InterManager Daily News 31.05.2023

1. Columbia Group opens up in Istanbul. The Columbia Group has underlined its commitment to the burgeoning Turkish maritime cluster by opening an office in Istanbul. CSM Turkey will be headed up by Capt Ozgur Gunes and overseen by Xanthos Kyriakou and Johann Meyer from the Italian and German offices respectively.
2. UW Limassol Maritime Leaders Forum Speakers – Konstantinos Stampedakis, ERMA FIRST ESK Engineering Solutions. The UW Group, a leading authority in the maritime services industry, is thrilled to announce the very first Limassol Maritime Leaders Forum, scheduled to take place on the 29th of June, at the Port of Limassol, Cruise Terminal. The event is under the auspices of the Shipping Deputy Minister and promises to be the premier gathering of industry professionals, thought leaders, and innovators from around the world.
3. Oil loadings from Russia’s western ports set to fall 6% in June/May according to Reuters calculations. Oil loadings from Russia’s western ports in June will fall by 6% on a daily basis from May, undermined by Russia’s voluntary oil production cuts and higher domestic refinery runs, market sources said and Reuters calculations showed.Russia’s flagship Urals grade and Kazakhstan’s KEBCO loadings from the Baltic Sea ports of Primorsk and Ust-Luga in June were set at 6.5 million tonnes, down from 7.5 million tonnes in the May schedule, the sources said.
4. Giant tankers full of American propane are making waves. Not all shipping sectors and shipping stocks are under pressure. Container shipping is mired in pessimism, crude and product tankers have disappointed, dry bulk is in the doldrums — but liquefied petroleum gas (LPG) shipping is bucking the bearish trend.High-capacity, long-haul specialized tankers that carry propane and butane are known as very large gas carriers (VLGCs). VLGC sentiment was grim heading into this year, with a large increase in vessel capacity expected to pressure rates. Bu the market has surprised to the upside.
5. Singapore is leading the way on taking carbon out of shipping. Last month, Asia was swept by record-breaking temperatures. Fueled by climate change, extreme weather events are becoming more frequent, intense and lethal.But even as much of Asia endured its hottest April ever, a visit to Singapore gave me hope for the fight to tackle climate change.
6. Ports commit to extend climate action program. Chief executives and leaders of 12 major ports in the World Port Climate Action Program (WPCAP) have agreed to extend their cooperation with a new focus on shore power, new fuels and green shipping corridors.The agreement reached at a meeting in Rotterdam on the occasion of the first five years of the program will see work continued toward faster adoption of shore power at ports, helping to reduce emissions of CO2 and pollutants while ships are at berth.
7. Seismic trio secures more work off Malaysia. A seismic consortium comprising PGS, TGS and SLB has secured pre-funding to expand multi-client 3D survey in the Sarawak Basin, offshore Malaysia.The 6,800 sq km survey will start in June 2023 and complete in August utilising PGS’ seismic vessel Ramform Sovereign. The campaign is the second phase of a multi-year contract awarded initially by Petronas in August 2020 to acquire and process up to 105,000 sq km of 3D data over a 5-year period in the Basin.
8. SMIT Team Arrives at Decaying FSO Safer in Red Sea. A SMIT salvage team has arrived on site of the decaying FSO Safer in the Red Sea where they will begin the operation to remove over one million barrels of oil from the vessel.SMIT Salvage, a subsidiary of Dutch maritime services company Boskalis, signed an agreement with the United Nations Development Programme (UNDP) in April for the operation.
9. Mercuria Enters Suez Canal Refueling as Egypt Opens Market. Mercuria Energy Group’s ship-fueling business Minerva Bunkering started deliveries in Egypt, becoming the first international service to enter the market after being awarded a license to do so earlier in May. Linking Europe with Asia, Egypt’s Suez Canal is one of the shipping world’s biggest choke-points. For trading houses like Mercuria, a foothold there provides a key operating point to sell fuel oil from its global network to some of the over 23,000 vessels that transit through the waterway.
10. Comparative analysis of candidate mid-term GHG measures. An Expert Workshop on a “comparative analysis of candidate mid-term GHG reduction measures” to further support IMO’s considerations of candidate measures to reduce greenhouse gas (GHG) emissions took place at IMO Headquarters in London on 25 and 26 May. It included technical and economic elements of the proposed candidate mid-term GHG measures and, in particular, their feasibility, their effectiveness to deliver the long-term levels of ambition of the 2023 IMO GHG Strategy and their potential impacts on Member States.


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