InterManager Daily News 05.04.2023.

1. V. Group: Reliability is essential. If shipmanagement companies can prove themselves a viable alternative to an owner managing a vessel themselves, the model is absolutely sustainable, says René Kofod-Olsen, chief executive officer at V.Group, a shipmanagement and services giant with more than 60 offices across the world. https://splash247.com/v-group-reliability-is-essential/
2. MAN Energy Solutions’ MAN 49/60DF successfully passes Type Approval Test. Eighteen months of full-scale engine testing culminates in type approval of MAN’s flagship engineMAN Energy Solutions’ MAN 49/60DF engine has received its Type Approval after a five-day programme on the testbed at company HQ in Augsburg, Germany. The Type Approval Test (TAT) was witnessed by inspectors representing the ABS, BV, CCS, DNV, LR and RINA classification societies, who signed the test protocol upon the successful completion of the schedule. https://cyprusshippingnews.com/2023/04/04/man-energy-solutions-man-49-60df-successfully-passes-type-approval-test/
3. Cyprus shipping faces second Turkish embargo. Ships flying the Cypriot flag are faced with a second Turkish embargo as they are prevented from transporting grain from or to Ukraine under the Black Sea Grain Initiative, said Shipping Deputy Minister Marina Hadjimanolis. She pointed out that following Russia’s invasion of Ukraine, there was an agreement between Turkey, Ukraine and Russia with the United Nations to ensure grain passage from Ukraine. https://cyprusshippingnews.com/2023/04/03/cyprus-shipping-faces-second-turkish-embargo/
4. Seven IMO Member States have each nominated a candidate for the post of Secretary-General of the International Maritime Organization. Seven IMO Member States have each nominated a candidate for the post of Secretary-General of the International Maritime Organization (IMO). The term of the current incumbent, Mr. Kitack Lim of the Republic of Korea, expires on 31 December 2023.Seven IMO Member States have each nominated a candidate for the post of Secretary-General of the International Maritime Organization (IMO). The term of the current incumbent, Mr. Kitack Lim of the Republic of Korea, expires on 31 December 2023. https://cyprusshippingnews.com/2023/04/03/seven-imo-member-states-have-each-nominated-a-candidate-for-the-post-of-secretary-general-of-the-international-maritime-organization/
5. Singapore fuel oil stocks drop 2%; net imports retreat. Residual fuel oil stocks at key trading hub Singapore fell 2% in the week ended March 29, as net imports eased after a sharp uptick last week, data showed on Thursday.Onshore fuel oil stocks were at 22.58 million barrels (3.56 million tonnes) in the week ended March 29, based on Enterprise Singapore data.The decline came amid a drop in net fuel oil imports, which slid 31% to 562,000 tonnes. https://cyprusshippingnews.com/2023/04/04/singapore-fuel-oil-stocks-drop-2-net-imports-retreat/
6. IMO CARES project enters next phase. IMO CARES project funding boost from Saudi Arabia enables move to full implementation phase. The IMO CARES project has completed a year-long foundation and preparatory phase, and now has received a further round of funding from the Kingdom of Saudi Arabia that will enable the initiative to move to a full implementation phase. https://cyprusshippingnews.com/2023/04/04/imo-cares-project-enters-next-phase/
7. World’s top bunkering hub prepares for methanol future. Local firm Consort Bunkers has just contracted China Merchants Jinling Shipyard to build six 6,500 dwt methanol bunkering tankers while compatriot Global Energy Group is set to receive its first 4,000 dwt methanol bunkering vessel from Japan’s Sasaki Shipbuilding in the final quarter of this year. Another bunker supplier, Golden Island Diesel Oil Trading, is readying to order a methanol tanker up to 12,000 dwt in size for delivery in 2026. https://splash247.com/worlds-top-bunkering-hub-prepares-for-methanol-future/
8. China Intensifies Nuclear Submarine Patrols. China is for the first time keeping at least one nuclear-armed ballistic missile submarine constantly at sea, according to a Pentagon report – adding pressure on the United States and its allies as they try to counter Beijing’s growing military.The assessment of China’s military said China’s fleet of six Jin-class ballistic missile submarines were operating “near-continuous” patrols from Hainan Island into the South China Sea. Equipped with a new, longer-range ballistic missile, they can hit the continental United States, analysts say. https://gcaptain.com/china-intensifies-nuclear-submarine-patrols/
9. Malaysian PM Seeks South China Sea Resolution. Malaysian Prime Minister Anwar Ibrahim on Monday said he was prepared to negotiate with China over a maritime dispute between the two countries, days after a think tank reported Chinese patrolling close to a Malaysian offshore gas project. China claims sovereignty over almost the entire South China Sea, through which about $3 trillion worth of ship-borne trade passes annually. Malaysia, Brunei, the Philippines, Taiwan and Vietnam have some overlapping claims. https://gcaptain.com/malaysian-pm-seeks-south-china-sea-resolution/
10. Adani’s Mundra Port nearing full capacity in container handling; capacity addition underway. Mundra Port, India’s biggest commercial and container port located in Gujarat, handled 6.64 million twentyfoot equivalent units or TEUs in FY23 and is banking on a new under construction facility to meet the demand for shipping cargo in steel containers into and out of India’s north-western region.Mundra, the flagship port of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator, runs four container terminals with a combined capacity of 7.5 million TEUs.https://www.shippingtribune.com/news/shipping/Adani%E2%80%99s+Mundra+Port+nearing+full+capacity+in+container+handling%3B+capacity+addition+underway