InterManager Daily News 02.05.2023.

1. Evergreen lines up multi-billion dollar boxship orders. Huge containership orders show no signs of easing, despite the recent slide in earnings for global liners. According to Maersk Broker, Taiwan’s Evergreen has released a tender for twenty-four 16,000 teu methanol dual fuel ships, spending some of the billions it has earned over the past couple of years.
2. Law firm Ince earns a reprieve UK law firm Ince & Co has won a reprieve. The famous brand in maritime law became insolvent last month after losing the support of a major creditor, but has now been taken over by another British law outfit, Axiom DWFM, which has decided to keep the Ince name and to run it as a standalone business.
3. Seized tanker remains in Iranian waters The Advantage Sweet, a suezmax with 24 Indian crew operated by Turkey’s Advantage Tankers, remains at an Iranian anchorage, having been seized by Iranian military forces on Thursday. In the ensuing days since the ship – owned by SPDB Financial Leasing of China – was taken in international waters, it has emerged that Iran acted in retaliation for a Greek-managed tanker being taken by US authorities eight days ago for carrying Iranian oil, which are hit by sanctions.
4. George Procopiou orders 10 LR2 tankers in China George Procopiou’s Dynacom Tankers Management has placed a massive order in China, managing to seal some highly prized 2025 delivery slots. According to Clarksons Research, Dynacom has signed for ten 115,000 dwt scrubber-fitted LR2s at Shanhaiguan Shipbuilding, due for delivery from the second half of 2025, going into 2026.
5. Bunker Holding boosts funding framework with record $1.1bn deal The new bank syndicate reflects Bunker Holding’s global reach with the addition of large international banks, the company said, adding that the higher credit facility allows it to extend clients’ “much needed credit lines as liquidity in bunkering is pivotal, especially as the transition to alternative fuels continue to drive up prices”.
6. US Backs Philippines After Latest Dispute Over Chinese Ships The US accused China of harassing Philippine ships and reaffirmed its defense commitment to the Philippines ahead of a visit to Washington by President Ferdinand Marcos Jr. The United States stands with the Philippines,” State Department spokesman Matthew Miller said in a statement, citing video from media reports of an incident in which two Chinese coast guard vessels blocked Philippine patrol boats in the vicinity of Ayungin shoal on April 23.
7. Spain Finds No Proof of Sanctions-Violating Russian Diesel Repsol SA, the nation’s top oil refiner, complained on Thursday several tankers recently brought in fuel to the country via north Africa and Turkey. Such shipments were outlawed in early February as part of European Union measures to punish Russia for the invasion of Ukraine.
8. U.S. Navy Ship In Sudan To Help Evacuate Americans The United States has sent a Navy ship to Sudan to help evacuate American citizens who have been stranded in the country since fighting broke out earlier this month, two U.S. officials told Reuters. The officials, speaking on the condition of anonymity, said the USNS Brunswick, a fast-transport vessel, was in Port Sudan temporarily. One of the officials said hundreds of citizens are likely to be evacuated on the vessel.
9. Asia’s Q1 piracy incidents up 9% on year: ReCAAP Sea robbery and piracy related incidents in Asia rose 9% year on year to 25 in the first quarter of 2023 due to more of such attacks in the Straits of Malacca and Singapore, an international watchdog monitoring the trend said late April 27.More than 75% of these incidents took place in the Singapore Straits, according to ReCAAP, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia. Its share was 65% and 60% in the whole of 2022 and 2021, the data showed.
10. India rides the green wave as EU, US buy its clean ships Like carrying coals to Newcastle, India has started supplying ‘green ships’ to traditional shipbuilding nations Norway, Germany and the US, boosting its ambition to become a global shipping hub. The move comes amid an international environmental focus on the shipping industry. While ships are responsible for ferrying the overwhelming majority of goods around the world, they are also responsible for emitting substantial amounts of greenhouse gases.


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