1. Korean Shipbuilding Industry attains 33% of its target for 2023 in Q1. The Korean shipbuilding industry is moving closer to achieving this year’s order-taking target based on stable orders. Korean shipbuilders are concentrating on boosting profitability by selectively winning orders for liquefied natural gas (LNG)-powered carriers, which are regarded as high-value ships. https://cyprusshippingnews.com/2023/04/10/korean-shipbuilding-industry-attains-33-of-its-target-for-2023-in-q1-2/
2. Singapore fuel oil stocks rise to over one-year high. Residual fuel oil stocks at key trading hub Singapore climbed to its highest in over a year, official data showed Thursday, as storage demand remained firm. Onshore fuel oil stocks rose 5% to 23.74 million barrels (3.74 million tonnes) in the week to April 5, last higher in February 2022, based on Enterprise Singapore data.The inventory build emerged despite a fall in weekly net fuel oil imports, which dropped 22% to 439,000 tonnes. Residual fuel oil stocks at key trading hub Singapore climbed to its highest in over a year, official data showed Thursday, as storage demand remained firm.Onshore fuel oil stocks rose 5% to 23.74 million barrels (3.74 million tonnes) in the week to April 5, last higher in February 2022, based on Enterprise Singapore data. The inventory build emerged despite a fall in weekly net fuel oil imports, which dropped 22% to 439,000 tonnes. https://cyprusshippingnews.com/2023/04/10/singapore-fuel-oil-stocks-rise-to-over-one-year-high/
3. Russia’s Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying. Sibur, the largest producer and exporter of liquefied petroleum gas (LPG) in Russia, redirected exports to Africa, the Middle East and Asia in the past three months, industry sources said. The European Union imposed an embargo on the import of petroleum products of Russian origin from Feb. 5, but LPG was not banned. Many EU buyers, however, cut LPG purchases from Russia to negate any possible risk. https://cyprusshippingnews.com/2023/04/10/russias-sibur-exports-lpg-to-africa-middle-east-and-asia-as-eu-cuts-buying/
4. HD Hyundai Heavy Industries criticised for impeding Hanwha Group’s acquisition of DSME. Although Daewoo Shipbuilding & Marine Engineering (DSME) was sold off to Hanwha Group last year, approval from the Fair Trade Commission is being delayed due to opposition from a competitor which is not a foreign company but HD Hyundai Heavy Industries, a Korean company.After Hanwha Group reported the business combination to the Fair Trade Commission on December 19 2022, HD Hyundai Heavy Industries filed objections to the sale of DSME to Hanwha Group on four occasions — on December 29, 2022 and February 6, March 10 and March 24, 2023. https://cyprusshippingnews.com/2023/04/10/hd-hyundai-heavy-industries-criticised-for-impeding-hanwha-groups-acquisition-of-dsme/
5. UMAS says shipowners need to enhance energy efficiency by 55%-60% by 2030. Shipowners and maritime regulators should aim for significant improvement in energy efficiency and cut fuel consumption by 2030 to align with the Paris Agreement’s climate goal to limit global warming above 1.5 degrees Celsius above pre-industrial levels, maritime advisory service UMAS said April 5. https://cyprusshippingnews.com/2023/04/10/umas-says-shipowners-need-to-enhance-energy-efficiency-by-55-60-by-2030/
6. CMA CGM signs for $3bn worth of methanol and LNG powered boxships in China. French carrier CMA CGM has placed orders for 16 dual-fuel containerships at China State Shipbuilding Corporation (CSSC) in a record deal worth around $3.06bn.The world’s third-largest liner has booked a dozen methanol powered 15,000 teu units and a quartet of 23,000 teu LNG-fuelled ships in what is being called the biggest order for large boxships in the history of Chinese shipbuilding. https://splash247.com/cma-cgm-signs-for-3bn-worth-of-methanol-and-lng-powered-boxships-in-china/
7. Container charter market on a visible rising trend. After being fixed and failed in late March, the 2009-built, 4,253 teu Synergy Keelung has been fixed for a minimum 24-month period at $23,000 with Thailand’s Regional Container Lines (RCL), a rate brokers Braemar described today as “remarkably firm” given the fact that last panamax fixture managed to achieve a 12-month period only and the owner of the Synergy Keelung, Greece’s Euroseas, was able to achieve a 5% rate increase for a period twice as long. https://splash247.com/container-charter-market-on-a-visible-rising-trend/
8. Chinese Fishing Crews Navigate Troubled Waters As Tensions With Taiwan Flare. As China sends warships and fighter jets to the Taiwan Strait after a U.S. visit by Taiwan President Tsai Ing-wen, deemed a separatist by Beijing, fishing crews plying the narrow waterway say they fret more about their livelihood than politics. For years, Chinese fishermen trawling for fish, shrimp and crab have played cat and mouse with Taiwanese authorities as they closely track boats that near the median line of the Taiwan Strait. https://gcaptain.com/chinese-fishing-crews-navigate-troubled-waters-as-tensions-with-taiwan-flare/
9. U.S. Navy Sends Guided-Missile Submarine To Middle East. The U.S. Navy said on Saturday a nuclear-powered guided-missile submarine was operating in the Middle East in support of the Bahrain-based U.S. Fifth Fleet. The USS Florida entered the region on Thursday and began transiting the Suez Canal on Friday, Commander Timothy Hawkins said in a statement. https://gcaptain.com/u-s-navy-confirms-iranian-drone-struck-tanker-in-middle-east/
10. Capt. Anil Choudhary Bestowed with Sagar Samman Award for Gallantry. Captain Anil Choudhary Bestowed with Sagar Samman Award for Gallantry, In recognition of an Exceptional Act of Outstanding Bravery On 7th November 2022 at 1450 LT, MRCC Singapore released a distress signal to look out for a boat LADY R3 3 with 303 people on board in position at the South China Sea. The captain of the cargo ship Helios Leader (Japan flag) immediately responded to the message and proceeded to assist and informed the concerned. https://www.shippingtribune.com/news/shipping/+Capt.+Anil+Choudhary+Bestowed+with+Sagar+Samman+Award+for+Gallantry++++
InterManager Daily News 11.04.2023.
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