InterManager Daily News 07.08.2020.

1. Massive blast at Beirut port kills at least 10 people and injures hundreds
The massive explosion at Beirut’s port caused widespread damage to buildings, shattering windows in different parts of the city. It sent shockwaves across the capital, killed 10 people and injures hundreds.

2. Bangladesh: Seafarers’ children to get increased education aid
This year, the children of Bangladeshi seafarers will get an increased amount from the Seaman’s Education Trust Fund, as the COVID-19 pandemic has devastated their parents’ economic conditions.

3. Chinese crew on cruise ship repatriated after 130 days at sea
A group of Chinese seafarers has been repatriated after spending more than four months at sea, a rare positive development as 200,000 seafarers remain stranded amid the international crew change crisis.

4. Havila Shipping secures extension for PSV pair
Norwegian OSV operator Havila Shipping has announced that Total has extended the contracts for PSV vessels Havila Fano and Havila Heroy. The new contracts for the vessels have been extended to June 1, 2021, and Total also has three one-month options for each vessel.

5. LNG-fuelled ships in the crosshairs as IMO details landmark GHG study
The International Maritime Organization (IMO) has released its keenly awaited fourth greenhouse gas study, which starkly shows the huge challenge shipping faces to cut its carbon footprint. Proponents of LNG as shipping’s next fuel will also have reacted with shock to certain findings contained in the report.

6. K Line to slash fleet to stem red ink
Kawasaki Kisen Kaisha (K Line) is taking drastic action as it fights to contain red ink stemming from the effects of the coronavirus pandemic. In announcing a loss today for the first quarter ending on June 30, the Japanese shipping giant laid out plans to slash its fleet by more than 50 vessels through to 2025.

7. Container carrier diverts vessel as Port of Montreal labor strikes continue
German container carrier Hapag-Lloyd rerouted one of its ships as another strike by the Port of Montreal longshoremen’s union threatened to further disrupt port operations.
Hapag-Lloyd said it would divert the M.V. Detroit Express to the Port of Saint John, New Brunswick, for its expected arrival in Canada on Aug. 8, although its ship M.V. Toronto Express would maintain its call to Montreal Aug. 5.

8. Spotlight: Urals is weakening with more production and alternative crudes pricing to compete in Europe
The OPEC+ cuts have constrained the global supply of sour crude, as the largest production curtailments have come from Saudi Arabia, Kuwait, and other Middle Eastern countries. European refineries have seen lower monthly allocations as a result.

9. Belarus President pledges new oil, gas infrastructure by 2025
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10. Egypt’s private economic activity hits 1-year high: PMI
A contraction in Egypt’s non-oil private sector slowed to its lowest rate in a year in July as parts of the economy opened from a months-long coronavirus shutdown, with output and new orders expanding, a survey showed on Wednesday.


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