InterManager Daily News 16.08.2019.

1. Freighter with timber bound for Sweden aground, Russian Inner Waterways
General cargo ship OMSKIY-137 at 0415 Moscow time Aug 14 ran aground on river Svir, North West Russia, S-Petersburg Region. The ship is en route to Sweden with cargo of timber. Ballast tanks were breached, crew unable to control water inflow with ship$B!G(Bs means. The ship is to remain aground, outside fairway, waiting for lightering. Part of cargo, enabling refloating, is to be relocated to sister ship OMSKIY-133 by a floating crane.

2. Chemical Tanker Shipping Market Witness Lucrative Growth Of $2.50 Trillion By 2025: Grand View Research, Inc.
According to a report,$B!I(BChemical Tanker Shipping Market Analysis By Product (Organic, Inorganic, Vegetable Oils & Fats) By Shipment Route (Inland, Coastal, Deep Sea) By Cargo Type, By Region, And Segment Forecasts, 2018 ? 2025$B!m(B, published by Grand View Research, Inc., The global chemical tanker shipping market is anticipated to reach USD 2.50 trillion by 2025, according to a new report by Grand View Research, Inc. The growing chemical trade on account of increasing manufacturing activities across the world is projected to augment market demand. The disparity in regional production and demand trends has triggered the global trade for chemicals and derivatives.

3. Brazil readies its biofouling task force
Biodiversity can be threatened by organisms which can build up on ships$B!G(B hulls and other marine structures, a process known as biofouling. During a workshop in Arraial do Cabo, Brazil (5 August), experts on biofouling and invasive species and others took the first steps towards setting up a national task force to tackle the issue. Brazil is one of 12 lead partnering countries in the GEF-UNDP-IMO GloFouling Partnerships project, which aims to protect marine biodiversity by addressing biofouling.

4. Capes surge as tonnage in Atlantic basin thins
A sudden thinning of cape tonnage in the Atlantic basin as Brazilian miner Vale ramps iron ore exports saw the Baltic Dry Index leap yesterday, with analysts confident the cape sector could enjoy a very solid few weeks ahead. The BDI climbed by 86 points or 4.61% yesterday, reaching 1950 points, with many expecting the index to break through the 2,000 barrier today.

5. Grace 1 expected to leave Gibraltar today
The Grace 1, a VLCC that sparked huge geopolitical tension in the Middle East over the past six weeks, is being widely tipped to leave Gibraltar waters today. It is understood that the authorities in the British territory have had assurances from the ship$B!G(Bs master that the vessel will not head for sanctions-hit Syria, the reason why it was detained on July 4.

6. Work Begins on AIDA Cruises$B!G(B New LNG-Fueled Ship
German shipbuilder Meyer Werft has cut the first steel for the next cruise ship for AIDA Cruises. The steel cutting ceremony was held in Papenburg on August 15, marking the start of production of the new cruise vessel. The newbuild will be fitted with an environmentally-friendly liquefied natural gas (LNG) propulsion system, like its sister ship AIDAnova which was delivered in late 2018.

7. Golden Ocean Sinks Deeper into the Red
Norwegian dry bulk shipping company Golden Ocean Group Limited (GOGL) has widened its net loss during the second quarter of 2019. The company recorded a net loss of USD 33.1 million during the quarter, compared with net loss of USD 7.5 million reported in the first quarter of 2019.

8. Maersk reports profit of USD 154 million after “solid progress”
The world’s largest container liner company Maersk delivers an improved operating profit and underlying result in the second quarter. The group’s core Ocean business unit was the main growth driver.

9. BIMCO: US soya bean exports – up or down? What’s next for this trade?
In the first eight weeks of the 2018/19 marketing year accumulated US exports are down 39%, from 12.2 million tonnes on 26 October 2017 to 7.5 million tonnes on 25 October 2018. $B!H(BWhile weekly exports this season have been consistently lower than last season, the week to 18 October marked the single biggest decrease, from 2.5 million tonnes in the corresponding week last year, to just 1.1 million tonnes. This represents a 56% reduction. The week to 25 October confirmed the downward trend.

10. CMA CGM ups rate US$200/TEU from Asia to Red Sea August 21
FRENCH shipping giant CMA CGM has announced the following Rate Restoration effective August 21 fromo the bill of lading date of issue. The rate increase – US$200 per TEU – will apply from Asian ports to Red Sea ports and on all cargo: dry, OOG, breakbulk and reefer cargo, the company said.


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