InterManager Daily News 14.10.2019

1. Expedition Cruise Operators Agree to Ban on Use and Carriage of HFO in Arctic
Expedition cruise ship operators have agreed to a self-imposed ban on the use and carriage of heavy fuel oil (HFO) in the Arctic. The self-imposed ban was organized by the Norway-based Association of Arctic Expedition Cruise Operators’, which represents the leading expedition cruise operators.

2. Global Oil Demand Growth to Slow from 2025 – IEA
Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday.
The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the period to 2040 that demand growth would continue to increase even though there would be a marked slowdown in the 2030s.

3. ABS Issues Guidance for Fighting Container Fires
International classification society the American Bureau of Shipping (ABS) has published guidance to address fire-fighting and safety systems of cargo holds of containerships following a series of high-profile incidents. The guidance specifies the ABS requirements for addressing fire safety in four key areas, including fire-fighting for containers stowed on deck, fire-fighting for containers stowed below, fire safety of the deckhouse and container hold flooding as a measure for fire-fighting.

4. Peninsula Plans to Double IMO-Compliant Fuel Sales by Year-End
Marine fuel supplier Peninsula Petroleum said on Tuesday it plans to double deliveries of very low-sulphur fuel oil (VLSFO) to 600,000 tonnes by the year-end, just before new shipping rules take effect globally to restrict sulphur emissions.
“To date we have delivered 300,000 tonnes of VLSFO in our physical supply ports of Gibraltar, Algeciras, Barcelona, Amsterdam-Rotterdam-Antwerp, Canary Islands, Malta, Panama, U.S. Gulf Coast and Los Angeles,” CEO John A. Bassadone said.

5. Gasum Acquires Linde’s LNG-Related Businesses
Under the deal signed on November 13, 2019, several assets will be transferred to Gasum including an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway. As explained, the acquisition would strengthen Gasum’s strategy by developing the Nordic gas market and creating a platform for a broader offering in the maritime, industry and road transport segments. In addition, it would accelerate Gasum’s growth strategy for cleaner transport solutions in the Nordic heavy-duty vehicle market.

6. US Gov’t Awards USD 20 Mn for Conley Container Terminal Upgrade
The Massachusetts Port Authority (Massport) will receive a USD 20 million grant from the US government for the upgrade of the Port of Boston’s Paul W. Conley Container Terminal. The funding for the Conley Terminal Container Storage and Freight Corridor project is part of the USD 900 million investment in American infrastructure announced by the US Department of Transporation on November 12, 2019. “The Administration is targeting BUILD Transportation grants to repair, rebuild, and revitalize significant infrastructure projects across the country,” US Secretary of Transportation Elaine L. Chao explained.

7. China’s COSCO Sets Up New Company for Intra-Europe Services
China’s COSCO Shipping Lines has established a new subsidiary that would focus on intra-Europe feeder operations. As explained, Diamond Line GmbH will be a wholly-owned subsidiary of the Chinese giant and is envisioned as a solution to provide a quicker response to the market. A specific time of the transfer of the services from COSCO to Diamond Line is yet to be announced. COSCO noted that the carrier code would remain COEU while the sales channel and the network of customer service would remain unchanged.

8. Alcohol Leads to Fatal Fall aboard Cargo Ship, Transport Malta Says
A high level of alcohol may have led to the fatal fall of the second engineer onboard the general cargo ship MV Khosrov Bey while underway in November 2018, according to a report by Transport Malta’s Marine Safety Investigation Unit. An investigation into the incident showed that the high level of alcohol may have impaired the seafarer’s cognition or caused poor coordination.

9. Hyundai Heavy Submits Regulatory Application in the EU for DSME Deal
South Korean shipbuilding group Hyundai Heavy Industries (HHI) has started a regulatory process in the European Union to gain approval for the proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME). HHI has submitted its application to the European Commission to take over its smaller rival, Yonhap News Agency reported.
The request will now be reviewed by the antitrust regulator which will determine whether the transaction would reduce competition in the global shipbuilding market.

10. Indian Oil Minister Expects Saudis To Provide Crude To SPR In 2020
India expects to strike a deal in 2020 with Saudi Aramco to provide crude to its Strategic Petroleum Reserves as well as invest in the country’s storage facilities, India’s energy minister told S&P Global Platts”UAE has already invested in our strategic storage,” Dharmendra Pradhan told Platts Tuesday at an oil industry conference in Abu Dhabi. “Aramco is going to do that. Very soon the deal will be clinched I hope in 2020.”


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