1. New office will strengthen V.’s presence in the region and bring technical management closer to customers and commercial activities in India. V.Group (“V.”), the global ship manager and marine services provider, has opened an expanded office in Chennai, India, strengthening V.’s ability to engage with both customers and seafarers in the region.
https://cyprusshippingnews.com/2024/10/10/v-opens-expanded-office-in-chennai-bolstering-organisations-presence-in-india/
https://cyprusshippingnews.com/2024/10/10/v-opens-expanded-office-in-chennai-bolstering-organisations-presence-in-india/
2. Hong Kong Chamber of Shipping launched to boost Hong Kong’s status as int’l shipping hub. The Hong Kong Chamber of Shipping was officially established on Monday with an aim to shore up Hong Kong’s status as an international shipping hub.
Addressing a launch reception, Leung Chun-ying, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, who is also a founder member and adviser of the newly established industry body, said that the institutional advantage of the “one country, two systems” underpins and constitutes the unique edge of Hong Kong’s shipping sector.
https://cyprusshippingnews.com/2024/10/10/hong-kong-chamber-of-shipping-launched-to-boost-hong-kongs-status-as-intl-shipping-hub/
https://cyprusshippingnews.com/2024/10/10/hong-kong-chamber-of-shipping-launched-to-boost-hong-kongs-status-as-intl-shipping-hub/
3. Danica and IMEQ collaborate for safety and wellbeing. Danica Crewing Specialists has partnered with the Innovative Maritime Emotional Intelligence Centre to offer a comprehensive service which will help Danica’s ship owners to enhance safety through monitoring the mental health and wellbeing of their seafarers and taking proactive measures to address any areas of concern.
https://cyprusshippingnews.com/2024/10/10/danica-and-imeq-collaborate-for-safety-and-wellbeing/
https://cyprusshippingnews.com/2024/10/10/danica-and-imeq-collaborate-for-safety-and-wellbeing/
4. World Bank guide to setting up and operating a Port Community System is launched. Time, as they say, is money, and nowhere is this truer than in the increasingly competitive arena of international trade. Imagine waiting for days just to get cargo clearances while your perishable cargo is being ruined and your clients complain.
https://cyprusshippingnews.com/2024/10/10/world-bank-guide-to-setting-up-and-operating-a-port-community-system-is-launched/
https://cyprusshippingnews.com/2024/10/10/world-bank-guide-to-setting-up-and-operating-a-port-community-system-is-launched/
5. BIMCO Shipping Number of the Week. Guyana’s oil exports jump 58
“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
https://cyprusshippingnews.com/2024/10/10/bimco-shipping-number-of-the-week-54/
https://cyprusshippingnews.com/2024/10/10/bimco-shipping-number-of-the-week-54/
6. 44% of record global liner orderbook is replacement tonnage. Today’s containership orderbook is the largest it has ever been in terms of teu capacity. Helping put some perspective to the newbuild avalanche, analysts at Alphaliner have identified just how much of the ships on order are needed as fleet replacement with Maersk notably behind its peers when it comes to rejuvenating its ageing fleet.
https://splash247.com/44-of-record-global-liner-orderbook-is-replacement-tonnage/
https://splash247.com/44-of-record-global-liner-orderbook-is-replacement-tonnage/
7. LNG roars back as leading alternative fuel. LNG as shipping’s preeminent alternative fuel continues to make waves, both in terms of newbuild contracts as well as from its fierce opponents.Lobby group SEA-LNG has announced this week that active LNG-fuelled vessels now account for more than 2% of the global shipping fleet. Once the orderbook is taken into account, this number increases to 4% by vessel numbers or 6% by deadweight tonnage (dwt).
https://splash247.com/lng-roars-back-as-leading-alternative-fuel/
https://splash247.com/lng-roars-back-as-leading-alternative-fuel/
8. Singapore to make digital bunkering mandatory from next April. The world’s largest bunkering event, SIBCON, is underway in Singapore, the dominant global bunkering hub, with delegates getting an idea of how this part of the shipping business is about to get the digital treatment. Singapore will be the first port globally to implement digital bunkering at scale for all bunkering operations, the country’s senior transport minister, Dr Amy Khor, revealed at the show today.
https://splash247.com/singapore-to-make-digital-bunkering-mandatory-from-next-april/
https://splash247.com/singapore-to-make-digital-bunkering-mandatory-from-next-april/
9. Shipping To Hawaii: Unpacking The Islands Maritime Supply Chain. In the United States, the Jones Act is an explosive topic, drawing fierce debate between supporters in the U.S. Merchant Marine and well-funded lobbyists on one side, libertarian think tanks like the Cato Institute on the other, and many in-between calling for reform. We won’t dive into the Jones Act aspect of this video today, but we’re sharing it because it takes a deep dive into a topic that’s often overlooked: the complex logistics behind supplying Hawaii.
https://gcaptain.com/shipping-to-hawaii-unpacking-the-islands-maritime-supply-chain/
https://gcaptain.com/shipping-to-hawaii-unpacking-the-islands-maritime-supply-chain/
10. FEMA Fumbles Again: Naval Resources Left Idle in Hurricane Milton Response. As another intense storm barrels down upon us—this time Milton, a hurricane of record-breaking intensity heading directly for Florida—it’s time to confront a harsh reality: FEMA’s disaster response system is fundamentally flawed. Time and again, we’ve witnessed the same predictable cycle: relief supplies positioned directly in the path of impending storms, vital maritime assets called into action far too late, and the underutilization of the U.S. Army’s robust watercraft and Department of Transportation’s disaster relief fleet.
https://gcaptain.com/hurricane-milton-fema-fumbles-again-naval-resources-left-idle-florida-storm-response/
https://gcaptain.com/hurricane-milton-fema-fumbles-again-naval-resources-left-idle-florida-storm-response/