The impact of decarbonisation measures would be felt most on the intra-regional trades, such as in the Americas where vessels have a high-reefer capacity and operate at high speed, he said. “What we have seen so far is when the economic incentive is higher than the ecological incentive, then C0 2/climate change will be secondary,” he said.īaack argued that the pending carbon legislation was expected to result in slower speed for smaller ships. Significant improvement in performance would not arise if the economic and ecological interests of shipowners were not “aligned”, he added. Some suggest the impact will be greater once the Carbon Intensity Indicator (CII) kicks in and older ships have to exit the market.īut studies by German tonnage provider Atlantic Lloyd had suggested that engine power limitations would not make much difference to how vessels already perform, said managing director Ulrich Paulsdorff.Ĭlemens Toepfer (left) of Toepfer Transport and Katerina Bodouroglou of Stem Shipping at the TradeWinds Shipowners Forum at SMM in Hamburg. Panellists differed on the impact of pending legislation such as the Energy Efficiency Existing Ship Index (EEXI) regulation, which is set to be introduced on 1 January 2023. “Thereafter, new decarbonisation regulation kicks in.” Decarbonisation “Congestion will resolve over time, but we’re not there yet,” said Baack.
Port congestion is likely to remain an issue for a few more months, as the problem has shifted from the US west coast to ports in northern Europe. Some pillars of the container shipping market that have restricted supply remain in place. That was a “logical” response to geopolitical and economic uncertainty, he added. “The charterers have adopted a ‘wait-and-see’ strategy,” he said. “We are no longer seeing the party that we are used to,” Alexandros Karydis, director of chartering at Hanse Bereederung told the TradeWinds forum.
Tonnage providers that used to let business come to them are today chasing enquiries, said brokers. That is the first time that all sizes of container ships have registered a continuous negative trend over the year, German shipbrokers’ association VHBS reports. The index plunged to 2,733 for the week ending on 9 September. The New ConTex, which tracks rates for 1,100-teu through to 6,500-teu ships, is 11.6% down year on year. Sinking feelingĬontainer ship charter rates continue to sink across the board. “Next year there are maybe 400 to 450, so there will be way few vessels available.”īaack acknowledged that the subletting of ships may increase the supply of container ships.īut subletting remains more difficult in container shipping than in other sectors of the industry, he added. “Usually there are 1,500 vessels available to the charter market.” “Overall, we’re still in a very robust market environment,” said Baack. The ride also had a 400-foot drop and a maximum speed of 120 mph.That reflected the lack of available tonnage in some sectors that could provide stability in the charter market. The ride set four new records: world’s tallest complete circuit roller coaster, tallest roller coaster, tallest roller coaster drop and fastest roller coaster. The Top Thrill Dragster opened in 2003, and at the time, it was a huge deal. An investigation followed the incident, and Cedar Point was cleared of violating any laws in the accident. She wasn’t on the ride but standing in line when the metal object hit her on the head. Of course, the retirement likely has something to do with the fact the ride was shut down last year following a woman being injured after a metal object fell from the coaster. According to a post on the park’s official Twitter account, the Cedar Park team is working to create a “new and reimagined ride experience.” They also state that more information will be release at a later date. 6), the park announced that after 19 years and 18 million of riders, Top Thrill Dragster at Cedar Point is officially being retired.
They say all good things must come to an end, and that’s the case with one Cedar Point ride that’s been a favorite for almost two decades.
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