1. Intership Navigation signs “The Neptune Declaration”
The Declaration defines four main actions to facilitate crew changes and keep global supply chains functioning: recognising seafarers as key workers and giving them access to COVID-19 vaccines; establishing and implementing a gold standard health protocol based on existing best practices; increasing collaboration between ship operators and charterers to facilitate crew changes; and ensuring air connectivity between key maritime hubs for seafarers. https://cyprusshippingnews.com/2021/02/01/intership-navigation-signs-the-neptune-declaration/
2. Jebsen Shipping orders up to 12 MPPs at Dajin Heavy
Chinese yard Dajin Heavy Industry, a subsidiary of Shanghai Bestway, has announced that it has entered into shipbuiding contracts with German company ESTE Verwaltungs for the construction of up to twelve 5,200 dwt multi-purpose cargo vessels. The contract is comprised of a firm order for six ships plus options for another six. https://splash247.com/jebsen-shipping-orders-up-to-12-mpps-at-dajin-heavy/
3. CMMI and Odessa Naval Academy sign cooperation agreement – Assistant the Cyprus Shipping Deputy Ministry
The Cyprus Shipping Deputy Ministry encourages the initiatives of Academic Institutions and Research Centers to promote the Blue Economy and Shipping. With the participation of the Cyprus Shipping Deputy Minister, the signing ceremony of the Memorandum of Cooperation took place between the National University “Naval Academy of Odessa” and the Cyprus Marine and Maritime Institute. https://cyprusshippingnews.com/2021/02/01/cmmi-and-odessa-naval-academy-sign-cooperation-agreement-assistant-the-cyprus-shipping-deputy-ministry/
4. Cyprus Shipping Deputy Minister Demetriades to reassess situation after tender for Cyprus-Greece ferry link fails to attract proposals
The maritime connection between Cyprus and Greece has been inactive since 2000. The Deputy Ministry sought to revive the connection with a €5 million pen annum of state subsidy approved by the EU’s DG Competition. However, the tender for proposals ended on Friday without attracting any binding offers. Under the tender terms, the connection was due to commence in the summer of 2021 amid the uncertainty caused by the Covid-19 pandemic. https://cyprusshippingnews.com/2021/02/01/cyprus-shipping-deputy-minister-demetriades-to-reassess-situation-after-tender-for-cyprus-greece-ferry-link-fails-to-attract-proposals/
5. China buys ‘scale-busting’ record volumes of American corn
Arrow Research has published “scale-busting” charts detailing Chinese purchases of American corn over the past week.
Over the past week a record breaking 5.8m tonnes of US corn has been purchased by China for the current marketing year adding fuel to the US corn rally. https://splash247.com/china-buys-scale-busting-record-volumes-of-american-corn/
6. Evergreen goes on 20 mega boxship order spree
According to multiple broking reports, the Taiwanese liner has ordered five 15,000 teu ships at Samsung Heavy Industries in South Korea, five similarly sized ships at China’s Hudong-Zhonghua, while also agreeing with Japan’s Shoei Kisen to take 10 15,000 teu newbuilds from Shoei Kisen’s sister firm, Imabari. https://splash247.com/evergreen-goes-on-20-mega-boxship-order-spree/
7. World’s first ‘carbon-neutral oil’ shipped to India
On January 28, 2m barrels of oil was delivered by Pantheon’s Sea Pearl VLCC to Reliance Industries in India. This transaction, which was arranged in conjunction with Macquarie, is believed to be the energy industry’s first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset. https://splash247.com/worlds-first-carbon-neutral-oil-shipped-to-india/
8. Baltic Index Down Near Four-Week Low
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, on Monday was down at its lowest since early January, as rates weakened across vessel segments. https://gcaptain.com/baltic-index-down-20/
9. Eagle Bulk Ship Escapes Pirate Attack in Gulf of Guinea
A bulk carrier belonging to NASDAQ-listed Eagle Bulk Shipping is reported safe and its crew unharmed after a pirate attack in the Gulf of Guinea. The incident was confirmed Monday by Eagle Bulk Shipping in a tweet informing that its owned Ultramax bulker carrier Rowayton Eagle was hijacked about 240 miles southeast of Lagos, Nigeria. The company also hailed the ship’s Captain for his leadership throughout the ordeal. https://gcaptain.com/eagle-bulk-ship-escapes-pirate-attack-in-gulf-of-guinea/
10. Oil Prices Rise By 1% As Producers Commit To Slashing Fuel Output
Oil prices rose around 1% on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak demand during the coronavirus pandemic. https://www.shippingtribune.com/news/shipping/Oil+prices+rise+by+1%25+as+producers+commit+to+slashing+fuel+output
