InterManager Daily News 21.06.2019.

1. Cargo ship sunk fishing vessel in collision, 12 crew rescued, Japan sea
Cargo ship collided with fishing vessel early in the morning Jun 20 some 25 nm off coast, Japan sea. Fishing vessel sank after collision, 12 crew were rescued by nearby fishing vessel. Cargo ship sustained just scratches, and returned to port of departure.

2. German container ship damaged gantry crane, detained
Container ship NAGOYA EXPRESS contacted gantry crane at International Container Terminal, Hai Phong, on Jun 7, while unmooring, said Port Administration official on Jun 19. The ship berthed at Terminal on Jun 6, on arrival from Cai Mep, Saigon. She remained berthed at Terminal until Jun 9, on Jun 9 was moved to Hai Phong outer anchorage, and as of morning Jun 20, was still at anchor.

3. Shipping is all-in on 2020 – but investors are hesitant
Everyone is hoping that 2020 will mark the beginning of a shipping recovery. But after a decade of losses, investors are keeping away. At the Marine Money Week conference, which just ended, only a few were present. Diamond S and d’Amico point to previously broken pledges as one explanation.

4. Bimco turns its back on Baltic Dry
Baltic Dry has changed to such an extent that the index no longer serves as a proxy for the dry bulk sector overall, says Bimco Chief Analyst Peter Sand, who thus takes down an institution in the shipping sector.

5. Clothing giant H&M first to try on Maersk’s landmark carbon-neutral transport offering
In claiming another first for the industry today, Maersk has unveiled a carbon-neutral product using biofuel that it is now offering to select clients. Clothing giant H&M Group is the first company to trial it as part of the shift towards carbon-neutral transportation. The biofuel in the pilot project is the same blend of used cooking oil tested and validated in a trial driven in collaboration with the Dutch Sustainability Growth Coalition (DSGC), and Shell this year.

6. Iceberg resurfaces with Trafigura as its new Noble
The team that took down Hong Kong’s Noble Group has set its sights on another huge commodities trader. Iceberg Research, whose incendiary reports on Noble’s accounting practices from 2015 onwards sparked the dramatic decline of what was Asia’s largest commodities trader, now claims mighty Trafigura, one of the world’s top energy and metal traders with revenues in excess of $180bn last year, has also been cooking its books.

7. Net Income Drops for Carnival, Despite Rise in Revenues
US cruise operator Carnival Corporation has seen a drop in its second quarter net income, despite a rise in revenues. U.S. GAAP net income for the quarter was USD 451 million, as opposed to USD 561 million from the second quarter of 2018.

8. Navy: Limpet Mine Used in Attack was Similar to Iranian Munition
On Wednesday, the U.S. Navy released new information to back up the American claim that Iran was responsible for the recent attacks on tankers in the Gulf of Oman. The unexploded limpet mine that Iranian forces allegedly removed from one of the vessels, the Kokuka Courageous, bears a “striking” resemblance to mines “publicly displayed in Iranian military parades,” according to Cmdr. Sean Kido, the leader of a diving and salvage unit at Central Command.

9. Maritime Anti-Corruption Network to Develop Port Integrity Index
The Maritime Anti-Corruption Network (MACN) has announced a new partnership with the Ministry of Foreign Affairs of Denmark to develop the first ever Global Port Integrity Index and to scale up its collective action activities in West Africa.

10. China Is Buying Iranian LPG Despite Sanctions, Ship-Tracking Shows
fter being hit by the trade war and U.S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick. China sourced around a fifth of its LPG – used as cooking fuel, in cigarette lighters and to make plastic – from the U.S before Beijing slapped a 25% tariff on the gas last August as the trade tussle heated up. Buyers then turned to Iran, which accounted for around a third of imports in April, before President Donald Trump blocked all energy exports from the country in May.


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