1. LR partners with COFCO International on fleet emissions reduction programme Lloyd’s Register (LR) and COFCO International, a global agri-business, are partnering on the development of a strategy to decarbonise the company’s freight operations with a focus on emissions reduction technologies.
https://cyprusshippingnews.com/2024/06/14/lr-partners-with-cofco-international-on-fleet-emissions-reduction-programme/
https://cyprusshippingnews.com/2024/06/14/lr-partners-with-cofco-international-on-fleet-emissions-reduction-programme/
2. 10 YEARS MIEEK PSM: ‘Supply Chain Management and Maritime Studies’ in Cyprus. The two-year program ‘Supply Chain Management and Maritime Studies’ at MIEEK, Ministry of Education, Sports, and Youth, celebrates ten years of operation. In 2016, the program saw its first graduates enter the labor market. In these eight years, some of the program graduates have even managed to climb to managerial positions.
https://cyprusshippingnews.com/2024/06/14/10-years-mieek-psm-supply-chain-management-and-maritime-studies-in-cyprus/
https://cyprusshippingnews.com/2024/06/14/10-years-mieek-psm-supply-chain-management-and-maritime-studies-in-cyprus/
3. Posidonia 2024 Bids Farewell to Record Number of Participants, Renews Rendezvous for 2026. 2,038 exhibitors from 81 countries present at biggest ever Posidonia – Posidonia 2024 has already gone down in history as the best-attended in the biennial event’s 55 years of existence, and organisers are already busy receiving enquiries and pre-registration applications for the next event, scheduled for 1-5 June 2026.
https://cyprusshippingnews.com/2024/06/14/posidonia-2024-bids-farewell-to-record-number-of-participants-renews-rendezvous-for-2026/
https://cyprusshippingnews.com/2024/06/14/posidonia-2024-bids-farewell-to-record-number-of-participants-renews-rendezvous-for-2026/
4. DeepSea Technologies wins DNV Type Approval for autonomous solution for speed control DeepSea Technologies, the leading maritime AI company and part of the Nabtesco Group, has received Type Approval from leading classification society DNV for their latest product. DeepSea HyperPilot automatically and precisely controls the change of speeds across a voyage to achieve fuel savings and empower captains and crews. This is DNV’s first Type Approval of a system that provides automatic speed adjustment to a propulsion control system.
https://cyprusshippingnews.com/2024/06/14/deepsea-technologies-wins-dnv-type-approval-for-autonomous-solution-for-speed-control/
https://cyprusshippingnews.com/2024/06/14/deepsea-technologies-wins-dnv-type-approval-for-autonomous-solution-for-speed-control/
5. Slowing demand growth and surging supply put global oil markets on course for major surplus this decade New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector. Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market strains and pushing spare capacity towards levels unseen outside of the Covid crisis, according to the IEA’s new oil market outlook.
https://cyprusshippingnews.com/2024/06/14/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade/
https://cyprusshippingnews.com/2024/06/14/slowing-demand-growth-and-surging-supply-put-global-oil-markets-on-course-for-major-surplus-this-decade/
6. Oil washes up onto Singapore beaches after allison between dredger and bunker vessel. Clean-up operations are underway in Singapore following an oil spill resulting from the allision on Friday between the dredger, Vox Maxima, and bunker vessel, Marine Honour. Patches of oil and light sheens have been observed off Pasir Panjang Terminal and along Tanjong, Palawan, and Siloso Beach on Sentosa Island.
https://splash247.com/oil-washes-up-onto-singapore-beaches-after-allison-between-dredger-and-bunker-vessel/
https://splash247.com/oil-washes-up-onto-singapore-beaches-after-allison-between-dredger-and-bunker-vessel/
7. Diana Shipping locks kamsarmax bulker into charter with Cobelfret. Greece’s Diana Shipping has secured employment for its kamsarmax bulk carrier at a slightly improved rate compared to the vessel’s previous deal. The New York-listed shipowner has fixed out the 2010-built Myrsini to Cobelfret until February 2025, with options until March 25.
https://splash247.com/diana-shipping-locks-kamsarmax-bulker-into-charter-with-cobelfret/
https://splash247.com/diana-shipping-locks-kamsarmax-bulker-into-charter-with-cobelfret/
8. Subsea 7 scores UK North Sea contract with Dana Petroleum Oslo-listed Subsea 7 has secured a contract worth between $50m and $150m from Dana Petroleum, for work on the Bittern field development in the UK Central North Sea. The contract covers project management, engineering, procurement, construction and installation (EPCI) of a 22 km water injection pipeline and associated subsea structures and tie-ins at the Triton floating production storage and offloading (FPSO) vessel and the Bittern field.
https://splash247.com/subsea-7-scores-uk-north-sea-contract-with-dana-petroleum/
https://splash247.com/subsea-7-scores-uk-north-sea-contract-with-dana-petroleum/
9. Stricken Red Sea Ship Is Taking On Water As It Awaits Salvage. A ship that was abandoned after being hit by a drone in the Red Sea is slowly taking on water, with two vessels on their way to try and rescue it. The crew of the Tutor, which was the first vessel to be hit with a waterborne explosive launched by Yemen’s Houthi rebels, were rescued by a US Navy ship, according to a statement from US Central Command.
https://gcaptain.com/stricken-red-sea-ship-is-taking-on-water-as-it-awaits-salvage/
https://gcaptain.com/stricken-red-sea-ship-is-taking-on-water-as-it-awaits-salvage/
10. Malaysia to build port near Kuala Lumpur amid supply chain shift. Malaysia will build a new container port along the western coast of the Malay Peninsula facing the Malacca Strait, one of the world’s busiest sea lanes, as the country prepares to capture logistics demand created by global supply chain shifts.
https://www.shippingtribune.com/news/shipping/Malaysia+to+build+port+near+Kuala+Lumpur+amid+supply+chain+shift
https://www.shippingtribune.com/news/shipping/Malaysia+to+build+port+near+Kuala+Lumpur+amid+supply+chain+shift
