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Cruise Industry 2022 Outlook Report Quantifies Value of Cruise Tourism, Underscores Leadership in Health and Safety, Environmental Sustainability and Destination Stewardship

0CLIA LogoCruise Lines International Association, the leading voice of the global cruise community, today released the 2022 State of the Cruise Industry Outlook report.

GSCC Chairman H. Fafalios - New Year's Speech

fafaliosThis is the second time in history that I am delivering my January address online due to the COVID-19 pandemic but I hope and pray that we will soon return to our old normality. During the year that passed, the world shipping industry has valiantly and successfully managed to perform its task of moving the worlds bulk and unitized cargoes from A to B, and of anticipating smoothly the increased demand for all cargoes. 

Weekly S&P Report: On 19th January, oil prices climbed to their highest level since October 2014

petrelaio thermansis arxeiouOn 19th January, oil prices climbed to their highest level since October 2014 with Brent crude futures jumping to USD 89.5/barrel and the WTI increasing to USD 87.1/barrel just before correcting to a slightly lower level of USD 84/barrel.

HRADF launches the tender process for the marina of Itea

0marina iteas google earthThe Hellenic Republic Asset Development Fund S.A. (HRADF), a member of the HCAP Group, proceeds with developing the Itea marina in the framework of its strategy for highlighting assets with a strong local footprint and enhancing tourism growth and development.

Weekly S&P Report: Omicron variant continue its rapid spread

bulk cargo 653During the first weeks of 2022 we saw the Omicron variant continue its rapid spread. An increase in COVID-19 infections was reported in the Chinese port city of Tianjin, leading to partial lock downs, as mandatory measures to stop the virus from spreading.

Leading Maritime Cities report 2022: Athens is back on top of the Shipping pillar

maritime citiesThe 2022 edition of the Leading Maritime Cities (LMC) report was launched today at an event hosted by the Singapore Maritime Foundation (SMF), providing fresh insights into which global hubs offer the best infrastructure, technology, finance, and world-class talent, to help the maritime community connect and prosper.
Leading Maritime Cities report
There have been many dramatic developments since the last edition of the LMC report was published in 2019. For one, we are still living with the pandemic. Two years of fluctuating restrictions have caused severe trade and travel upsets. Extreme weather events have made us all more acutely aware of the climate crisis, another major driver of change. Shipowners, charterers, cargo owners and lenders are gearing up for a decarbonized future, with rapid adoption of zero-carbon fuels expected over the next decade. Ongoing digitalization, including ports and the supply chain, will drive efficiency in support of this transition.
“Maritime cities and clusters are generating unique strategies to cope with these global transformations. They will play a leading role in the green shift, with new business models that drive the transition,” says DNV Maritime CEO Knut Ørbeck-Nilssen.
The LMC report is compiled in cooperation between classification society DNV and Menon Economics. As before, it benchmarks each maritime city based on five key pillars – Shipping, Maritime Finance & Law, Maritime Technology, Ports & Logistics and Attractiveness & Competitiveness.
Singapore’s strong performance across the board sees it retain its number 1 spot overall. “Singapore holds the top slot for Attractiveness & Competitiveness while also scooping the Maritime Technology title, thanks to the city-state’s unrelenting focus on digital transformation. Singapore gives way to Athens and Shanghai in Shipping and Ports & Logistics respectively, and losing some ground in Maritime Finance & Law,” notes Dr Shahrin Osman, Regional Head of Maritime Advisory at DNV and the report’s co-author.
Two European cities feature in the top three as well. “Rotterdam’s 2nd place demonstrates that it’s a maritime city on the rise. Although only 10th in Shipping, the Dutch hub scores well overall and particularly in Ports & Logistics and Attractiveness & Competitiveness. London is also among the top contenders, from 5th to 3rd place overall, however it has lost out its previous top slot in Maritime Finance & Law to New York,” says Dr Shahrin Osman.
Fourth and 5th place overall go to Asian counterparts Shanghai followed by all-rounder Tokyo.
“The 2022 analysis uses some new and more comprehensive objective and subjective indicators, as well as data sources, for each pillar. This facilitates more refined benchmarking of the relative performance of each city,” explains Menon partner Dr Erik W Jakobsen, who is the co-author of the report .
Subjective indicators reveal the perceptions and assessments of 280 invited business executives – mostly shipowners and managers – from around the world. Looking five years ahead, they predict that Singapore will remain number 1, with Shanghai coming in 2nd. London, Oslo and Rotterdam are seen as leading the field in Europe, with Dubai and Abu Dhabi competing hard in the Middle East, India and Africa region. Dubai is predicted to grab 6th place overall by 2027.
The experts see Singapore, Oslo, Shanghai and Copenhagen as best prepared for digital transformation, while Oslo tops the list for sustainable technologies and solutions for the oceans, followed by Singapore and Copenhagen.

CELESTYAL CRUISES announces, “wave season” offers with savings of up to 50% off on selected cruises in 2022

0Patmos Celestyal Cruises SmallCelestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean, has announced its “Escape Back to the Blue” Wave season campaign with savings up to 50 percent off on selected 2022 sailings booked from now through March 31, 2022.

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