1. Euroseas announces 2-year hcarter contract extension for its feeder containership, M/V EM Hydra. Euroseas , an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced a new time charter contract for its 1,740 teu feeder containership, M/V EM Hydra for a minimum period of 24 to a maximum period of 26 months, at the option of the charterer, at a gross daily rate of $19,000, in direct continuation of its current charter. The new charter period is expected to commence on May 1, 2025.
https://cyprusshippingnews.com/2025/02/14/euroseas-announces-2-year-hcarter-contract-extension-for-its-feeder-containership-m-v-em-hydra/
https://cyprusshippingnews.com/2025/02/14/euroseas-announces-2-year-hcarter-contract-extension-for-its-feeder-containership-m-v-em-hydra/
2. Port of Riga has welcomed MSC INGRID – its largest container ship to date. MSC INGRID – the largest container ship in the history of the port (length -294.06 m, beam -32.25 m, capacity – 53 208 GT) – has been handled in the Port of Riga recently.
The vessel is operated by the Swiss-based international company MSC (Mediterranean Shipping Company), which has included the Port of Riga in its regular container line route.
https://cyprusshippingnews.com/2025/02/14/port-of-riga-has-welcomed-msc-ingrid-its-largest-container-ship-to-date/
https://cyprusshippingnews.com/2025/02/14/port-of-riga-has-welcomed-msc-ingrid-its-largest-container-ship-to-date/
3. HHLA and ver.di sign collective agreement. Hamburger Hafen und Logistik Aktiengesellschaft and the trade union ver.di have concluded a social and change collective agreement. With this agreement, the company and its employees receive binding legal and planning security for the implementation of transformation projects. This will strengthen the competitive edge of HHLA and secure jobs in the Port of Hamburg over the long term.
https://cyprusshippingnews.com/2025/02/14/hhla-and-ver-di-sign-collective-agreement/
https://cyprusshippingnews.com/2025/02/14/hhla-and-ver-di-sign-collective-agreement/
4. Continued modernisation of Hamburg’s fleet. The Hamburg fleet had two reasons to celebrate in Estonia: the new pilot transfer vessel HAMBURG PILOT 3 was successfully launched and is about to be delivered. At the same time, construction of the HAMBURG PILOT 4 started at the Estonian shipyard ‘Baltic Workboats AS’. Both vessels will replace the existing pilot vessels LOTSE 3 and LOTSE 4, further strengthening the environmentally friendly modernisation of the Hamburg fleet.
https://cyprusshippingnews.com/2025/02/14/continued-modernisation-of-hamburgs-fleet/
https://cyprusshippingnews.com/2025/02/14/continued-modernisation-of-hamburgs-fleet/
5. Container spot rates slide to 2023 lows. The container sector is heading into its normal post-Lunar New Year lull that typically lasts until April/May. The scale of the drops in spot rates is large, but the sector still remains one of the more profitable shipping sectors.
The weekly Drewry World Container Index slumped 5% to $3,095 per feu yesterday. However, the index was 118% higher than the 2019 pre-pandemic average of $1,420.
https://splash247.com/container-spot-rates-slide-to-2023-lows/
https://splash247.com/container-spot-rates-slide-to-2023-lows/
6. Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt. The United States Navy announced on Thursday that an investigation was underway after the nuclear-powered USS Harry S Truman aircraft carrier was involved in a collision with a Panamanian-flagged bulk carrier in the Mediterranean Sea.
The accident happened late on Wednesday night near Egypt’s Port Said.
https://splash247.com/bulk-carrier-collides-with-american-nuclear-powered-aircraft-carrier-off-egypt/
https://splash247.com/bulk-carrier-collides-with-american-nuclear-powered-aircraft-carrier-off-egypt/
7. Seafarer salaries and retention rates on the rise. Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers’ Survey by Danica Crewing Specialists has revealed.
In its survey of in-house crew managers in shipowning and shipmanagement companies, almost 90% reported that they had increased salaries in 2024. Only 7% said they had not raised crew wages over the past year. Companies were more generous too – with increases above those reported in the 2023 survey, except for junior ratings.
https://splash247.com/seafarer-salaries-and-retention-rates-on-the-rise/
https://splash247.com/seafarer-salaries-and-retention-rates-on-the-rise/
8. How the IMO’s Carbon Intensity Indicator could halve shipping’s climate emissions. Ahead of a big green meeting at the International Maritime Organization next week, John Maggs from the Clean Shipping Coalition writes on how getting a global fuel standard and levy over the line will set us up for the future.The international shipping sector provides an outsized and growing contribution to the climate crisis. Slower, more efficient ships can help slash climate emissions, but this will not happen without ambitious regulation.
https://splash247.com/how-the-imos-carbon-intensity-indicator-could-half-shippings-climate-emissions/
https://splash247.com/how-the-imos-carbon-intensity-indicator-could-half-shippings-climate-emissions/
9. EU In Talks To Fund Fleet To Repair Damaged Subsea Cables. The European Union is mulling a public-private initiative worth “hundreds of millions” of euros to buy ships that can promptly repair subsea cables in case of damage or sabotage, the bloc’s tech chief said.
https://gcaptain.com/eu-in-talks-to-fund-fleet-to-repair-damaged-subsea-cables/
https://gcaptain.com/eu-in-talks-to-fund-fleet-to-repair-damaged-subsea-cables/
10. Western Australia’s Ports Reopen After Tropical Cyclone Zelia. Western Australia’s ports of Dampier and Varanus Island reopened, the ports’ operator said, after Tropical Cyclone Zelia hit the state’s Pilbara iron ore region on Friday.Pilbara Ports said on its website late on Friday that the ports, a gathering and processing hub for oil and gas, reopened after being shut on Thursday evening as Zelia, the most severe storm to hit the Pilbara coast since Cyclone Ilsa in April 2023, approached.
https://gcaptain.com/western-australias-ports-reopen-after-tropical-cyclone-zelia/
https://gcaptain.com/western-australias-ports-reopen-after-tropical-cyclone-zelia/