Daily Collection Of Maritime Press Clippings 2022- 147

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263beginning of the peak season. However, this year volumes were 3.3% lower in July than in June. Applying historicalseasonality, volumes should have been nearly 200,000 TEU and 10.6% higher than actual volumes. Using the sameprinciple for all head-haul and regional trade lanes, the combined July volumes should under normal circumstances havebeen 3.3% higher; 4.3% higher in head-haul trades and 1.9% in regional trades. Overall, volumes would then have been4.9% higher than July 2021 instead of 1.5%. This is partly because it in 2021 was the first time in recent years thatvolumes in July were lower than in June.The TOLTEN moored in Southampton Photo : Peter Hollands (c)Applying the same seasonality-based calculation to the rest of 2022, the full year volume estimate ends at 77.8 millionTEU and 63.7 million TEU for head-haul and regional trades respectively. In total, that would leave the combined volumesat 141.5 million TEU and 1.3 million TEU lower than in 2021 (a reduction of 0.9%). Head-haul volumes would be down3.3% y/y while regional volumes would be up 2.3% y/y.Focusing on the rest-of-year period from August to December, the calculation indicates that combined head-haul andregional trade volumes will be down by 1.9% y/y. From a congestion perspective it is interesting to note a 10.7% y/y and8.2% y/y fall in import volumes to the Europe and Mediterranean region and North America respectively.“Considering the risk of energy shortages in Europe during winter and that conditions for consumers and businesses arelikely to get worse before they get better as the year progresses, it is possible that volumes could end even lower,” saysBIMCO’s Chief Shipping Analyst, Niels Rasmussen.“Though we appreciate that this approach to forecasting rest-of-yearvolumes may be somewhat simplistic, the overall forecast does tally with the economy-based forecasts in our recentlypublished Container Market Overview and Outlook report. The prediction will most likely not end up 100% accurate, butwe do believe the overall trend will end up correct, confirming a very muted peak season in key head-haul trades andlower Q4 volumes in line with normal seasonality,” Rasmussen says.Source: BIMCO, By Neils Rasmussen, ChiefShipping AnalystGlobal Ports Holding announces a port developmentproject for Las Palmas Cruise PortsDistribution : daily to 44200 active addresses19-09-2022Page 6

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263Global Ports Holding Plc (“GPH”), one of the world’s largest cruise port operators, and its local partner SEPCAN S.L.(“SEPCAN”), together with the Las Palmas Port Authority has revealed its plans for its Las Palmas Project at SeatradeCruise Med held in Malaga, Spain, according to GPH's release.On August 22nd, Global Ports Holding had announced the completion of the concession agreement of 3 ports in theCanary Islands: Las Palmas, Fuerteventura, and Lanzarote Cruise Ports through Global Ports Canary Islands S.L. (“GPCI”),an 80:20 joint venture between GPH and our local partner Sepcan S.L. GPCI will start operations of the three cruise portsin October 2022, ahead of the peak winter season, with over 650 scheduled calls in Las Palmas, Lanzarote andFuerteventura together.GPH, together with its local partner Sepcan has revealed its plans for the 3 ports in the Canary Islands with an investmentof 40 million.The project features a new sustainable terminal building and infrastructure improvement in the Las Palmas Cruise Port.The project includes a 14,400m2 terminal build from sustainable recycled materials to achieve low carbon footprint thatwill be able to provide smoother homeporting and transit operations at one of the busiest ports in Spain. Operational by2024 cruise season, Las Palmas Cruise Port, with an ability to handle the largest cruise ships in the world simultaneously,will have new retail and F&B experiences, 40 bus capacity and an improved operational structure.Las Palmas ports hasincreased the number of ports of GPH in Spain to 7. As the third busiest cruise destination in Spain, Las Palmas located inEast-Mid Atlantic at the Canaries. Source : PortNewsSchip maakt slagzij nadat zijkant blijft haken ondermeerpaal Buitenhaven in MaassluisDe politie kreeg vrijdagochtend 16 september om 05.26 uur een melding van een incident bij het water aan de Govert vanWijnkade in Maassluis. Ter plaatse troffen agenten het schip van 72 meter aan. Het schip stond erg scheef en maaktewater In eerste instantie werd gedacht aan een scheur in de romp. De aanwezigen op het schip werden in veiligheidgebracht. Er liep water in/op het schip en er werd gevreesd dat het schip zou gaan kapseizen. Uiteindelijk steeg het wateren kwam het schip plotseling weer recht te liggen. Het schip was aangemeerd met laag water. In de vroege ochtendsteeg het water. De zijkant van het schip bleef ‘haken’ onder een gat in de meerpaal. De andere kant van het schip gingwel omhoog door het water. Hierdoor kwam het schip schuin te liggen en stroomde er water in/op het schip. De hoekwaarin het schip bleef haken, werd uiteindelijk zo groot dat het schip losschoot van het gat in de meerpaal. Het schipheeft schade opgelopen, hoeveel schade precies wordt nog onderzocht. Op enkele foto’s zijn veel politiewagens te zien,dit kwam vanwege de dienstwissel even na 07.00 uur. De agenten van de nachtdienst werd afgelost door agenten van deochtenddienst. Hierdoor waren er tijdelijk veel politiewagens te zien. Bron : 112MaasmediaDistribution : daily to 44200 active addresses19-09-2022Page 7

