21 January, 2022

Australian Newsletter - Issue 713

NEW ICS GUIDE HELPS SEAFARERS NAVIGATE THE DIGITAL BRIDGE
Source: International Chamber of Shipping
19th January 2022, London: The newly launched edition of the Bridge Procedures Guide from the International Chamber of Shipping (ICS) reflects the rapid technological advances taking place in the shipping industry.
It provides crews with the knowledge and confidence they need to deal with the digital transformation taking place within the world fleet. At the cutting edge of these rapid developments is the bridge, and the new guide will help seafarers keep up with the latest best practice for bridge technologies designed for the digital age. “I’ve seen navigation equipment that I sailed with on display in Hamburg’s maritime museum. FULL STORY

FOUR INEFFICIENT SHIPPING REGULATIONS THAT NO ONE TALKS ABOUT
Source: Wärtsilä Oyj
Do you know exactly how many regulations and laws govern today’s shipping?
For an industry that’s about 5,000 years old and moves approximately 90% of the world’s goods, while navigating some of the most challenging environments on international waters, there are bound to be a bunch of rules. In fact, there are so many, it’s almost impossible to give an exact number. Shipping was amongst the very first industries to adopt the widely implemented international safety standards. Because of its inherent global nature, the International Maritime Organization (IMO) has developed a comprehensive global maritime safety regulations framework.  FULL STORY

CAPESIZE MARKET SUFFERING, DRAGS DRY BULK RATES LOWER
Source: (Nikos Roussanoglou) Hellenic Shipping News Worldwide
The dry bulk market has been in correction mode for the most part of the past few weeks and the start of 2022 has been no exception.
However, this period of lean earnings, could also be a good time to invest more in the segment, as rates are bound to recover after the Chinese holidays next month. In its latest weekly report, shipbroker Intermodal noted that “since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels were noticed back in February 2021”. According to Intermodal’s Research Analyst, Mr. Mohamed Rabie, “BDI started to deflate after reaching the highest level since 2008 during the first week of October 2021. FULL STORY

MAERSK TANKERS TO LAUNCH DECARBONISATION HUB
Source: Maersk Tankers
Maersk Tankers is establishing a knowledge hub focusing on decarbonisation. The hub will gather intelligence and create solutions to help shipowners and cargo customers cut emissions.
The decarbonisation hub will bring experts, shipowners, cargo customers and other stakeholders together to develop a suite of solutions that will reduce emissions from cargo customers’ supply chains and shipowners’ operations. It will gather and share external and internal intelligence on regulations and developments in tanker shipping’s decarbonisation, and provide emission transparency on the transportation of cargoes.  FULL STORY

HERE'S HOW WE CAN RESOLVE THE GLOBAL SUPPLY CHAIN CRISIS
Source: Rebeca Grynspan, Secretary-General of UNCTAD
Our livelihoods – food, jobs, energy – depend on functioning and resilient global supply chains. Unfortunately, the uncertainty caused by the progress of the COVID-19 pandemic from region to region has made it difficult to resume business on a global scale.
At the same time, fuelled by the e-commerce boom, container shipping freight rates are reaching record highs and transport capacity is being held up in congested ports. This represents a double shock for developing countries distant from global production hubs, with small island developing states (SIDS) and least developed countries affected the most.  FULL STORY

LNG – A FUEL IN TRANSITION
Source: SEA LNG
2021 was a year of dramatic progress and growth for LNG (Liquefied Natural Gas) as a marine fuel and its pathway to decarbonisation. Orders for LNG-fuelled vessels hit record levels while the bunkering infrastructure continued to expand at pace.
There was significant progress on increasing production of bioLNG and renewable synthetic LNG. LNG vessels will maintain value as shipping moves towards a net-zero future. LNG is indeed a fuel in transition and leading the move to a cleaner future for the deep-sea maritime industry. “Doing nothing today is wrong. Do not let the good be lost in the search for the best. - Svein Steimler, President and CEO, NYK Group Europe.  FULL STORY

HOW GREEN CORRIDORS CAN ENABLE THE TRANSITION TO ZERO-EMISSION SHIPPING
Source: World Economic Forum
The decarbonization of shipping – responsible for 3% of global greenhouse gas (GHG) emissions but more than 80% of global trade – is rapidly moving up the agenda, for policymakers and industry alike.
Last autumn more than 200 organizations from the maritime ecosystem signed the Getting to Zero Coalition’s Call to Action for Shipping Decarbonization, urging the adoption of a sector-wide goal of zero emissions by 2050 and the commercial deployment of zero-emission vessels by 2030.
The good news is that the technologies to produce zero-emission fuels and vessels are nearly market ready. Pilots and demonstrations of zero-emission vessels are underway, and the key technologies for the largest ships should be available by the end of 2024.  FULL STORY

RIO TINTO AIMS LOW FOR 2022 AUSTRALIAN IRON ORE TARGET
Source: Jo Clarke (Argus Media)
UK-Australian mining firm Rio Tinto has set an unambitious 2022 iron ore shipment target of 320mn-335mn t from its mines in Western Australia (WA) amid warnings that Covid-19-related skills shortages and greater attention to heritage issues may disrupt production.
Rio Tinto shipped 321.59mn t of iron ore last year on a 100pc basis from its WA operations, down from 330.57mn t in 2020 and near the bottom of its 320mn-321mn t 2021 guidance, which it revised down from 325mn-340mn t in October. The firm warned that the 2022 guidance was subject to the successful commissioning and ramp up of new iron ore projects, with its 43mn t/yr Gudai-Darri mine further delayed.  FULL STORY

