1. Marine-Fields Holding expands its presence in Germany
Marine-Fields Holding Ltd announced the acquisition of BM Bergmann Marine GmbH. The transaction, which was completed in Hamburg on 27th of January 2023, is a formal validation of the close and successful cooperation between the two companies over the past few years. The two innovative organisations join forces to create a leading team of marine services and solutions. https://cyprusshippingnews.com/2023/03/10/marine-fields-holding-expands-its-presence-in-germany/
2. IWD: An Interview with India’s First and Only Woman Marine Pilot, Reshma Nilofer Visalakshi MNI
She is not only India’s first woman marine pilot, she is India’s only woman marine pilot, and one among an elite few women River Pilots in the world.Reshma qualified as a fully-fledged Pilot in 2018 and has gone on to sailing onboard some of the world’s largest vessels, to being awarded the Highest Civilian Award by the Government of India, which was presented to her by President Ram Nath Kovind in 2019. https://cyprusshippingnews.com/2023/03/10/iwd-an-interview-with-indias-first-and-only-woman-marine-pilot-reshma-nilofer-visalakshi-mni/
3. World’s first large-scale direct air capture plant in Texas to use Siemens Energy equipment
Siemens Energy compressors will be used at Occidental’s first large-scale Direct Air Capture (DAC) plant in Texas’ Permian Basin developed by 1PointFive, a subsidiary of Occidental. The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational. https://cyprusshippingnews.com/2023/03/10/worlds-first-large-scale-direct-air-capture-plant-in-texas-to-use-siemens-energy-equipment/
4. Navarino and Cobham Satcom enhance strategic partnership
Navarino, one of the maritime industry’s most advanced communications and connectivity companies and Cobham Satcom, the leading provider of radio and satellite communication (satcom) solutions to the global maritime and land mobile sectors have extended their strategic partnership based on integration of next generation SAILOR XTR antennas with Navarino’s global connectivity services. https://cyprusshippingnews.com/2023/03/10/navarino-and-cobham-satcom-enhance-strategic-partnership/
5. Korean Shipbuilding Industry takes 74% of Global Ship Orders in Feb returning to 1st Place
Korea returned as the world’s No. 1 country by beating China in competition for taking ship orders in February. Global ship orders came in at 2.1 million CGT in February, said Clarkson Research, a British shipbuilding and shipping market analysis agency on March 7. By country, Korea claimed the first spot by winning orders for 1.56 million CGT , surpassing China which received orders for 170,000 CGT . https://cyprusshippingnews.com/2023/03/10/korean-shipbuilding-industry-takes-74-of-global-ship-orders-in-feb-returning-to-1st-place/
6. BW Offshore and SwitchH2 develop green ammonia floater concept
The so-called NH3 FPSO concept is expected to be built through the conversion of an existing very large crude carrier or a dedicated newbuild vessel. The wind-powered unit will produce hydrogen by electrolysis of seawater and nitrogen through the use of an air separation unit, combining these in an ammonia synthesis unit. https://splash247.com/bw-offshore-and-switchh2-develop-green-ammonia-floater-concept/
7. UN buys Euronav VLCC as operation to move oil from decaying FSO gets moving
The United Nations Development Programme (UNDP) has found a solution of sorts to a pressing environmental concern off the coast of Yemen. The UN body yesterday signed an agreement with Euronav, paying $55m for a VLCC as part of a UN-coordinated operation to remove more than one million barrels of oil from a decaying FSO that threatens a humanitarian and environmental catastrophe. https://splash247.com/un-buys-euronav-vlcc-as-operation-to-move-oil-from-decaying-fso-gets-moving/
8. DP World To Install First High-Bay Container Storage System at Pusan Terminal
Global port operator DP World has announced the first commercial installation of its innovative BOXBAY high-bay storage system at its container terminal in Pusan, South Korea. Known as BOXBAY, the system is an intelligent High Bay Storage (HBS) system developed by DP World and industrial engineering specialists, SMS Group, through their joint venture Boxbay FZCO, which was established in 2016. The system allows for the storage and retrieval of containers from bays up to eleven stories high, maximizing space and increasing handling speed, energy efficiency, and safety, while reducing operating costs. https://gcaptain.com/dp-world-at-install-first-high-bay-container-storage-system-at-pusan-terminal/
9. Over The South China Sea, Dispute Simmers Via Radios And Rhetoric
As a Philippine coast guard aircraft flew over the disputed Spratly islands in the South China Sea on Thursday, a message came in over the radio telling it to immediately leave “Chinese territory.” Such warnings, from a Chinese coast guard ship, have become an almost daily ritual around one of the world’s most contested archipelagos, where China is one of five countries claiming the strategic islands – or at least some of them – as their own. https://gcaptain.com/over-the-south-china-sea-dispute-simmers-via-radios-and-rhetoric/
10. Baltic index climbs to 11-week high, led by capesizes
The Baltic Exchange’s main sea freight index rose to an 11-week high on Thursday as rates across larger vessel segments extended gains, led by capesize vessel segment. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 52 points, or about 4%, at 1,379. https://www.shippingtribune.com/news/shipping/Baltic+index+climbs+to+11-week+high%2C+led+by+capesizes
