1. Egypt is important for Danish Shipping. Significant issues are on the agenda for the Egyptian state visit to Denmark. For Danish shipping, particular focus is on the Suez Canal and the production of green fuels.
https://cyprusshippingnews.com/2024/12/09/egypt-is-important-for-danish-shipping/
https://cyprusshippingnews.com/2024/12/09/egypt-is-important-for-danish-shipping/
2. New BIMCO Clause on FuelEU Maritime. The aim of the new BIMCO clause is to provide the parties with different options for complying with the FuelEU Maritime Regulation, which will come into force in less than one month.
https://cyprusshippingnews.com/2024/12/09/new-bimco-clause-on-fueleu-maritime/
https://cyprusshippingnews.com/2024/12/09/new-bimco-clause-on-fueleu-maritime/
3. USGC crude exports ending the year on a high. US Gulf Coast crude exports have increased for three consecutive months now with flows directed towards Asia driving the increases. This has also led to increased STS operations in the Gulf Coast for November.
https://cyprusshippingnews.com/2024/12/09/usgc-crude-exports-ending-the-year-on-a-high/
https://cyprusshippingnews.com/2024/12/09/usgc-crude-exports-ending-the-year-on-a-high/
4. Global naphtha market faces correction, arbitrage offers hope. Commentary summary:
• Europe’s naphtha prompt timespread dives into deep contango.
• Physical market premiums turn negative in Asia and Europe.
• Arbitrage opportunities expand from Europe to Asia via Cape of Good Hope.
https://cyprusshippingnews.com/2024/12/09/global-naphtha-market-faces-correction-arbitrage-offers-hope/
https://cyprusshippingnews.com/2024/12/09/global-naphtha-market-faces-correction-arbitrage-offers-hope/
5. Mediterranean and Black Sea countries align on shared vision for sustainable aquaculture. Mediterranean and Black Sea countries align on shared vision for sustainable aquaculture in the Mediterranean and the Black Sea. Climate and economic resilience, governance, innovation, research, data collection and animal welfare are key pillars for the sustainable growth of aquaculture in the region.
https://cyprusshippingnews.com/2024/12/09/mediterranean-and-black-sea-countries-align-on-shared-vision-for-sustainable-aquaculture/
https://cyprusshippingnews.com/2024/12/09/mediterranean-and-black-sea-countries-align-on-shared-vision-for-sustainable-aquaculture/
6. How shipping needs to look up to the skies for cyber security solutions. SmartSea’s Simon Fotakis discusses his experience in aviation and how that sector is ahead of maritime when it comes to cyber security measures due to it already being classified critical infrastructure.
https://splash247.com/how-shipping-needs-to-look-up-to-the-skies-for-cyber-security-solutions/
https://splash247.com/how-shipping-needs-to-look-up-to-the-skies-for-cyber-security-solutions/
7. Höegh Autoliners secures new five-year car shipping deal. The client was not revealed but was described as a ‘major international car producer’. The transport of the vehicles, according to the company, will be done in two of its core trade lanes and begin on January 1, 2025. No financial details were revealed but the company only announces contracts worth over $100m.
https://splash247.com/hoegh-autoliners-secures-new-five-year-car-shipping-deal/
https://splash247.com/hoegh-autoliners-secures-new-five-year-car-shipping-deal/
8. Shadow VLCCs lined up for demolition. Splash reported on further sanctions aimed at Iran’s tanker fleet earlier this week, as well as news that China has started to ease imports of Iranian oil. Now broker Braemar is reporting two shadow fleet VLCCs are being pushed in the market for demolition. If they are scrapped they will be the first VLCCs to go to the breakers since 2022.
https://splash247.com/shadow-vlccs-lined-up-for-demolition/
https://splash247.com/shadow-vlccs-lined-up-for-demolition/
9. Rift Deepens Between The Philippines, China Over South China Sea. Relations between Manila and Beijing have soured under Philippine President Ferdinand Marcos Jr, with Manila pivoting back towards the United States which supports the Southeast Asian nation in its maritime disputes with China.
https://gcaptain.com/rift-deepens-between-the-philippines-china-over-south-china-sea/
https://gcaptain.com/rift-deepens-between-the-philippines-china-over-south-china-sea/
10. Disney’s Largest Cruise Ship Targets Asia With Marvel Superheroes. Tickets for a voyage on board Walt Disney Co.’s first Asia-based cruise ship go on sale next week, as the entertainment giant takes advantage of a tourism boom in Singapore to realize ambitious goals for its cruise business.
https://gcaptain.com/disneys-largest-cruise-ship-targets-asia-with-marvel-superheroes/
https://gcaptain.com/disneys-largest-cruise-ship-targets-asia-with-marvel-superheroes/