InterManager Daily News 02.09.2021.

1. Concordia Maritime exercises purchase options and sells IMOIIMAX vessels
Concordia Maritime strengthens its liquidity by selling the two IMOIIMAX vessels Stena Image and Stena Important. The buyer is a Chinese leasing company. The net liquidity surplus from the transactions amounts to approximately SEK 45 million. The two vessels were sold to a large Japanese financial services company in 2016 and 2017 under sale-leaseback agreements. The agreements also included annual purchase options, which have now been exercised. The net liquidity surplus from the transactions amounts to approximately SEK 45 million and will be added to Concordia Maritime in connection with the delivery of the vessels to the buyer.
2. Finnlines’ new ro-ro vessels celebrate launching and keel laying
Finnlines’ Newbuilding Programme proceeds as planned. The second hybrid ro-ro vessel was launched on 30 August 2021 and the keel laying ceremony for the third vessel took place on 31 August. The series of three ro-ro vessels are being built at the Chinese Jinling shipyard located in Nanjing. The first hybrid ro-ro, Finneco I, is scheduled to sail for sea trials in September to test the speed, manoeuvring, machinery, electrical installations and other critical equipment. Finneco I will start to operate in Finnlines’ service at the end of 2021, the two sister vessels in 2022. All three vessels will sail under the Finnish flag.
3. Port of Gdynia signed contract for design using BIM methodology
Port of Gdynia Authority signed a contract with Biuro Projektów Budownictwa Morskiego Projmors sp. z o.o. for the project entitled: “Multi-discipline project documentation for the reconstruction of the Auxiliary Quay in Gdynia in accordance with the requirements of BIM, together with designer’s supervision during the execution of construction works”. This is the first contract concluded by PoGA S.A. where the design documentation will be made using the Building Information Modelling-Management (BIM).

4. UAE Ministry of Energy and Infrastructure launches ‘Sail Safely’ initiative to enhance maritime safety and security
The Ministry of Energy and Infrastructure has launched the ‘Sail Safely’ initiative, as part of its ongoing efforts to protect the marine environment, enhance maritime safety and security, as well as protect people’s lives. The initiative includes an intensive training programme for captains of leisure and fishing boats to ensure that they adhere to the highest standards of operation in the sector, avoiding maritime accidents and protecting people’s lives.
5. Kawasaki Heavy to build LPG/ammonia carrier for K Line
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has been awarded a contract by fellow shipping major Kawasaki Kisen Kaisha (K Line) for a new 86,700 cu m liquefied petroleum gas (LPG) and liquefied ammonia gas (LAG) carrier powered by LPG. The vessel will be delivered in 2023 and equipped with separate cargo tanks designed to carry LPG and liquefied ammonia at the same time. According to KHI, the 230 m long newbuild will meet the latest SOx emission standards set by the International Maritime Organization and EEDI Phase 3 regulations.

6. Concordia Maritime buys back and offloads tanker pair
Stena-backed Concordia Maritime has sold two of its 2015-built IMOIIMAX tankers, Stena Image and Stena Important, to a Chinese leasing company. The net liquidity surplus from the transactions amounts to around SEK45m ($5.2m), the Stockholm-listed firm said. The two vessels were sold to Tokyo Century Corporation, according to VesselsValue, in 2016 and 2017 under sale-leaseback deals. The deals also included annual purchase options, which have now been exercised.

7. Dollar Tree Suffers A Freighter Delay of Two Months For A Single Covid Case
Shipping costs and lag times are wreaking havoc on profit margins at Dollar Tree Inc., which relies on a steady volume of cheap goods to make money at low prices. A global rebound in consumer demand for all sorts of goods is putting strain on shipping networks and ports. And new surges in Covid-19 cases have caused some ports to close or slow down entry. Transit times are about 30 days longer than in recent years, Dollar Tree said Thursday, citing freight industry contacts. That’s tough for a company that brings in almost 90,000 40-foot containers a year.

8. EVER ACE, The World’s Largest Containership, Transits The Suez Canal
Ever Ace, the world’s largest containership, transited the Suez Canal for the first time August 28, 2021. Ever Ace, built in 2021 for the Taiwanese shipping company Evergreen Marine Corporation, sails under the flag of Panama. The ultra large container vessel (ULCV) has a carrying capacity of 24000 TEU, length overall (LOA) of 399.9 meters and beam of 61.53 meters.

9. Baltic Index Slips From 11-Yr High, Posts Monthly Gain On Strong Demand
The Baltic Exchange’s main dry bulk sea freight index eased from a more than 11-year high on Tuesday, but the index notched up its second monthly gain in three due to global shipping constraints and robust demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, declined 103 points, or 2.4%, to 4,132. It rose 25.5% in August, boosted by the closure of China’s Ningbo port, which caused congestion across the country’s coastal regions and limited the global supply of vessels.

10. BIMCO: An Encouragement To Use End User Support For Added Value
Following several recent adjustments and new features, we encourage Shipping-KPI users to take advantage of the complementary support function. Most companies are set up in the Shipping-KPI platform shortly after registration. However, shipping is a dynamic industry. Adjustments to the company’s Shipping-KPI profile may be imposed by internal or external factors. The support on all facilities of the Shipping-KPI platform is an integrated benefit of the system.


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