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263The port Towage Amsterdam operated tug TELSTAR assisting the HOEGH SEOUL into the IJmuiden lockPhoto : Wim Castricum (c)Message to readers: All banners are inter-active and click through to advertiser web siteshull of a Mulder seriebuild "thirtysix" yacht enroute from Harlingen to the Mulder yard at Zoeterwoude.Photo : Arie Boer (c)Distribution : daily to 44200 active addresses19-09-2022Page 8

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263Leverburgh lifeboat station in Harris returns toserviceA lifeboat station in the Western Isles that was at risk of closure has returned to service.Leverburgh's new lifeboat is a four-person Atlantic 85RNLI Leverburgh in Harris was established in 2012, but in November 2019 operations were suspended after difficultiesretaining a crew Following a two-year consultation on its future, it has been able to continue with a smaller lifeboat.The station operates a four-person Atlantic 85 inshore lifeboat. It had previously had a six-crew lifeboat. RNLI Leverburghfirst opened following a community campaign. Islanders have raised about 25,000 a year for the RNLI.Before the servicewas suspended, Leverburgh responded to 97 shouts - emergency call outs - and assisted 86 people. Source : BBCnewsEUROPA in Nevlunghavn, Norway Photo : Dag Dvergastein Master Europa Distribution : daily to 44200 active addresses19-09-2022Page 9

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263Yang Ming Marine Transport chairman Cheng Cheng-mount:"Market will not return to its pre-pandemic troubles"The 2009 built 4300 TEU DEBUSSY anchored off Melbourne in the Port Philip Bay last SaturdayPhoto : Piet Sinke www.maasmondmaritime.com (c) CLICK at the to view and/or download the photo !At an investment seminar organized by the Taiwan Stock Exchange on 12 September, Yang Ming Marine Transportchairman Cheng Cheng-mount claimed that the ongoing correction in container freight rates is ‘just a blip’, stating thatthe market should not be worried that the segment could return to its pre-pandemic troubles. According to Cheng, portcongestion remains a problem and how soon this will normalize will determine the longer term outlook for freight rates.Schedule reliability for the industry is still under 50%, meaning that ships are being held up. Last week, the ShanghaiContainerized Freight Index lost 10%, but the loss on the Asia-US West Coast freight market was higher at 12%. Asia-USEast Coast freight rates were corrected by nearly 9%, compared with 5% the previous week. Although shippingexecutives have tried to calm the market, market analysts appear to be more pessimistic. HSBC Hong Kong recentlyreleased a report saying that liner operators' profits could fall by 80% from 2023 to 2024, as supply could exceeddemand, especially with a high number of new buildings being delivered. The bank forecasts container trade to dip by 2%Distribution : daily to 44200 active addresses19-09-2022Page 10

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263this year, 3% in 2023, before recovering by 2.5% in 2024. Boxship fleet growth is estimated at 6.2% this year, 6.5% in2023 and 8% in 2024. Source : FreshplazaThe 2009 built 1732 TEU WILLIAM outbound from Melbourne navigating the Yarra river with the West Gate Bridge inthe background heading for Brisbane Photo : Piet Sinke www.maasmondmaritime.com (c)CLICK at the photo & hyperlink in text to view and/or download the photo(s) !Maersk Tankers reorganises, adds to executive teamMaersk Tankers is reorganising the business divisions that manage its chartering, partnership and operations activities,and is adding two new staff to its executive team. The change will see the commercial business sub-divided intochartering and freight solutions, commercial and operations divisions. Maersk Tankers has appointed Tom Hewitson ashead of chartering and freight solutions, Eva Birgitte Bisgaard will continue as chief commercial officer and Aditya Trehan,global head of operations, is being added to the executive team. The move comes at a time when the company is lookingto boost its partner services and accelerate growth Mr Hewitson’s team’s remit is the seaborne transport of energyproducts for large energy companies and trading houses, Maersk said. "He has served in leadership positions withcompanies such as Morgan Stanley, BP and Castleton Commodities International, including as managing director of globaltanker freight trading and chartering. He brings deep knowledge, spanning more than two decades, of freight trading, riskmanagement and chartering for crude and product tankers," the company said.The Danish oil/chemical tanker "HULDA MAERSK" berthed at the Koole Tankstorage terminal in PernisPhoto : Cees van der Kooij (c)Distribution : daily to 44200 active addresses19-09-2022Page 11

