1. Nicolas Saverys in second attempt to take Exmar private. Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar.
https://splash247.com/nicolas-saverys-in-second-attempt-to-take-exmar-private/
2. Trading house STX Group buys Marine Olie for biofuels business growth. Dutch environmental commodity trader STX Group has acquired compatriot trader of waste-based advanced feedstocks Marine Olie for an undisclosed sum.The Amsterdam-based firm said the move would bolster its position in the biofuels value chain and support the company’s aim of becoming a globally leading trader in the integrated feedstocks-to-fuels-to-ticket markets.
https://splash247.com/trading-house-stx-group-buys-marine-olie-for-biofuels-business-growth/
3. BIMCO unpacks new FuelEU Maritime clause. On January 1, the FuelEU Maritime regulation will come into force. With this in mind, global shipping organisation BIMCO has released a FuelEU Maritime clause for time charter parties, which has been developed to help stakeholders align their contractual frameworks.
https://splash247.com/bimco-unpacks-new-fueleu-maritime-clause/
4. Coast Guard Suspends Search for Five Missing After Fishing Vessel Capsizes in Alaska. The U.S. Coast Guard has suspended its extensive 24-hour search for five missing people after their vessel, the Wind Walker, capsized near Couverden Point, Alaska.
“We stand in sorrow and solidarity with the friends and family of the people we were not able to find over the past 24 hours,” said Chief Warrant Officer James Koon, search and rescue mission coordinator at Coast Guard Sector Southeast Alaska.
https://gcaptain.com/coast-guard-suspends-search-for-five-missing-after-fishing-vessel-capsizes-in-alaska/
5. Norden pounces on five leased ships and signs up for bulker newbuilds. Denmark’s Norden has seized the opportunity to bolster its owned fleet by five ships and signed to lease a fresh pair of bulker newbuildings as two older capesize units are being lined up for the new owner.
https://splash247.com/norden-pounces-on-five-leased-ships-and-signs-up-for-bulker-newbuilds/
6. Philippines Sends Ships to Reef After China ‘Harassment’The Philippines said a Chinese Navy chopper harassed Filipino fishing boats at a disputed South China Sea reef, showing lingering tensions in the key waterway.
The Philippine Coast Guard sent two ships to Iroquois Reef to ensure the fishermen’s safety after receiving footage of the encounter, according to spokesman Jay Tarriela. He posted images on X which he said “captured the harassment of Filipino fishing vessels” by a People’s Liberation Army Navy helicopter.
https://gcaptain.com/philippines-sends-ships-to-reef-after-china-harassment/
7. The price sensitivity of efficiency in shipping. Do higher fuel prices lead to greener shipping behaviour?Energy efficiency and decarbonisation
Many policy-makers in the European Union (EU) and the International Maritime Organization (IMO) argue that the higher prices that result from emissions pricing and fuel standards will lead to energy efficiency improvements and emissions reduction. There is, however, no consensus in scientific literature that real-world evidence validates this claim.
https://cyprusshippingnews.com/2024/12/04/the-price-sensitivity-of-efficiency-in-shipping/
8. Falling average speeds and utilisation rates underscore LNG vessel oversupply, bringing freight prices to atypical lows. LNG freight prices have been trending lower this year as strong fleet growth outpaced liquefaction capacity additions. 52 newbuild carriers joined the fleet year to date, nearly double the number of deliveries in the same period last year. In contrast, new liquefaction capacity has been limited, with only 5.8 mtpa of additions in 2024.
https://cyprusshippingnews.com/2024/12/04/falling-average-speeds-and-utilisation-rates-underscore-lng-vessel-oversupply-bringing-freight-prices-to-atypical-lows/
9. Floating LNG import terminals face cost, climate, and energy security risks in Asia. South and Southeast Asia are expected to be the largest growth markets for liquefied natural gas (LNG) over the next two decades, but LNG import projects have often faced extensive delays. To expedite growth in these key regions, the LNG industry has promoted floating LNG import terminals as quicker, cheaper options than larger onshore facilities.
https://cyprusshippingnews.com/2024/12/04/floating-lng-import-terminals-face-cost-climate-and-energy-security-risks-in-asia/
10. All eyes on China. Commentary summary:
• All told there is less temptation to be short crude with risks mounting against sanctioned crude barrels.
• Light sweet and medium-heavy crude still divergent; there is too much of the latter and presumably the two will converge at some stage.
https://cyprusshippingnews.com/2024/12/04/all-eyes-on-china/