InterManager Daily News 26.02.2021.

1. Interorient Shipmanagement vessel MV Orient Cavalier, the largest ship ever to sail into the Port of Ploče, Croatia
Interorient Shipmanagement vessel the MV Orient Cavalier, the largest ship ever to sail into the Port of Ploče, Croatia, officially launches the newly built bulk terminal. With a capacity of 110,813 tonnes and carrying coal for the ironworks in Zenica, the MV Orient Cavalier recently sailed into the Port of Ploče, the first ship of its size to enter the bulk terminal located on the outskirts of the port and covering an area of 240,000 square meters.

2. Cutting restrictive trade policies could boost global economic recovery from COVID-19 by 3.4%, finds International Chamber of Shipping
Countries around the world could boost their prospects of economic recovery from COVID-19 by reducing restrictive maritime trade policies, the International Chamber of Shipping (ICS) has found. An ICS report, entitled ‘Protectionism in Maritime Economies’ and co-authored with Professor Craig Van Grasstek of the Harvard Kennedy School of Government, found that reducing trade protectionism could see GDP gains for national economies increase by up to 3.4%.

3. Nautilus Federation unions call for global seafarer vaccination programme
The Nautilus Federation, a group of 22 leading trade unions representing seafarers and inland waterways workers, has issued a statement calling on governments and global organisations to coordinate a worldwide vaccination programme for seafarers and inland waterways transport crew.

4. Challenging year ahead for dry bulk after strong start: Bimco
Overcapacity could once again hamper shipowners’ and operators’ ability to make a profit, especially as currently low bunker prices, which supported profits in 2020, are rising again, noted Bimco’s chief analyst Peter Sand. The very low sulphur fuel oil (VLSFO) grade in Singapore was indicated at $414 per metric tonne (pmt) on 1 January before hiking 25% to $518 pmt on Wednesday, according to data from Ship & Bunker.

5. Singapore’s first LNG bunker tanker ready to supply LNG as fuel
The 7,500- cu m vessel, FueLNG Bellina, is owned by FueLNG, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Shell Eastern Petroleum, under the technical management of K Line. Being the world’s busiest bunkering port, FueLNG Bellina’s debut is considerable an important milestone for the maritime industry in their efforts to reduce emissions of greenhouse gas (GHG).

6. Wartsila, Ocean Technologies to jointly deliver digitalised and simulated learnings
Wartsila Voyage is the provider of maritime smart simulation and training solutions, while OTC is the provider of maritime knowledge and technology solutions. The strategic partnership aims to provide industry stakeholders in maritime learning with opportunities to be connected on a single end-to-end learning journey, combining on-demand digital training and assessment, virtual and simulation events via cloud-based solutions, and in-person learning experiences at maritime training centres or aboard ship.

7. Oil Hits One-Year High With Market Eyeing Tight Global Supplies
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand. Futures in New York climbed 2.5% Wednesday, rising to the highest since January 2020. Energy Information Administration data showed crude output fell to 9.7 million barrels a day last week amid an unprecedented polar blast, tying for the low reached last summer when Hurricane Laura sent production plummeting.

8. Maersk Tankers and Cargill Team Up on New Bunker Procurement Service
Maersk Tankers and Cargill have teamed up to launch a new bunker procurement service that will offer better pricing, service and transparency to tramp shipping companies and trading houses. The strategic partnership, which will launch April 1, 2021, will seek to combine their respective bunker volumes and experience in order to attract better prices and services.

9. Positive 2021 Renewal Result For London P&I Club
Statement from Ian Gooch, CEO of the Club’s managers (A Bilbrough & Co Ltd)‘’The renewal process is an important part of the Club’s strategy and we are pleased to have achieved an outcome which is in line with our key premium objectives. In the face of increasing pool claims, uncertainties associated with the pandemic and diminishing premium levels, we have focused on sustainability in the rating of our P&I business which ensures the Club’s continuing strength going forward.

10. Baltic Index Slips On Weaker Capesize, Panamax Rates
The Baltic Exchange’s main sea freight index dipped on Wednesday, pressured by lower rates for the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, wasdown 18 points, or 1%, at 1,709.


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