InterManager Daily News 10.12.2021.

1. IMO International Maritime Prize awarded to Mr. Paul Sadler

Mr. Paul Sadler, former representative of the International Association of Classification Societies , and prior to that representative of the Government of the United Kingdom to IMO, has received the prestigious International Maritime Prize for 2020.

2. Stena Line to open new daily route to Finland

Swedish ferry company Stena Line announces to enter the Finnish market with a new daily route from Hanko in Finland to Swedish Nynäshamn. The new route is the next step in Stena Line’s ambition to further strengthen its position in the Baltic Sea. Starting with one ferry in February, the new route will be served with two vessels with daily departures from each port as of May 2022.

3. Port of Long Beach opens survey on Multimillion-Dollar community grants

The Port of Long Beach has released a survey to gather public input on the 2022 through 2024 funding priorities for the Community Grants Program, a landmark effort to lessen the effects of port operations on the surrounding area. Find the survey in English here and in Spanish here. Survey results will directly inform Port staff’s annual funding priority recommendation to the Long Beach Board of Harbor Commissioners for solicitations in 2022. It will also help assist the Port’s longer term planning in future years.

4. Memorandum of understanding concluded for the Nippon Foundation – DeepStar joint research & development program

The Nippon Foundation today signed a Memorandum of Understanding with the international offshore technology development consortium DeepStar*1 for the establishment of a joint research and development program. Under this agreement, DeepStar and The Nippon Foundation will jointly work to promote decarbonization in the field of offshore oil and natural gas, with a focus on renewable energy and the environment.

5. CMA CGM moves to create fourth largest contract logistics player in $3bn deal with Ingram Micro

French liner CMA CGM has increased its e-commerce and contract logistics footprint by acquiring most of Ingram Micro’s Commerce & Lifecycle Services business (CLS) and its Shipwire cloud-based logistics technology platform. The transaction has an enterprise value of $3bn and includes the company’s technology forward logistics businesses in North America, Europe, Latin America and Asia Pacific. The remaining portions of the existing CLS business will be retained by US-based Ingram Micro.

6. Cosco and PetroChina return to Hudong-Zhonghua for more LNG carriers

Cosco Shipping and PetroChina have firmed up orders at CSSC-affiliated Hudong-Zhonghua Shipbuilding for three additional 174,000 cu m liquefied natural gas (LNG) carrier newbuildings. The price tag of each ship is around $185m, and the purchase will be funded through 80% bank borrowings and around 20% from financial resources, Cosco Shipping Energy Transportation, the energy shipping operation unit of Cosco Shipping Group, said in a Hong Kong Exchange filing.

7. Port congestion prompts carriers to drop a quarter of all North European calls from Asia – Europe deepsea loops

The 18 Asia – North Europe loops operated by the three mega alliances have skipped a total of 383 port calls in North Europe over the past five months due to severe port congestion, new data from Alphaliner shows. The figure represents nearly a quarter of all scheduled calls in the period.

8. First Look at Maersk’s New Green Methanol-Powered Containerships

Shipping giant Maersk has unveiled its design for a series of eight green methanol-powered ultra-large containerships currently on order. The 16,000 TEU capacity ships will be built by Hyundai Heavy Industries with delivery planned in the first quarter of 2024. They will measure 350 meters long and 53.5 meters wide.

9. HFW Helps BIMCO Draft “Game-Changing” Shipping Industry Carbon Emissions Clauses

Global, sector-focused law firm has helped shipping association BIMCO draft a series of clauses in response to strict new environmental legislation that will seek to reduce the industry’s carbon emissions and which will change the way ships are operated in the future.

From 1 January 2023, the International Maritime Organisation’s revised initial greenhouse gas rules will start to take effect, with the aim of reducing carbon emissions from ships by 40% from 2008 levels by 2030. This will involve ships meeting increased technical measures to improve a ship’s energy efficiency (EEXI), and ongoing operational measures to reduce a ship’s carbon intensity in accordance with a carbon intensity indicator (CII) regime.“Game-Changing”+Shipping+Industry+Carbon+Emissions+Clauses

10. Seanergy Maritime Announces $16.6 Million Buyback Of Convertible Notes, Warrants And Common Shares, As Well As Open-Market Stock Purchases By The CEO

Seanergy Maritime Holdings Corp. announced an aggregate of $16.6 million in buyback and elimination of:

(i) two outstanding convertible notes with 5.5% coupon and a conversion price of $1.20 per share (the “Notes”),

(ii) the entire amount of warrants to purchase common shares at an exercise price of $0.70 (the “Warrant”) held by the holder of the Notes and

(iii) buyback of common shares,fully utilizing its previously announced share repurchase plan.


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