InterManager Daily News 02.05.2022.

1. Scorpio Tankers reveals sales of 18 vessels

New York-listed Scorpio Tankers has revealed a considerable recent fleet clear-out while delivering its Q1 results. The firm, run by Robert Bugbee and Emanuele Lauro, has sold 18 ships so far this year consisting of three LR2s, 12 LR1s, and three MR tankers for around $375m.

2. Cyprus Shipping Deputy Ministry boosts maritime connectivity with new ferry link between Cyprus and Greece

Following a formal evaluation procedure, the contract for Tender No. SDM 14/2021 has been awarded to Scandro Holding– a joint venture between ship management company Acheon Akti and tour operator Top Kinisis. The company was formed with the ultimate goal of connecting Cyprus and Greece by sea.

3. Poseidon Principles elect new Steering Committee members

Following today’s annual meeting, the Poseidon Principles Association announces the new composition of its Steering Committee, the governance body that coordinates the Association on behalf of its members. The Poseidon Principles are a global framework for measuring and publicly reporting the carbon footprint of financial institutions’ shipping portfolios.

4. Social dialogue, key to strengthening safety and health at work

Responses to the COVID-19 pandemic have shown the importance of an effective collaboration between social partners in preventing occupational accidents and diseases, says a new report from the ILO on World Day for Safety and Health at Work.

5. The International Maritime Organization Maritime Safety Committee Resolution: Actions to facilitate seafarer evacuation

The International Maritime Organization (IMO) Maritime Safety Committee (MSC 105), which met 20-29 April 2022, adopted the following resolution on 28 April 2022:

RESOLUTION MSC.495(105) – Actions to facilitate the urgent evacuation of seafarers from the war zone area in and around the Black Sea and the Sea of Azov as a result of the Russian Federation aggression against Ukraine.

6. Russia-China dirty tanker trade soars 94% after Ukraine invasion

China is the world’s largest importer of crude oil and Russia is the second largest crude exporter. Much of the crude oil trade between the two countries, however, is piped and the short distance from Far East Russia to China also limits the impact on demand for crude oil tankers. Still, a change in the Russia to China dirty trade has the potential to impact tanker tonne miles demand as it could come at the expense of longer trade lanes.

7. Zeebrugge start work together as a unified port

Annick De Ridder, vice-mayor of the city of Antwerp and president of the board of directors of Port of Antwerp-Bruges, said the enlarged port has ambitions to become the energy gateway to Europe as a green port with very significant investments ongoing in hydrogen.

8. EU To Propose Phasing Out Russian Oil By The End Of The Year

The EU will also push for more banks from Russia and Belarus to be cut off from the international payment system SWIFT, including Sberbank PJSC, said the people, who asked not to be identified because the discussions are private. The U.S. and U.K. previously imposed sanctions on Sberbank, Russia’s largest financial institution.

9. The Way We Look At The Global Economy Needs To Change

As for the big picture, the intertwined world economy took decades to stitch together and will take years to play out, however it evolves. In the meantime, economists are squinting to see the more granular, short-term shifts that the pandemic and Russia’s war in Ukraine are forcing on consumption, investment, production and trade.

10. Indian Agency Seeks To Flush Highly Toxic Pesticides Into South African Sea

Indian agrochemicals manufacturer UPL Ltd UPLL.NS has applied for permission to flush water contaminated by a toxic pesticides spill in South Africa’s city of Durban directly into the sea or the sewerage system, the company said on Saturday.

The municipal authorities have judged the pesticides — which were being contained in a dam that overflowed during devastating floods that struck the eastern port city earlier this month — as being “highly toxic to the environment.”


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