

1. Korea Maritime Week celebrates women in maritime. The importance of women in the maritime industry was marked at an event on the first day of Korea Maritime Week (14-16 June) in Seoul, Republic of Korea. IMO recognizes and promotes the role of women in the maritime sector with its celebration of International Day for Women in Maritime on 18 May each year. https://cyprusshippingnews.com/2023/06/21/korea-maritime-week-celebrates-women-in-maritime/
2. ONE commits 1 million to NParks’ Garden City Fund in support of enhancement works at Sisters’ Islands Marine Park. At the opening of the 5th Asia Pacific Coral Reef Symposium, organized by the National University of Singapore and supported by National Parks Board , NParks announced a new series of partnerships and projects to support marine conservation in Singapore. A new 230-metre-long Ocean Network Express Coastal Forest Trail will be built, supported by a donation of $1 million from Ocean Network Express (ONE), through NParks’ registered charity and IPC, Garden City Fund. The trail will bring visitors through coastal habitats on Big Sister’s Island, one of the islands within Sisters’ Islands Marine Park in Singapore. https://cyprusshippingnews.com/2023/06/21/one-commits-1-million-to-nparks-garden-city-fund-in-support-of-enhancement-works-at-sisters-islands-marine-park/
3. ICS welcomes adoption of the High Seas Treaty at the United Nations. Speaking at the UN Headquarters , the International Chamber of Shipping has welcomed the adoption of the landmark High Seas Treaty. This follows the significant breakthrough in March 2023 when nearly 200 nation States took part in the discussions and came to an agreement in finalising the text of the High Seas Treaty. https://cyprusshippingnews.com/2023/06/21/ics-welcomes-adoption-of-the-high-seas-treaty-at-the-united-nations/
4. HHLA and CSPL finalise minority shareholding in CTT. Following the completion of the investment screening process, Hamburger Hafen und Logistik AG and COSCO Shipping Ports Limited have signed the agreement for CSPL’s minority shareholding in Container Terminal Tollerort. This agreement provides CSPL with an interest of 24.99 percent in HHLA’s Container Terminal Tollerort in Hamburg. CTT will now be developed into a preferred handling location for HHLA’s long-term customer COSCO, where freight flows between Asia and Europe are to be concentrated. https://cyprusshippingnews.com/2023/06/21/hhla-and-cspl-finalise-minority-shareholding-in-ctt/
5. Have opportunists hit a temporary dip in Capesize market? by Vessels Value. Recent sales have shown a downward movement in value and benchmark deals have set values lower; the value of a Capesize Bulker is now USD 20.13 mil down from USD 21.85 mil at the beginning of the month. A contributing factor to the decrease in values is a softening in the chartering market since mid-May, where the Capesize 54-TCA plunged to around 9,254 USD/Day from 20,845 USD/Day.https://cyprusshippingnews.com/2023/06/21/vessels-value-market-chat-have-opportunists-hit-a-temporary-dip-in-capesize-market/
6. American asset manager raises funds for boxship acquisitions. Greywolf Capital Management , an American asset manager, has raised $120m for a new Containership Opportunities Fund II, according to Alphaliner. The new fund will focus on the opportunistic purchase of commercial ships leased to major container shipping companies. It follows on from an earlier fund, Greywolf Containership Opportunities Fund I, which closed for new investment in December 2020. Greywolf currently manages investments in 22 boxships. https://splash247.com/american-asset-manager-raises-funds-for-boxship-acquisitions/
7. China showcases its own rotor sails. China has showcased its first domestically produced rotor sails, installed on an 11-year-old bulk carrier. CSSC Chengxi Shipbuilding installed four Flettner rotor style sails on the 45,000 dwt Chang Hang Sheng Hai, a ship which is owned by Minsheng Financial Leasing and operated by Ming Wah. The sails, developed over the last three years, are 3 m wide and 24 m tall, with CSSC claiming the ship will achieve energy savings of more than 5%. https://splash247.com/china-showcases-its-own-rotor-sails/
8. June Storms Raise Alarm for Atlantic Hurricane Season. Tropical Storm Bret is nearing the Caribbean, while a second system looks to be gathering strength behind it, providing an unusual amount of unsettling activity in the early weeks of the Atlantic hurricane season. Bret formed Monday east of the Caribbean’s Leeward and Windward Islands, the furthest east and south a storm has formed in records going back to 1853, Phil Klotzbach, a seasonal hurricane forecaster at Colorado State University, said in a tweet. At 5 p.m. the system was 835 miles (1,344 kilometers) from the Windward Islands and had triggered tropical storm watches in Dominica and Barbados, the US National Hurricane Center said. https://gcaptain.com/june-storms-raise-alarm-for-atlantic-hurricane-season/
9. Offshore Supply Vessels Move From Oil To Military And Wind. Todd Hornbeck, the CEO of Hornbeck Offshore, recently delivered a talk at the Marine Money Week Conference in NYC. He presented an optimistic outlook for the offshore supply vessel (OSV) market, stating that its dependency on the oil industry is fading as it expands into wind energy and military sectors. Highlighting the cyclical nature of the OSV industry with the ability of customers to renegotiate contracts during offshore bust periods, Hornbeck discussed the potential for longer-term stability by looking outside the oil sector. https://gcaptain.com/offshore-supply-vessels-move-from-oil-to-military-and-wind/
10. Mumbai: Government’s Green Vadhavan Port To Be Operational Soon The Maharashtra government has decided to accelerate the implementation of various Sagarmala projects in Maharashtra including the Vadhavan Port. The decision was made at a joint review meeting held between union minister for ports and shipping Sarbananda Sonowal and Maharashtra Deputy Chief Minster Devendra Fadnavis. “The officials have been directed to ensure that the Vadhavan port, which the state government is developing as a green port, is operational as soon as possible,” Fadnavis said while speaking to reporters after the meeting. https://www.shippingtribune.com/news/shipping/Mumbai%3A+Government%27s+Green+Vadhavan+Port+To+Be+Operational+Soon
