InterManager Daily News 23.07.2019.

1. Korean bulk carrier attacked, robbed in South China sea
Seven pirates on a speedboat attacked Korean bulk carrier CK BLUEBELL early in the morning Jul 22, Korea’s Yonhap news agency said attack took place “near Singapore Strait”. Crew were robbed, pirates left the ship with roughly $13,000 in cash and valuables like laptops and smartphones. The ship was well into South China sea at the time of the assault, near Riau Archipelago in position 02 56N 105 11E, en route from Santos Brazil to Incheon Korea, via Singapore, where she anchored on Jul 20. The ship left Singapore on Jul 21. Several crew said to suffer minor injures while trying to resist pirates.

2. Safe Bulkers Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Safe Bulkers (NYSE:SB) from a hold rating to a buy rating in a research note issued to investors on Wednesday, reports. The brokerage currently has $2.25 price target on the shipping company’s stock.

3. Surging Dry Bulk Shipping ETF Up 40% In Past Month Doesn’t Mean All Is Well
An ETF strategy that tracks dry bulk freight futures has surged in recent weeks, along with the jump in the widely observed Baltic Dry Index, but some have warned of global growth concerns that could pressure trade. The Breakwave Dry Bulk Shipping ETF (NYSEArca: BDRY) advanced 38.8% over the past month and increased 60.3% over the past three months.

4. Two more Iranian ships may be stranded in Brazil as sanctions bite
Two more Iranian bulk carriers that came to Brazil carrying urea and were expected to return home with corn could be left without enough fuel, as Brazilian state oil firm Petrobras refuses to provide them with bunker fuel due to U.S. sanctions. Ship tracking data shows that Panamax-type vessels MV Delruba and Ganj, currently located near the Imbituba port in southern Brazil, were scheduled to run the same route as two other Iranian vessels, Bavand and Termeh, whose refueling problems Reuters reported on Thursday.

5. 2020 Bulkers hurries newcastlemax delivery schedule
Amid a booming market, Oslo-listed 2020 Bulkers has managed to get a Chinese yard to deliver five of its eight scrubber-fitted newcastlemaxes on order eight months earlier than scheduled. The CEO of 2020 Bulkers Management, Magnus Halvorsen, commented: “We are very pleased with the good progress of our newbuilding program at New Times Shipyard, particularly in the light of the recent improvements in the dry bulk market.”

6. Iran releases images of detained Stena Impero crew as UK readies response
Iranian authorities have said the 23 crew of the Stena Impero detained in the port of Bandar Abbas since Friday are okay. The UK-flagged ship owned by Stena Bulk was seized by Iranian special forces while transiting international waters in the Strait of Hormuz, likely in retaliation for Gibraltar, a British sovereign territory, arresting an Iranian VLCC earlier this month.

7. Drewry: Fairly Modest Growth Expected in Asia-Med Trade
Asia to the Mediterranean trade appears to have bottomed out, but growth during the rest of the year is likely to be fairly modest, according to shipping consultancy Drewry. The westbound Asia-Med trade enjoyed a good start to the year, but recent pricing levels suggest that things are levelling off.

8. Shipping companies must carefully review contracts before entering Strait of Hormuz
Shipping companies could be at odds with both charterers, insurers and lenders if they do not carefully examine their contracts before entering the Strait of Hormuz, a lawyer tells ShippingWatch following this weekend’s events.

9. Interview:Pianist Antimo Magnotta Survived the Costa Concordia Capsize
Italian pianist and composer Antimo Magnotta was resident pianist on board the Costa Concordia when it tragically sank in 2012, claiming 32 lives. Miraculously surviving the shipwreck, which took the lives of some of his fellow musicians, Magnotta’s story serves as a reminder of the restorative powers of music and the resilience of the human spirit.

10. All 23 crew of seized British-operated tanker are safe: Iranian TV
The crew of the British-flagged Stena Impero tanker seized by Iran’s Revolutionary Guards are all safe, the head of the Ports and Maritime Organisation of Iran in Hormozgan Province told state TV on Sunday. “All 23 crew members aboard the ship are safe and in good health in Bandar Abbas port,” Allahmorad Afifipour said.


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