1. Fleet Management: 30th anniversary celebrations get underway. Angad Banga, chief operating officer of The Caravel Group, was just 10 when his father, Harry, and firm friend Kishore Rajvanshy founded Fleet Management in Hong Kong back in 1994.
The Bangas and the Rajvanshys both had families of a similar age. “The shippies are getting together,” the younger Banga recounts, smiling, as he recalls ‘Uncle Kishore’ coming round regularly to his father’s house back in the 1990s.
https://splash247.com/fleet-management-30th-anniversary-celebrations-get-underway/
https://splash247.com/fleet-management-30th-anniversary-celebrations-get-underway/
2. Seaspan taps Hudong-Zhonghua for 13,600 teu series. Containership tonnage provider Seaspan has put pen to paper on six 13,600 teu newbuilds at Hudong-Zhonghua Shipbuilding.
The 336-m-long newbuilds will be fitted with scrubbers and energy-saving devices and be future fuel-ready. No value has been revealed; however, newbuilding sources had earlier suggested a price tag exceeding $180m per ship.
https://splash247.com/seaspan-taps-hudong-zhonghua-for-13600-teu-series/
https://splash247.com/seaspan-taps-hudong-zhonghua-for-13600-teu-series/
3. Shipping giants reinforce confidence in Gemini alliance service reliability ambitions. The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam yesterday to reinforce their confidence in the new alliance achieving its ambition of 90% service reliability.
https://cyprusshippingnews.com/2024/10/21/shipping-giants-reinforce-confidence-in-gemini-alliance-service-reliability-ambitions/
https://cyprusshippingnews.com/2024/10/21/shipping-giants-reinforce-confidence-in-gemini-alliance-service-reliability-ambitions/
4. UK blacklists 22 oil and LNG tankers in largest clampdown on shadow fleet. The UK government said Oct. 17 it has blacklisted 22 oil and LNG tankers involved in Russian energy trade, in its “largest package of sanctions to date” against shadow tankers.
https://cyprusshippingnews.com/2024/10/21/uk-blacklists-22-oil-and-lng-tankers-in-largest-clampdown-on-shadow-fleet/
https://cyprusshippingnews.com/2024/10/21/uk-blacklists-22-oil-and-lng-tankers-in-largest-clampdown-on-shadow-fleet/
5. LPG orders at a record high in 2024; will this momentum continue in 2025? LPG shipping has been facing several headwinds, including an oversupplied market and muted growth in the LPG and olefin trades. However, new ordering in 2024 has maintained its momentum.
https://cyprusshippingnews.com/2024/10/21/lpg-orders-at-a-record-high-in-2024-will-this-momentum-continue-in-2025/
https://cyprusshippingnews.com/2024/10/21/lpg-orders-at-a-record-high-in-2024-will-this-momentum-continue-in-2025/
6. China, Saudi Arabia top buyers of Russian fuel oil in September, LSEG data shows. China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in September, traders said and LSEG data showed on Thursday.
https://cyprusshippingnews.com/2024/10/21/china-saudi-arabia-top-buyers-of-russian-fuel-oil-in-september-lseg-data-shows/
https://cyprusshippingnews.com/2024/10/21/china-saudi-arabia-top-buyers-of-russian-fuel-oil-in-september-lseg-data-shows/
7. China launches first carbon-neutral Waterborne Green Service Area. On the banks of the Yangtze River, near the city of Jiangyin, China Marine Bunker , a subsidiary of COSCO SHIPPING, has embarked on a pioneering journey by launching the nation’s first “carbon-neutral” waterborne comprehensive service area. This innovative facility transcends being merely a service hub; it embodies a commitment to ecological preservation and serves as a sanctuary for mariners.
https://cyprusshippingnews.com/2024/10/21/china-launches-first-carbon-neutral-waterborne-green-service-area/
https://cyprusshippingnews.com/2024/10/21/china-launches-first-carbon-neutral-waterborne-green-service-area/
8. Diversification is vital in navigating the volatile waters of maritime investment. When it comes to financial investment, the maritime industry represents an exciting, diverse and fast transitioning market – and one full of opportunity.
The industry is currently grappling with much challenge and change; both from a geopolitical perspective, where world events are having a significant impact on supply chain operations, as well as from an environmental perspective, where the industry is under pressure to improve its sustainability credentials and meet ambitious 2050 decarbonisation targets to combat climate change.
https://splash247.com/diversification-is-vital-in-navigating-the-volatile-waters-of-maritime-investment/
https://splash247.com/diversification-is-vital-in-navigating-the-volatile-waters-of-maritime-investment/
9. Harrowing Tug Rescue Nearly Ends in Disaster Off Washington’s Coast. A dramatic rescue unfolded off the coast of La Push, Washington, on Friday as the Coast Guard and commercial tug crews raced against time to save the 130-foot tug Luther from running aground after it lost steering in rough seas.
https://gcaptain.com/harrowing-tug-rescue-nearly-ends-in-disaster-off-washingtons-coast/
https://gcaptain.com/harrowing-tug-rescue-nearly-ends-in-disaster-off-washingtons-coast/
10. Canadian Crude Oil Embarks on a Rare Tanker Trip to Alaska. A tanker of Canadian crude was shipped from Vancouver to Alaska for the first time in at least 10 years as the recently expanded Trans Mountain pipeline opens up new export opportunities.
https://gcaptain.com/canadian-crude-oil-embarks-on-a-rare-tanker-trip-to-alaska/
https://gcaptain.com/canadian-crude-oil-embarks-on-a-rare-tanker-trip-to-alaska/