1. Great Eastern Shipping gets rid of 19-year-old suezmax. Indian owner Great Eastern Shipping has made a deal to sell its 2005-built suezmax crude tanker Jag Lalit to an unaffiliated third party.
The deal for the 158,344 dwt vessel was made on Friday and the delivery is expected to occur by the third quarter of the fiscal year 2025.
https://splash247.com/great-eastern-shipping-gets-rid-of-19-year-old-suezmax/
https://splash247.com/great-eastern-shipping-gets-rid-of-19-year-old-suezmax/
2. Trumpās plan to hike tariffs would spike shipping costs, just like in 2018, experts say. U.S. presidential contender Donald Trumpās plan to hike tariffs on imports if he is elected back to the White House in November would send cargo rates soaring and accelerate inflation, just like it did during his 2017-21 term, shipping and retail experts said.
Trump, who is running against Democratic Vice President Kamala Harris in the Nov. 5 election, has floated second-term plans for blanket tariffs of 10% to 20% on virtually all imports as well as tariffs of 60% or more on goods from China, in a bid to boost U.S. manufacturing.
https://cyprusshippingnews.com/2024/09/13/trumps-plan-to-hike-tariffs-would-spike-shipping-costs-just-like-in-2018-experts-say/
https://cyprusshippingnews.com/2024/09/13/trumps-plan-to-hike-tariffs-would-spike-shipping-costs-just-like-in-2018-experts-say/
3. Odfjell joins Achilles Maritime Network, reinforcing commitment to sustainability. Achilles, a global leader in supply chain risk management solutions, announced Ā today that Odfjell, a leading player in the global chemical tanker and terminal industry, has joined the Achilles Maritime Network.
https://cyprusshippingnews.com/2024/09/13/odfjell-joins-achilles-maritime-network-reinforcing-commitment-to-sustainability/
https://cyprusshippingnews.com/2024/09/13/odfjell-joins-achilles-maritime-network-reinforcing-commitment-to-sustainability/
4. Through the continuous provision of Maritime Information, 1 MOL Group-managed vessels earn commendations from Japan Coast Guard for 4th consecutive year. Mitsui O.S.K. Lines, announced that 1 MOL Group-managed vessels have received commendations from the Commandant of the Japan Coast Guard Ā and the Commander of the JCG 3rd Regional Coast Guard Headquarters.
https://cyprusshippingnews.com/2024/09/13/through-the-continuous-provision-of-maritime-information-10-mol-group-managed-vessels-earn-commendations-from-japan-coast-guard-for-4th-consecutive-year/
https://cyprusshippingnews.com/2024/09/13/through-the-continuous-provision-of-maritime-information-10-mol-group-managed-vessels-earn-commendations-from-japan-coast-guard-for-4th-consecutive-year/
5. āKā LINE exhibit at CCUS WORLD for the 22nd SMART ENERGY WEEK Autumn 2024. āKā LINE is working on new business areas that will contribute to the decarbonization of society by utilizing the abundant experience and expertise we have cultivated in the shipping industry, based on the āKā LINE Environmental Vision 2050 ā Blue Seas for the Future. In the Carbon dioxide Capture and Storage (CCS) business field, āKā LINE will start Liquefied CO2 transportation for Northern Lights Project*2, the worldās first full-scale CCS value chain project this fiscal year.
https://cyprusshippingnews.com/2024/09/13/k-line-exhibit-at-ccus-world-for-the-22nd-smart-energy-week-autumn-2024/
https://cyprusshippingnews.com/2024/09/13/k-line-exhibit-at-ccus-world-for-the-22nd-smart-energy-week-autumn-2024/
6. Decarbonisation needs collaborative ākick-startā says APM Terminals Chief Executive Officer Keith Svendsen. In a panel discussion called by the World Economic Forum in Gothenburg, Sweden on Monday, APM Terminals Chief Executive Officer, Keith Svendsen, addressed the need to ākick-startā the eco-system in ports to enable the greater use of renewable energy sources. While highlighting APM Terminalsā achievement of operating on 40% renewable energy, he reiterated the companyās goal of achieving 100% by 2030 ā a goal that makes it an industry front-runner.
https://cyprusshippingnews.com/2024/09/13/apm-terminals-decarbonisation-needs-collaborative-kick-start/
https://cyprusshippingnews.com/2024/09/13/apm-terminals-decarbonisation-needs-collaborative-kick-start/
7. Saipem semisub to stay with Aker BP for one more year. Italian energy services contractor Saipem has been awarded an extension for one of its rigs by oil and gas operator Aker BP.
Aker BP gave an extension to the Scarabeo 8 semisub which is currently under contract with the company until the end of 2025.
Initially, the rig won a three-year, $325m deal with Aker BP for work offshore Norway back in March 2022, the contract also includes the option of two one-year extensions.
https://splash247.com/saipem-semisub-to-stay-with-aker-bp-for-one-more-year/
https://splash247.com/saipem-semisub-to-stay-with-aker-bp-for-one-more-year/
8. US east coast in focus as box spot rates nosedive. October 1 looks increasingly like the date that will decide Q4 liner fortunes with the incredibly volatile spot markets in free-fall at present, and seemingly only a big American dockworker strike as the sole major event on the horizon to soak up tonnage and halt the slide.
https://splash247.com/us-east-coast-in-focus-as-box-spot-rates-nosedive/
https://splash247.com/us-east-coast-in-focus-as-box-spot-rates-nosedive/
9. Japanās Largest Aircraft Carrier Sails to California for Flight Trials. Japanās military is making moves that will put it in the big leagues of naval aviation. Later this year, the Izumo-class carrier Kaga will head to the waters off California for F-35B Lightning II tests, a crucial step in Japanās plan to fully integrate these advanced fighters into its fleet. The trials, set for October through November, mark a milestone for the Japanese Maritime Self-Defense Force (JMSDF) as it increases spending and transforms two former helicopter destroyers āKaga and its sister ship Izumoāinto F-35B-capable carriers.
https://gcaptain.com/japans-largest-aircraft-carrier-sails-to-california-for-flight-trials/
https://gcaptain.com/japans-largest-aircraft-carrier-sails-to-california-for-flight-trials/
10. Greek Navy Extends Naval Drills to Deter Russian Oil. Ā Greeceās navy has (once again) extended a series of naval drills by two months as the country tries to deter Russian oil transfers on its coastline.Ā
The maneuvers, which had been due to end in the coming days, will now continue until November ā more than six months after they first started ā according to a notice on the Hellenic Navy Hydrographic Serviceās website.
https://gcaptain.com/greek-navy-extends-naval-drills-to-deter-russian-oil/
https://gcaptain.com/greek-navy-extends-naval-drills-to-deter-russian-oil/
