InterManager Daily News 24.04.2023.

1. DNV launches real time emissions data verification solution for trusted collaboration across maritime value chain. DNV has launched Emissions Connect, an emissions data verification engine and data management platform, designed to help the maritime industry accurately assess and work with emissions data. The solution provides a trusted, verified source of emissions data that can be shared securely with all relevant stakeholders along the maritime value chain.https://cyprusshippingnews.com/2023/04/21/dnv-launches-real-time-emissions-data-verification-solution-for-trusted-collaboration-across-maritime-value-chain/
2. We don’t have time to reinvent the wheel – why we should use existing LCA tools in the maritime industry. A global lifecycle analysis methodology for calculating emissions from alternative fuels will be essential for the maritime industry in the coming decades. However, a methodology alone is not enough. Applying life cycle assessment (LCA) also requires modeling tools capable of executing our chosen methodology and datasets to support those tools. The marine industry is facing a choice: should we use existing LCA tools or create our own that will be specific to the maritime industry? We spoke to Harshil Desai, our LCA Analyst, to find out more.https://cyprusshippingnews.com/2023/04/21/we-dont-have-time-to-reinvent-the-wheel-why-we-should-use-existing-lca-tools-in-the-maritime-industry/
3. MOL Group’s 2nd LNG-fueled ferry, Sunflower Murasaki, enters service. MOL announced that the second of Japan’s first two LNG-fueled ferries, the Sunflower Murasaki, owned by MOL and operated by its group company Ferry Sunflower Co., Ltd., entered service on April 14. The vessel is a sister ship to the Sunflower Kurenai, which began operation in January, and will ply the Osaka-Beppu route between Sunflower Ferry Terminal (Osaka Prefecture) and Beppu International Tourist Port (Oita Prefecture) as a replacement for the existing vessel Sunflower Cobalt. https://cyprusshippingnews.com/2023/04/21/mol-groups-2nd-lng-fueled-ferry-sunflower-murasaki-enters-service/
4. First Vessel secured for Infinity Platform: Supramax Bulk Carrier committed to fractional ownership. A joint venture between Infinity Maritime and 5 Ocean Shipping Management, has taken delivery of M/V “Oak” in the first deal on the Infinity Maritime platform. The commitment is to digitise equity in the ship with a view to trading MetaUnits on Infinity’s secondary trading market. This represents a significant endorsement for the new platform, and the first time a vessel will have been digitised in this way. https://cyprusshippingnews.com/2023/04/21/first-vessel-secured-for-infinity-platform-supramax-bulk-carrier-committed-to-fractional-ownership/
5. Growing consensus worst is over for container shipping. There is a growing consensus that container shipping has bottomed out with many indicators on the way back up after nine months of decline.Splash reported eight days ago on how multiple analysts including from banks HSBC and Jefferies had called the bottom of the market. In the intervening days, charter rates have firmed further, enquiries for secondhand tonnage remain strong, while Drewry’s composite World Container Index (WCI) increased yesterday by 4% to $1,773.58 per feu – the first increase in 15 weeks. https://splash247.com/growing-consensus-worst-is-over-for-container-shipping/
6. Progress made in US west coast dockworker discussions. The International Longshore and Warehouse Union announced yesterday that it reached a tentative agreement with employers at the Pacific Maritime Association on certain key issues to continue working at US west coast ports including Los Angeles and Long Beach. Negotiations remain ongoing until an agreement is reached in what has been a lengthy, tense process after an earlier contract expired on July 1 last year. https://splash247.com/progress-made-in-us-west-coast-dockworker-discussions/
7. Why shipmanagers must lead the digitalisation debate. Speaking with Manish Singh, a long standing proponent for consolidation and change within the shipmanagement sector and now leading a boutique maritime investment and M&A advisory firm, he argues that greater digitalisation brings more transparency and data, thus unlocking greater insights to improve fleet performance, while also, importantly, giving owners greater confidence to outsource.https://splash247.com/why-shipmanagers-must-lead-the-digitalisation-debate/
8. Discovery Of WW2 Shipwreck Ends Australia’s ‘Tragic’ Maritime Chapter. Australia’s Defence Minister Richard Marles said on Saturday that the wreck of a Japanese merchant ship, sunk in World War Two with 864 Australian soldiers on board, had been found in the South China Sea, ending a tragic chapter of the country’s history.Marles said the SS Montevideo Maru, an unmarked prisoner of war transport vessel missing since being sunk off the Philippines’ coast in July 1942, had been discovered northwest of Luzon island. Australia’s Defence Minister Richard Marles said on Saturday that the wreck of a Japanese merchant ship, sunk in World War Two with 864 Australian soldiers on board, had been found in the South China Sea, ending a tragic chapter of the country’s history.Marles said the SS Montevideo Maru, an unmarked prisoner of war transport vessel missing since being sunk off the Philippines’ coast in July 1942, had been discovered northwest of Luzon island. https://gcaptain.com/discovery-of-ww2-shipwreck-ends-australias-tragic-maritime-chapter/
9. The Planet Keeps Breaking Records For Warming Waters. Earth broke grim new records for melting glaciers, rising sea levels and ocean heat last year, according to a new report from the World Meteorological Organization. The WMO’s annual State of the Global Climate report, which tracks climate indicators and impacts, cited a record high for ocean heat content in 2022. Some 58% of the ocean surface experienced at least one marine heat wave last year, the WMO said. Average global sea level also reached a record high in 2022; the WMO noted that the rate of average sea-level rise globally doubled between the decade spanning 1993 to 2002 and the decade ended in 2022. https://gcaptain.com/the-planet-keeps-breaking-records-for-warming-waters/
10. Baltic index logs best day in over 5 weeks on growing vessel demand.The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its biggest single-day gain since mid-March on Thursday, steered by higher shipping rates for all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 60 points, or 4.4%, to 1,432 — its biggest daily percentage rise since March 14. https://www.shippingtribune.com/news/shipping/Baltic+index+logs+best+day+in+over+5+weeks+on+growing+vessel+demand