10 Maritime Predictions for 2022
2021 was a faltering bounce back from 2020…. but it did allow many new ideas and approaches to be reviewed.
The maritime connectivity and offshore energy sectors were forced to take stock and plan for leaner, more eco-friendly systems. This has not yet been reflected widely in new orders. The UNCTAD Review of Maritime Transport 2021 suggests that while mandatory requirements such as ballast water treatment are included in all new-builds, modern eco-engines comprise just 25% of orders and energy-saving-systems comprise less than 15%. Both the maritime sectors and the offshore energy sectors tend to be rather slow in adopting new measures. It is only when financial implications make change desirable that they truly adopt forward-thinking policies. FULL STORY
LNG, Coal Lead 2021 Commodities Rally as Markets Eye Covid-19 for Next Move
Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns.
Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues to recover, although similar price jumps are unlikely, analysts and traders say. “2021 has been characterised by a huge broad-based rally,” said Jeffrey Halley, a senior analyst at brokerage OANDA. “Although I believe commodity prices will remain robust, I believe the rebound in 2020 and the rally of 2021 will be exceptional years and as such I am not anticipating the same level of gains in the year ahead.” FULL STORY
Maritime Union Calls for Rush on Rapid Tests before ‘The Goods Stop’
Source: Chris O’Keefe (4bc.com.au)
Unions are warning rapid antigen tests need to be made available to workers as soon as possible to avoid supply shortages.
Coronavirus sweeping through the port workers is slowing the supply chain and poses the threat of bringing the industry to a complete standstill. Maritime Union of Australia Deputy Secretary Paul Garrett told Chris O’Keefe if the issue isn’t addressed, it could have massive repercussions. FULL STORY and AUDIO
Australia’s Labor Party Revives Call for a National Shipping Fleet
The Australian Labor Party has revived plans for the creation of an Australian flagged “strategic fleet” of at least 12 ships to shield the country from supply chain disruption, especially during times of natural disaster or international conflict. The opposition leader and head of the Labor party, Anthony Albanese, said Monday that the creation of the fleet should be guided by a taskforce, which would determine the number and mix of vessels required. The vessels could include tankers, cargo, container and ro/ro ships. While the fleet would be privately owned, the Australian Defense Force could requisition it in times of need. FULL STORY
Supply Chain Crisis Tipped to Stretch into 2022
Source: Frank Chung (News.com.au)
If you thought the shipping crisis was over, think again. As we head into 2022, Aussies should brace for longer delays, fewer products and rising prices.
As we head into 2022, Aussies should brace for longer delays, fewer products and rising prices affecting everything from groceries and clothing to appliances, electronics and cars, experts say. “The bottom line is prices are going to continue to rise to levels never seen before,” said Jackson Meyer, chief executive of freight forwarding company Versus Global. All of this will come amid rising consumer demand as Covid-19 lockdowns and restrictions ease. FULL STORY
Australia Extends La Nina Weather Forecast
Australia's Bureau of Meteorology (BoM) forecasts the La Nina weather pattern bringing wetter weather to north and east Australia to extend into March, increasing the potential for disruption to coal, iron ore, LNG and agricultural exports.
The BoM expects the La Nina weather pattern to continue into the autumn, which start on 1 March in Australia, rather than petering out in the late southern hemisphere summer. The extension is because of a positive feedback loop that has developed between atmospheric and oceanic weather patterns in the eastern tropical Pacific, according to the BoM. La Nina increases the likelihood of a wetter than average November-April in east and north Australia, as well as adding to the possibility of above average cyclone activity in Australia's cyclone-prone areas of northern Western Australia (WA), Queensland and the Northern Territory in the first half of 2022. FULL STORY
Port of Newcastle Hits 100% Renewable Energy Milestone
The Australian Port of Newcastle has entered the New Year powered 100% by renewable energy.
The deep water global trade gateway has partnered with green energy supplier Iberdrola to secure a retail Power Purchase Agreement (PPA) that provides the Port with Large Scale Generation Certificates that have direct linkages with the Bodangora Wind Farm in the Orana Region of New South Wales. Craig Carmody, the port’s CEO, commented, “In achieving 100% renewable energy at Port of Newcastle we are showing tangible evidence of just how committed we are to driving sustainability in every aspect of our business. FULL STORY
Port of Newcastle Completes Upgrade of Carrington’s Tippler Footbridge
Picnics as Port of Newcastle Completes Once in Half Century Upgrade of Carrington’s Iconic Tippler Footbridge.
