1. Worldscale adopts ICE’s Benchmark EUA Carbon Pricing for its Tanker Freight Rates. Intercontinental Exchange, Inc., a leading global provider of technology and data, today announced that Worldscale Association Ltd (Worldscale), a leading provider of tanker freight rate references, has chosen ICE’s European Carbon Allowance (EUA) futures settlement price as the benchmark carbon price for calculating tanker freight rates in 2025.
https://cyprusshippingnews.com/2024/11/28/worldscale-adopts-ices-benchmark-eua-carbon-pricing-for-its-tanker-freight-rates/
https://cyprusshippingnews.com/2024/11/28/worldscale-adopts-ices-benchmark-eua-carbon-pricing-for-its-tanker-freight-rates/
2. Welspun One launches India’s largest logistics facility; invests $325M. Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing $325M in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai (India). Originally envisaged as a 1.2 million sq. ft. park which entailed an investment of ~$84M, the company has now upscaled the size of the project to ~4.45 million sq. ft. of BUA to cater to the growing export-import demand arising at the JNPA Port.
https://cyprusshippingnews.com/2024/11/28/welspun-one-launches-indias-largest-logistics-facility-invests-325m/
https://cyprusshippingnews.com/2024/11/28/welspun-one-launches-indias-largest-logistics-facility-invests-325m/
3. Port Throughput Index Down 0.3% In September. The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices is January 2019 = 100.
https://cyprusshippingnews.com/2024/11/28/port-throughput-index-down-0-3-in-september/
https://cyprusshippingnews.com/2024/11/28/port-throughput-index-down-0-3-in-september/
4. “K” LINE to support victims of consecutive typhoons in the Philippines. From October to November, six typhoons had made landfall in the Philippines one after another, causing significant damage in various regions.
We would like to pray for the repose of the souls of those who lost their lives and express our deepest sympathy to those affected by the disaster.
https://cyprusshippingnews.com/2024/11/28/k-line-to-support-victims-of-consecutive-typhoons-in-the-philippines/
https://cyprusshippingnews.com/2024/11/28/k-line-to-support-victims-of-consecutive-typhoons-in-the-philippines/
5. Maritime Partners celebrates closing new financing solution for shipping. Louisiana-based Maritime Partners is celebrating the closing of a $750m, first-of-its-kind warehouse facility, which will be collateralised by three wholly owned business lines within one of its managed funds with a syndicate of lenders led by ATLAS SP Partners.
https://splash247.com/maritime-partners-celebrates-closing-new-financing-solution-for-shipping/
https://splash247.com/maritime-partners-celebrates-closing-new-financing-solution-for-shipping/
6. Rivals scramble to keep pace with MSC. Alpahliner is reporting that MSC has now surpassed 400 secondhand ship purchases since it embarked on a historical buying spree amid the covid pandemic in August 2020. Alphaliner tallies 402 ships, while rival Linerlytica has counted 420 ships. Along with its huge orderbook, MSC now commands a global liner marketshare in excess of 20%, becoming the first liner in the world to break multiple size records such as surpassing 5m teu, then swiftly afterward 6m teu.
https://splash247.com/rivals-scramble-to-keep-pace-with-msc/
https://splash247.com/rivals-scramble-to-keep-pace-with-msc/
7. Belships owner eyes selling up. Kontrari and Kontrazi, investment vehicles controlled by Frode Teigen, the largest shareholder of Belships, have revealed they are looking at selling their position in the Norwegian dry bulk owner.Teigen has hired Fearnley Securities to evaluate “potential strategic alternatives”, according to a release.
https://splash247.com/belships-owner-eyes-selling-up/
https://splash247.com/belships-owner-eyes-selling-up/
8. Avance Gas Exits Shipping Market with $450 Million Profit, Plans Complete Wind-up. Avance Gas Holding Ltd (OSE: AGAS), one of the leading owners of Very Large Gas Carriers (VLGCs), has announced its complete exit from the shipping market through strategic fleet sales.The company’s latest financial results reveal a strong third-quarter performance with a net profit of $25.8 million, translating to earnings per share of $0.34. Year-to-date profits have reached $232.9 million ($3.04 per share), setting a new record for the company’s nine-month performance.
https://gcaptain.com/avance-gas-exits-shipping-market-with-450-million-profit-plans-complete-wind-up/
https://gcaptain.com/avance-gas-exits-shipping-market-with-450-million-profit-plans-complete-wind-up/
9. U.S. Coast Guard’s Aging ‘Polar Star’ Begins Antarctic Mission as Service Races to Modernize Icebreaker Fleet. The USCGC Polar Star, America’s only heavy icebreaker, has departed Seattle for its annual Antarctic mission supporting Operation Deep Freeze (ODF), marking its 28th year in this critical role.
https://gcaptain.com/u-s-coast-guards-aging-polar-star-begins-antarctic-mission-as-service-races-to-modernize-icebreaker-fleet/
https://gcaptain.com/u-s-coast-guards-aging-polar-star-begins-antarctic-mission-as-service-races-to-modernize-icebreaker-fleet/
10. Poland’s PM Proposes Navy Policing in Baltic Sea Amid Russia Threat. Poland will propose a maritime policing program in the Baltic Sea similar to air-monitoring missions carried out by NATO members, Prime Minister Donald Tusk said on Wednesday.
https://gcaptain.com/polands-pm-proposes-navy-policing-in-baltic-sea-amid-russia-threat/
https://gcaptain.com/polands-pm-proposes-navy-policing-in-baltic-sea-amid-russia-threat/
