1. Challenge begins to deliver $3bn Clean Ports Program. The green technology market is set to become more competitive and expensive now nearly $3billion of federal Clean Ports Program funding has been awarded, according to leading sustainability consultancy Tunley Environmental.
https://cyprusshippingnews.com/2024/11/01/challenge-begins-to-deliver-3bn-clean-ports-program/
https://cyprusshippingnews.com/2024/11/01/challenge-begins-to-deliver-3bn-clean-ports-program/
2. Monjasa expands into new offshore US Gulf operations. Global top 10 marine fuels supplier, Monjasa, expands further into the US Gulf, following five years of maritime operations in the Port of Houston.
As part of this new operation, Monjasa has agreed charter terms for the tanker, MT Stenheim (16,626 dwt), with immediate effect.
https://cyprusshippingnews.com/2024/11/01/monjasa-expands-into-new-offshore-us-gulf-operations/
https://cyprusshippingnews.com/2024/11/01/monjasa-expands-into-new-offshore-us-gulf-operations/
3. Britannia P&I Club win Initiative Award. Britannia P&I Club has been awarded the 2024 Safety4Sea Initiative Award, recognising its loss prevention insight reports that support safer and more sustainable shipping practices worldwide. This award comes amid tough competition from other industry leaders, highlighting the Club’s commitment to excellence in safety and sustainability.
https://cyprusshippingnews.com/2024/11/01/britannia-pi-club-win-initiative-award/
https://cyprusshippingnews.com/2024/11/01/britannia-pi-club-win-initiative-award/
4. AD Ports Group and Somali Ministry of Fisheries & Blue Economy sign MoU for maritime sector development. AD Ports Group, a leading facilitator of global trade, logistics, and industry, signed a Memorandum of Understanding with the Somali Ministry of Fisheries & Blue Economy to explore the possibility of jointly investing and developing the nation’s fisheries, ports, and maritime sectors.
https://cyprusshippingnews.com/2024/11/01/ad-ports-group-and-somali-ministry-of-fisheries-blue-economy-sign-mou-for-maritime-sector-development/
https://cyprusshippingnews.com/2024/11/01/ad-ports-group-and-somali-ministry-of-fisheries-blue-economy-sign-mou-for-maritime-sector-development/
5. Baltic Exchange partners with Moody’s to launch a Know-Your-Customer data platform for the maritime sector. Baltic Exchange has launched a Know-Your-Customer platform to give the maritime sector greater access to company data to support informed decision making and meet increased regulatory obligations.
KYC is a regulatory requirement in the banking and financial services sectors to ensure businesses do their due diligence on customers to prevent fraud, money laundering, and terrorism financing.
https://cyprusshippingnews.com/2024/11/01/baltic-exchange-partners-with-moodys-to-launch-a-know-your-customer-data-platform-for-the-maritime-sector/
https://cyprusshippingnews.com/2024/11/01/baltic-exchange-partners-with-moodys-to-launch-a-know-your-customer-data-platform-for-the-maritime-sector/
6. European Space Agency leads port call optimisation project. The European Space Agency (ESA) has initiated a new project, Decarbonization through the Digitalization in Shipping (DECARDIS), together with optimisation platform company Awake.AI, technology leader ABB and shipping company Wallenius Marine. The consortium, funded by ESA and led by Awake.AI, will collaborate on a port call optimisation solution, which focuses on helping ships cut greenhouse gas emissions by overcoming inefficiencies in the ship-port interaction.
https://splash247.com/european-space-agency-leads-port-call-optimisation-project/
https://splash247.com/european-space-agency-leads-port-call-optimisation-project/
7. Steps and missteps in automating container terminals. Introducing robotics in container terminals gives rise to emotions, questions, and sometime violent resistance from employees fearing either reduction in their work or a complete loss of employment. Though in reality, automation will progress and it will greatly affect how we operate modern container terminals.
https://splash247.com/steps-and-missteps-in-automating-container-terminals/
https://splash247.com/steps-and-missteps-in-automating-container-terminals/
8. Barge involved in Keelung port crane collapse wrecked off Taiwan. The China-registered barge Yu Zhou Qi Hang, which knocked down a quay crane at Keelung Port in Taiwan two weeks ago, lost its ability to navigate due to severe weather and heavy load and was abandoned as a result.
https://splash247.com/barge-involved-in-keelung-port-crane-collapse-wrecked-off-taiwan/
https://splash247.com/barge-involved-in-keelung-port-crane-collapse-wrecked-off-taiwan/
9. How the U.S. Election Could Reshape Container Shipping. As the U.S. presidential election nears, Simon Heaney, Senior Manager of Container Shipping at Drewry, has provided insight into how each candidate’s approach to trade and economic policies could influence global container shipping dynamics.
https://gcaptain.com/how-the-u-s-election-could-reshape-container-shipping/
https://gcaptain.com/how-the-u-s-election-could-reshape-container-shipping/
10. ONE Reports Staggering 1000% Profit Surge Amid Global Shipping Challenges. Ocean Network Express (ONE), the world’s sixth-largest ocean carrier by capacity, reported robust financial results for its second quarter of FY2024 (July to September). The company’s revenue soared to $5.9 billion, marking a 65% year-over-year increase. Even more impressive, ONE’s net profit skyrocketed to $2 billion—a staggering 1000% jump from the same period last year.
https://gcaptain.com/one-reports-staggering-1000-profit-surge-amid-global-shipping-challenges/
https://gcaptain.com/one-reports-staggering-1000-profit-surge-amid-global-shipping-challenges/