InterManager Daily News 20.04.2023.

1. Shipmanagement business model under pressure. Rajiv Singhal, who heads up MTM Ship Management, is not alone in saying he sees the business as a whole growing in no small part thanks to greater statutory and regulatory compliance coming into force. Kristofer Karlsen, business development manager at Norbulk Shipping, says the increasingly complex regulatory environment is especially felt among smaller-sized owners. https://splash247.com/shipmanagement-business-model-under-pressure/
2. The hidden emissions of the shipping industry. The shipping industry has long been regarded as a significant contributor to global greenhouse gas emissions. Although it is responsible for approximately 4% of these emissions, this figure is estimated and only accounts for direct emissions from fuel combustion in vessel propulsion. However, to truly understand the industry’s environmental impact and pave the way for a greener future, we must also consider the indirect emissions from the supply chain and the vessels’ lifecycle. https://splash247.com/the-hidden-emissions-of-the-shipping-industry/
3. US Defense Department challenged by sites selected for wind development off Atlantic coast. A map created by the US Defense Department that identifies areas off the country’s Atlantic coast earmarked by the Biden administration for wind-energy development and considered an issue for the armed forces has been made public. According to an article from Bloomberg, four of six potential wind lease areas designated by the Interior Department off the coasts of North Carolina, Virginia, Maryland and Delaware are seen as “highly problematic” for the navy and air force. The other two areas are said to require further study. https://splash247.com/us-defense-department-challenged-by-sites-selected-for-wind-development-off-atlantic-coast/
4. Cash-rich CMA CGM enters negotiations to buy Bolloré Logistics for $5.5bn. Two of France’s richest people Rodolphe Saadé and Vincent Bollore have entered negotiations that could see cash-rich liner CMA CGM take over the transport and logistics businesses of compatriot conglomerate Bolloré for an enterprise value of €5bn ($5.5bn). With record earnings in the last two years, the world’s third-largest carrier has been on a buying spree, picking up ships, ports and logistics companies such as Colis Privé and Gefco. https://splash247.com/cash-rich-cma-cgm-enters-negotiations-to-buy-bollore-logistics-for-5-5bn/
5. ITF Secures Over $1 Million for Abandoned Seafarers in Singapore and Australia. Thirteen Filipino seafarers have returned home after being stranded for over five months aboard the abandoned livestock carrier, the International Transport Workers’ Federation (ITF) announced Monday after working to secure their release. The repatriation marks the end of a months-long saga involving one shady owner and two of its detained vessels in Singapore and Australia. https://gcaptain.com/itf-secures-over-1-million-for-abandoned-seafarers-in-singapore-and-australia/
6. Ukraine Agrees with Poland on Grain Transit with Black Sea Deal Under Threat. Poland agreed on Tuesday to lift a ban on the transit of Ukrainian grain and food products, but Ukraine said a wartime deal allowing it to safely ship grain from Black Sea ports was still under threat.Failure to resume exports into eastern European countries or secure an extension of the Black Sea grain deal would trap large amounts of grain in Ukraine, hitting its exports and causing further economic problems for Kyiv as it battles Russian troops. https://gcaptain.com/ukraine-agrees-with-poland-on-grain-transit-with-black-sea-deal-under-threat/
7. NORDEN Turns to Carbon Insetting to Help Decarbonize Customers’ Supply Chains. Danish shipping company NORDEN has teamed up with 123Carbon to begin issuing carbon inset tokens to help customers decarbonize their supply chains. The tokens will be issued through 123Carbon’s new platform, enabling NORDEN to “tokenize” CO2-equivalent reductions made on biofuel voyages and allocate them to industry customers who are looking to reduce their maritime Scope 3 emissions. https://gcaptain.com/norden-turns-to-carbon-insetting-to-help-decarbonize-customers-supply-chains/
8. West Coast Ports Losing 1 Million TEUs Per Year to Eastward Import Shift. Over one million twenty-foot equivalent import containers per year have shifted away from U.S. West Coast ports, with Gulf Coast ports being the biggest beneficiary, according to a new report by Descartes Systems Group. Descartes analyzed the shift in U.S. import volumes since 2021 when West Coast container ports began experiencing historic congestion amid the pandemic-driven import surge. Now, growing uncertainty surrounding West Coast port labor negotiations is continuing to drive volumes east. https://gcaptain.com/west-coast-ports-have-lost-1-million-teus-to-eastward-import-shift/
9. CMA CGM to change terminal in Poland. CMA CGM has announced that it will be changing its port of call in Poland, effective from 15 May 2023.The French ocean carrier said it will be docking all its vessels in Gdansk at the Baltic Hub container terminal instead of previous terminals in the Port of Gdynia, while service to Szczecin will remain unchanged. https://www.shippingtribune.com/news/shipping/CMA+CGM+to+change+terminal+in+Poland
10. Baltic index down for third session as larger vessel rates dip. The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third consecutive session on Tuesday, weighed down by lower rates for the larger vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 44 points, or 3.1%, to 1,368. https://www.shippingtribune.com/news/shipping/Baltic+index+down+for+third+session+as+larger+vessel+rates+dip