InterManager Daily News 22.09.2022.

1. Cyprus working to protect shipping from EU sanctions on Russia

The EU needs to ensure that its Russia sanctions do not negatively impact the bloc or individual member states, especially when it comes to the shipping sector, President Nicos Anastasiades has said. In address to the Shipowners Association in Athens on Friday night, Anastasiades spoke in general about the shipping industry and the importance of the Cypriot and Greek registries to the bloc.

2. CLdN to acquire Seatruck Ferries from Clipper Group

Leading European RoRo ferry operator CLdN has entered into an agreement to acquire all shares in Seatruck Ferries Holding Ltd. from Clipper Group. With 8 purpose-built vessels, Seatruck Ferries is the leading RoRo operator on the Irish Sea, transporting close to 20% of the region’s seaborne cargo volumes.

3. DP World wins latest judgement in Hong Kong Court over Djibouti concession

DP World has won the latest in a string of court rulings, as it defends its rights as shareholder and concessionaire in Djibouti’s Doraleh Container Terminal The Court of Appeal of Hong Kong has dismissed the latest request by China Merchants Port Holdings seeking permission to file a second appeal before the Court of Final Appeal, against its previous decision that DP World’s suit against the company should be heard before Hong Kong Courts, and not the courts of Djibouti.

4. Amogy and Trafigura to research ammonia cracking technology as a facilitator to global hydrogen supply chains

Amogy, a pioneer of emission-free, energy-dense ammonia power solutions, and Trafigura, one of the largest physical commodity trading groups in the world, today announced an agreement to study the use of ammonia as a carrier to transport clean hydrogen from point of production to point of consumption. The findings of this joint research on ammonia cracking will help support industry-wide efforts to decarbonize transport and heavy industrial processes and lower carbon emissions to meet global climate goals.

5. Norway’s fjords welcome another pair of autonomous vessels

Another pioneering Norwegian pair of vessels have hit the waters, advancing shipping’s path to autonomous operations. ASKO, a grocery distributor, has christened a pair of vessels which are electrically powered and can operate autonomously, following in the wake of the Yara Birkeland, a landmark ship that has been operating since the start of the year.

6. COSCO puts Hamburg terminal investment on hold

China’s COSCO Shipping Ports has said it will delay completing the acquisition of a stake in a container terminal in Germany’s largest port to the end of the year. COSCO’s terminal arm moved last year to take a 35% stake in the operator of the container terminal in Tollerort in the port of Hamburg, which would mark the first time ever that a foreign firm has been able to invest in this famous port.

7. Shell confirms PreludeFLNG has resumed operations after strike

“This follows the cancellation of Protected Industrial Action after an in-principle enterprise [bargaining] agreement [EBA] was reached with the Australian Workers’ Union and Electrical Trades Union in relation to the Prelude facility on 23 August. The Enterprise Agreement has now been supported by a majority of employees in a formal vote and is expected to come into effect in early October 2022. We are focused on moving forward as a business and delivering affordable, reliable energy to our customers through continued safe, stable production in order to meet the critical global demand for energy security,” Shell said.

8. Major Hurricane Fiona Slams Turks and Caicos After Leaving Path of Destruction

Hurricane Fiona bore down on Turks and Caicos Islands on Tuesday as a powerful Category 3 storm, slamming the Caribbean archipelago with heavy rains and life-threatening flooding after cutting a path of destruction through the Dominican Republic and Puerto Rico. U.S. officials said on Tuesday the storm had claimed four lives in Puerto Rico. A fifth person was killed in Guadeloupe earlier in the week.

9. Long Beach Port Chief Sees West Coast Labor Deal Being Reached Without Strike

Dockworkers and their employers at 29 West Coast ports will keep cargo at the busiest US maritime operations moving as they negotiate a new labor contract, avoiding a repeat of the stoppages and delays that plagued supply chains in the 2014 talks, the head of the port of Long Beach said.

10. Baltic index scales 1-1/2-month peak on strong demand across segments

The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose to more than one-and-a-half-month high on Tuesday as demand firmed across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 176 points, or 11.3%, at 1,729 points, its highest since Aug. 3.


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