1. Leading Maritime Enterprises and CMMI join forces to drive Green Transition in shipping industry
The Cyprus Marine and Maritime Institute, in collaboration with Tototheo Maritime and MarineFields, is proud to announce the launch of the ADAPTATION project. This innovative initiative is set to revolutionise the shipping sector by reducing port berthing waiting times and enhancing the efficiency of maritime logistics operations. https://cyprusshippingnews.com/2023/03/17/leading-maritime-enterprises-and-cmmi-join-forces-to-drive-green-transition-in-shipping-industry/
2. Net-Zero Industry Act must recognise strategic role of shipping for Europe’s security
However, the new Act must properly recognise the strategic role of shipping for Europe’s security. The shipping industry is a cornerstone of European security: energy security, food security, security of supply of goods. This is an unique opportunity for Europe to foster the sector’s competitiveness. https://cyprusshippingnews.com/2023/03/17/net-zero-industry-act-must-recognise-strategic-role-of-shipping-for-europes-security/
3. Marlink and ABS Wavesight™ partner to accelerate maritime clients’ digital transformation
Marlink, the smart network and ICT solutions company, and ABS Wavesight™, the ABS-affiliated maritime software as a service (SaaS) company, have signed an agreement to collaborate on using optimized connectivity to support efficient delivery of sustainability services and data to clients’ vessels. https://cyprusshippingnews.com/2023/03/17/marlink-and-abs-wavesight-partner-to-accelerate-maritime-clients-digital-transformation/
4. OneWeb confirms successful deployment of 40 satellites launched with SpaceX
Launch 17 brings the total OneWeb constellation to 582 satellites. Third launch with SpaceX makes penultimate mission to achieving global coverage.
OneWeb, the low Earth orbit (LEO) satellite communications company,today confirmed the successful deployment and contact of 40 satellites launched by SpaceX from Cape Canaveral Space Force Station in Florida. https://cyprusshippingnews.com/2023/03/17/oneweb-confirms-successful-deployment-of-40-satellites-launched-with-spacex-2/
5. AAL China celebrates 25 year anniversary amid strong projections for the region’s trade and economic growth
In 2023, AAL Shipping, a global leader in the multipurpose project heavy lift shipping sector, celebrates the 25th anniversary of its establishment of ‘AAL China’. As China continues to see economic growth through its re-emergence from pandemic lock-down and its dual circulation policy, AAL remains committed to serving the Chinese market and multipurpose cargo stakeholders. https://cyprusshippingnews.com/2023/03/17/aal-china-celebrates-25-year-anniversary-amid-strong-projections-for-the-regions-trade-and-economic-growth/
6. AboutShips: Unprecedented levels of institutional capital making its way into maritime services
Maritime CEO caught up with Manish Singh for a follow-up discussion on the growing role of private equity in the maritime sector. Singh was previously founder CEO of Ocean Technologies Group (OTG), a maritime operational SaaS group, and prior to that a prolific consolidator within the shipmanagement and marine services space through a decade and half at V.Group. https://splash247.com/aboutships-unprecedented-levels-of-institutional-capital-making-its-way-into-maritime-services/
7. European Commission launches Net-Zero Industry Act
The European Commission launched its Net-Zero Industry Act yesterday, legislation that could see carbon capture technology rolled out more rapidly to ships With the Net-Zero Industry Act, the European Commission will reduce the administrative burden and simplify permit-granting processes for renewable energy projects, accelerate the use of CO2 capture and storage and improve conditions for investment in net-zero technologies. https://splash247.com/european-commission-launches-net-zero-industry-act/
8. Tanker Giants Sprout From Nowhere To Keep Russian Oil Moving
At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside. A guy from a neighboring office says the staff moved out a few weeks ago, destination unknown. https://gcaptain.com/tanker-giants-sprout-from-nowhere-to-keep-russian-oil-moving/
9. Russia Says It Held Naval Drills With China And Iran
Russia, China and Iran have completed three-way naval exercises in the Arabian Sea that included artillery fire at targets on the sea and in the air, the Russian defense ministry said on Saturday. The exercises, off the Iranian port of Chabahar, took place as Russian President Vladimir Putin prepares to host his Chinese counterpart Xi Jinping in Moscow for a three-day state visit starting on Monday. https://gcaptain.com/russia-says-it-held-naval-drills-with-china-and-iran/
10. Baltic index snaps 19-session winning streak as larger vessels weigh
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its 19-session winning streak on Thursday, weighed by weakness in the capesize and panamax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 43 points, or about 2.7%, to 1,560 – its biggest dip since Feb. 15.
