InterManager Daily News 27.06.2022.

1. Cyprus Shipping Chamberr organises Blood Donation Drive for International Day of the Seafarer

On 25 June the International Shipping Community celebrates annually the “Day of the Seafarer”, which was set by the International Maritime Organisation (IMO) in 2011. The “Day of the Seafarer” recognises and honours the efforts of Seafarers around the world, who play a vital role in world trade and truly contribute in ensuring a stable world economy and society. For 2022, the campaign of the Day of the Seafarers, with the theme “Your voyage – then and now, share your journey”, look at seafarer voyages, what it includes and how has it evolved over time and what remains at the heart of seafarers’ reality.

2. Message of Cyprus Shipping Deputy Minister for the “Day of the Seafarer” – Cyprus supports the Seafarers with actions

The Cyprus Shipping Deputy Ministry on the occasion of “Day of the Seafarer” which was established in 2011 at the initiative of the International Maritime Organization and is celebrated every year on June 25, highlights the important role of people at sea and their huge contribution to global shipping.

Cyprus honours and recognises the role of seafarers through specific actions and initiatives, showing its appreciation to seafarers who are the most important aspect of the global shipping industry.

3. America accounts for 31% of the globe’s nuclear-generated electricity

Nuclear energy generation has been declining in the last three decades. But that hasn’t dissuaded many countries from investing in it. Today over 400 nuclear power plants dot the earth’s surface, contributing roughly 10% of the earth’s electricity production.

According to a StockApps data presentation, the U.S. generates the most nuclear electricity globally. The country’s nuclear power plants produce nearly 790,000 GWh of electricity. That’s roughly 31% of the world’s total electricity production from the resource.

4. Maintaining seafarer wellbeing is critical to safety

Lloyd’s Register’s Chief Marketing Officer Philippa Charlton said: “Seafarers cannot be expected to operate vessels safely without an environment that fosters good psychological wellbeing and mental health. We’re seeing some good examples of progress within the industry towards a more supportive and human-centric working environment for seafarers – but there is still a long way to go.”

5. Cash-strapped Lamprell in takeover talks

Financially troubled Lamprell has seen its shares plummet as it said it was exploring funding options and that it had received a cash takeover offer from its second-largest shareholder, Blofeld, at what it was described as a very significant discount.

The UAE-based fabricator said it was considering the possible offer from its 25% shareholder in light of its liquidity position and the funding requirements of $75m over the next two months. However, Lamprell pointed out that the offer comes at a significant discount to the company’s current share price, which fell 78% on Friday.

6. Trouble at the mill: China’s declining steel demand has cape owners on edge

China’s plummeting steel demand and falling prices for the metal are putting cape owners on edge.

China’s steel market, the world’s largest, has experienced a sharp sell-off over the last 10 days and steelmakers are increasingly looking to idle steel plants as their margins take a beating with steel prices crashing to 2020 levels.

China’s steel output has been wildly overshooting local construction activity, something that is only now registering in prices for the metal.

7. A ‘Perfect Storm’ Threatens Southern African Citrus Industry

While fruit production is set to grow by 500,000 tons over the next three to five years, soaring fertilizer and fuel prices stemming from Russia’s invasion of Ukraine, high freight rates and inefficiencies at South African ports put the industry’s long-term survival at risk, Justin Chadwick, the chief executive of the Citrus Growers’ Association of Southern Africa said in opinion piece in the Johannesburg-based Business Day newspaper.

8. Germany Looking To Repurpose Unused Nord Stream 2 Pipeline For LNG Use

The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast.

Magazine Der Spiegel reported on Friday that the German economy ministry is considering expropriating the part of the pipeline system located on German territory and cutting it off from the rest of the pipeline. The report did not cite any sources.

9. Thousands of seafarers abandoned on hundreds of ships

Ahead of the International Day of the Seafarer on 25 June 2022, maritime vessel vetting, safety and compliance company Rightship’s Marine Assurance team has compiled research to show that some 3,623 seafarers are unable to return home because of ship abandonments

With 247 vessels officially abandoned around the world, the organisation cautions that the figures are likely underreported, as many ship abandonments are undocumented.

10. Capesize gains buoy Baltic sea freight index

The Baltic Exchange’s main sea freight index edged up on Thursday, as stronger rates for capesize vessels overshadowed declines in the panamax and supramax segments.

The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 5 points, or 0.2%, to 2,354.

The capesize index added 76 points, or 3.24%, to 2,419.


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