InterManager Daily News 19.07.2019.

1. Bulk carrier explosion, South China sea
Bulk carrier suffered explosion at around in the morning Jul 17, no AIS signal during last 44 hours.

2. Russian cargo ship disabled, towed to Busan
General cargo ship GRANIT suffered engine failure at 0558 UTC Jul 17 in Japan sea, some 16 nm off Ulsan port, Korea, while en route from Busan to Vladivostok with 1436 tons of general cargo on board. The ship was taken on tow at around 1300 UTC Jul 17 by a Korean tug, towed back to Busan, and berthed at 0420 UTC Jul 18.

3. Tanker aground, SEA
Tanker ran aground while approaching port in South East Asia, in the morning Jul 17 local time. As of 1730 UTC Jul 17, tanker is still aground, reportedly salvage company contacted.

4. Cape surge shows no sign of slowing
Capesize bulkers are now trading for in excess of $31,000 a day, leading a surge across all dry bulk segments with the Baltic Dry Index closing yesterday at 2,064 points – a high not seen since the start of 2014. Unconfirmed reports yesterday emerged of one exceptional spot fixture concluded for a Black Sea to Asia voyage at $70,000 a day.

5. Weekly Broker: Soaring bulk fortunes spark record sales week
As the sentiment in the dry bulk market continues to strengthen, the investors’ confidence in secondhand tonnage has been greatly boosted in the past few weeks. The Baltic Dry Index surpassed 2,000 points this week, and is now at heights not seen since 2013. London brokers Alibra point out that in the last week we have seen the highest number of sales concluded in the secondhand dry bulk market so far this year with larger sizes dominating sales, while interest across all segments continues to grow.

6. Egypt Unveils Shipping Incentives
The Egyptian government has announced a new package of incentives and discounts for shipping companies in a bid to ensure the sustainability of shipping lines’ schedules.

Vessels calling at Egyptian ports and transiting Suez Canal can now expect savings reaching up to 45% on the fees of navigational aids and lighthouses.

7. Sun Enterprises Orders Tanker Pair at Daehan
Greece-based shipping company Sun Enterprises has placed an order for two Aframax tankers at South Korean Daehan Shipbuilding Co. Ltd. (DHSC). The company will pay over USD 50 million per unit, according to data provided by Asiasis.

8. Climate mitigation could see fleet value halve
Shipping’s climate mitigation efforts might, according to a new report, have such far-reaching consequences for tanker and dry bulk shipowners that the value of their ships will be halved. “The time to react is now,” warns the report. ShippingWatch provides an overview.

9. Iranian forces seize foreign vessel in Strait of Hormuz
Sunday, Iran detained a foreign tanker vessel in the Strait of Hormuz. The ship was allegedly smuggling oil out of Iran, writes AP with reference to Iranian state media.

10. Compliance with IMO 2020 likely around 90%-95% in initial years: consultant
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% or 95% in the initial years after 2020, well above some industry estimates that pointed to compliance of 70%-80% a year ago, a bunker industry veteran and senior partner at 2020 Marine Energy, Adrian Tolson, said at an industry event.


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