InterManager Daily News 10.01.2023.

1. New Decree obstructs lifesaving rescue efforts at sea and will cause more deaths

Human Rights at Sea has joined with a range of civil society organisations to issue the following statement: “We, civil organisations engaged in search and rescue (SAR) activities in the central Mediterranean Sea, express our gravest concerns regarding the latest attempt by a European government to obstruct assistance to people in distress at sea.

2. Weak vessel demand drags Baltic index to near 4-month low

The Baltic Exchange’s dry bulk sea freight index extended its decline to hit a near four-month low on Thursday, weighed down by weaker demand across vessel segments as shipping activity remained low. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, lost 30 points, or 2.6%, to 1,146, its lowest since Sept. 7.

3. Russia sends more Arctic oil to China and India after sanctions

Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.

4. Europe’s gas prices slump to moderate storage build

Europe’s gas prices are slumping as the combination of mild weather and reduced industrial consumption has produced an unusual seasonal increase in inventories which threatens to overwhelm the storage system.

5. “Old habits die hard” – a Drewry Container Forecaster

We gave carriers too much credit by thinking they would proactively manage capacity. A deep-seated instinct to preserve volumes has kicked in, leaving carriers without control of the market, says Drewry in its latest Container Forecaster report.

6. Wilson moves to delist from Oslo

Norway’s Wilson has launched an offer to buy back its own shares as it sets the stage to be delisted from the Oslo Stock Exchange. The mini-bulker giant, controlled by shipowner Kristian Eidesvik and his family, is looking to buy back close to 4.36m shares at NOK 69 each, for up to NOK300.6m ($30.4m).

7. More work for Dolphin Drilling semisub in Nigeria

The new deal gives the Euronext Growth-listed owner of three rigs the potential to extend the backlog for the 1974-built unit by a minimum of 120 days and up to 485 days in addition and in direct continuation with the previously announced contract with General Hydrocarbon Limited (GHL).

8. Evergreen Rewards Staff with Mega Year-End Bonuses

Taiwan’s Evergreen Marine Corp. is celebrating a standout year by awarding stellar bonuses to some of its staff. The Taipei-based shipping company is handing out year-end bonuses equal to 50 months salary, or more than four years’ pay, on average, according to a person familiar with the matter.

9. Heavy-lift sector reveals latest tech in Hamburg

The growth in offshore windfarms and a resurgence in the oil and gas market has triggered new designs in cranes and other lifting equipment, with a run of orders placed in late 2022 that augur for the new year and beyond. Liebherr, Palfinger Marine, Huismann, MacGregor and Kenzfigee among others have come up with improved models that attracted attention at the recent WindEnergy Conference & Exhibition in Hamburg.

10. Traffic in Suez Canal normal after ship breakdown dealt with- SCA

Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the waterway, the Canal Authority said. The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT), shipping agent Leth said.


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