InterManager Daily News 14.09.2021.

1. Carbon Intensity Indicator – Upcoming Environmental Regulations as described by Capt. Kostas Kanellopoulos
IMO being obliged to address the GHG emissions from international Shipping placed as baseline the 2008 emissions and set goals to reduce CO2 emission per transport work (carbon intensity) by at least 40% by 2030 and reduce the total annual GHG emission by at least 50% by 2050. The most recent estimates included in the IMO Fourth (4th) GHG Study 2020 show that GHG emissions of total shipping increased from 977 million tons in 2012 to 1.076 million tons in 2018 (9.6% increase).

2. UK calls for zero global shipping emissions by 2050 as greenest ever London International Shipping Week begins
Marking the start of the greenest London International Shipping Week yet, the UK backs a world leading absolute zero target for international shipping emissions by 2050, the Transport Secretary Grant Shapps has announced today (Monday 13th September). This target, which would need to be agreed through the International Maritime Organization, would be a significant increase of ambition for the sector, which is currently accountable for 3% of global emissions.

3. Hapag Lloyd’s container ship refueled with LNG at Calandkanaal
Calandkanaal, normally dominated by oil tankers, has been the scene of container ship Brussels Express for several days now. Moored at Paal (dolphin) 80, the vessel has bunkered LNG and is currently waiting for a berth in Prinses Amaliahaven. The Brussels Express, which originally ran on fuel oil, is the first container ship that has been converted to run on LNG.

4. Qatar Airways launches global destination sale with special fares to over 140 global destinations from Cyprus
Qatar Airways is offering customers in Cyprus great savings with fares starting from 369€ up to more than 140 destinations and double Qpoints until September 13th. Customers joining Qatar Airways Privilege will also earn 5,000 Bonus Qmiles, and get an exclusive offer for flights to attend the FIFA World Cup Qatar 2022™.

5. Castor Maritime seals three new charters
Nasdaq-listed Greek owner Castor Maritime has landed time charter contracts for three of its bulk carriers. The charterers have not been disclosed. The 2010-built kamsarmax Magic Nebula has been fixed on a time charter contract at a daily rate of $31,750. The charter commenced on September 4, 2021, and has a minimum duration of six months and a maximum duration of eight months.

6. Skou urges IMO to ban fossil fuelled ships by 2035
Søren Skou has used his first mover advantage in the green shipping rush to make an ambitious call on regulators to phase out all fossil fuelled ships by the middle of the next decade. Skou is the CEO of Maersk, the world’s largest containerline, a company that has ordered world-first green methanol dual-fuelled boxships in recent months.

7. Over a Dozen LNG Carriers Line Up in Qatar to Feed Hungry Buyers
More than a dozen liquefied natural gas tankers are waiting their turn to fill up at Qatar’s port of Ras Laffan in a clear sign of how tight the global gas market has become. South Korean and Pakistani buyers are among those seeking to maximize shipments under long-term supply contracts with the Middle Eastern emirate, one of the world’s biggest natural gas exporters, according to traders with knowledge of the matter. The cargoes are linked to oil prices and cost about half of the current rate in spot gas markets, where a global supply crunch has seen prices rise to seasonal highs.

8. Tropical Storm Nicholas to Soak Texas Gulf Coast; Port Condition X-Ray in Effect for Corpus Christi
The U.S. Coast Guard has set port condition X-Ray for the Port of Corpus Christi in Texas in expectation of sustained gale force winds generated by Tropical Storm Nicholas. Coast Guard Captain of the Port set port condition X-Ray effective 5:45 p.m. Sunday. Ports and facilities remain open all commercial traffic and all transfer operations may continue while X-Ray remains in effect. If and when port condition Yankee is set, meaning sustained gale force winds are expected within 24 hours, vessel movement shall be restricted, and all movements must be approved by the respective COTP.

9. Petronet LNG Seeks Fresh Foray Into The Petrochemical Business
LNG Ltd, India’s largest gas importer, is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast. Oil Secretary Tarun Kapoor, who is also the Chairman of Petronet, in the firm’s latest annual report said the company is looking at setting up a floating terminal at Gopalpur port in Odisha and “is embarking upon a major diversification drive to broad base its business activity and is exploring to have an ethane/ propane import facility at Dahej terminal”.

10. India Rolls Back Tax Cuts On Palm Oil Imports
India rolled back a June 29 ruling which gave tax breaks on the import of crude palm oil, or CPO, as well as processed palm oil products, according to a notification issued by the country’s central customs board on Sept. 10. The notice rescinded the June ruling, which reduced the standard import tax rate on CPO. The latest notification is effective from Sept. 11, which cuts short the earlier end-September time frame given in June ruling.


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