InterManager Daily News 10.12.2020.

1. Hapag-Lloyd raises earnings forecast
“In the fourth quarter, as well, market demand for container capacities has continued to be surprisingly strong and today we are deploying every available ship. Additionally, we are on track with the cost savings from our Performance Safeguarding Program.

2. DP World, UAE Region’s pioneering digital initiatives attract the limelight at GITEX 2020
DP World, UAE Region, the leading enabler of smart trade,demonstrated its pioneering status and visionary role by realising the potential of technology and utilising it to boost trade, enhance customer experience and increase productivity and efficiency.

3. Turner’s Fighting Temeraire among famous artworks reimagined by Reuben Dangoor to showcase the shipping industry’s transition towards a zero-carbon future
Renowned artist, Reuben Dangoor, has collaborated with Lloyd’s Register to reimagine famed oil paintings of the 17th and 18th century. The six-piece collection sees works of old masters, including the likes of JMW Turner, Vincent Van Gogh and Claude Monet, modified to depict carbon-neutral vessels, emerging infrastructure, maritime technologies and futuristic concept ships that would address shipping decarbonisation challenges.

4. MOL signs Long-term Charter Contract for Methanol Carriers with Waterfront Shipping and construction of Newbuilding Vessel
MOL announced that it has concluded long-term charter contracts for two methanol-fueled, methanol carriers with Waterfront Shipping Company Limited (WFS; President: Paul Hexter; Headquarters: Vancouver, Canada). The vessels will be equipped with dual-fuel engines that can run on environment-friendly methanol or conventional fuel oil. They are slated for delivery at Hyundai Mipo Shipyard (South Korea) in 2021 and 2023 and will transport methanol for WFS.

5. Seaspan orders five 12,200 teu boxships backed by 18-year charters
Seaspan Corporation has sealed an order to build five 12,200 teu containerships backed by 18-year charters worth a total of around $910m. Seaspan did not reveal the yard, charterer or a timeframe for delivery of the vessels. “Upon completion and delivery, all five vessels will commence long-term charters with a leading global liner company and are subject to vessel purchase obligations at the conclusion of the charters,” Seaspan said in a statement.

6. Electronic bills of lading move ahead with new standards published
Bills of lading, among the most antiquated processes in the shipping industry, have been given the 21st century treatment today, taking the laborious paperwork online in a standardised fashion. The Digital Container Shipping Association (DCSA), a non-profit group founded by the world’s leading global liners, has published data and process standards for the submission of shipping instructions and issuance of the bill of lading (B/L).

7. Seacor Holdings sold to private equity for $1bn
Wall Street is losing another name in shipping. US transport and logistics firm Seacor Holdings has entered into a definitive agreement with an affiliate of private equity firm American Industrial Partners to take the company private in an all-cash transaction worth around $1bn including debt.

8. US Oil Pollution California – Increased Criminal Penalties For Oil Spill Related Offences
The International Group Clubs have recently issued a further circular to Members (see news item dated 13th October 2020) on the subject of the new fines that will be applicable in California from 1st January 2021 for ship sourced oil pollution damage in Californian State waters.

9. Shipping Corp Jumps Over 23% In Three Days
Shipping Corporation of India jumped 12.56% to Rs 72.60, extending gains for the third day in a row. The stock has added 23.16% in three sessions from its recent closing low of Rs 58.95 on 2 December 2020. On a year-to-date (YTD) basis, the stock has zoomed 15.32% while the benchmark S&P BSE Sensex has added 10.12% during the same period.

10. Iran Sends Biggest Ever Fleet Of Oil Tankers To Venezuela
Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Some of the flotillas of about 10 Iranian vessels will also help export Venezuelan crude after discharging fuel, the people said, asking not to be named because the transaction is not public.


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