LONG HARVEST ENDS WITH GREAT RESULT
Source: Mirage News
One of the longest harvests in memory has all but finished with a second bumper year for grain growers in NSW despite a range of challenges.
NSW Farmers Grains Committee Chair Justin Everitt said despite all of the challenges – from a mouse plague to wet weather and flooding – growers had managed to achieve an incredible result. “This has been without a doubt one of the longest harvests in memory, but we’re nearly there,” Mr Everitt said. “Sometimes it’s felt like we’ve been kicked from pillar to post with worker shortages, high prices for supplies and everything nature can throw at us. “But the end result is pretty positive and things are looking good for next year as well.”  FULL STORY

WORLD-FIRST HYDROGEN TANKER ARRIVES IN VICTORIA TO TEST POTENTIAL FOR EXPORTING FUEL SOURCE TO JAPAN
Source: Jarrod Whittaker (ABC Gippsland)
The world's first liquefied hydrogen carrier has arrived in Victoria as part of a project to test the viability of a hydrogen export market between Australia and Japan.
The carrier, the Suiso Frontier, docked at the Port of Hastings, east of Melbourne, yesterday and will transport hydrogen produced as part of the Hydrogen Energy Supply Chain (HESC) project back to Japan. The HESC pilot project is testing whether it is possible to create hydrogen using coal mined at the Loy Yang brown coal mine in the Latrobe Valley and transport it to Japan for consumption.   FULL STORY

RECORDS TUMBLE AS PORT OF NEWCASTLE DIVERSIFIED TRADE
Source: Port of Newcastle
New figures released today reveal that Port of Newcastle’s import/export volume performance of 2020 strengthened in 2021, despite global supply chain challenges and the continuing impacts of the pandemic. 
Acting CEO, Nick Livesey, said the results indicates the strength and capability of Australia’s deepwater global gateway has facilitated approximately $37 billion to the national economy during 2021. “In 2021, Port of Newcastle handled 2266 ship movements and 166.1 million tonnes of cargo including coal, dry bulk, bulk liquids, roll on roll-off cargo, general and project cargoes and containers.” “This represents an increase of 1.6Mt of overall trade compared with 2020, with an extra 3 per cent of vessels visiting the port in 2021,” Mr Livesey said. FULL STORY

TOWNSVILLE'S $232M PORT EXPANSION BEGINS, DIVE OPERATOR WORRIES ABOUT DREDGING IMPACTS
Source: Jade Toomey (ABC North Queensland)
Trade, defence and tourism opportunities will no longer bypass Townsville, according to backers of the next phase of the city's long-awaited port channel upgrade.
The $232 million project to widen Townsville's shipping channel to allow vessels of up to 300 metres in length to access North Queensland has bipartisan political support. Australia's largest backhoe dredge, the Woomera, which will soon begin work on the project was welcomed on Wednesday by traditional owners with a smoking ceremony. The machine will dig out 30 swimming pools worth of ocean sediment from the existing shipping port to more than double its width, according to Hall Contracting, which won the tender for the project.  FULL STORY

LINDBLAD EXPEDITIONS RETURNS TO AUSTRALIA AFTER A FIVE-YEAR STINT AWAY
Source: Libby Shaw (Cruisepassenger.com.au)
The popular National Geographic Orion will return to Australasian waters next year.
It’s been five years since Lindblad Expeditions sailed in Australia said the line in an announcement made on its website earlier this week. The Orion will sail from the USA, spend a season in the Northern Territory before returning to the US. While the ship is in Australia, guests will have the opportunity to see many notable landmarks and tourist attractions such as the Bungle Bungle Range during a scenic flight, the King George Falls, Gwion Gwion paintings, which is some of the oldest Indigenous rock art in the world. There will also be excursions where cruisers can explore mangroves, narrow inlets and reefs near Zodiacs. If they’re lucky enough they will also see crocodiles and a number of birds.  FULL STORY

TWO CELEBRITY SHIPS TO SAIL IN ASIA IN 2023-2024
Source: Cruise Industry News
Celebrity Cruises has announced its program in Asia for 2023-2024 with the Celebrity Millennium and Celebrity Solstice.
The Millennium will start her program in September 2023 across Northeast and Southeast Asia, including Japan, China, Malaysia, Thailand and the Spice Route featuring 12-night itineraries. The ship is offering a return to familiar ports like Lombok, Indonesia and Kuala Lumpur, Malaysia; while giving guests a chance to explore new departure ports in Benoa, Bali, Indonesia and Mumbai, India along with new ports of call for the brand in Celukan Bawang, Bali, Indonesia; and Hambantota, Sri Lanka, according to a press release. Joining the Millennium in November 2023, the Celebrity Solstice will sail in Southeast Asia on 12-night itineraries that show off Vietnam and Thailand departing from Hong Kong and Singapore. The Celebrity Solstice will also offer two 17-night transpacific sailings leaving from either Honolulu or Sydney; calling in New Zealand as well as French Polynesia, including Moorea, Tahiti, Fiji and others.  FULL STORY


Whilst every effort has been made to ensure the accuracy of the information contained herein, Inchcape Shipping Services accepts no liability nor makes any representations or warranties of any kind, express or implied, as to its completeness, accuracy, reliability or suitability.