News 2022 August 4

Naval Architect selected for UC San Diego’s new California coastal hybrid-hydrogen research vessel

International Chamber of Commerce calls for cautious optimism as markets begin to stabilise

Port of Riga expects record number of cruise ship calls during 2022 cruise season

DP World Southampton connects UK and central America with major new reefer service

Khersones sailing boat accepts on board more than 100 cadets for the second shift

Russia finds a new route to oil market via Egypt’s El Hamra oil terminal - Bloomberg

NSR development plan foresees annual cargo traffic of 220 million tonnes in 2035

Korea and China compete in the methanol-powered ship market - BusinessKorea

31 million tonnes of green methanol necessary to replace diesel fuel of North American fleet - The Blue Sky Maritime Coalition

WinGD’s most powerful engine passes upgrade Type Approval Test

Crude oil from the field is being received in a reduced mode at the CPC pipeline system

Cargo traffic within Azov-Don Basin of Russia’s IWW in 7M’2022 fell by 51% YoY to 2.25 million tonnes

NYK to participate in off-grid tidal energy demonstration in Singapore

MABUX: Bunker Weekly Outlook, Week 31, 2022

Xeneta issues real-time ocean freight update

Samus Shipbuilding and Repair Yard launches first non-self-propelled barge built for Norilsk Nickel

Sinopec Capital and Johnson Matthey explore strategic collaboration across decarbonisation and hydrogen technologies

Shipping industry continues introducing LNG as key alternative fuel for new ships

Schedule reliability improves to 40% in June 2022 - Sea-Intelligence

Four companies launch study on application of aerospace engineering technology to wind-powered vessels

Oboronlogistics reports growing traffic volumes on Ust-Luga – Baltiysk railway ferry line

UN Global Crisis Response Group calls for windfall tax for the largest oil and gas companies to support to most vulnerable and transition to renewables

RF Government approves plan for NSR development until 2035

Piraeus Container Terminal becomes certified member of CSR HELLAS

The ECO Adriatica enters the Grimaldi fleet

Sovcomflot noteholders’ meeting approved introducing alternative payment arrangements designed to reinstate coupon payments

StormGeo expands with bunker procurement optimization through the acquisition of BunkerMetric

Crude oil futures are slightly down after a steep fall previously

Oil-producing countries approved boosting of crude oil production in September by 100,000 barrels a day

MABUX: Still no firm trend in Global bunker market on Aug 04