1. RightShip announces revised timeline for vessel inspection age trigger in collaboration with industry stakeholders. RightShip announced a revised timeline for implementing its vessel inspection age trigger, reducing the inspection threshold from 14 to 10 years through a four-phased approach. This update reflects extensive industry engagement and underscores RightShip’s commitment to a collaborative approach that balances the needs of working toward enhanced safety with practical considerations for the maritime community.
https://cyprusshippingnews.com/2024/12/12/rightship-announces-revised-timeline-for-vessel-inspection-age-trigger-in-collaboration-with-industry-stakeholders/
https://cyprusshippingnews.com/2024/12/12/rightship-announces-revised-timeline-for-vessel-inspection-age-trigger-in-collaboration-with-industry-stakeholders/
2. WISTA Cyprus celebrates a Landmark Year at its 12th Annual General Meeting. WISTA Cyprus successfully held its 12th Annual General Meeting (AGM) on November 28, 2024, marking the culmination of an extraordinary year filled with milestones and achievements.
https://cyprusshippingnews.com/2024/12/12/wista-cyprus-celebrates-a-landmark-year-at-its-12th-annual-general-meeting/
https://cyprusshippingnews.com/2024/12/12/wista-cyprus-celebrates-a-landmark-year-at-its-12th-annual-general-meeting/
3. Beyond fuels and technology: The human element in maritime decarbonisation. The maritime industry is at a pivotal moment in its decarbonisation journey. Over the past decade, the sector has transitioned from focusing solely on air pollutants like sulphur oxides to adopting comprehensive strategies for reducing greenhouse gas emissions. This evolution presents both significant challenges and transformative opportunities for stakeholders across the globe.
https://cyprusshippingnews.com/2024/12/12/beyond-fuels-and-technology-the-human-element-in-maritime-decarbonisation/
https://cyprusshippingnews.com/2024/12/12/beyond-fuels-and-technology-the-human-element-in-maritime-decarbonisation/
4. Changes to maritime law ‘reflect the ever-evolving needs of the seafarer’ Internet access for seafarers while at sea and strengthening requirements for a balanced, nutritious and varied diet could become maritime law in 2025.
These are two of the latest amendments proposed under the Maritime Labour Convention 2006 (MLC), upon which a consultation has now been launched, enabling you to find out more information and share your views.
https://cyprusshippingnews.com/2024/12/12/changes-to-maritime-law-reflect-the-ever-evolving-needs-of-the-seafarer/
https://cyprusshippingnews.com/2024/12/12/changes-to-maritime-law-reflect-the-ever-evolving-needs-of-the-seafarer/
5. Odfjell snaps up four leased tankers. Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals.
The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next 14 months, after taking advantage of three purchase options earlier this year.
https://splash247.com/odfjell-snaps-up-four-leased-tankers/
https://splash247.com/odfjell-snaps-up-four-leased-tankers/
6. MOL orders ammonia dual-fuel newcastlemaxes. Mitsui OSK Lines (MOL) has beefed up its orderbook with a new deal for newcastlemax bulk carriers in China.
Newbuilding brokers say the Japanese shipping giant has contracted four 210,000 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding for delivery in 2027 and 2028.
https://splash247.com/mol-orders-ammonia-dual-fuel-newcastlemaxes/
https://splash247.com/mol-orders-ammonia-dual-fuel-newcastlemaxes/
7. Dynacom linked to more suezmax orders. Greece’s Dynacom Tankers has been tied to another deal for suezmax newbuilds, but this time in China.
Brokers in Greece report George Procopiou’s company has signed a letter of intent for four 163,000 dwt ships at Chinese state-run Qingdao Beihai Shipbuilding.
https://splash247.com/dynacom-liked-to-more-suezmax-orders/
https://splash247.com/dynacom-liked-to-more-suezmax-orders/
8. Yellen: Soft Oil Market Opens Door to Squeeze Russia Further. The United States is continuing to look for creative ways to reduce Russia’s oil revenue and lower global demand for oil creates an opportunity for more sanctions, Treasury Secretary Janet Yellen said on Wednesday.The United States has been constantly tightening sanctions on Russia over the Ukraine war and Russia has invested a lot of its own fleet of ships to avoid a Western oil price cap, she said in an interview with Bloomberg Television.
https://gcaptain.com/yellen-soft-oil-market-opens-door-to-squeeze-russia-further/
https://gcaptain.com/yellen-soft-oil-market-opens-door-to-squeeze-russia-further/
9. Kawasaki Heavy Suspends Plan to Use Hydrogen From Aussie Coal. Kawasaki Heavy Industries has revised its Japan-Australia hydrogen supply chain demonstration project, suspending plans to use hydrogen derived from Australian brown coal and shrinking the size of the ships to be used.
https://gcaptain.com/kawasaki-heavy-suspends-plan-to-use-hydrogen-from-aussie-coal/
https://gcaptain.com/kawasaki-heavy-suspends-plan-to-use-hydrogen-from-aussie-coal/
10. U.S. Port Efficiency Rankings Spark Heated Debate as ILA-USMX Labor Negotiations Intensify. The International Longshoremen’s Association (ILA) leadership is challenging recent media narratives about U.S. port efficiency, as tensions escalate over port automation ahead of a critical January 2025 deadline.
https://gcaptain.com/u-s-port-efficiency-rankings-spark-heated-debate-as-ila-usmx-labor-negotiations-intensify/
https://gcaptain.com/u-s-port-efficiency-rankings-spark-heated-debate-as-ila-usmx-labor-negotiations-intensify/