1. Synergy eyes non-flammable rechargeable batteries for shipping
Synergy Marine, a subsidiary of Singapore’s Synergy Group, has partnered up with US-based battery developer Alsym Energy and Japanese owner Nissen Kaiun to roll out non-flammable rechargeable batteries for the shipping sector.
https://splash247.com/synergy-eyes-non-flammable-rechargeable-batteries-for-shipping/
2. Piraeus among the top 10 global ports in 2022 shipping index
Τhe Port of Piraeus ranked 9th internationally on the Xinhua-Baltic International Shipping Centre Development Index. The ISCD Index provides an annual independent ranking of the performance of the world’s largest cities that offer port and shipping business services based on three primary dimensions -port infrastructure, shipping services and general environment- and 16 secondary indicators to evaluate the comprehensive performance of 43 cities worldwide. https://cyprusshippingnews.com/2022/07/20/piraeus-among-the-top-10-global-ports-in-2022-shipping-index/
3. China’s LNG imports to see unprecedented decline in 2022 says Wood Mackenzie research director Miaoru Huang
After a solid growth in 2021, China’s gas and LNG demand is expected to slow down in 2022. China’s gas demand (sum of production and net imports) in Q2 decreased 5% year-on-year. The weakening gas demand was due to a confluence of factors including economic slowdown, rising gas import prices, policy support for clean coal and a warmer-than-usual winter. https://cyprusshippingnews.com/2022/07/20/chinas-lng-imports-to-see-unprecedented-decline-in-2022-says-wood-mackenzie-research-director-miaoru-huang/
4. Inmarsat report offers guidance on cyber-risk management beyond IMO 2021 compliance
A new report published by Inmarsat, the world leader in global, mobile satellite communications, highlights the role of the International Maritime Organization’s (IMO) 2021 cyber risk management code in providing a framework for cyber resilience but warns that there is more to combating attacks than compliance alone. Compiled by maritime innovation consultancy Thetius, Beyond Compliance – Cyber Risk Management After IMO 2021 encourages proactivity in preventing and mitigating the impact of cyber-attacks. https://cyprusshippingnews.com/2022/07/20/inmarsat-report-offers-guidance-on-cyber-risk-management-beyond-imo-2021-compliance/
5. Boost for biofuels as IMO removes regulatory hurdle
MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory requirement to demonstrate that biofuels do not “cause an engine to exceed the applicable NOx emission limit”. Our guest author, Unni Einemo, explains the challenge and the recent actions in the MEPC to address it. https://cyprusshippingnews.com/2022/07/20/boost-for-biofuels-as-imo-removes-regulatory-hurdle/
6. California offers $125m in incentives for zero-emission equipment
The California Air Resources Board (CARB) has opened the second round of its Clean Off-Road Equipment Voucher Incentive Project (CORE), providing point-of-sale discounts on off-road zero-emission equipment, including port equipment. The project is administered by CALSTART – a national nonprofit consortium focused on building a prosperous, efficient and clean high-tech transportation industry – and has $125m in funding available, more than double the amount allocated to the project when it first launched in January 2020. https://splash247.com/california-offers-125m-in-incentives-for-zero-emission-equipment/
7. Congestion Causes Cargo ‘Seesaw’ at Ports of Savannah and Charleston
The sharp growth in the Southeast, where distribution centers have flourished, has led to continued growth in both ports. Recent gains for East Coast ports can be traced to the widending Panama Canal in 2016, which brought neo-Panamax containerships calling with Asian-sourced cargo. In the pandemic years, “supply chain disruptions” have replaced purely economic considerations, fueling even more growth for East Coast ports as more inbound cargo shifts to East and Gulf Coast ports, away from West Coast port (and intermodal) congestion.
https://gcaptain.com/congestion-causes-cargo-seesaw-at-ports-of-savannah-and-charleston/
8. President Biden Reveals Offshore Wind Plans for Gulf of Mexico
President Biden made the announcement during a speach announcing executive actions related to climate change. He spoke at a former coal-fired power plant in Brayton Point in Somerset, Massachusetts that will host a cable manufacturing facility for the nation’s first full-scale offshore wind farm, called Vineyard Wind. https://gcaptain.com/president-biden-reveals-offshore-wind-plans-for-gulf-of-mexico/
9. Cheniere inks 20+year LNG SPA with PetroChina
Cheniere Energy reported its wholly owned subsidiary Cheniere Marketing has inked a long-term LNG sale and purchase agreement (SPA) with a subsidiary of PetroChina that will see it buy 1.8M tonnes per year (mta) for more than 20 years https://www.rivieramm.com/news-content-hub/cheniere-inks-20year-lng-spa-with-petrochina-72096
10. Weak capesize rates weigh on Baltic index
The Baltic Exchange’s main sea freight index slipped on Wednesday, as losses in the capesize segment countered strength in the panamax and supramax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 32 points, or 1.5%, at 2,113 points. https://www.shippingtribune.com/news/shipping/Weak+capesize+rates+weigh+on+Baltic+index
