InterManager Daily News 17.09.2019.

1. Lighter container ship with 152 containers sank off Chittagong
Container lighter ship, presumably under the name GOLF ARGO, sank in Bangladesh waters at night Sep 12, with 152 containers on board, bound for Kolkata, India. The ship sailed from Chittagong, suffered engine failure and being caught in rough seas, capsized. 14 crew, all Bangladeshi, were rescued in the morning Sep 13 by Bangladesh Navy ship. No data available on ship’s details, as on all or nearly all Chittagong lighter ships. No news on 152 containers, but surely, some of them or most of them, should be afloat in waters off Chittagong, posing navigational danger.

2. Cement carrier grounding, Greece
Cement carrier SIRIOS CEMENT I with load of cement while departing for Italy, ran aground in Gulf of Saloniki, Greece, at around 1100 LT Sep 14. The ship was refloated some 4 hours later with the help of tugs, and taken back to Thessaloniki Port, for inspedtion. As of 1700 LT, she was still at port. No news on damages yet.

3. Offshore supply ships collided at Ciudad del Carmen, Mexico
Offshore supply ship CALETA went out of control due to mechanical failure while leaving Ciudad del Carmen port, southeast Mexico, Gulf of Mexico, and struck berthed offshore supply ship DONA DIANA, at 0340 LT Sep 13. DONA DIANA was about to set sail with some 80 oil platform replacement personnel on board, to be transferred to oil platforms. DONA DIANA suffered starboard hull breach above waterline, her trip was cancelled. CALETA sustained superficial damages.

4. Bulk carrier struck pier, both damaged, Yangtze river
Bulk carrier HUA JIANG 17 lost control and smashed into pier at Hauifu Grain Terminal, Taizhou, Jiangsu Province, Yangtze river, on Sep 13. Pier reportedly, was severely damaged, no news on ship’s damages, but from the looks of collision, damages may be serious.

5. Houthi Drone Attack Hits the Heart of Saudi Arabia’s Oil Industry
By Stephen Kalin, Rania El Gamal and Dmitry Zhdannikov RIYADH/DUBAI/LONDON, Sept 14 (Reuters) – Yemen’s Iran-aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia’s oil industry, including the world’s biggest petroleum processing facility, in a strike that three sources said had disrupted output and exports. Two sources close to the matter said 5 million barrels per day of crude production were impacted – close to half of the kingdom’s output or 5% of global oil supply. Another source said some production was shut down as a precaution and that most of the lost output capacity would resume within days.

6. Rome Lets Migrant Rescue Ship Into Italian Port
by Crispian Balmer (Reuters) – Italy’s new government allowed a French charity ship to bring ashore 82 migrants on Saturday in an apparent reversal of the uncompromising, closed-door policy of the previous administration. However, Foreign Minister Luigi Di Maio, who heads the 5-Star Movement in the governing coalition, said the Ocean Viking was only being given access to the southern island of Lampedusa because other European states had agreed to take in many of those on board.

7. Baltic index down on muted capesize demand; falls 6% this week
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, declined on Friday for a seventh consecutive session as losses in the capesize vessel segment continued. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 19 points, or 0.8%, to 2,312 points. The index has fallen 6.1% this week, its first weekly loss in five weeks. The capesize index dropped 65 points, or 1.4%, to 4,547 points, marking its seventh straight session of losses.

8. Zero-carbon shipping will double freight rates
Shippers should prepare for 100 percent hikes in freight costs in pursuit of global climate change goals, delegates at an International Chamber of Shipping conference were warned earlier this week. Lord Turner, chair of the U.K.’s Energy Transitions Commission, said shipping was one of the hardest sectors in the global economy to decarbonize. Even so, he argued that technology and the use of zero-carbon fuels such as ammonia and green hydrogen could make shipping zero-carbon by 2050 if shippers and consumers accepted a doubling of transport costs.

9. Suezmaxes the winners from Chinese oil tariffs
Last month’s decision by Beijing to slap a retaliatory 5% tariff on imports of US crude oil will hurt VLCC earnings, but could be good news for suezmaxes, posits Alphatanker in its latest weekly report. While much replacement crude will head from West Africa to China on VLCCs, this voyage is 18 days shorter than cargoes heading from the US Gulf, the AXS Marine subsidiary pointed out, leading to a predicted lower ton mile demand for VLCC voyages into China over the next few months.

10. WOC and LNG Marine Fuel Institute Sign MOU
The World Ocean Council (WOC) and LNG Marine Fuel Institute (LNG MFI) have forged a partnership to collaborate in advancing LNG as a marine fuel, and the research and development of technical standards, regulations and management strategies for LNG in the global shipping trade.


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