InterManager Daily News 12.12.2022.

1. Marlow Navigation strengthened International Offshore Division with the launch of a dedicated website reinforcing the Marlow Offshore Brand and team

“Essentially, we have consolidated our various offshore departments and services under one umbrella, pulling our resources and expertise across the Marlow network to deliver turnkey solutions for the offshore industry,” stated Joint Managing Director at Marlow Navigation.

2. Oil prices fall on relaxed Russia price cap

Oil prices have slumped since early November as traders concluded the price cap on Russia’s exports introduced by the United States, the European Union and their allies will have little impact on crude availability. Earlier fears the cap would disrupt crude flows boosted Brent prices and calendar spreads throughout October – even as the outlook for the global economy and oil consumption deteriorated.

3. Global Maritime Forum report lays out action plan for shipping’s long-term challenges and opportunities

In September, over 200 high-level maritime leaders sought to turn climate ambition into action, increase the maritime industry’s appeal to the right talent, and safeguard the benefits of global seaborne trade. A new Global Maritime Forum report summarizes the ideas for collective action that emerged at the organisation’s New York Annual Summit.

4. Cyta celebrates its new European first Ookla CEO travels to Cyprus to present the Speedtest Award

Cyta celebrated its second consecutive award as the fastest mobile network in Europe*, at an event held on Wednesday, December 7, 2022, on the 10th floor of the 360 Nicosia building. The award was presented by the Ookla® CEO, Mr. Doug Suttles who travelled to Cyprus especially for the occasion, in the presence of the Deputy Minister of Research, Innovation and Digital Policy, Mr. Kyriacos Kokkinos, government officials and media representatives.

5. Honorary distinction to CySEC from the Pancyprian Volunteerism Coordinative Council

The Cyprus Securities and Exchange Commission received an honorary distinction at the 7thCorporate Volunteering Competition and Volunteering Contribution of the Pancyprian Volunteerism Coordinative Council for the active participation of its employees in social responsibility actions.

6. Turkey refuses to relent on insurance demands as Bosporus tanker queue lengthens

Turkey will not stand down from its demand that tankers transiting the Bosporus and Dardanelles are inspected to check they are carrying insurance letters, a stance that has seen a backlog of ships growing in the eastern Mediterranean and the Black Sea over the last week.

7. Bunker prices hit year-low

Average prices for very low sulphur fuel oil – the bunker used by the majority of the commercial shipping fleet – has ducked below $600 per ton at the world’s top four bunkering hubs in December, standing at $581 as of Wednesday according to data from Ship & Bunker, a far cry from the more than $1,000 owners were having to pay in June when prices hit all-time highs.

8. Voyager Worldwide hit by cyber attack

Maritime tech giant Voyager Worldwide has become the latest big name in maritime to be hit by a cyber attack. Since December 2, all systems have been taken offline at the navigation services and solutions provider, which boasts more than 1,000 shipping companies as customers around the world.

9. U.S. Sanctions People, Entities Over China-Based Illegal Fishing

The United States on Friday imposed sanctions on people and companies, including Nasdaq-listed Pingtan Marine Enterprises, Ltd., over what Washington says are human rights abuses linked to China-based illegal distant water fishing. The U.S. Treasury Department imposed sanctions on Li Zhenyu and Xinrong Zhuo, both Chinese nationals, and 10 entities they control, including Dalian Ocean Fishing Co., Ltd. and Pingtan Marine Enterprise, Ltd. (PME), the U.S. Office of Foreign Assets Control (OFAC) said in a statement.

10. Romania Defuses Mine Drifting Near Its Black Sea Shore

Romania’s navy carried out a controlled explosion on Saturday of a naval mine that had drifted close to the country’s Black Sea shore, the defense ministry said. Mines began floating in the Black Sea after Russia invaded Ukraine on Feb. 24, and Romanian, Bulgarian and Turkish military diving teams have been defusing those drifting in their waters.


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