1. MABUX: Bunker prices may demonstrate slight multidirectional changes on Dec
As of Dec. 10, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in four largest global hubs showed that 380 HSFO fuel grade was undervalued in two out of all four selected ports: in Rotterdam â minus $4 (no changes), in Singapore â minus $11 (minus $15 the day before). In Fujairah MBP Index 100% correlated to DBP Index (minus $2 the day before). In Houston this fuel grade was overcharged by â plus $6 (plus $5 the day before). There were not significant changes registered on Dec.10. https://cyprusshippingnews.com/2021/12/13/mabux-bunker-prices-may-demonstrate-slight-multidirectional-changes-on-dec/
2. Baltic Dry Index as of Dec 10
BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides âan assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a time-charter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk cargo ships, carrying a range of commodities including coal, iron ore and grain. https://cyprusshippingnews.com/2021/12/13/baltic-dry-index-as-of-dec-10/
3. Four breakthrough innovations challenge for first ever Nor-Shipping Ocean Solutions Award
Nor-Shipping has announced that Daphne Technology, Jotun, HASYTEC Group Germany/ Alesund Maritime, and Wavefoil have seen off a fierce competing field to make it to the shortlist of the inaugural Ocean Solutions Award. Launched to celebrate breakthrough innovations at, or approaching, the commercialisation stage, the accolade attracted an extensive spectrum of nominations from Nor-Shipping participants. The worthy recipient will now be unveiled at Nor-Shippingâs Ocean Leadership Conference on 10 January 2022.
4. Eagle LNG sign Aruba supply agreement
Eagle LNG Partners LLC, a US company based in Houston, Texas and Jacksonville, Florida, has completed a long-term supply contract to establish a liquefied natural gas receiving and regasification terminal in Aruba with WEB Aruba, the local power and water utility. The project confirms Arubaâs growing importance as a regional hub and creates new economic pillars. Today, the deal was confirmed in a signing ceremony attended by the Minister of Labour, Energy and Integration Glenbert Croes and WEB Aruba AI. CEO, Serapio Wever. https://cyprusshippingnews.com/2021/12/10/eagle-lng-sign-aruba-supply-agreement/
5. Nor-Shipping postponed over Omicron fears
The ski goggles can be taken out of the suitcase â next monthâs rescheduled Nor-Shipping has just been postponed, with organisers citing spiralling cases of the Omicron variant of Covid-19. With new restrictions in Norway reintroduced due to the growing number of Covid-19 cases recently, Nor-Shipping director Sidsel Norvik said the time has come to make a âresponsible decisionâ even though current national restrictions allow for large-scale exhibitions. https://splash247.com/nor-shipping-postponed-over-omicron-fears/
6. Two missing after Danish cargo ship capsizes in Baltic Sea collision
Two Danish crewmembers of a cargo ship, Karin HĂžj, are feared to have died after they went missing when the vessel was struck by the UK-flagged cargo ship Scot Carrier and subsequently capsized in the Baltic Sea off the Swedish coast and the Danish island of Bornholm early on Monday. https://splash247.com/two-missing-after-danish-cargo-ship-capsizes-in-baltic-sea-collision
7. Container collapse accident off Alexandria
Stormy conditions last Wednesday off the Egyptian port of Alexandria saw a boxship lose three containers overboard and another slew of boxes become dislodged and damaged during transit. The 2000-built, 3,013 teu Wadi Alrayan was hit by large waves last Wednesday evening. The ship, belonging to Egyptâs National Navigation Co, then made for Alexandriaâs outer anchorage before coming in to berth on Friday. https://splash247.com/container-collapse-accident-off-alexandria/
8. MV Almirante Storni Arrives at Dock With Timber Fire Under Control
The Swedish Coast Guard has stood down the federal response to the fire on board the MV Almirante Storni near Gothenburg, Sweden after a week of firefighting. After a week burning at anchor near the island of Vinga, the ship arrived at a berth in Gothenburg under its own power on Saturday morning with the fire mostly controlled but thermal imaging still showing some hot spots. As of Monday, the Greater Gothenburg Rescue Service has taken over the response.
https://gcaptain.com/mv-almirante-storni-arrives-at-dock-with-timber-fire-under-control/
9. LNG Shipping Rates Ease But Market Vulnerable To Asian Winter Demand
Asia-Pacific LNG shipping rates have eased from record highs as Asian spot LNG demand has softened due to moderate weather, healthy inventories at North Asian terminals and high spot prices that are keeping most end-users on the sidelines. The S&P Global Platts LNG shipping rates fell to $285,000/day from a record high $320,000/day at end-November, while the Atlantic rate fell to $240,000/day from $260,000/day. Spot LNG carrier availability in the Pacific improved to over a dozen vessels from single digit levels a few weeks ago, helping slow the surge in freight rates. https://www.shippingtribune.com/news/shipping/LNG+shipping+rates+ease+but+market+vulnerable+to+Asian+winter+demand
10. Piracy And Armed Robbery At Sea
Although much emphasis has been on the severity of piracy activity in Gulf of Guinea, the Southeast Asian and Western Indian Ocean regions have been exposed to acts of piracy and armed robbery on vessels â demonstrating that such incidents are not restricted only to known âhigh risk areaâ regions. The IMB piracy and armed robbery report of September 2021 (Q3) released the following statistics for the January to September 2021 period https://www.shippingtribune.com/news/shipping/Piracy+and+armed+robbery+at+sea
