1. METIS adds DTN Vessel Routing API to improve quantifiable ship performance gains
METIS Cyberspace Technology has signed a formal agreement with global data, analytics, and technology company DTN®, to integrate its Vessel Routing API into METIS Augmented Routing Optimization, in a new demonstration of the way weather-enhanced decision-making and AI-based analytics deliver measurable gains to ship performance. https://cyprusshippingnews.com/2023/03/21/metis-adds-dtn-vessel-routing-api-to-improve-quantifiable-ship-performance-gains/
2. AP Moller Maersk divest Maersk Supply Service a leading provider of global offshore marine services and project solutions for the energy sector
A.P. Moller – Maersk has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service , a leading provider of global offshore marine services and project solutions for the energy sector. https://cyprusshippingnews.com/2023/03/21/ap-moller-maersk-divest-maersk-supply-service-a-leading-provider-of-global-offshore-marine-services-and-project-solutions-for-the-energy-sector/
3. Historic visit offshore
On 17 March, EU Commission President Ursula von der Leyen, NATO Secretary General Jens Stoltenberg and Norwegian Prime Minister Jonas Gahr Støre visited the Troll A platform in the North Sea. Troll is Norway’s largest gas field, providing more than 10 per cent of the gas consumed in the EU in 2022. Equinor CEO Anders Opedal hosted the offshore visit. “This visit underlines Norway’s importance as a secure and reliable supplier of energy to Europe,” says Anders Opedal. https://cyprusshippingnews.com/2023/03/21/historic-visit-offshore/
4. PSA Jurong Island Terminal and JTC celebrate 130K TEU record achievement in push for a more sustainable, efficient and resilient supply chain ecosystem
PSA Jurong Island Terminal achieved a record-breaking container throughput of more than 130,000 twenty-foot equivalent units (TEUs) in the year ending 31 December 2022. This is its highest volume since the terminal began operations in 2012 and a 30% increase since 2021. https://cyprusshippingnews.com/2023/03/21/psa-jurong-island-terminal-and-jtc-celebrate-130k-teu-record-achievement-in-push-for-a-more-sustainable-efficient-and-resilient-supply-chain-ecosystem/
5. Registration of Mortgages on Vessels in Cyprus
Cyprus is one of the most reputable maritime jurisdictions in the world, and its legal framework for the registration of mortgages on vessels is well-established. This article provides a comprehensive guide to the registration of mortgages on vessels in Cyprus, covering the legal framework, the procedure for registration, and the advantages of registering a mortgage on a vessel in Cyprus. https://cyprusshippingnews.com/2023/03/20/registration-of-mortgages-on-vessels-in-cyprus/
6. Global merchant fleet ageing rapidly
The global merchant fleet is getting old fast with a growing number of experts suggesting shipping could face a bottleneck in the coming years as a paucity of available newbuild slots fail to cover the volume of ships hitting their demolition age. Xclusiv is forecasting that ships on order for both the dry bulk and tanker segments will not offset the vessels set to be demolished. https://splash247.com/global-merchant-fleet-ageing-rapidly/
7. IPCC report adds impetus to IMO’s green deliberations
The International Maritime Organization’s greenhouse gas working group meeting in London this week has been given added impetus following the publication of the United Nations’ Intergovernmental Panel on Climate Change (IPCC) synthesis report, providing a top line overview of findings from the world’s leading climate scientists. https://splash247.com/ipcc-report-adds-impetus-to-imos-green-deliberations/
8. Vulcan Says Mexico Limestone Terminal Seized by Authorities
U.S. construction materials company Vulcan Materials has alleged that Mexican security forces have illegally taken control of its port terminal in southern Mexico, near Playa del Carmen. Vulcan said workers from Mexican multinational cement firm Cemex, one of the world’s largest producers of cement, ready-mix concrete, and aggregates, were also involved in the “unlawful takeover” of the terminal. https://gcaptain.com/vulcan-says-mexico-limestone-terminal-seized-by-authorities/
9. Chevron-Chartered Tanker Involved in Minor Collision in Venezuela
A Liberia-flagged oil tanker chartered by Chevron Corp had a minor collision with another vessel, the Bueno, in Venezuelan waters on Sunday, according to sources and a shipping report seen by Reuters on Monday. The Bueno has not navigated international waters since the U.S. Treasury Department last year imposed sanctions on it and four other vessels for alleged involvement in moving Iranian origin shipments, which led to the loss of its Djibouti flag. https://gcaptain.com/chevron-chartered-tanker-involved-in-minor-collision-in-venezuela/
10. Baltic Index Ticks Up On Capesize Jump
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday as rates for the larger capesize vessel segment rebounded. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 7 points, to 1,542. The capesize index was up 32 points, or about 1.7%, to 1,945 – its biggest one-day rise since March 14. https://www.shippingtribune.com/news/shipping/Baltic+Index+Ticks+Up+On+Capesize+Jump
