InterManager Daily News 02.06.2020.

1. FPSO fire off Newfoundland
FPSO TERRA NOVA, positioned E off Newfoundland and Labrador in the Atlantic, suffered fire on board either early May 30 or late May 29. FPSO is undergoing maintenance works with no oil or gas in her tanks. Fire understood to be minor, it was extinguished by personnel, no injures reported, extent of damages unknown. There are presently, 82 personnel on board, understood there was no evacuation.

2. Weird stuff in Indian ocean, Aframax out of control for some 5 hours
An email was sent to all ships managed by a company, reporting abnormal phenomenon, which occurred on board of one of the ships of this company, Aframax tanker, early in the morning May 31. The ship slowly but steadily, went out of control, with magnetic compass deviating from that of gyro by some 230 deg, speed reduced to dead ahead, notwithstanding the engine being in full ahead regime.

3. Tullow Oil: 58 Workers Test Positive for COVID-19 on FPSO Off Ghana
Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO) tanker. Another worker tested positive on the FPSO itself, but production remains unaffected, the company said.

4. Panama Canal transits see substantial drop due to Covid-19 pandemic
The Panama Canal is feeling the effects of the Covid-19 pandemic with a substantial drop in ships transit in April and May, Panama Canal Authority (ACP) Administrator Ricaurte Vásquez, said in a virtual forum organised by a local newspaper.

5. Crisis to cause ‘unprecedented decline’ in container traffic: Clarksons
Crowe told a webinar on Container Shipping and Ports organised by Ernst & Young (EY) and Maritime London this week that global containership calls were down by about 5% in the year to date at 21 March, while those by vessels of 8,000 teu and over dropped 10%.

6. Standard P&I Club to end 135-year management contract with Charles Taylor
Directors of the Standard P&I Club have announced that the mutual insurer’s management is to be transferred from the US-owned third-party manager, Charles Taylor Group, to an in-house arrangement in a transition that will extend from July this year until August 2021.

7. India Bunker Suppliers Seize Some Demand From Sri Lanka On Price Appeal
Lower bunker prices in India have prompted some demand to shift from Sri Lankan ports to Indian ones, offering reprieve to suppliers reeling under the pain of tax burden and shrinking demand owing to coronavirus-led lockdown, an analysis by S&P Global Platts showed this week.

8. U.S. Crude Stocks Swell As Tankers From Saudi Arabia Unload
U.S. petroleum inventories increased sharply last week as the fleet of tankers sent from Saudi Arabia at the height of the volume war started to discharge their crude while the recovery in domestic fuel use remained sluggish.

9. In Northern Brazil, Iron Ore Keeps Flowing As Vale Miners Battle Coronavirus
In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale SA’s massive iron ore mine in northern Brazil, came down with a dry cough.
Soon, he said, six others in his crew of about 40 workers fell ill with classic symptoms of COVID-19, the respiratory illness caused by the novel coronavirus. Fidelis, a labor organizer who tested positive for the virus 10 days later, is far from alone.

10. 2020’S Oil Demand Recovery Seen A Bit Slower, 2021 Demand Downgraded
Rystad Energy’s weekly comprehensive Covid-19 report calculates the effect of the novel coronavirus on our lives and offers updated estimates for global fuel markets.
As a result of recent developments, with travel restrictions, quarantine obligations and new government policies announced daily around the world, we are making frequent updates to most of our estimates.’s+oil+demand+recovery+seen+a+bit+slower%2C+2021+demand+downgraded


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