1. Number of containers lost at sea falls, but safety risk remains
Based on data received over a 12-year period, the WSC has estimated that, on average, a total of 1,382 containers are lost at sea each year. However, in their latest update, published on 10 July 2020, they also confirmed that the three-year moving average is in decline. Indeed, the average yearly container losses reported from 2017 to 2019 was almost half the number of losses reported between 2014 and 2016, with an average of 779 containers lost per year. https://safetyatsea.net/news/2020/number-of-containers-lost-at-sea-falls-but-safety-risk-remains/
2. DP World tipped to buy out Shreyas Shipping and Logistics
Dubai-headquartered DP World is being tipped to buy Shreyas Shipping and Logistics and freight forwarder Avana Global Logistek. Shreyas has 13 Indian-flagged ships in its fleet and would represent the third feeder outlet DP World has bought in recent years, going alongside Scandinavian Unifeeder and Singapore’s Feedertech. https://splash247.com/dp-world-tipped-to-buy-out-shreyas-shipping-and-logistics/
3. India allows foreign seafarers to sign off at its ports
India’s directorate general of shipping ruled on Friday to allow foreign seafarers to sign off at Indian ports and then to take flights out of the country. The ruling relates to cargo ships, not cruise vessels. https://splash247.com/india-allows-foreign-seafarers-to-sign-off-at-its-ports/
4. 13 crew kidnapped from tanker off Benin
According to the ship’s manager Alison Management, 13 out of 19 Ukrainian and Russian crewmembers onboard the vessel have been taken hostage by the pirates. The ship was adrift with limited manpower following the attack. Nearby vessel Frio Chikuma sailed to the ship in an attempt to provide assistance. https://splash247.com/13-crew-kidnapped-from-tanker-off-benin/
5. Fleet clear-out at Doriko
This week South Korea’s Doriko is slashing its fleet significantly. Brokers note that the seven-ship strong outfit has let go of three out of five handysize bulkers to an undisclosed Vietnamese account, offloading the 35,100 dwt Great Ocean, Oriental Harmony and Polaris Melody. https://splash247.com/fleet-clear-out-at-doriko/
6. Dirty tanker markets face reality check after boom busts
The tanker markets experienced an extremely volatile second quarter as the coronavirus pandemic threw all oil-related markets off-kilter, with rates on some routes swiveling from record-highs to record-lows in just a matter of months. https://www.hellenicshippingnews.com/dirty-tanker-markets-face-reality-check-after-boom-busts/
7. Sky-high ocean shipping rates may have finally peaked
Ocean container rates remain exceptionally high but may have finally hit their ceiling. Spot rates have not only stopped rising, they’ve pulled back by single digits. Is this a new plateau or the start of a longer-term reversal as liner alliances bring more capacity back online?
https://www.hellenicshippingnews.com/sky-high-ocean-shipping-rates-may-have-finally-peaked/
8. Greece’s Piraeus Port Posts Positive Financial Results For 2019
The turnover of Piraeus Port Authority S.A (PPA) of Greece last year amounted to 149.2 million euros (170.4 million U.S. dollars) compared to 132.9 million euros in 2018, an increase of 12.3 percent, the company said on Friday. https://www.shippingtribune.com/news/shipping/Greece’s+Piraeus+port+posts+positive+financial+results+for+2019
9. Panama Continues To Make Efforts In Crew Changes Through Its Logistics Platform
Due to the pandemic caused by the coronavirus (COVID-19) since the end of March to date, the Panama Maritime Authority (AMP) has enabled more than 4,500 people (between passengers and crew) of various nationalities, including Panamanians, who were aboard ships such as passenger, cargo, fishing and yachts, within the waters of the Republic of Panama to return to their homes safely, in addition to having some 271 crew members able to embark. https://www.shippingtribune.com/news/shipping/Panama+Continues+To+Make+Efforts+In+Crew+Changes+Through+Its+Logistics+Platform
10. OOCL Cancels Raft Of Asia-Europe Sailings During Height Of Peak Season
HONG KONG’s Orient Overseas Container Line (OOCL), in response to low demand in the market, has announced a number of blank sailings on the Asia-Europe at the height of the peak season In the Asia-North Europe Service Loop 3, the westbound voyage with an ETA at Xiamen on August 5 in Week 32 will be cancelled as will the eastbound voyage with an ETA at Hamburg on September 8 in Week 37. https://www.shippingtribune.com/news/shipping/OOCL+cancels+raft+of+Asia-Europe+sailings+during+height+of+peak+season+
