InterManager Daily News 08.09.2020.

1. Trump Boat Parade Turns Choppy

A boat parade in support of U.S. President Donald Trump crowded Lake Travis in Texas on Saturday, generating waves and choppy waters that led at least four boats to sink and others to crash into rocks, local officials said, adding that no one was hurt.

2. Search Suspended for Livestock Ship’s Missing Crew

Japan’s coastguard on Saturday suspended its search for crew missing from a cattle ship in the East China Sea due to bad weather from a typhoon, a coastguard said.

3. Japan Offers ‘Unprecedented’ Support to Mauritius for Wakashio Spill

Japan has told Mauritius it would offer support on an “unprecedented scale”, Foreign Minister Toshimitsu Motegi said on Monday, after a Japanese-owned ship struck a coral reef off the country’s southeast coast in late July and spilled oil.

4. Gulf Navigation shuffles management

UAE-based Gulf Navigation has had a management shuffle. Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan has been appointed chairman with Abdulla Atatreh as vice chairman. The company has also welcomed three new board members. The reshuffle is aimed at giving Gulf Navigation a “new start in the maritime sector” post Covid-19, the company stated in a release.

5. Shreyas explains why feeder lines have to consolidate

DP World-controlled Unifeeder Group confirmed last month it is buying Transworld Feeders FZCO, Avana Logistek , including its subsidiary Avana Global FZCO, and Transworld Feeders, the containerised Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics, excluding vessels and bulk operations. The proposed transaction is meant to be completed by the end of the year and would place Unifeeder as the world’s largest feeder operator.

6. BIMCO force majeure clause under way

With an increasing focus on force majeure due to the COVID-19 outbreak, BIMCO has gathered a drafting team to develop a free-standing force majeure clause for use in a variety of contracts.

7. CMA CGM sees strong shipping rebound after coronavirus storm

Container shipping group CMA CGM reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector recovers quickly from disruption caused by the coronavirus pandemic.

8. Global Trade On Course To Recover More Quickly Than Post-2008, Says Leading Economics Body

Rising shipping volumes and increased freight capacity point to a possible V-shaped recovery for global trade, according to a leading economics body. The Covid-19 pandemic lead to a sharp decline in international activity, with governments around the world announcing lockdown restrictions to prevent the further spread of the virus.

9. Piracy In 2020: The Trends You Need To Know

Piracy has existed for as long as there has been maritime trade; it conjures images of sail ships, the jolly roger, treasure and buccaneers on the seven seas. Pirates in the twenty first century, however, are more familiar with semi-automatic weapons than a cutlass, while their treasure is less gold doubloons than hostages and the latest electric goods.

10. India: Shipping Min Directs Ports To Procure, Charter Indigenously-Built Vessels

In line with Prime Minister Narendra Modi’s vision of “Atmanirbhar Bharat”, the Ministry of Shipping has directed all major ports to procure or charter small vessels which are built in India in order to promote shipbuilding in the country.


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