InterManager Daily News 05.02.2021.

1. Sovcomflot joins the Neptune Declaration
SCF Group signed the Neptune Declaration on Seafarer Wellbeing and Crew Change, which ensures the enforcement of labour rights and supports global supply chains in the face of the restrictions imposed worldwide due to the СOVID-19 pandemic.

2. DEME announces the start of construction of the world’s longest immersed tunnel, set to connect Denmark and Germany
On 1 January 2021, the Femern Link Contractors joint venture began work on the world’s longest immersed tunnel. Up to 9 metres high and 43 metres wide, the 18 km long combined road and rail tunnel linking Germany and Denmark will foster trade and tourism in Northern Europe.

3. Greek Shipowners highlight challenges of decarbonisation
“It was a privilege to be able to hear the combined expertise of these industry leaders on the urgent issues facing shipping today. Together, their huge experience of shipping and its regulatory landscape means we heard powerful insight on the technical and regulatory challenges the industry is grappling with,” said Plevrakis, who moderated the panel. “ABS is committed to working with shipowners to help them navigate the emerging landscape of global environmental regulation.”

4. Dry bulk orderbook at lows not seen since the historic bull run of 2003 to 2008
Theodore Ntalakos, an S&P broker at Greek firm Intermodal wrote in the company’s latest weekly report that the current dry bulk orderbook stands at record lows. While subsequent data provided by BIMCO disputes the “record” description it is nonetheless at a point not seen since the fourth quarter of 2003, the beginning of the epic dry bulk supercycle that would run through to the collapse of Lehman Brothers in September 2008 and see capes regularly earn six-digit daily dollar figures.

5. Iran allows crew of detained Korean tanker to head home
Iran has agreed to allow all bar one of the crew of the South Korean tanker Hankuk Chemi to head home. The South Korean-flagged tanker was seized on January 4 by Iran’s Revolutionary Guards near the Strait of Hormuz, with Iranians claiming the ship had broken environmental rules, something the ship’s owner in Busan, DM Shipping, denied.

6. Bulk Carrier Crew Member Killed by Large Wave Off Nova Scotia
A crew member of a bulk carrier has died and three others injured after their ship was hit by a large wave several hundred miles off the coast of Nova Scotia on Saturday. The Malta-flagged MV Giulia 1 was about 320 nautical miles southeast of Nova Scotia when it was hit by the wave.

7. 16 Plead Guilty for Paying to Fix U.S. Coast Guard Mariner Credentialing Test Scores
The defendants admitted to obtaining licenses by paying for false Coast Guard exam scores. According to court filings, the fraudulently obtained licenses included, among others, those authorizing mariners to serve as the master of vessels of any tonnage in any waters, chief mate of vessels of any tonnage in any waters, and first assistant engineer of vessels of any horsepower in any waters.

8. Adani Ports Records 31% Growth In Jan Cargo Volume
Adani Ports & Special Economic Zone handled cargo volume of 26.02 MMT a growth of 31% on Year on Year basis (Includes volume of 3.87 MMT of Krishnapatnam Port which was acquired in October, 2020). The growth in cargo volume for the month of January, 2021 excluding Krishnapatnam Port was 11% on Year on Year basis.

9. India Suffers From Soaring Rates, Box Shortage And Lack Of Imports
SOARING freight rates, a demand-supply imbalance and shipment delays in the midst of a global Covid crisis, have combined to damage India’s once thriving trade, reports Colchester’s Seatrade Maritime News.

10. PRB Coal Production Totals 42.1 Million St, Down 29.6% On Quarter: MSHA
Powder River Basin coal production totaled over 42.1 million st in the fourth quarter of 2020, down 29.6% from the previous quarter and down 41.7% from the year-ago quarter, Mine Safety and Health Administration data said Feb. 1. Full-year production in 2020 was 230 million st, down 21.8% from 2019.


Leave a reply

©2023 InterManager - Promoting Excellence In Ship Management

Log in with your credentials

Forgot your details?