InterManager Daily News 18.07.2019.

1. Panamax bulk carrier contacted yacht, Piraeus
Bulk carrier STAHLA contacted sailing yacht TATIANA RED (flag Canada, no other details found) off Piraeus, Grrece, on Jul15, understood while maneuvering in anchorage area. Bulk carrier is en route from India to Ukraine, probably she called Piraeus for bunkering or supplies. Yacht’s mast was broken,solo yachtsman on board came out unscathed. yacht is to be repaired, bulk carrier resumed voyage on Jul 16.

2. Maersk opens new possibilities in shipping of perishable goods
Maersk, the global integrator of container logistics, completed its first successful shipment of mangoes from Nhava Sheva in Mumbai, to Felixstowe, London. Exporter, Bombay Exports, exported 21 tonnes of Kesar and Badami mangoes within a period of three weeks through Maersk’s reefer containers that use advance Remote Container Management (RCM) technology.

3. Epic Gas Completes Acquisition Of Two Ships
Epic Gas Ltd., the leading LPG shipping solutions company, today announced that it has completed the acquisition of two of the four ships that it previously referenced in April 2019. The vessels, the Kahyasi and Kris Kin, , are all modern second-hand 11,000cbm Japanese-built pressurised LPG carriers that were built in 2015.The remaining ships, the Kingcraft and Kisber, also both 11,000cbm Japanese-built pressurised LPG carriers built in 2015, are due to complete in July and August. Two of the four vessels immediately enter a two-year time charter with a leading LPG commodity trading and shipping company.

4. Seven Islands invests $56.5 m to expand fleet
Canadian billionaire Prem Watsa-led Fairfax-backed Seven Islands Shipping Ltd has spent $56.5 million to buy seven mid-sized oil tankers, at a time when other Indian fleet owners are holding back on expansion due to weak freight rates. In March, Fairfax India Holdings Corporation invested $72.1 million for a 41.4 per cent stake in Seven Islands, which is India’s second biggest private tanker shipping company.

5. Hyundai Global Service and Intellian sign strategic partnership in satellite communications
Intellian, the global leader of mobile satellite communication antenna systems, signed a strategic partnership in satellite communications with Hyundai Global Service (HGS), a marine engineering & service provider and subsidiary of world’s No.1 shipbuilding company Hyundai Heavy Industries (HHI) group, on July 15 at Centum Science Park in Busan, Korea.

6. Alphaliner detects two-tier box shipping market
In its half-year review of the container shipping market, analysts at Alphaliner say they have detected the advent of a two-tier market, split between healthier big boxships and struggling smaller vessels. The cellular containership fleet reached 22.7m teu as at July 1 2019, for a year-on-year growth of 3.7%.
Slowing demand growth has weighed heavily on the market’s overall performance, Alphaliner in its mid-year report. Alphaliner’s charter rate index is down 14% year-on-year.

7. TOP Ships Secures Loan for One MR2 Vessel
Greek tanker owner and operator TOP Ships has concluded a financing agreement with an undisclosed Chinese financier to refinance one of its MR2 tankers. As informed, the gross proceeds from the new financing amount to USD 25.6 million and will be used mainly to refinance the facility of the 49,700 dwt Stenaweco Excellence with Nord LB.

8. Commodity trader sues Torm and Valero
Commodity trader Gunvor demands damages from Torm and Valero in a case about 300,000 barrels of the petroleum product naphta. According to the commodity trader, the product was contaminated.

9. Emirati Product Tanker Goes Missing Near Iran
American officials have raised concerns that Iran may have seized the 1,900 dwt product tanker Riah. The AIS signal for the Riah (IMO 8816455) was last detected by commercial tracking services on Saturday. At the time of the last transmission, she was under way in the Strait of Hormuz, making two knots and headed for the Iranian-controlled island of Qeshm.

10. We Remain Positive on Shipping Rates Over the Next Two Years : Mr. Sushil Saigal, Director, Saigal Sea Trade
Mr. Sushil Saigal is one of the best known and respected names in the shipping industry. He shared his thoughts on a range of subjects such as Current market trends, reasons of recent improvement in freight rates, Will BDI continue this trend? Is it sustainable?, Coal imports into India, . Iron Ore Imports into China, it’s effect on the dry bulk market and his suggestion to policy makers with respect to Indian Maritime Sector etc.


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