InterManager Daily News 02.12.2021.

1. GasLog in for LNG carrier quartet at DSME

Greek liquefied natural gas (LNG) shipping player GasLog has placed an order with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for four newbuild 174,000 cu m vessels. No price has been revealed for the quarter. Meanwhile, DSME announced on Wednesday that it had received orders from undisclosed North American shipowners for four 174,000 cu m ships worth around $850m. Splash reported earlier this week BW LNG’s orders with the South Korean shipbuilder for up to four ships of the same type.

2. DP World Limassol gets behind Movember Cyprus

DP World Limassol, in collaboration with P&O Maritime, held a shave down event at the Company’s premises at Limassol port on Thursday, 25 November, to mark Movember Cyprus and Men’s Health Awareness Month. Under this year’s tagline, ‘Changing the Face of Men’s Health’, Movember Cyprus aims to raise awareness as well as encourage men all over the island to get tested and seek mental health support.

3. TotalEnergies and Clean Energy launch the construction of their first Biogas Unit in United States

Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. Located on the Del Rio Dairy farm, the facility will be fueled by the onsite supply of livestock manure to produce more than 40 GWh of biomethane per year. The biomethane will be distributed in the United States by Clean Energy through its network of fueling stations, enabling the supply of renewable gas to between 200 and 300 trucks per year.

4. Emma Foley joins Human Rights at Sea as Head of Development

Human Rights at Sea is delighted to welcome Emma Foley to the role of Head of Development. Emma will lead on all aspects of fundraising, communications, and international growth for the organisation. She joins us with an extensive background in development in both the private and civil sectors.

5. The UAE continues to mobilise support for its re-election Category-B membership in the IMO Council

The United Arab Emirates continues its efforts to mobilise support of the International Maritime Organisation (IMO) member states for its re-election to the IMO Council Category-B membership. The elections will be held in December 2021 in London, UK. The UAE seeks to highlight its pioneering role and unremitting efforts in strengthening the national maritime sector and supporting the maritime and logistics industry worldwide. The UAE also underlines its pivotal role in developing strategies, policies and agreements that enhance safety standards and protect the marine environment.

6. Windward set for first maritime tech IPO in London

Israeli predictive maritime intelligence firm Windward has lined up a £34.5m ($46m) initial public offering on the London Stock Exchange’s AIM market this month, a move seen as the first amongst maritime tech players. “If I am not mistaken, this will be the first ever pure-play maritime tech company to be publicly listed,” commented Dr. Roar Adland via LinkedIn.

7. Sailing Towards Record Profits, Maersk Will Give $80 Million to Employees

A.P. Moller-Maersk A/S is giving $1,000 to each of its roughly 80,000 employees as the world’s largest shipping company heads for record profits this year. The bonus will be in December or January paychecks, according to an internal memo seen by Bloomberg News. The top 400 managers at the Copenhagen-based company aren’t included in the program.

8. US Labor Secretary Visits Top West Coast Ports as Union Talks Loom

The U.S. labor secretary on Tuesday met with unions and employers at the nation’s busiest port complex in Southern California as anxiety builds ahead of next year’s contract negotiations covering roughly 22,000 West Coast dockworkers. The contract expires in July, and the stakes are particularly high at the Los Angeles/Long Beach port complex that handles some 40% of U.S. imports. Docks at the side-by-side ports are crowded with cargo boxes and more than four dozen container ships are waiting to unload as retailers like Walmart scramble to stock shelves with holiday gifts.

9. Baltic Index Sails To 1-Month High As Capesize, Panamax Rates Gain

The Baltic Exchange’s dry bulk sea freight index leaped to its highest in a month on Tuesday, propelled by a steady climb in the capesize and panamax segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 137 points, or 4.8%, to its highest since Nov. 2 at 3,018. However, the index fell for a second straight month, retreating 14.2%, tracking an initial dip across vessels, which analysts attributed to factors including easing shipping congestion, higher iron ore inventories in China and thin cargo flows out of the Pacific.

10. Freight Cost Between China, US Likely To Hit New High Amid Omicron Breakout

The unknowns of the new Omicron variant could exacerbate the US port logjam and push freight costs from China to the US’ West Coast to a new high, a veteran industry analyst said on Tuesday, as the emergence of Omicron instantly set global shipping rates on fire. The new variant has apparently made global markets jittery, with the Baltic Dry Index seeing a big rebound over the past few days. The shipping cost benchmark recorded its best day in almost two months on Monday, with the overall index factoring in rates for Capesize, Panamax and Supramax vessels moving up 4.1 percent to 2,881 points.


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