InterManager Daily News 25.10.2021.

1. Exmar moves to develop new type of CO2 carrier

Belgium’s Exmar has teamed up with South Korea’s Lattice Technology to develop a new type of CO2 carrier, which will also be suitable for LPG and ammonia shipping. The initial concept is a 195 m long, 40,500 cu m panamax vessel tailored to support carbon capture, utilisation and storage (CCUS) projects with capacities ranging from two to 10 mtpa. Additionally, a 3,000 cu m storage capacity for low CO2 emitting fuels like LPG ammonia or LNG has been foreseen.

2. The Union of Greek Shipowners issues a Technical Report on the decarbonisation of the shipping sector

The Union of Greek Shipowners (UGS) has issued a Report on technical aspects related to the decarbonisation of the shipping sector, which supplements the UGS Survey of Alternative Fuels -Technologies for Shipping (released in May 2021) and presents a technical perspective on the potential alternative marine fuels and vessel technologies that need to be developed to enable the decarbonisation of the maritime transport sector.

3. MPC Container Ships secures new financing facility and sells six vessels

MPC Container Ships ASA and together with its subsidiaries, the “Group” is pleased to announce the following measures that will increase the Company’s balance sheet flexibility in order to execute on the Group’s plan to commence returning capital to investors

4. Baltic Exchange appoints Strategic Carbon Lead

The Baltic Exchange has appointed former RightShip Chief Executive, Martin Crawford-Brunt as a Strategic Carbon Lead. The Baltic Exchange recently introduced carbon assessments alongside its spot dry bulk charter rate assessments and is expanding its role to support market mechanisms aimed at reducing CO2 emissions from the shipping sector.

5. 10th Shell tanker joins Signal Maritime pool

Signal Group the Signal Group’s shipping arm, has taken commercial management of MT Silver London, its 10th Shell medium-range (MR) tanker, increasing the pool’s fleet size to 15. The partnership allows Shell to benefit from Signal’s seven year investment in the development of digital technology that underpins a highly effective system for chartering vessels.

6. Asia Maritime Pacific and Fleetscape ink sale and leaseback deal for six handy bulkers

London-based alternative capital provider Fleetscape said it has recently penned a deal to acquire six handysize bulk carriers from Hong Kong bulker firm Asia Maritime Pacific (AMP). An affiliate of Oaktree Capital said the 35,800 dwt vessels will be leased back to AMP on a five-year charter with a purchase obligation at maturity.

7. California governor signs executive order to help tackle supply chain issues

Gavin Newsom, governor of California, signed an executive order this week directing state agencies to identify ways to alleviate congestion at the state’s ports. The executive order instructs state agencies to continue coordinating with the Biden-Harris Administration Supply Chain Disruptions Task Force to address state, national and global supply chain challenges; requires the Department of Finance to work with state agencies to develop longer-term solutions that support port operations and goods movement.

8. California Governor Signs Executive Order to Help Tackle Supply Chain Issues

California Governor Gavin Newsom signed an executive order Thursday directing state agencies to identify additional ways to alleviate congestion at California ports. “California’s ports are critical to our local, state and national economies and the state is taking action to support goods movement in the face of global disruptions,” said Governor Newsom. “My administration will continue to work with federal, state, labor and industry partners on innovative solutions to tackle immediate challenges while also bringing our distribution processes into the 21st century.”

9. ZIM Kingston On Fire Off Victoria, BC After Losing Containers in Heavy Seas

The containership ZIM Kingston is currently battling a cargo fire after the ship lost 40 containers in heavy seas west of the United States-Canadian border. The ship is currently at anchor in the Straits of Juan de Fuca and the situation appears to be deteriorating. The U.S. Coast Guard reported Friday that it was monitoring several adrift containers observed about 43 miles west of the Straits of Juan de Fuca entrance after they were lost from an inbound vessel when it listed in heavy seas. An update said as many as 35 containers had been observed floating and are being monitored as they drifted to the north.

10. ICS Welcomes Progress On Carbon Pricing At IMO Working Group

The International Chamber of Shipping has welcomed calls from the International Maritime Organisation for impact assessments to be submitted showing the likely effects of a carbon price on the industry. Following today’s conclusion of the Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 10), ICS hailed the meeting as “an important first step by governments to understand how carbon pricing might apply to shipping”.


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