InterManager Daily News 25.08.2021.

1. InterManager members double onboard oxygen provision after life-threatening incidents
Ship managers have pledged to go above and beyond international maritime regulatory requirements in their onboard provision of medical oxygen – to be better able to save the lives of crew at sea. The move follows a life-threatening scenario when a seafarer suffering from Covid-19 almost died during a long ocean crossing due to a shortage of oxygen. InterManager members discussed the situation and agreed unanimously to double their onboard provision of oxygen from the standard one 40 litre cylinder to two. They also recommend stocking oxygen concentrators which can provide a continuous flow.

2. ADNOC signs framework agreements worth nearly $1 Billion for project engineering services
Agreements with 8 top-tier contractors cover Concept and Front-End Engineering Design for major projects across ADNOC’s value chain Contracted services to be primarily carried out in the UAE Potential for 50% of the total value of the agreements to flow back into the UAE’s economy under ADNOC’s In-Country Value program over the agreement term Nature of the agreements delivers substantial cost savings and optimizes project schedule, underpinning ADNOC’s smart approach to procurement

3. Container prices and availability at Asian ports hit by COVID-19 lockdowns
COVID-19 outbreaks at ports in China and Vietnam will likely reduce container availability and drive-up prices at key shipping hubs in the coming weeks, according to the latest data analysis by Container xChange, the world’s leading online platform for the leasing and trading of shipping containers. Terminal productivity declines at Yantian and nearby terminals in southern China due to COVID lockdowns in the second quarter of 2021 are still causing disruptive ripples up and down container supply chains including reduced box availability and soaring prices.

4. OSM Aviation operates numerous charter flights from Europe to Manila for Filipino seafarers
OSM Aviation will be operating numerous charter flights for eligible Filipino seafarers from Europe to Manila during the second half of August. The charter flights provide a safe environment against Covid-19 with measures taken to avoid open transit along with secured negative tests for all seafarers on board. The arrival packages are tailored for the needs of seafarers and meet both the legal and governmental requirements. Additionally, the charter flight offers security with regards to changes in government policies compared to commercial airlines.

5. Seismic players join forces on carbon capture and offshore wind data
Magseis Renewables, a subsidiary of Magseis Fairfield, and TGS have teamed up to use seismic acquisition technology for carbon capture and storage (CCS) and offshore wind projects. The first project will be a 3D seismic survey in Norway at a carbon storage area to demonstrate technology for detailed imaging of the full section from the seabed to the targeted storage reservoir.

6. New analysis shows the fierce fight between alliances for market share on the main east-west trades
While competition authorities and shipper bodies allege collusion among carriers in today’s record, sky high freight rate environment, new analysis from Sea-Intelligence shows the fierce competition for market share between the world’s three global east-west alliances. Since the start of 2020, 2M, the Maersk, MSC grouping, has lost capacity market share to the Ocean Alliance on Asia-North Europe and to both the Ocean Alliance and THE Alliance on Asia-Mediterranean.

7. Golden Ray Wreck Removal Moves to Final Cut
Cutting operations to separate the remainder of the wreck into two sections kicked off Monday, putting the end to the lengthy wreck removal operation nearly in sight. Wreck removal personnel began cutting operations early Monday morning after completing a refit and maintenance period to equipment. Once the remainder of the wreck is separated into two sections, the heavy-lift catamaran VB-10,000 will lift Section Five onto a dry-dock barge for safe transit out of St. Simons Sound to a response facility south of Mayor’s Point Terminal.

8. PEMEX Platform Fire Hammers Mexico’s Oil Production
Five workers were killed and six injured in Sunday’s fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico’s oil production, the company said on Monday. The fire broke out as crews were performing maintenance on the platform, and a search for missing workers continues, Pemex Chief Executive Octavio Romero told a news conference.

9. Indian Register Of Shipping (IRClass) Helps Strengthen Inland Vessel Legislation
International ship classification society, Indian Register of Shipping (IRClass) has played an integral role in the drafting of the Inland Vessels Bill which was recently passed by the Parliament. The Inland Vessels Act 2021 repeals the earlier Inland Vessels Act 1917 which needed major revisions to remove several archaic and redundant provisions and be in sync with the current times. The legislation is designed to promote economical and safe transportation and trade through India’s inland waters, by introducing a national framework and uniform applicability of rules and regulations.

10. Strong Momentum Across Vessels Lift Baltic Index To Highest Since 2010
The Baltic Exchange’s main sea freight index on Monday rose to a more than 11-year peak on rising demand for all vessel sizes, with capesize rates extending their winning run to an 11th straight session. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 55 points, or about 1.3%, to its highest since mid-2010 at 4,147. The main index has risen for nine straight sessions. The capesize index gained 2% or 117 points to a nearly 12-year high at 6,114. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose by $977 to $50,708.


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