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263Eva Birgitte Bisgaard will lead Maersk Tankers’ sales and services for shipowners, which are being brought together underthe commercial unit of the business. She will also head the company’s work on decarbonisation and digitalisation,according to Maersk."This aims to bring innovative solutions to market that cut industry emissions, boost shipowners’earnings and lead to growth at Maersk Tankers. With a two-decade background in technology, during which time she hasserved in various executive positions, Ms Bisgaard brings a deep understanding of how digitalisation can drive growth andinnovation," Maersk said.Aditya Trehan, global head of operations and managing director of Maersk Tankers’ Mumbaiactivities, has been promoted to the executive team."This comes at a time when the company is seeing increasingdemand for and value from vessel operations to ensure vessels are in prime shape and able to cross the oceans efficientlyto cut emissions and increase earnings for shipowners. He has a background in shipping, spending most of his career inoperations," Maersk said.Maersk Tankers’ executive team will consist of seven staff when the new appointments takeeffect from 1 October 2022. Source : Riviera Maritime NewsAccommodating cargo growth through thepandemic – at APM Terminals ElizabethAPM Terminals participated in the Port of New York and New Jersey’s 20th annual Port Industry Day at Liberty State Park,New Jersey, on September 12, 2022, which brought together stakeholders of the port along with distinguished speakersincluding FMC Chairman Dan Maffei and FMC Commissioner Rebecca Dye, White House Supply Chain Task Force PortEnvoy General Stephen Lyons (USA-Ret.) and Administrator of the U.S. Maritime Administration Rear Admiral Ann Phillips(US Navy Ret.). Topics addressed policy issues affecting ports, cargo growth and improving cargo handling efficiency.Bethann Rooney, Director of the Port Department at The Port Authority of New York/New Jersey participated in a panelexploring “Accommodating Cargo Growth,” which was moderated by John Nardi, President of The Shipping Association ofNew York and New Jersey. Director Rooney began by recognizing all the terminal operators for doing an excellent job insetting the stage for the port’s success. She also noted the under-utilized gate capacity in the port’s terminals as anopportunity for improvement in the port community. Evening and weekend extra gates are expensive and terminaloperators spent 30 million in the past 20 months. She also cited the 60 acres of on and off-dock container storagecapacity added on by terminal operators and the Port Authority to adapt to record pandemic volume storage demands.“Our port is unique in that time and time again our port stakeholders always step up and truly work together throughcollaboration, coordination and communication for the good of the whole,” said Bethann Rooney, director of the PortDepartment at The Port Authority of New York and New Jersey. “Throughout the overlay of the COVID-19 pandemic, wegathered remotely yet regularly to discuss our collective challenges and to provide visibility into the regional supply chainas a whole, but those relationships do not end when the crisis is over. We are extremely grateful that we were able tobring together several hundred partners and stakeholders of the port in person to once again talk through the nationaland global logistics challenges now facing our port as well as what we are all doing to address those issues.” CourtneyRobinson, APM Terminals Elizabeth’s Chief Operating Officer opening comments praised Bethann Rooney for galvanizingthe terminal operators to work together for the good of the port which has been a success since the start of the February2022 weekly calls the Port Authority initiated. He highlighted the extraordinary cargo growth driven by the pandemic. “Wewere constantly adjusting and expanding our operations to serve this growth – with increased cargo volumes at our berthDistribution : daily to 44200 active addresses19-09-2022Page 12

