News Bulletin – 17 July 2021

17 July

1. Five Lessons to Learn on Hydrogen as a Ship Fuel

17 July 2021 : Green hydrogen could play a crucial role in the maritime industry’s journey towards decarbonization. Produced through electrolysis, H2 is free of carbon emissions and could be widely available across the globe in the future – as a marine fuel or a key enabler for synthetic fuels. Many in shipping recognize hydrogen’s potential, but the barriers to implementing H2 technology are substantial. Led by DNV, a consortium of 26 partners and observers have come together in the MarHySafe joint development project (JDP) to address the challenges surrounding hydrogen operations: safety and regulations. With Phase 1 complete, the consortium has published the Handbook for Hydrogen-fuelled Vessels, which creates a roadmap towards safe hydrogen operations using fuel cells. The handbook will be updated continually as the second phase of MarHySafe progresses. Here are five lessons learnt so far.16 July2. Shipping needs global strategy for carbon pricing16 July 2021 : International shipping needs a universal carbon pricing strategy, not a regional one. This was one of the conclusions agreed on by most panellists at a Seatrade Maritime Online Series webinar, titled Progressing Decarbonisation.3. Nigeria loses 26.3 bln USD to piracy, sea robbery annually: president16 July 2021 : Nigerian President Muhammadu Buhari has said the country annually loses about 26.3 billion U.S. dollars to piracy and sea robbery, among other forms of maritime crimes. In this light, securing the shipping lanes was crucial to Nigeria’s economic interests, Buhari, who was represented by Vice President Yemi Osinbajo, said while performing the inauguration of Falcon Eye Project, Nigerian Navy’s strategic maritime surveillance system, at the Naval headquarters in Abuja. 4. The Shipbuilding Industry Takes On 3D Printing Technology As A Latest Trend16 July 2021 : The use of 3D printing technology in ship building is a leading trend being observed in the ship building market in recent years. 3D printing, also known as additive manufacturing, is gaining popularity in every sector connected to manufacturing and engineering, including ship building. The companies operating in the ship building market are collaborating with other players in the industry to adopt advanced manufacturing technologies including 3D printing to enhance their manufacturing capabilities. 15 July 5. Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos15 July 2021 : The Union Cabinet on Wednesday approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo, an official statement said.According to the statement, registration shall be done online within 72 hours like the world’s best ships registries and this will make it easy and attractive to register ships in India and thereby aid in boosting the Indian tonnage.

1. Connectivity Key to Seafarer Welfare, Inmarsat Sponsored Report

15 July 2021 : Inmarsat sponsored a new report which explores the future of seafaring to 2050, a report that offers not just insights on connectivity, rather recommendations on how shipping, training institutions and welfare services can respond to the changing needs of tomorrow’s seafarers.14 July

1. India to appoint National Maritime Security Coordinator for maritime security

14 July 2021 : The National Maritime Security Coordinator will break the silos and cut across the turf of Navy, Coast Guard, State Maritime Boards to enhance maritime domain awareness and ensure better response. The Chinese forays into Indian Ocean via Pakistan and Myanmar will be on top of NMSC agenda. 13 July

1. Indian World Forum seeks PM’s intervention to secure release of five seafarers languishing in Iran

13 July 2021 : The Indian world forum has sought the intervention of Prime Minister Narendra Modi to secure repatriation of five seafarers languishing in Iran. In a statement issued here on Monday, the forum President Puneet Singh said, “It has been inhuman torture for five Indian youths in Iran who were not only subjected to injudicious incarceration but have been left high and dry on foreign land, Iran, to fend for themselves.”

1. Slow Vaccines for Seafarers Threaten to Worsen Shipping Chaos

13 July 2021 : Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns.

1. Piracy and Armed Robbery at 27 Year Low in 2021

13 July 2021 : The ICC International Maritime Bureau (IMB) reported that the incidents of piracy and armed robbery are at their lowest levels in 27 years. The organization, which was founded in 1991, said that during the first half of 2021, it received the lowest number of reported incidents for the first half of any year since 1994. They, however, cautioned, that the risks remain for seafarers and especially in certain regions of the world.

1. UAE acts on vessel abandonment with new resolution

13 July 2021 : Resolution no. 71, which will enter force within two months of the date of enactment, “will create the premises for speeding up the process of solving the issues of wrecks and abandoned ships”, according to a news update from Dubai-based law firm, Fichte & Co Legal. The Resolution applies to all seagoing vessels of any type or size, except for military vessels and state-owned or operated ships. It also applies to fixed and floating platforms. 12 July

1. Maritime supply chains stuck in a catch-22

12 July 2021 : Sailing schedules cannot be relied upon – as long as ports are congested. But port efficiency cannot really recover as long as vessels “bunch” together, arrive outside the planned terminal windows or divert away from nearby congested ports. Where does this catch-22 leave shippers?More and more often, it seems, resolving one problem along the container shipping supply chain creates even bigger problems and disruptions elsewhere in the supply chain.Reference :-1) www.maritime-executive.com2) www.seatrade-maritime.com3) www.globaltimes.cn4) www.einnews.com5) www.business-standard.com6) www.maritimeprofessional.com7) www.hindustantimes.com8) www.uniindia.com9) www.news.bloombergtax.com10) www.seatrade-maritime.com11) www.hellenicshippingnews.com

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