InterManager Daily News 04.11.2019.

1. One more freighter beached by MATMO. General cargo ship QUANG VINH 09 was beached by typhoon MATMO at Quy Nhon coast, central Vietnam, in the evening Oct 30, along with 5 other ships, reported by MB yesterday Oct 31.

2. Canadian container ship chartered by COSCO seized by Indonesian Navy. Container ship SEASPAN FRASER reached Singapore on Oct 31 after a month-long detention or arrest at Tanjung Uban, Bintan, Riau Islands, Indonesia. The ship is in charter of PT Cosco Shipping Lines Indonesia, deployed on Surabaya – Singapore loop.

3. Cargo ship sank in Gulf of Tonkin, 10 missing UPDATE 12 rescued 1 missing. Cargo ship THANH CONG 999 sank in the afternoon Oct 31 some 3 nm from port of destination, Son Duong, Ha Tinh Province, Vietnam, Gulf of Tonkin. The ship, loaded with stone powder, most probably capsized. There were 11 crew and 1 passenger on board, 2 were rescued, picked up from life raft in poor condition, 10 remain missing, SAR under way.
UPDATE: There were 13 people on board, not 12 as was stated earlier. After several hours of search, 12 people were rescued, 1 remains missing.

4. Disabled cargo ship contacted pontoon, Danube Delta. General cargo ship LADY SIRIA suffered engine failure in the morning Oct 30 in front of Tulcea, Romania, in Saint George Branch, Danube Delta, while proceeding downstream with cargo of maize. As can be seen on video, the ship dropped anchor, but couldn’t stop or slow down enough to avoid contact. She contacted a small pontoon jetty, which was pushed ashore and rested on river bank, half submerged.

5. U.S. Charges Foreign Shipping Companies, Engineer Over Illegal Dumping. The U.S. Justice Department has charged two foreign shipping companies and a first assistant engineer related to the alleged illegal dumping oily bilge water from a tanker near San Francisco’s Golden Gate Bridge.

6. Exxon May Take a Pass on Brazil’s Top Deepwater Oil Discovery. Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week. The Irving, Texas-based oil titan already has a large portfolio of offshore Brazil blocks it built up in recent years when access to one of the world’s hottest exploration regions was more affordable, Stephen Greenlee, Exxon’s president of exploration, said in an interview in Rio de Janeiro. The company needs to weigh Buzios against opportunities such as U.S. shale, other deep-water regions and liquefied natural gas projects, he said.

7. Nautilus Labs Interview – How Does A Small Maritime Startup Raise $11M? This week we had the pleasure to interview Matt Heider, CEO of the fast growing startup Nautilus Labs. Nautilus is building artificial intelligence to advance the efficiency of ocean commerce. They deliver technology to help shipping companies reduce fuel consumption, maximize operational efficiency, and optimize fleet performance.

8. ONE Reports Quarterly Profit, But Losses Expected. Japanese carrier Ocean Network Express (ONE) almost hit its target for profitability in the second quarter of its fiscal year, which ended 30 September, posting a positive result of $121m. Thus, after six months, ONE is in the black to the tune of $126m, earned on revenue of $5.98bn.

9. Shipping Industry Must Act to Meet Emissions Targets -IRENA. Immediate action is required if the global shipping industry is to meet a target of halving its carbon emissions by the middle of the century, but how to achieve this remains unclear, a report showed on Thursday. Maritime shipping, which represents about 90% of international trade, accounts for 2.2% of global carbon dioxide (CO2) emissions. The U.N.’s International Maritime Organization (IMO) has a goal to cut greenhouse gas (GHG) emissions by 50% from 2008 levels by 2050.

10. How the Trade War and a Changing China Are Roiling Global Shipping The trade war and China’s economic shift made 2018 a tough year for global shipping and will continue to reverberate through the industry, according to the United Nations Conference on Trade and Development. Maritime shipping volumes grew just 2.7% to 11 billion tons last year, UNCTAD said in its annual review of the maritime industry, less than a 4.1% expansion the year before. The slowdown was broad-based with geopolitical turmoil, recessions in some emerging markets and Brexit also playing a role.


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