InterManager Daily News 24.01.2020.

1. UAE tanker abandoned, drifting in Arabian sea

Tanker issued distress signal at around 0600 UTC Jan 23, reporting flooded engine room, sinking. Indian CG coordinated SAR, all 13 crew were rescued by passing nearby cargo ship, all are reported safe. Tanker is understood to remain afloat, drifting. The ship was en route from Basrah to Hazira India.

2. German 8,500 TEU container ship fire

Post-Panamax container ship NORTHERN JUPITER reportedly suffered fire in engine room early in the morning Jan 4 in Malacca Strait, while en route from Singapore to Port Klang. The ship was anchored and remained at anchor until Jan 10. On Jan 10 she was taken on tow and towed back to Singapore, anchored at Singapore roads on Jan 11, and as of Jan 23, remained in the same position.

3. Chinese supertanker loaded with crude collided with container ship, Singapore Strait

Chinese VLCC XIN JIN YANG collided with container ship DANUM 160 at around 2100 LT (UTC +8) Jan 22 in western Singapore Strait E of Karimunbesar Island. VLCC had to interrupt her voyage in laden condition from Iraq to China, anchored near collision site for inspection. Container ship DANUM 160 continued her voyage from Port Klang to Kuching, Borneo island, Malaysia. No mentioning of heavy damages. Both ships were proceeding in the same direction at the time of collision.

4. European shipbuilding suffers another blow with Uljanik set to be liquidated

Europe has lost another big name in shipbuilding with the authorities in Croatia deciding to liquidate Uljanik, a shipbuilding group whose history dates back to 1856, making it among the world’s oldest shipyards.

Auctions for the company’s assets will begin this year through the state-owned financial mediation company Fina as creditors try to claw back some of the $723m in debts the group has racked up in recent years.

5. BNP Paribas and Credit Suisse sign up to the Poseidon Principles with Chinese banks tipped to join soon

BNP Paribas and Credit Suisse have signed up to the Poseidon Principles, bringing the total number of financial institutions aligned to the green lending principles to 16. Moreover, one of the architects of the principles has suggested a host of Asian finance houses will join the initiative soon.

6. Pools resurface with shipping swimming in data

Shipping pools used to be so 1980s. Now, the past couple of weeks have brought news of Signal Maritime’s effective takeover of commercial management for the Heidmar tanker pools, and Klaveness and Marubeni tying the knot to form one of the world’s biggest panamax bulker pools. Both announcements are heavy on analytics, digitalization and other buzzwords, but also a commitment to renew the concept and make pools more ‘flexible’.

7. Maersk announces its first bunker fee hike in the global sulphur cap era

With very low sulphur fuel oil proving to be more than $250 per ton more expensive than high sulphur fuel oil in the first three weeks of the new IMO 2020 regulation, Maersk has warned clients that effective March 1 it will hike bunker-related tariffs across all trades with an increase range between $50 to $200 per feu. The actual increases per trade will be communicated by end January.

8. Weekly Broker: Boxship sales return

The sale and purchase market was again dominated by tanker sales this past week, while there was also a noticeable pick up in boxship deals on the back of the current solid charter rates on offer across many container ship sizes. Bulker investments, however, have been thin on the ground with the Baltic Dry Index edging close to record low territory this week.

9. IMO Secretary-General Calls For Renewed Cooperation At Davos Forum

At the World Economic Forum in Davos this week, IMO Secretary-General Kitack Lim is calling for renewed cooperation from all stakeholders to tackle the urgent issues of air pollution and greenhouse gas emissions from shipping.

10. North P&I Club Chooses Quest Marine

North P&I Club has chosen Concirrus as a digital partner. Concirrus’ world-leading digital platform, Quest Marine P&I with its data suite and predictive modelling capabilities, will contribute to North’s loss prevention and risk assessment capabilities.


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