InterManager Daily News 30.06.2020.

1. Pioneer of Indian Maritime Industry lost Battle against COVID-19
Today saw the loss of one of the icons of the Indian Maritime industry, Capt H Subramaniam who succumbed to COVID 19 and left for his onward journey. The man behind the world renowned ‘Nutshell series’ books, Capt Subramaniam spearheaded Maritime Training in India and was Principal Emeritus of the LBS Nautical College in Mumbai, India.

2. U.S. Navy Accepts Delivery of Future USS Oakland (LCS 24)
Oakland is the 22nd littoral combat ship (LCS) and the 12th of the Independence variant to join the fleet. Its delivery marks the official transfer of the ship from the shipbuilder to the Navy, bringing the service’s inventory up to 300. It is the final milestone prior to its scheduled commissioning in early 2021.

3. Compulsory Biofouling survey for cargo vessels arriving in New Zealand
A Biosecurity New Zealand-organised biofouling survey will involve compulsory hull checks for up to 40 arriving cargo vessels. The ships randomly selected to take part in the survey will be required to undergo a dive inspection and answer questions about biofouling.
4. Costa Cruises gives Filipino, Chinese crew members a lift home
A second Costa Cruises ship has sailed to Manila, the Philippines, to bring Filipino crew members home amid the difficulties of COVID-19-related travel restrictions. Costa Veneziaarrived on 28 June 2020, days after bringing 310 Chinese crew members home via Shekou port in Guangdong Province, China.

5. Iran launches key pipeline project to bypass Strait of Hormuz for oil exports
Iranian President Hassan Rouhani launched an oil pipeline project which will enable the country to export its oil using a route other than the Strait of Hormuz, Tasnim news agency reported.“What is strategic about this project is that many countries in the region have managed to find a second way so that they can export their oil using other routes whenever the Strait of Hormuz faces danger,” Rouhani said addressing a ceremony to inaugurate the project.

6. Bahri operates cargo flights to transport medical equipment and supplies to KSA
In continuation of its ongoing efforts to support the Ministry of Health’s initiatives to contain and combat COVID-19 and as part of its SAR 10 million worth of services donated to the Ministry, Bahri, a global leader in logistics and transportation, has been operating cargo flights from China to Saudi Arabia to transport medical equipment and supplies to the government of Saudi Arabia.

7. Suez Canal Economic Zone reports $581.6mln in revenues from 6 seaports
The Suez Canal Economic Zone (SCZone) has reported revenues of EGP 9.4bn between July 2016 and June 2020 from six ports under its supervision.
The SCZone reported the divs in a report entitled “Axis of Hope”, which it issued on Saturday. SCZone Chairperson Yehia Zaki said the zone has succeeded in attracting large investments, particularly from abroad.

8. Cyprus Ship Finance Holds Steady Amidst Shrinking Market
Cyprus banks have remained steady, building a regular niche clientele, in shipping finance as the overall market experiences a sharp contraction, according to Nigel Lowry, Athens correspondent for Lloyd’s List, who spoke to the Cyprus Mail on Wednesday. A report released by Petrofin Bank Research in Athens on Monday documented the extent of the contraction.
“Cyprus banks have only entered the market about four years ago, and since then they’ve made regular progress. Much of the business has come from Greece, but there have been clients from every major shipping fleet. Much of the dealing is with small and medium-sized ship owners,” Lowry commented.

9. Urals U-Turn As Europe Shuns Expensive Russian Oil
The rapidly rising price of Russia’s flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday. Urals, a blend of heavy sour oil from the Urals mountains and Volga river region and light oil from Western Siberian fields, has traded at a hefty premium of more than $2 per barrel to dated Brent — a global benchmark — since April, up from a discount of around $4 per barrel.

10. China Retaliates To India By Stopping Indian Manufactured Products At Its Ports
China has retaliated India’s custom hurdles of its manufactured products with equal measure. Indian exporters have begun to face similar issues with their consignments at the Chinese ports, as per an Indian Express report.
After the development, Federation of Indian Export Organisations (FIEO), an apex body of export promotion councils, wrote a letter to the Ministry of Commerce and Industry, stating that Hong Kong and Chinese Customs were holding back export consignments from India over the last few days.


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