InterManager Daily Newspaper 09.04.2019

1. Container ship disabled in North sea, under tow
Apr 8: Was taken on tow late Apr 7 by tug to be towed to Dutch port, ETA Apr 8.
Apr 6: Container ship in North sea disabled and adrift since afternoon Apr 6, while en route from Antwerp to Sweden, ETA Apr 7.
2. Carriers frustrated by bunker problems in Rotterdam
Several shipping companies are experiencing problems when they tank fuel for their ships in Rotterdam. One company is now considering taking matters into its own hands with an unconventional proposal for its suppliers.
3. Shippers displeased with unclear prices and surcharges
Customers’ satisfaction with liner companies’ services deteriorated marginally in 2018, according to a study conducted by the shippers and Drewry. Two issues in particular occupy the shippers.
4. Maritime CEO Forum: ‘We shoud look beyong the sulphur issue’
Despite a majority of panellists at today’s Maritime CEO Forum tanker session professing to be fans of scrubbers, all executives admitted that their shelf life will be breif. Taking place at the iconic five-star Fullerton Hotel in the heart of Singapore, the panel featured Mark O’Neil, the president of Columbia Shipmanagement, as moderator with Kenny Rogers, the head Aurora Tankers, Rajesh Unni, a director at Global United Shipping, Pankaj Khanna, a board member at Heidmar and Lars Malmbratt, general manager of Stena Bulk Singapore
5. Brazil crude sales to China surge
China is increasingly turning to Brazil to make up for the fall in oil imports it has seen out of traditional crude destinations in the Middle East and Venezuela with significant ramifications for the VLCC trades. OPEC cuts have seen Saudi exports to China slow growth while sanctions on Venezuela have turned the taps off another key crude nation for Asia’s largest country.
6. ICS, ASA and ECSA Commit to Deeper Collaboration
The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) have signed a joint memorandum of understanding (MOU) to enhance their cooperation on relevant maritime issues.
7. China Expects Over Six Percent Economic Growth This Year
China’s economy will grow by an estimated 6.3 percent this year, according to a report by the Asian Development Bank. The growth is in line with the Chinese government’s target and is anticipated to continue next year, with growth of 6.1 percent predicted for 2020. This is a drop from 6.8 percent in 2017 and 6.6 percent in 2018
8. Russia Eyes Greater Energy Dominance as Novatek Taps Arctic
By Olga Tanas, Dina Khrennikova and Anna Shiryaevskaya (Bloomberg) — Almost 1,500 miles from Moscow, the tiny port of Sabetta nestles in a desolate Russian Arctic peninsula. A former outpost for Soviet geologists, it’s now the site of Russia’s most ambitious liquefied natural gas project, operated by a company that only entered the market just over a year ago.
9. Dry Bulk Rates Still Low, But Things Are Improving
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week business, while the Atlantic basin became active mid-week. A slim but constant trickle of business was heard out of Brazil heading to China, but details were hard to confirm.
10. JNPT closes the Financial Year on a record high note
Jawaharlal Nehru Port Trust (JNPT), the premier container port in the country yet again up-scaled its performance to close the financial year, FY –’19 on a high note, acheiving 5.13 Million TEUs in container handling, which is a 6.2% increase from the last financial year which closed at 4.83 Million TEUs. The Port added another feather in its cap, by handling 4.71 Lakh TEUs in March alone which is the highest number for any month.


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