New Year’s Eve revellers and summer picknickers will be able to again enjoy the Carrington Foreshore along Newcastle Harbour following the completion of a once in half-a-century upgrade to the locally-loved Tippler Footbridge, which connects Carrington to an extensive greenspace area alongside Newcastle Harbour. FULL STORY
Report finds Diversification in Grain Port Providers, Exporter Numbers Down
Source: Gregor Heard (FarmOnline.com.au)
AN AUSTRALIAN Competition and Consumer Commission report has found the Australian grain export supply chain is more diverse than ever before in terms of port providers but that there are less companies exporting grain.
The Bulk Grains Monitoring Report found new grain export ports achieved their highest market share of Australian grain exports, reducing the market share of long established incumbent ports, the majority held by Australia's 'Big Three' exporters, GrainCorp, Viterra and CBH. The trend was most noticeable on the east coast, where GrainCorp has its network and SA, where Viterra is the dominant player. FULL STORY
Port of Rotterdam to Explore Green Hydrogen with Tasmania
The Tasmanian Liberal Government has signed a Memorandum of Understand (MoU) with the Port of Rotterdam focusing on green hydrogen.
The agreement will see both parties work together to investigate the feasibility of future exports of green hydrogen from Bell Bay to the Port of Rotterdam in the Netherlands. Tasmania has already outlined its goal of becoming an exporter of the clean fuel by 2027 and has already lodged a funding submission for Bell Bay to be a renewable hydrogen hub as part of the Australian Government’s $464 million regional program. FULL STORY
Close to 100kg of Meth Reportedly Found Stuffed in Pillows Stopped at Fremantle Port
Source: Kenith Png (abc.net.au)
Three men faced court Wednesday, charged over an alleged plot to import almost $100 million worth of methamphetamine into Western Australia, hidden in pillows.
The West Australian men were arrested on December 30 as part of a joint agency investigation between the Australian Federal Police and Australian Border Force. ABF officers in Fremantle reportedly found the drugs hidden in a 550kg shipment of latex bed pillows on December 17. Forensic specialists subsequently discovered about 99kg of a crystal-like substance, which was later confirmed to be methamphetamine, after carefully deconstructing the pillows. FULL STORY
Kimberley Town of Derby Sends Sand Mining Company $10 Million Bill for Unused Port
Source: Ben Collins (abc.net.au)
A small Kimberley town has sent a $10 million bill to a mining company for backflipping on a deal to use its ports.
For years, the town of Derby has championed the economic benefits of the Thunderbird mineral sand mine, which had struck a deal with the town to upgrade its ageing jetty so it could be used for the export of the company's ore. But a company merger and subsequent reassessment of the port deal has seen the mining business move away from investing in the town and instead strike a deal with neighbouring Broome. FULL STORY
Global Thermal Coal Supply Plummets as Indonesia Suspends Exports
Source: Tom Major (abc.net.au)
A shock decision by the Indonesian government to suspend some thermal coal exports to guarantee domestic supply could have a flow-on effect for Australian miners locked out of the Chinese market.
Indonesia is the world's largest exporter of the commodity, trading as much as 40 per cent of the world's thermal coal freight and sending 400 million tonnes in 2020. But laws require mine operators to prioritise the state-owned domestic power generator at below-market prices of around $US70 per tonne, well below the Newcastle coal futures for January which soared to a 10-week high of $174. FULL STORY
Crew Test Positive, Shipping Schedule Changes
Source: Apenisa Waqairadovu (fbcnews.com.fj)
Goundar Shipping Limited says around 54 of its crew members have tested positive for COVID-19 yesterday.
Owner, George Goundar says this has resulted in them cancelling some scheduled trips. Goundar says they were due to travel to Savusavu and Taveuni however, but swab results turned positive not only for crew members but also for over 50 passengers. Goundar says the crew has been told to self-isolate for 10 days. He adds they are now making adjustments with crew members to continue serving the people. FULL STORY
Stunning Video of a Container Ship Crashing into Taichung Port in Taiwan
Source: Huileng Tan (BusinessInsider.com.au)
A Singapore-flagged container ship crashed into the Port of Taichung in Taiwan on Sunday morning, according to Central News Agency.
The bow of the 13-year-old, 143-meter long Asiatic Sun appears badly damaged from the incident. It also took out parts of a berth. There were no casualties, according to Singapore’s Lianhe Zaobao, and investigations are ongoing. The Singapore-flagged vessel is owned by Asiatic Lloyd. FULL STORY and VIDEO
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