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263and at our truck gates. Our Labor partners in the ILA deserve special praise for handling the record cargo volumes. Theywere cooperative and available at all times.”At APM Terminals Elizabeth, cargo volumes were flat 2019-2020 due to COVID-19, but cargo volume soared by 27% overthe last two years and yard utilization grew 25%. Notably, container dwell time (the amount of time a full container sits atthe terminal awaiting pickup) increased by 61% since the start of the pandemic. In the first half of 2022, import loads satmore than six days on average. Extended gates were offered throughout the year. Despite strong demand for Saturdaygates the actual usage during the pandemic was only 10% of weekly transactions from the shipper and truckingcommunities. Equally important, Maersk added an offdock drayage program in Q2 2022 which reduced the dwell time onthe container terminal, freeing up capacity, increasing fluidity and reducing customers’ storage charges (which are moreexpensive on waterfront property).To address this record demand, APM Terminals Elizabeth implemented multiple effortsincluding investing in more equipment, more infrastructure and keeping extended gates open longer hours at night andon weekends. In the container storage yard, 18.9m in upgrades were undertaken to expand storage capacity, addingspace for 250,000 TEUs by the end of 2022. Equipment and facility investments were made including six, new ship-toshore cranes (two in 2023, four in 2024), six toploaders and the expedited conversion of the diesel container handlingfleet to electric equipment in 2023. A terminal appointment system was implemented two years ago in response to thecall for more appointments and to aid empty container evacuation. At present, 17,000 weekly appointments for emptyequipment are being offered. Queue time for truckers was reduced by 63% and truck gate processing time went fromthree minutes to 40 seconds.Tom Heimgartner, Chairman of the Association of Bi-State Motor Carriers who was speakerat the event recognized all the terminal operators for their unprecedented effort to help the trucking community throughthe record volumes. He called for more flexibility on gates, appointment systems and increased evacuation of emptycontainers to free up terminal space. Mr. Robinson finished his remarks by stating “The pandemic is still here andchanging all the time. Supply chain disruption will continue to be a normal part of global supply chains this year and everyyear. Integrated supply chain models are still the best playbook for business agility. We want to thank all our customers –in particular the truckers for being patient, understanding and partnering with us to radically transform our customerexperience.” Source: APM TerminalsCargo of Russian Crude Heads to CubaA cargo of Russia’s crude oil was heading to Cuba on Thursday, the latest import of Russian oil under sanctions by theCaribbean nation, which has an energy crisis.The Liberia-flagged tanker KAZAN loaded about 700,000 barrels of Russia’s Urals crude at the Baltic port of Primorsk lastweek and is on its way to discharge later this month at a refinery in Havana, according to Refinitiv Eikon. The tanker ismanaged by Sun Ship Management since April, according to shipping database Equasis. Sun SM, previously called SCFManagement Services, is a unit of Russia’s Sovcomflot, according to the parent company’s website. Sovcomflot is underU.S., British and Canadian sanctions. Cuba, which generates most of its electricity from fuel oil and its own heavy crudeproduction, has snapped up cheap Russian oil and diesel in recent months to complement domestic output and importsfrom political ally and main oil supplier Venezuela. President Miguel Diaz Canel has criticized high global fuel prices amidpower cuts and fuel rationing in the communist-ruled Caribbean island. The Cuban government reshuffled energyoperations after an August fire damaged a big portion of its largest oil terminal, Matanzas. It has turned to floatingstorage and ship-to-ship transfers for recent imports. read moreLast week, tanker TRANSSIB BRIDGE carrying Russiaorigin diesel discharged in Cuba after a brief stop in Colombia. Cuba’s foreign ministry did not immediately reply to arequest for comment. For Russia, Cuba provides an outlet for oil that has been sanctioned over the country’s invasion ofneighboring Ukraine. Europe and the United Kingdom are moving toward an end-of-year embargo on Russian crudeDistribution : daily to 44200 active addresses19-09-2022Page 13

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022– 263imports. Source : thestkittsnevisobserverReporting by Arathy Somasekhar in Houston; Additional reportingby Marianna ParragaThe ROV IXBLUE is doing her survey rounds west of the island Texel. Radio controlled from the supplier “OCEAN DEE”the multi beam side scan sonar is doing her job. Photo’s : Jacob Kiewiet –Den Burg (Texel) Cosco eyes methanol-powered ships as itconsiders 3bn order for 15 vesselsBy Martina Li in TaiwanCosco Shipping Lines is thought to be planning another raft of newbuilding orders. But the large numbers mentioned inthe media this week include already-announced orders. The Loadstar’s enquiries at the state-controlled Chinese linergiant’s affiliated shipbuilder, Cosco Shipping Heavy Industry Yangzhou, showed that Cosco Shipping is consideringcommissioning at least six 23,000 teu ships and nine 15,000 teu vessels.The 23,000 teu vessels are expected to be dualfuelled with methanol, while the 15,000 teu ships will be powered by high sulphur fuel oil but would be methanol-ready. Itis estimated that together, the newbuildings could cost approximately 3bn. When contacted, a representative at CoscoShipping r

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2022- 147 Distribution : daily to 43950 active addresses 26-05-2022 Page 7 whole, and while there have been first signs that the market has passed its peak we also expect a strong second quarter," said CEO Rolf Habben Jansen. Hapag-Lloyd said revenue growth can primarily be attributed to much .