InterManager Daily News 14.10.2020.

1. Indebted Indian cruise company shuts operations and abandons crew
Sixty crew members stranded aboard Indian cruise liner Karnika have been pushed into a more perilous situation after indebted owner Jalesh Cruises put out a notice to shut operations amid mounting unpaid wages claims and litigation.

2. China opens 10 ports for crew change
The Chinese government has opened 10 ports for crew change. These are Dalian, Tianjin, Qingdao, Shanghai, Ningbo, Fuzhou, Xiamen, Guangzhou, Shenzhen and Haikou. The crew change notice, issued by the Ministry of Transport, introduces a quarantine circuit-breaker mechanism.

3. Second bulk carrier struck with virus off Australia’s Pilbara
COVID-19 has hit a second bulk carrier in Port Hedland, Australia. A Filipino seafarer from the Panama-flagged Vega Dream was transferred to the Hedland Health Campus clinical care on 11 October after tested positive for the virus.

4. CMA CGM services back online two weeks after cyber attack
“All communications to and from the CMA CGM Group are secure, including emails, transmitted files and electronic data interchanges,” said the CMA CGM representative. They also confirmed that all applications and essential functions are up and running, including bookings, tracking, route finders, and invoicing.

5. ADS Crude Carriers down to last vessel after VLCC sale
Oslo-listed ADS Crude Carriers has entered into a memorandum of agreement to sell its 2002-built VLCC ADS Serenade. The Japanese-built vessel was sold for a price of $25.5m and it will be delivered to the new owners before the end of October.

6. MSC vessel makes history linking the UAE with Israel
At dawn yesterday the 8,204 teu MSC Paris made history, calling at Israel’s port of Haifa having taken cargo from the United Arab Emirates. The ship arrival comes weeks after Israel and the UAE resumed diplomatic ties and marks the start of a new weekly service from Dubai that will link the two former foes.

7. Maersk ups full-year EBITDA guidance by 14%
Reporting today booming unaudited figures for Q3, A.P. Moller – Maersk has changed its full-year guidance for 2020 in line with the surging container shipping picture seen across the world in recent months.

8. Baltic Index Records Worst Day In Over 2 Months On Capesize Dip
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday to post its worst fall in more than two months, hurt by declining capesize rates.

9. China Opens Up 10 Ports For Foreign Crew Change And Implements A Circuit-Breaker Mechanism
According to our Shanghai office, 7 Chinese governmental bodies including the Ministry of Transportation (MOT) have released a notice last week announcing that 10 Chinese ports will resume foreign crew change operations with certain requirements in place, taking into account of the current COVID-19 situation.

10. Long-Haul Freight Boom Leads To Pre-Peak Capacity Crunch
The average length of haul for requested load tenders has increased 6% or roughly 20 miles since the same period last year. This may not seem like a big deal at first, but with accepted volumes being over 20% higher than this time last year, those miles have a multiplier on them — putting a deeper strain on capacity than the tender volumes alone suggest.


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