InterManager Daily News 25.08.2020.

1. Asia Energy Logistics to liquidate vessel investment unit
Hong Kong-listed bulker owner Asia Energy Logistics (AEL) has announced that the board has decided to liquidate wholly owned subsidiary Ocean Jade Investment. Ocean Jade is a ship investment unit of AEL, and has 50% shareholding in a joint venture with Waibert Navigation, a subsidiary of China’s GNG Ocean Shipping. The joint venture owns two 35,000 dwt handysize bulkers, Hai Baoand Hai Kang.

2. New Dayang Shipbuilding secures debut crane vessel order
China’s New Dayang Shipbuilding has secured an order from domestic company Wenzhou Haobo Harbor Engineering for the construction of a crane vessel. It is the shipyard’s first ever crane vessel order and marks an entry into the offshore engineering vessel market.

3. SBM Offshore buys DSCV stake from Ocean Yield
The vessel is under joint venture OS Installer, owned 75% by Norway’s Ocean Yield and 25% by SBM, and employed on a long-term charter to SBM through to 2026. When the joint venture was set up in 2014, SBM sold the vessel into the JV for $150m.

4. Pollution and Salvage Response Continues After Dredging Vessel Fire in Corpus Christi
The U.S. Coast Guard and partner agencies continue pollution and salvage response for the dredging vessel Waymon L Boyd in Corpus Christi, Texas. Dive and salvage operations commenced at approximately 10 a.m. Sunday morning and were ongoing throughout the day.

5. Maersk Executive Charged In Petrobras Corruption Scheme
Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk, the world’s largest shipping company. The case stems from an investigation that started in 2014 as part of Brazil’s sprawling Car Wash scandal, which has since included suppliers like Maersk and uncovered corruption throughout multiple countries in more than 70 police operations.

6. Piracy: Aegean II Is Safe And Underway
The M/V Aegean II, a Panama-flagged ship boarded by Somali police, is safe and underway, the EU Naval Force said on Saturday, after conflicting reports two days earlier about whether it had been hijacked by Somali pirates.

7. Fate Of English Channel Migrants Entwined In Brexit Talks
The European Union has so far rebuffed British calls for talks on a deal to allow London to send unwanted migrants back to Europe from 2021, and could use the issue as potential leverage in wider Brexit negotiations, diplomats and officials said.

8. Mauritius Oil Spill Highlights Importance Of Global Maritime Laws: UN Trade Body
The devastating oil spill off the east coast of Mauritius has highlighted the need for global adoption of international legislation that govern the seas and protect small island states and their vulnerable marine ecosystems against ship pollution, UN trade body UNCTAD has stated.

9. Bunker Prices In The Pacific Northwest Hike To July Levels On Strengthened Demand, Tight Avails
Prices for bunker fuels in Vancouver and Seattle rose this week to levels last seen in end-July due to an increased demand coupled with tight supply, according to market sources. Marine fuel 0.5%S in Vancouver was assessed Aug. 20 at $342/mt on an ex-wharf basis, up $1 day on day. It was its highest level since a $344/mt value reached on July 29.

10. Iron Ore Prices Have Hit Multi-Year Highs As Demand Soars On Infrastructure Investmen
Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130 a dry metric ton on Tuesday, according to commodity price reporting agency Argus. This is the highest level since 2014.


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