InterManager Daily News 01.07.2020.

1. Car carrier and LNG tanker reportedly collided off Ostend, Belgium
According to unconfirmed report, car carrier GRAND VENUS and brand new LNG tanker AMBERJACK LNG collided on Jun 28 at Ostend-Zeebrugge outer anchorage, understood both ships sustained slight damages, though available information is sketchy and incomplete. Both ships were either anchored or moving in loops, waiting for order.

2. Despite Trump’s Calls to Decouple, U.S. Companies Ship More From China Faster
Just as the U.S. president urges American companies to ditch China, many of them can’t get more of China fast enough. Consider the voyage of the container ship Melina, which set sail Wednesday from a Chinese port near Shenzhen with products bound for U.S. households, a hulking symbol of how the flow of goods is adapting in a global economy crippled by a pandemic.

3. North Sea Ro-Ro to Install First Tilting Rotor Sails
Helsinki-based Norsepower will install two tilting Rotor Sails onboard a roll-on/roll-off vessel. Norsepower is a leading provider of auxiliary wind propulsion systems in the commercial shipping sector. The company’s innovative Rotor Sail is a modernised version of the Flettner rotor, a spinning cylinder that uses the Magnus effect to harness wind power to thrust a ship.
4. U.S. Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.

5. Oil Tanker Market May Take Trump’s Sanctions In Stride This Time
The Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be enough to send global shipping costs surging under normal circumstances.
But the demand fallout from the pandemic may have freed up enough vessels to keep prices from skyrocketing as they did last year when the U.S. announced penaltiesagainst units of China’s biggest shipping company for violating restrictions on carrying Iranian petroleum.

6. Nisshin’s bulker sale gathers pace
Japanese heavyweight Nisshin Shipping is in selling mode again, taking advantage of the improved rates seen in the bulker segment this month. Nisshin has reportedly sold four bulkers in two different segments in two weeks.
Last week brokers noted that the active owner sold two kamsarmaxes, one vessel fresh from the yard, the 82,200 dwt Aquavita Air for $29m, and the 81,100 dwt, 2016-built Western Monaco for around $18m.

7. StormGeo: ‘We want to get everyone looking at the shipping universe from the same perspective’
StormGeo, a Bergen-based weather intelligence provider, has plans to establish a shared platform with ports, ships, shippers are all sharing the same tools to optimise their operations. Søren Andersen joined StormGeo as CEO in 2019 having worked for many famous names in shipowning in his career including more than a decade at Maersk.

8. Ship repair prices to soar as lockdown eases
Shipping lines are warned today prices for ship repair operations could double in the coming months as a huge backlog of work gets underway with lockdown restrictions easing. Data from Hamburg-based shipyard matchmaking platform Trusteddocks shows demand for ship repair is set to soar in the second half of the year as delayed dockings get underway.
9. Samsung Heavy goes all in on fuel cells
Bloom Energy and Samsung Heavy Industries (SHI) have signed a joint development agreement (JDA) to design and develop fuel cell-powered ships, an important moment for one of the world’s largest shipyards in showing where it thinks the future fuel debate is headed.

10. Maersk Drilling semi-submersible awarded drilling contract by Petronas
The contract is expected to commence in the third or fourth quarter this year, and has an estimated duration of 75 days. The value of the firm contract is about $20.4m including integrated drilling services, mobilisation and demobilisation fees. The contract also includes an additional one-well option.


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