InterManager Daily News 13.02.2023.

1. Ancoria Insurance a steadfast supporter of the Cyprus Shipping Industry

Ancoria Insurance Public Ltd continues for the fifth consecutive year its support to the Cyprus Shipping Industry by granting another three full scholarships. The successful recipients for 2022 are Christoforos Christoforou, Froso Theocharous and Sotiris Hadjiathanasiou who have been granted full scholarships for the seven subjects required to undergo the Professional Qualifying Examinations (PQE) for Membership (MICS) to the Institute of Chartered Shipbrokers (ICS). https://cyprusshippingnews.com/2023/02/10/ancoria-insurance-a-steadfast-supporter-of-the-cyprus-shipping-industry/

2. KVH supports Seafarers with Free VoIP calls to Turkey and Syria

To ensure that seafarers can contact family, friends, and loved ones in earthquake-affected areas, KVH plans to provide free calls to Turkey and Syria to seafarers using KVH VSAT systems through the end of February 2023

KVH announces that it is now offering free VoIP calls to Turkey and Syria for seafarers, anticipating that this service will be available through the end of February 2023. Seafarers can use their KVH TracNet™hybrid terminals and TracPhone® VSAT-only terminals to connect with family, friends, and loved ones affected by the devastating earthquakes in southeast Turkey, near the border of Syria. https://cyprusshippingnews.com/2023/02/10/kvh-supports-seafarers-with-free-voip-calls-to-turkey-and-syria/

3. Cyprus Cabinet approves Marina and Cruise ship pier project In Pafos

A residential and commercial development, which will include a hotel, a marina and a pier for luxurious cruise ships, was approved on Wednesday by the Council of Ministers, as announced by Deputy Tourism Minister, Savvas Perdios. In statements after the Cabinet’s meeting, Perdios said that it has been a goal of the Deputy Ministry for four years to promote the project’s implementation, the idea of which has been dormant for 30 years. https://cyprusshippingnews.com/2023/02/10/cyprus-cabinet-approves-marina-and-cruise-ship-pier-project-in-pafos/

4. Russia to increase LPG exports by a third in Feb, traders say

Russia plans to boost exports of liquefied petroleum gas (LPG) in February to benefit from better profitability than in its domestic market, traders said on Wednesday.LPG exports in February are targeted at 753,500 tonnes, up by a third from January, the traders said. Russia could raise seaborne exports mainly via the Baltic port of Ust-Luga and Black Sea port Taman in February by 92% from January to 240,700 tonnes, according to Reuters calculations and industry sources. https://cyprusshippingnews.com/2023/02/10/russia-to-increase-lpg-exports-by-a-third-in-feb-traders-say/

5. Prosmar Bunkering now providing bunker market data to underpin Baltic Exchange’s TCE Calculations

Prosmar Bunkering, a ZeroNorth company, has announced it has become the new provider of bunker prices for Baltic Exchange, the leading independent source of maritime market information. The deal will see Baltic Exchange use Prosmar Bunkering’s market-leading bunker price data to calculate Time Charter Equivalents (TCE) for vessels across the global fleet. https://cyprusshippingnews.com/2023/02/10/prosmar-bunkering-now-providing-bunker-market-data-to-underpin-baltic-exchanges-tce-calculations/

6. Top Korean shipping lines back nuclear power

A host of Korean shipping lines including HMM, Sinokor and H-Line Shipping along with the nation’s class society are pressing ahead with plans to develop nuclear-powered merchant ships. The CEOs of the shipping lines along with the Korean Register, the Nuclear Research Institute and the Korea Atomic Energy Research Institute met yesterday in Gyeongju City to discuss how to develop small module nuclear reactors for ships. https://splash247.com/top-korean-shipping-lines-back-nuclear-power/

7. A chance to ‘restore serenity’: CMB makes its case to replace the Euronav board

The Saverys family-controlled Compagnie Maritime Belge (CMB), Euronav’s top shareholder with a 25% stake, is pushing shareholders to replace the existing supervisory board at the tanker company, something that will be due for a vote on March 23. The existing board is still pushing for a merger with John Fredriksen-controlled Frontline, despite the latter officially canning its combination plans last month. https://splash247.com/a-chance-to-restore-serenity-cmb-makes-its-case-to-replace-the-euronav-board/

8. Loadings Of Turkish BTC Pipeline Oil Could Begin Within Days

Turkey’s Ceyhan port could resume loading oil from the Baku-Tbilisi-Ceyhan (BTC) pipeline in one or two days using “manual” procedures, a Turkish official and a shipping source said on Saturday. The terminal, on Turkey’s Mediterranean coast, was damaged in the devastating earthquakes that hit Turkey and Syria on Monday. https://gcaptain.com/loadings-of-turkish-btc-pipeline-oil-could-begin-within-days/

9. Canada Says It Won’t Permit Sea Floor Mining

Canadian officials on Thursday said they would not allow mining in its domestic ocean seabeds, citing a lack of legal authority as well as the federal government’s environmental commitments to protect marine areas. Sea floor nodules contain metals used in batteries that are needed to fuel the world’s transition to clean energy, but trawling the sea floor for them could disrupt ecosystems. https://gcaptain.com/canada-says-it-wont-permit-sea-floor-mining/

10. Baltic index falls as capesize losses offset panamax gains

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, as gains in the panamax segment were countered by a decline in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 11 points, or 1.8%, to 592. https://www.shippingtribune.com/news/shipping/Baltic+index+falls+as+capesize+losses+offset+panamax+gains