InterManager Daily News 16.11.2021.

1. IShipping needs a ringside seat at international debates says InterManager

Shipping needs a “King Arthur-style” round table of many relevant bodies to fully represent its views at international level and “do it justice”, InterManager’s President Mark O’Neil said during the association’s Annual General Meeting this week. Highlighting the shipping industry’s distant position in relation to important global events such as the recent COP26 environmental discussions, Mark O’Neil, InterManager President and CEO of Columbia Shipmanagement, said shipping’s arena seat is ‘in the gods’ and we need to be ringside. “We need to control the narrative and be involved. InterManager is crucial to that voice.”

2. Cyprus ship management companies keep on substantially supporting the economy

The Shipping Chamber welcomes the positive results of the recently released “Ship Management Report”, which is published by the Statistics Department of the Central Bank of Cyprus, covering the period 1 January 2021 – 30 June 2021, which indicate that the ship management sector marked a gradual recovery from the COVID-19 pandemic and the associated decline in economic activity observed during 2020.

3. The takeover of Maersk Tankers’ technical management business by Synergy Group has been completed

Synergy Marine Pte. Ltd., a subsidiary of Synergy Group, completed its takeover of Maersk Tankers’ technical management business on 10 November 2021. With the completion of the takeover, Synergy Group, a leading ship manager operating a fleet of almost 500 vessels, takes ownership of the entire technical management business. This includes the technical management of 81 vessels, as well as customer and supplier contracts. Furthermore, close to 3,300 people, of which 140 work onshore, have become part of the Synergy Group.

4. Hafnia acquires a modern fleet of 32 fuel-efficient IMO II tankers

Hafnia Limited has entered into a share purchase agreement to acquire all outstanding shares in Chemical Tankers Inc (“CTI”) (the “Transaction”), thereby taking over control of CTI’s fleet of 32 modern and fuel-efficient IMO II product/chemical tankers (the “CTI fleet”).

5. Vantage Drilling secures jackup deal in Indonesia

Houston-based offshore driller Vantage Drilling has secured a letter of intent for its 2007-built jackup Soehanah (Pearl Driller) with an undisclosed operator for work offshore Indonesia. If firmed up, the deal should largely close the small gap that has existed on the rig’s drilling programme for early 2022, the company said in its earnings call.

6. Spring Marine snaps up Japanese MR2 from Winson

Greece’s Spring Marine Management has expanded its fleet with the acquisition of Japanese-built MR2 tanker Angel 62 from Taiwanese owner Winson, according to brokers. Advanced Shipping & Trading and Seasure Shipbroking are both reporting that Spring Marine has paid $13.8m for the 2009-built BWTS-fitted tanker.

7. Dyneema® SK78: Trusted mooring performance in warm climate and dynamic conditions

The maritime sector is continuously evolving to meet the challenges today. However, one thing remains at the heart of all mooring operations and that is safety. That is why Dyneema® invests in innovation and rigorous testing to ensure vessel owners using mooring lines with Dyneema® SK78 get reliable and unparalleled performance under all conditions.

8. Royal Dutch Shell Abandons The Netherlands Amid Climate Protests

Royal Dutch Shell announced a major overhaul of its legal and tax structure that will see the company walk away from the Netherlands amid deteriorating relations with what’s been its home country for a century. The changes come as Shell is battling an activist investor who’s demanding the company split itself into two to attract shareholders leaving the energy sector because of concerns over climate change.

9. India: New Rate Policy For Major Ports

The ministry of ports, shipping and waterways has issued the tariff policy to be followed by major port authorities while setting rates for the services rendered by them.A tariff policy has become necessary after the 11 major ports were converted into ‘authorities’ under a new law which gave them freedom to fix rates without the approval of a rate regulator.

10. DP World, Users Spar Over Charges At Cochin Port

The shipping fraternity in Cochin Port Trust has alleged that India Gateway Terminal Private Limited (IGTPL), the DP World entity that runs the international container transhipment terminal in Cochin Port Trust, continues to bill importers and CFS operators a new direct port delivery and en-bloc movement charge, even after being ticked off by the rate regulator that such charges should be levied only with its nod.


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