1. InterManager President calls for ‘one voice’ for shipping
Shipping needs “one voice” to represent it globally and enable the maritime community to communicate more effectively with regulators, says Mark O’Neil, President of shipmanagement association InterManager and CEO of Columbia Shipmanagement. As the industry builds up to the vital COP26 environmental world discussions in November, Mr O’Neil urged it to capitalise on the co-operation achieved in collectively working to tackle the challenges presented by the Covid-19 pandemic, in order to address other global issues. https://cyprusshippingnews.com/2021/09/24/intermanager-president-calls-for-one-voice-for-shipping/
2. Synergy Group to technically manage Maersk Tankers fleet
Synergy Marine a subsidiary of Synergy Group, has signed an agreement to take over Maersk Tankers’ technical management business. This will strengthen Synergy Group’s position within technical management, and Maersk Tankers will become a service company focused on commercial management. “Maersk Tankers has been transformed from a traditional tanker company into a service company over the past few years. The agreement with Synergy Group marks the next big step on our strategic course, offering both the technical and commercial businesses optimum conditions in which to thrive. Maersk Tankers will become a service company focused on the commercial management market, delivering financially and environmentally viable solutions for shipowners,” says Christian M. Ingerslev, CEO of Maersk Tankers. https://cyprusshippingnews.com/2021/09/24/synergy-group-to-technically-manage-maersk-tankers-fleet/
3. Eurogate welcomed the US Ambassador to Cyprus
Ambassador Judith Garber was given a tour of the Eurogate container terminal at Limassol port, as part of an official visit. On behalf of the company’s management, Chief Operating Officer Capt. George Pouros gave Mrs Garber a presentation of the terminal’s operations and capabilities, followed by a tour of the terminal’s premises. The Ambassador’s visit was held in the presence of the Permanent Secretary of the Ministry of Transport, Communication and Works, Mr Stavros Michael, and Limassol Port Manager, Mr Panayiotis Agathocleous. https://cyprusshippingnews.com/2021/09/24/eurogate-welcomed-the-us-ambassador-to-cyprus/
4. Norway’s Eksfin breaks new ground with innovative financing package for service purchase
The Norwegian export credit agency, Export Finance Norway (Eksfin), is opening up new territory for state-backed financing with a cutting-edge solution that enables international customers to purchase ongoing services from a Norwegian exporter – a step beyond just capital goods and solutions that have been traditional recipients of its portfolio of loans and Triple A-rated risk guarantees. https://cyprusshippingnews.com/2021/09/24/norways-eksfin-breaks-new-ground-with-innovative-financing-package-for-service-purchase/
5. Capes dial the clock back to 2008, ships being fixed for $70,000 a day
Capes are back in 2008 territory. The time charter equivalent C10 transpacific round voyage yesterday surpassed the $70,000 a day threshold. The C14 transatlantic round voyage was also “on fire”, according to analysts at Lorentzen & Stemoco, on the verge of hitting the $70,000 a day mark. Overall, the Baltic Exchange set the 5TC at $61,683 a day, pushing up by $9,402 over the week and erasing the jitters experienced on Monday over concerns about a possible collapse of Evergrande, a major Chinese real estate developer. https://splash247.com/capes-dial-the-clock-back-to-2008-ships-being-fixed-for-70000-a-day/
6. New report highlights the rise of vessel identity laundering
The International Maritime Organization (IMO) is investigating claims that North Korea has been carrying out a sophisticated process of vessel identity laundering. The novel tactic is detailed in a 56-page report from C4ADS, a Washington DC-based nonprofit organisation dedicated to data-driven analysis and evidence-based reporting of conflict and security issues worldwide. https://splash247.com/new-report-highlights-the-rise-of-vessel-identity-laundering/
7. How Did Ancient Seafarers Settle The Far-Flung Islands Of Polynesia?
Beginning more than a millennium ago, intrepid seafarers traversed vast Pacific Ocean expanses in double-hulled sailing canoes to reach the far-flung islands of Polynesia, the planet’s last habitable region to be settled by people. A genetic study published on Wednesday has deciphered the timing and sequence of this settlement of an area spanning about a third of Earth’s surface, with Samoa as the starting point while Rapa Nui, also called Easter Island, and other locales known for megalithic statues were among the last to be reached. https://gcaptain.com/ancient-seafarers-settle-polynesia/
8. Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal – sources
Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first cargoes due this week, five people close to the deal said. As the South American country seeks to boost its flagging oil exports in the face of U.S. sanctions, according to the sources, the deal between state-run firms Petroleos de Venezuela (PDVSA) and National Iranian Oil Company (NIOC) deepens the cooperation between two of Washington’s foes. https://gcaptain.com/under-u-s-sanctions-iran-and-venezuela-strike-oil-export-deal-sources/
9. Baltic Index Dips On Weak Capesize Rates, Posts Weekly Gain Of Nearly 9%
The Baltic Exchange’s main dry bulk sea freight index slipped on Friday due to a decline in capesize rates, although the main index posted a weekly gain of 8.6% Gains this week, which saw the index scale a 12-year peak, were supported by port congestion, shipping constraints and an overall rebound in commodities, analysts said. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 7 points, or 0.2%, to 4,644 on Friday. https://www.shippingtribune.com/news/shipping/Baltic+index+dips+on+weak+capesize+rates%2C+posts+weekly+gain+of+nearly+9%25
10. Dry Bulk Ships Speed Up To Cash In On Bullish Market; CO2 Emissions A Concern
Bumper earnings from operating dry bulk ships hauling commodities such as iron ore, coal, and grains, have incentivized shipowners to speed up their vessels, which in turn is possibly amplifying carbon emissions from this segment. The multi-year record dry bulk freight rates have forced the average sailing speed of these ships to a decade high with shipowners cranking up their vessel engines starting from the smaller Handysize to the larger Capesizes. https://www.shippingtribune.com/news/shipping/Dry+bulk+ships+speed+up+to+cash+in+on+bullish+market%3B+CO2+emissions+a+concern
