InterManager Daily News 16.06.2022.

1. Cyprus Shipping Deputy Ministry participation at Posidonia 2022 exhibition

The Shipping Deputy Minister Vassilios Demetriades attended in Athens on the occasion of the participation of Cyprus in the International Maritime Exhibition “Poseidonia 2022”, which took place between 6 and 10 June.

Mr. Demetriades, in the context of the exhibition, participated in actions and initiatives aimed at promoting the Cyprus Shipping, while he visited booths of Cypriot companies supporting business initiatives that seek to consolidate and form diversified services outside of Cyprus, sending the message that Cyprus has become an international complex of quality shipping activities.

2. DNV further confirms feasibility and maturity of the EastMed pipeline

DNV issued confirmation of the Feasibility Statement of the Eastern Mediterranean Deepwater Pipeline (EastMed), a 2000 km long onshore and offshore natural gas conduit project meant to connect offshore gas reserves from the Levantine Basin to Greece via Cyprus, and further to southeastern European countries in conjunction with Poseidon and Greece-Bulgaria interconnection (IGB) pipelines.

3. Trafigura Interim Report 2022 – A turbulent and volatile time for the global economy

Instead, the global economy has suffered multiple shocks starting with a gas crisis in Europe shortly after the beginning of our fiscal year. This was quickly followed by the outbreak of the Omicron variant of COVID‑19, the spread of which led to large parts of China’s economy going into lockdown, exacerbating the supply chain issues and weighing on commodities demand.

4. KR publishes guidelines on vessel storage tank materials for alternative fuels

Korean Register (KR) has published comprehensive guidelines on the metal materials suitable for use in eco-friendly fuel storage tanks, such as those used for storing LNG, ammonia, methanol and hydrogen. The newly published ‘Guidelines for Selection of Metallic Materials of Containment Systems for Alternative Fuels for Ship’ includes detailed technical information on all the metal materials suitable for such containment systems. It has been jointly developed by KR’s R&D division and Dr. KIM Yongjin’ s research team of the Korea Institute of Machinery and Materials(KIMM).

5. Maersk faces sexual assault at sea charges

Maersk is facing a manning crisis at sea as multiple reports of sexual assault surface.

In the US, two lawsuits are being filed in New York state court against Maersk Line, Limited, the Danish carrier’s American subsidiary, with two women cadets claiming they were sexually harassed and assaulted while working at sea for a year as part of their course with the US Merchant Marine Academy (USMMA).

6. Iran’s tanker spat with Greece nears conclusion

Iran’s Ports and Maritime Organisation (PMO) said on Tuesday the Iranian-flagged Lana ship seized in April by Greece has been freed and its oil cargo will be returned to its owner. MarineTraffic data shows the ship remains at anchor to the east of Athens this morning. A Greek court overturned an earlier ruling last week that allowed the confiscation by the United States of part of the Iranian-flagged tanker’s Iranian oil cargo.

7. Maersk Containership Briefly Grounds in Savannah River

A 332.5-meter-long Maersk containership apparently ran aground, and was later refloated, in the Savannah River en route to the Port of Savannah on Tuesday. AIS showed the Danish-flagged MV Maersk Surabaya up against the bank of the river with tugs in position around the vessel’s stern.

A spokesperson for the U.S. Coast Guard said the response is underway after the ship ran soft aground. The spokesperson was still awaiting details on the incident.

8. Freeport LNG Gives New Timeline for Restarting Exports From Gulf Coast Plant Hit By Fire

Freeport LNG says its Gulf Coast LNG liquefaction plant won’t return to full operations until the end of 2022 due to damage from last week’s fire. Partial operations are expected to resume in approximately 90 days, the company said.

The announcement comes in the company’s latest update on the fire which included some initial findings from its investigation into the incident that has left the 15 million tonnes per year export facility—the second largest in the U.S. and seventh in the world—completely offline.

9. ‘Strong fundamentals’ see Ocean Winds plan huge Brazilian offshore wind portfolio

Ocean Winds, the offshore wind joint-venture between EDPR and Engie, is seeking licences to develop five offshore wind projects in Brazil with a total capacity of 15 GW

The company said the projects are in the states of Piauí, Rio Grande do Norte, Rio de Janeiro, and Rio Grande do Sul.

10. Baltic index rebounds on capesize, panamax gains

The Baltic Exchange’s main sea freight index rebounded on Tuesday after touching a near two-month low in the previous day as rates rose for the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 24 points, or 1.1%, to 2,284.

The capesize index gained 62 points to 2,308, a rise of about 2.8%.


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