InterManager Daily News 05.12.2020.

1. Castor Maritime announced pricing of $18.0 Million registered direct offering
Castor Maritime announced that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 94.8 million of its common shares and warrants to purchase up to an aggregate of 94.8 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five years following the date of issuance.
https://cyprusshippingnews.com/2021/01/04/castor-maritime-announced-pricing-of-18-0-million-registered-direct-offering/

2. Croatia’s first LNG carrier arrives to the terminal and starts commercial operation
LNG carrier ‘Tristar Ruby’ has arrived at the location of the terminal, as the first LNG carrier to arrive to the terminal, whereby the carrier was successfully moored in the special purpose port of the terminal. After all tests and safety checks were performed, LNG cargo transfer procedure from the LNG carrier on the FSRU vessel ‘LNG CROATIA’ has started. https://cyprusshippingnews.com/2021/01/04/croatias-first-lng-carrier-arrives-to-the-terminal-and-starts-commercial-operation/

3. Maersk takes steps to address US export and trucker logistics issues
In response to surging US imports and the resulting intermodal equipment flow imbalances all members of the logistics sector have been challenged to find solutions. Maersk senior officials have stated that this is a situation the company takes very seriously. Every component of Maersk’s integrated global logistics business model is working across the entire logistics spectrum to respond with solutions involving all supply chain participants.
https://cyprusshippingnews.com/2021/01/04/maersk-takes-steps-to-address-us-export-and-trucker-logistics-issues/

4. Abu Dhabi Ports hits 2020 targets in bid to drive Global Trade and Logistics Industry
With the advent of COVID-19, the company successfully raised its profile worldwide as a responsible player in the trade and logistics sector with the Horns of Hope campaign. This innovative initiative reached more than 260 million people in over 23 countries and involved leading global and regional organisations, such as the International Maritime Organisation and the Arab Sea Ports Federation. https://cyprusshippingnews.com/2021/01/04/abu-dhabi-ports-hits-2020-targets-in-bid-to-drive-global-trade-and-logistics-industry/

5. Korean tanker seized by Iranian forces
The South Korean-flagged handysize tanker Hankuk Chemi was seized on Monday morning by Iranian forces while it transited the Strait of Hormuz. The DM Shipping Co-owned vessel had been underway eastbound at 12.5 knots prior to the incident from the Petroleum Chemical Quay, Jubail, Saudi Arabia, operated by Sabtank. According to security consultants, Ambrey the vessel has since been tracked inside Iranian territorial waters headed towards Bandar Abbas. https://splash247.com/korean-tanker-seized-by-iranian-forces/

6. Korean tanker seized by Iranian forces
The South Korean-flagged handysize tanker Hankuk Chemi was seized on Monday morning by Iranian forces while it transited the Strait of Hormuz. The DM Shipping Co-owned vessel had been underway eastbound at 12.5 knots prior to the incident from the Petroleum Chemical Quay, Jubail, Saudi Arabia, operated by Sabtank. According to security consultants, Ambrey the vessel has since been tracked inside Iranian territorial waters headed towards Bandar Abbas. https://splash247.com/korean-tanker-seized-by-iranian-forces/

7. Section Second Cut in Golden Ray Wreck Removal
Crews finished with the second cut of the Golden Ray wreck in St. Simons Sound, Georgia on Saturday and the section now awaits lifting onto a barge for disposal, the incident command reported. The cut section, known as Section Eight, the stern, is now being prepared for lifting onto the Barge 455-8 for transport out of the Environmental Protection Barrier (EPB) to Mayor’s Point Terminal for further sea-fastening. https://gcaptain.com/section-second-cut-in-golden-ray-wreck-removal/

8. No Happy New Year for Shippers as Rates Stay Sky High
The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190% gain on the year. The biggest spot rate increase on its major tradelanes was recorded between Asia and North Europe, which saw the SCFI component leap by almost 300% to finish the year at $4,091 per teu. https://gcaptain.com/no-happy-new-year-for-shippers-as-rates-stay-sky-high/

9. Government Floats PPP Model For Dredging Projects At Major Port Trusts
“The revenue share between major ports and PPP operator may be the bidding parameter for floating the PPP projects. The existing PPP operators of the berth may share proportionate cost based on the volume of cargo handled along with the berths operated by the major ports themselves,” says the draft prepared by the ministry and circulated for public consultation.
https://www.shippingtribune.com/news/shipping/Government+floats+PPP+model+for+dredging+projects+at+major+port+trusts+

10. Rotterdam: Arrangements For Moderate Increase In Port Tariffs Extended By One Year
The three-year arrangement on port tariff increases that exists between the Port of Rotterdam Authority and the relevant market parties, represented by Deltalinqs and VRC, is to be extended by one year. As has been the case from 2018 to 2020, port tariffs will be increased by 1% in 2021. This applies to both sea-going shipping and inland shipping. In these extraordinary times, the parties are committed to continuing the same moderate rate of increase in tariffs. https://www.shippingtribune.com/news/shipping/Rotterdam%3A+Arrangements+for+moderate+increase+in+port+tariffs+extended+by+one+year

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