InterManager Daily News 29.09.2021.

1. Columbia holds fundraiser ‘Bark in the Park’ event

Columbia Shipmanagement held the first fundraiser for its Autumn giving campaign. On September 12, CSM hosted “Bark in the Park,” a fundraiser to help support the non-profit organisation Riding for the Disabled Association Cyprus (RDA). On that sunny afternoon, 23 dogs, their families and CSM staff socialised in the garden and enjoyed a fun training session.

2. Synergy Group appoints MartinAckermann as Chief Commercial Officer

Synergy Group, one of the world’s leading ship managers, has appointed Mr Martin Ackermann as Chief Commercial Officer. Reporting directly to Founder & CEO Captain Rajesh Unni, Ackermann has been handed responsibility for Finance, Commercial, Strategy and Transformation Interventions across the Synergy Group. “We are delighted to welcome Martin to Synergy Group and we look forward to his leadership as we further develop and strengthen the company’s portfolio of services,” said Captain Unni.

3. Cyprus Shipping Chamber – Charity Beach Volley Tournament 2021

The annual Charity Beach Volley Tournament organised by Cyprus Shipping Chamber between the Chamber’s Member-Companies, was held again after one year of absence due to the pandemic, completing 26 years of socio-economic contribution to the Cyprus society. The tournament was held with success, without the presence of the public, on 5, 19 and 26 September at the Cyprus Volleyball Federation courts in Limassol.

4. Two new E-Flexer ferries to join Stena Line’s Baltic Sea fleet next year

Stena Line is to continue its expansion on the Baltic Sea during 2022, increasing both freight- and passenger capacity. The Swedish family-owned ferry company today announce that they will deploy their two new 240-meter-long fuel-efficient E-Flexer* ferries, on the Nynäshamn-Ventspils next year. Stena Line also announce plans to increase the capacity on the Karlskrona-Gdynia route with the deployment of the two large and modern ferries Stena Scandica and Stena Baltica.

5. Port of Corpus Christi channel project moves to next phase

Houston’s Great Lakes Dredge & Dock Co. has been awarded a $139m contract by the US Army Corps of Engineers to work on the third phase of the Port of Corpus Christi ship channel improvement project. The four-phase project, which began in May 2019, will increase the channel depth to 54 feet from 47 feet, and widen it to 530 feet to allow more than one vessel to pass through at a time.

6. Accelerating widespread use of green technologies

Mikael Laurin, managing director of Yara Marine Technologies, on the need to address continued hesitation in the market linked to not having long-term tried and tested solutions readily available for decarbonisation. Green tech companies ought to work on communication and collaboration to reassure owners who may otherwise be on the fence.

7. Maersk Says Port Congestion and Supply Chain Bottlenecks to Persist Through Year-End

China’s October Golden Week, Christmas and Chinese New Year will bolster strong demand for container shipping for the last quarter of 2021. But port congestion, especially in the US and Europe, and service delays are expected to create headwinds for service schedules, Maersk said in a market update Monday. Maersk says extra loaders (additional ships) and ad hoc port omissions will be implemented to help improve schedule reliability.

8. Golden Ray Wreck Down to Just One Section Remaining

Nearly two years after cutting operations began, only a single section remains of what used to be the Golden Ray car carrier. St. Simons Sound Incident Reports reported Monday the successful removal of Section Five, leaving just one section yet to be removed. Wreck removal personnel lifted and secured Section Five onto a dry-dock barge on Saturday and tug crews transited the barge to the nearby Mayor’s Point Terminal on Sunday.

9. Baltic Index Scales 13-Year Peak On Strong Rates Across Vessels

The Baltic Exchange’s main dry bulk sea freight index rose to its highest level in 13 years on Monday, bolstered by robust demand across all vessel segments, especially capesizes. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 73 points, or 1.6%, to 4,717, its highest since September 2008. Shipping analysts have attributed the recent rally in the dry bulk market to global shipping constraints, port congestion in China due to COVID-19 and an overall rebound in commodities demand.

10. Singapore Bunker Market Set To Consolidate Further Amid Fierce Competition

Intense competition in the Singapore delivered bunker market that has squeezed margins, particularly for IMO-complaint low sulfur bunker fuel, is limiting the ability of some players to operate profitably, industry sources told S&P Global Platts. An uptick in the cost to secure ex-wharf supplies amid a firming upstream marine fuel 0.5%S cargo market, coupled with stiff competition to retain a slice of the delivered market, has led to a crunch in margins for some companies, especially those considered tier-2 in the Singapore bunkering landscape, market sources said.


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