InterManager Daily News 21.02.2023.

1. Algoma Central Corporation and the CSL Group order a new generation of Kamsarmax-Based Ocean Belt Self-Unloading Ships

Algoma Central Corporation and The CSL Group, who together form the CSL International Pool, announced a newbuild order with Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd., to construct four new methanol-ready Kamsarmax-based ocean belt self- unloading vessels. These new ships will replace the Pool’s oldest vessels and become the model for its next generation of ocean self-unloaders. https://cyprusshippingnews.com/2023/02/20/algoma-central-corporation-and-the-csl-group-order-a-new-generation-of-kamsarmax-based-ocean-belt-self-unloading-ships/

2. OneCare Solutions launches Corporate Wellness programs for safeguarding employee health

OneCare Solutions, a leading health and wellbeing platform, announces a new initiative for creating bespoke Corporate Wellness Programs suited to each client. The elements that can be included in a program cover multiple approaches to safeguarding employee health and wellbeing, such as 24/7 mental health support, nutrition and healthy living training, and fitness schedules. https://cyprusshippingnews.com/2023/02/20/onecare-solutions-launches-corporate-wellness-programs-for-safeguarding-employee-health/

3. Oldendorff celebrated Namura capesize newbuilding

On 10th February 2023, Oldendorff celebrated the name giving of their latest Japanese Capesize newbuilding, M/V “Gina Oldendorff”. She followed her sistership “Alice Oldendorff”, which was also delivered from Namura Shipbuilding in November. Both Capesize ships will be retrofitted with “Yara” Exhaust Gas Cleaning Systems in China. Oldendorff ordered the two 182,000 tdw vessels in 2021. Their very low fuel consumption will also mean lower CO2 emissions. https://cyprusshippingnews.com/2023/02/20/oldendorff-celebrated-namura-capesize-newbuilding/

4. Chinese shipyards hit record 47% market share in 2022

In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards. Ships delivered to new owners by Chinese shipyards in 2022 totalled 14.6 million Compensated Gross Tonne (CGT), a measure of shipyard activity, of the 30.8 million CGT delivered globally. The two other main shipbuilding nations, Japan and South Korea, delivered respectively 4.8 and 7.8 million CGT. https://cyprusshippingnews.com/2023/02/20/chinese-shipyards-hit-record-47-market-share-in-2022/

5. Using technology to trace the carbon intensity of sustainable marine fuels

During a recent webinar, speakers from the LR Maritime Decarbonisation Hub and Safetytech Accelerator discussed their new report ‘Tracing the true carbon intensity of sustainable marine fuels’ which highlights how innovative technologies could be used for the end-to-end assurance of the green fuel supply chain. https://cyprusshippingnews.com/2023/02/20/using-technology-to-trace-the-carbon-intensity-of-sustainable-marine-fuels/

6. Tanker bull-run breaks records

Tankers have gone from multi-decade lows to near historical highs over the past 12 months, with a number of records being broken. Average tanker earnings are now on track to have remained above $40,000 a day for eight months, the longest stretch on record, according to data from Clarksons Research. https://splash247.com/tanker-bull-run-breaks-records/

7. COSCO clears out vintage VLCCs

Vintage VLCCs are selling faster at higher prices as each week of the year passes, with the most active selling nationality being Chinese. Staff working for Chinese shipowning giant COSCO’s sales and purchase department have to stay up late these days, lining up a third vintage VLCC sale in the space of a month, selling rusty giants at historically high prices. https://splash247.com/cosco-clears-out-vintage-vlccs/

8. Fukushima Wastewater Could Be Released Into The Sea This Spring Or Summer

The release of waste water from Japan’s wrecked Fukushima nuclear power plant would have a negligible effect on South Korean waters, according to a government study published on Thursday. “That change would be too small to detect,” an official at the Korea Institute of Ocean Science and Technology said. https://gcaptain.com/fukushima-wastewater-could-be-released-into-the-sea-this-spring-or-summer/

9. Shipping Containers With Billions Of Dollars Worth Of Imports Are Stuck At Pakistan’s Ports

A bunch of Pakistan’s biggest companies have halted operations in the past months as they ran out of raw materials or foreign exchange, or both, compounding the troubles of an economy that’s trying to avert a debt default. The local unit of Suzuki Motor Corp. extended the shutdown of its manufacturing plant to Feb. 21, according to a statement to the stock exchange on Friday, saying that parts shortages are persisting. https://gcaptain.com/shipping-containers-with-billions-of-dollars-worth-of-imports-are-stuck-at-pakistans-ports/

10. Hybrid drive system maximises LNG-battery tug’s environmental performance

Increasingly, tug operators are turning to battery-hybrid applications to improve emissions, reduce fuel consumption and lower maintenance costs. This is the case of JMS Sunshine, Singapore’s first LNG battery-hybrid tug. Owner, Sembcorp Marine, has ambitions to reduce its greenhouse gas (GHG) emissions in line with IMO’s decarbonisation targets by replacing its fleet of diesel-powered tugs. https://www.rivieramm.com/news-content-hub/hybrid-drive-system-maximises-lng-battery-tugs-environmental-performance-75031