InterManager Daily News 22.06.2022.

1. A tragic accident occurred on the NORDEN owned vessel Nord Magic

On Friday June 17 2022, a tragic accident occurred on the NORDEN owned vessel Nord Magic in Chittagong, Bangladesh, whereby two external technicians later tragically passed away, one en route to the hospital and the other at the hospital.

The external technicians were subcontractors, hired by our technical managers NSSM via an external company, tasked with a routine inspection of the ship’s tanks. https://cyprusshippingnews.com/2022/06/21/a-tragic-accident-occurred-on-the-norden-owned-vessel-nord-magic/

2. First ship to be sustainably recycled in Kiel as a Pilot Project

In times of sustainability and increased environmental awareness, Leviathan GmbH from Cuxhaven has developed a process for green & emission-free ship recycling. Together with GERMAN NAVAL YARDS in Kiel, the sustainable recycling process will now be applied for the first time on a 41m long landing boat. The pilot project will start on 20th of June and is expected to be completed within six weeks, by the end of July. After a successful trial, approval in accordance with EU Regulation 1257 (EU Ship Recycling Regulation) will be applied. https://cyprusshippingnews.com/2022/06/21/first-ship-to-be-sustainably-recycled-in-kiel-as-a-pilot-project/

3. DP World and the Saudi Ports Authority announce major new partnership for Jeddah Logistics Park

We are proud and honoured to contribute effectively towards the achievement of Vision 2030, which includes the development of a prosperous and sustainable maritime transportation ecosystem that supports the Kingdom’s socio-economic ambitions and consolidate its status as a global logistics hub. https://cyprusshippingnews.com/2022/06/21/dp-world-and-the-saudi-ports-authority-announce-major-new-partnership-for-jeddah-logistics-park/

4. Cyprus Flagged – Proman and Stena’s first methanol-fuelled tanker heading to Caribbean

Newbuilding will load low-carbon fuel in South Korea for trip to Trinidad and Tobago

Proman Stena Bulk has got its hands on the first of its groundbreaking methanol-powered tankers. The joint venture between Swiss producer Proman and Swedish owner Stena said the 49,000-dwt Stena Pro Patria has been delivered from Guangzhou Shipyard International (GSI) in China. https://cyprusshippingnews.com/2022/06/21/cyprus-flagged-proman-and-stenas-first-methanol-fuelled-tanker-heading-to-caribbean/

5. US study sees new Arctic trade routes opening up

Carried out by researchers from Browne and Maine universities in the US, points towards climate models that show how parts of the Arctic that were once covered in ice year-round are warming so quickly that they will be reliably ice-free for months on end in as little as two decades. https://splash247.com/us-study-sees-new-arctic-trade-routes-opening-up/

6. Have handysize asset prices peaked?

The dynamics that have supported earnings for smaller geared dry bulk vessels over the past 12-18 months have also supported asset values. Whilst newbuild contract and scrap prices have broadly moved in tandem across bulker benchmarks since the start of 2021, second-hand prices for smaller ships have far outperformed their larger counterparts. https://splash247.com/have-handysize-asset-prices-peaked/

7. Hong Kong’s Iconic Jumbo Restaurant Capsizes In South China Sea

Hong Kong’s iconic Jumbo Floating Restaurant capsized on Sunday after facing adverse conditions in the South China Sea. The incident occurred when the floating restaurant passed the Xisha Islands in the South China Sea, resulting in water entering the vessel before it began to tip, owner Aberdeen Restaurant Enterprises Ltd. said in a statement. No crew members were injured, it said. https://gcaptain.com/hong-kongs-iconic-jumbo-restaurant-capsizes-in-south-china-sea/

8. The End Of The World Is Just Beginning For Shipping

There is a large shipping company that’s made record profits in recent years after changing its operational model to bet against the US Navy. Their secret weapon is an influential geopolitical strategist who claims the decline of the US Navy (and its apathy towards commercial shipping) poses the biggest threat to the world economy. Others gCaptain interviewed believe he’s just an American alarmist who uses fear to drive book sales. Who is right? https://gcaptain.com/end-of-the-world-is-just-beginning-book-review/

9. Green power for the Mittelstand: RWE plans offshore windfarm for medium-size companies

Together, the companies are pioneering a ‘Green Mittelstand Fund’ that will provide medium-sized companies in Germany with access to green electricity at a competitive price.

The idea behind the fund is to provide Mittelstand companies – said to the basis of Germany’s economic success – with the opportunity to secure green electricity through long-term power purchase agreements (PPAs). https://www.rivieramm.com/news-content-hub/green-power-for-the-mittelstand-rwe-plans-offshore-windfarm-for-medium-size-companies-71646

10. Baltic index gains on higher rates for all vessels

The Baltic Exchange’s main sea freight index gained to its highest in nearly three weeks on Monday, helped by an uptick in capesize and panamax vessel rates.

The overall index, which factors in rates for capesize, panamax and supramax vessels, added 18 points, or 0.7%, to 2,596, a peak since June 1.

The capesize index gained 44 points, or 1.47%, to 3,031, the highest since May 26.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose by $362 to $25,138. https://www.shippingtribune.com/news/shipping/Baltic+index+gains+on+higher+rates+for+all+vessels

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