Clydebank Declaration for Green Shipping Corridors

15 Sep 2022 News

At the COP26 Conference held in Glasgow held in 2021, agroup of 19 countries agreed to work together to create zero emission shipping corridors. The declaration was known as the Clydebank Declaration for Green Shipping Corridors. The Mission Statement reads as follows:

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Ukraine’s Grain Exports Face Several More Hurdles

15 Aug 2022 News

The July agreement between Russia and Ukraine which was mediated by Turkey and the office of the U.N. Secretary General was intended to kick start a resumption of Ukrainian grain exports from the ports of Odesa, Chernomorsk and Pivdennyi which collectively accounted for about half of the country’s grain exports in the 2020-21 season. In this we must be hopeful for success, however there are several hurdles remaining.

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Oyster Bay – Supramax bulk carrier

Owned and operated by Pacific Basin Shipping of Hong Kong, Oyster Bay is representative of a fleet of 120 Supramax bulk carriers both owned and operated by the company. The Supramax segment is generally accepted to be vessels in the range of 52-58,000 tonnes deadweight.

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Courtesy APM Terminals Port of Los Angeles

U.S. Enacts Ocean Shipping Reform Act

15 Jul 2022 News

Last month, President Biden signed into law the Ocean Shipping Reform Act of 2022 on the grounds of the need to reign in the international container shipping industry which is accused of contributing to U.S. inflation through increased freight rates. At the same time the sponsors are responding to lobbying by U.S. exporters who have been struggling to access container capacity at what they consider to be a reasonable price.

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Tern Island – Product Tanker

In February this year, the newbuild chemical tanker Tern Island performed what is believed to have been the first zero-emissions port operation by a tanker. The vessel relied exclusively on a combination of batteries and shore power provided by the Port of Gothenburg.

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Sri Lanka – A Trading Crossroads Suffers Melt Down

16 May 2022 News

The economic crisis currently impacting Sri Lanka is sad to witness but has been brewing for some time. The port of Colombo, strategically positioned between the southern tip of India and the northern entrance to the Straits of Malacca was until recently a relatively stable trading hub, bustling with activity, for vessels trading back and forth between Europe and the Far East. Anyone who has visited will attest to the fact that Ceylon as it was previously known was about as close to a prosperous tropical paradise as you could get – anyone else remember swimming in the pool at the historic Mount Lavinia Hotel? Following the granting of a bloody independence to India in 1947, Ceylon followed in 1948 which in stark contrast was an entirely peaceful transition. Not until 1972 was the name Sri Lanka adopted as the country sought to shake off its colonial legacy.

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Celebrity Beyond

Recently completing her maiden voyage from Southampton to Barcelona was Celebrity Beyond, the third in a series of five new Edge Class cruise ships built for Celebrity Cruises, a division of the Royal Caribbean Group. She is now home ported in Barcelona for the 2022 summer season before repositioning to Fort Lauderdale for the winter.

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