InterManager Daily News 14.04.2023.

1. Καλή Ανάσταση και Καλό Πάσχα – Happy and Peaceful Greek Orthodox Easter. Το Φως της Ανάστασης να φωτίζει τις ζωές όλων σας και να σας χαρίζει υγεία, οικογενειακή ευτυχία και επαγγελματική άνοδο. Καλή Ανάσταση και καλό Πάσχα. Greek Orthodox Easter brings along the beautiful spring season…. Full of happiness, colors and positivity….. marking a new beginning… Wishing you and your loved ones a blessed Happy Greek Orthodox Easter. https://cyprusshippingnews.com/2023/04/12/%ce%ba%ce%b1%ce%bb%ce%ae-%ce%b1%ce%bd%ce%ac%cf%83%cf%84%ce%b1%cf%83%ce%b7-%ce%ba%ce%b1%ce%b9-%ce%ba%ce%b1%ce%bb%cf%8c-%cf%80%ce%ac%cf%83%cf%87%ce%b1-happy-and-peaceful-greek-orthodox-easter/
2. Leading maritime sustainability specialists Grow Sustainability Consulting welcome EU’s Fit for 55 initiative to ensure shipping meets decarbonisation targets. Leading maritime sustainability specialist Grow Sustainability Consulting has welcomed the new EU ‘Fit for 55’ initiative which has been developed to ensure shipping meets the industry’s decarbonisation targets.The company praised the move by the European Commission to put forward a package of legislative proposals to revise and update EU legislations to align with the 2030 goal of bringing down EU emissions by at least 55% by 2030. https://cyprusshippingnews.com/2023/04/12/leading-maritime-sustainability-specialists-grow-sustainability-consulting-welcome-eus-fit-for-55-initiative-to-ensure-shipping-meets-decarbonisation-targets/
3. Tanker Freight Market – Changing trade flows in Q1 2023. The European Union embargo on Russian petroleum products took effect on 5 February and is based on the $60 oil price cap introduced on 5 December by the major G7 (Group of Seven) countries. In the first quarter of 2023, China, India and Turkey, in particular, increased their purchases to partially offset the decline in Russian crude oil exports to Europe. Interestingly, Russian oil continues to enter Europe through the key Druzhba pipeline and via tankers across the Black Sea to Bulgaria, which are exempt from the EU embargo. https://cyprusshippingnews.com/2023/04/12/tanker-freight-market-changing-trade-flows-in-q1-2023/
4. Requirements for revalidation of certificates are changing in 2024. From the beginning of 2024, The Nautical Institute will require that all Dynamic Positioning Operators (DPO) and Dynamic Positioning Vessel Maintainers (DPVM) show evidence of Continuing Professional Development as well as experience in order to renew their certificate.This means that all DPOs and DPVMs will be required to demonstrate a yearly undertaking of an NI-approved CPD programme AND pass the NI revalidation online exam or take the NI DP Refresher and Competency Assessment Course. https://cyprusshippingnews.com/2023/04/12/requirements-for-revalidation-of-certificates-are-changing-in-2024/
5. Hurtigruten and the OSM Foundation are partners towards community empowerment. 300 indigent children from a far-flung mountain region in the Philippines received school bags and school supplies from Hurtigruten Foundation through OSM Foundation’s Initiatives for Social Development (ISD) Program. The Program aims to support the least-assisted children and schools to have access to quality education equipped with sufficient school items. https://cyprusshippingnews.com/2023/04/12/hurtigruten-and-the-osm-foundation-are-partners-towards-community-empowerment/
6. Ince poised to enter administration. UK maritime law firm Ince is set to enter administration after losing the support of a major creditor. The financially troubled London-listed firm, whose shares have been suspended since the start of this year, has been looking to secure backing from its major lender and other creditors, including HMRC. https://splash247.com/ince-poised-to-enter-administration/
7. Chinese steel demand proving elusive this year. Owners already alarmed by the underwhelming state of the capesize markets in recent months must now brace for a disappointing steel season out of the sector’s most important nation, China. “Chinese steel prices have been under pressure recently, which appears to be impacting momentum in the capesize market,” analysts at Jefferies suggested in a note to clients yesterday. Falling steel prices have been a “headwind” for cape rates, Jefferies maintained. https://splash247.com/chinese-steel-demand-proving-elusive-this-year/
8. Container Owner Triton to Go Private in $4.7 Billion Buyout. Brookfield Infrastructure Partners LP agreed to buy Triton International Ltd., the world’s largest owner of intermodal shipping containers, for $4.7 billion to expand in transportation logistics supporting the global supply chain. Toronto-based Brookfield will pay $85 a share, including $68.50 in cash, the companies said early Wednesday, which is a 35% premium to Triton’s closing price Tuesday. The acquisition, which needs the approval of Triton shareholders and regulators, is expected to be completed in the fourth quarter. https://gcaptain.com/container-owner-triton-to-go-private-in-4-7-billion-buyout/
9. Can Space Agencies Boost Autonomous Shipping? As the global community strives to achieve the United Nations’ Sustainable Development Goals (SDGs) by 2030, sustainable shipping emerges as a critical area of focus. To support the industry’s transition towards a sustainable future, the European Space Agency (ESA) is leveraging satellite navigation, telecommunications (including satellite 5G), and Earth observation data through its Blue Worlds Task Force to support maritime technology including autonomous shipping. https://gcaptain.com/can-space-agencies-boost-autonomous-shipping/
10. Iran to build new port on coast of Persian Gulf. he director of the Ports and Maritime Organization of western Hormozgan Province said here on Tuesday that Iran plans to construct a new port on the coast of the Persian Gulf in Bandar-e Lengeh County. Mojtaba Salari made the remarks in his press conference, saying that the initial location of this new port in Bandar Lengeh County is 35 kilometers west of the current port in Bandar-e Lengeh and on a land of 700 hectares. https://www.shippingtribune.com/news/shipping/Iran+to+build+new+port+on+coast+of+Persian+Gulf