InterManager Daily News 13.06.2023.

1. Mitsui OSK Lines enters Strategic Investment Agreement with Delfin. “We are excited to enter into this strategic agreement with MOL, representing another industry leading partnership. Our low-cost, simplified floating liquefaction solution will be significantly enhanced by MOL’s extensive marine expertise, creating a world-class partnership with significant benefits for both Delfin and MOL,” said Dudley Poston, CEO of Delfin. “Proceeds from MOL’s investment will be used to accelerate making Final Investment Decisions on our first two FLNG vessels this year. MOL has long been a leading LNG infrastructure company while also investing in innovative solutions such as Floating Storage and Regasification Units (“FSRU”).”https://cyprusshippingnews.com/2023/06/12/mitsui-osk-lines-enters-strategic-investment-agreement-with-delfin/
2. KR awards Approval in Principle to HD Hyundai Heavy Industries’ Innovative Tank Shape Hi-ICON with Sloshing Restrained Technology. Korean Register has awarded an Approval in Principle to HD Hyundai Heavy Industries for a new type of tank shape designed for various liquefied gases and fuels. The announcement was made during Nor-Shipping 2023 in Oslo, Norway on 8 June. The new tank shape, developed by HD HHI, is designed to improve safety and productivity.https://cyprusshippingnews.com/2023/06/12/kr-awards-approval-in-principle-to-hd-hyundai-heavy-industries-innovative-tank-shape-hi-icon-with-sloshing-restrained-technology/
3. Public voting opens for “Wind Ship the Future” youth poster design contest. Following an exceptional response to the “Wind Ship – the Future” poster design contest, with inspiring artwork submitted by budding young artists from more than 10 countries, the public voting portal has opened for industry stakeholders and the general public to choose their favourite windship poster designs across each age category. https://cyprusshippingnews.com/2023/06/12/public-voting-opens-for-wind-ship-the-future-youth-poster-design-contest/
4. BIMCO Shipping Number of The Week. “During the first five months of 2023, demand for Capesize ships increased 5% y/y while supply increased 3% y/y. Nonetheless, spot rate increases remain hesitant, largely due to concerns over China’s fragile economic recovery,” says Filipe Gouveia, Shipping Analyst at BIMCO.Demand growth was supported by a 4% increase in average haul while cargo volumes increased only marginally. Average haul increased due to higher exports from Brazil and Guinea and higher volumes of long-haul Russian coal. https://cyprusshippingnews.com/2023/06/12/bimco-shipping-number-of-the-week-4/
5. Eternal Bliss the final word on demurrage? The first instance court hearing was back in 2021 and so it’s worth reminding ourselves of the facts of the case, which concerned a voyage charter of 70,133MT of soybeans on Norgrain terms and loaded in Brazil for discharge in China. After the vessel arrived in China, she waited at the anchorage for 31 days due to congestion and lack of storage ashore. Upon discharge it was found that some of the cargo was damaged with mould and caking. https://cyprusshippingnews.com/2023/06/12/eternal-bliss-the-final-word-on-demurrage/
6. The IMO must take the bull by the horns. To supercharge the green shift, we need a clear zero-emissions target by 2050, a market-based levy on CO2 emissions and an improved set of efficiency measures, and as our industry’s global regulator the IMO is the body to do it – and fast. We no longer have the luxury of time, writes Norwegian Shipowners’ Association CEO Harald Solberg. https://cyprusshippingnews.com/2023/06/12/the-imo-must-take-the-bull-by-the-horns/
7. GC Rieber Shipping to distribute Shearwater stake to shareholders. GC Rieber said it plans to distribute one share in Shearwater for every 17.22 shares held in the company, rounded down to the nearest number of whole shares. “The residual after rounding down to the nearest number that can be divided by 17.22 will be compensated in cash to the affected shareholders according to the fair value of the shares in Shearwater on the day of the transfer,” the company said. https://splash247.com/gc-rieber-shipping-to-distribute-shearwater-stake-to-shareholders/
8. New partnership formed to produce green hydrogen offshore Spain and Portugal. French renewable hydrogen producer Lhyfe has joined forces with Spanish renewables utility Capital Energy to develop offshore renewable hydrogen projects in Spain and Portugal. Under the agreement, the two companies said will work together to create hydrogen production sites at some of the 7.5 GW offshore wind farm sites currently being developed by Capital Energy in both countries. https://splash247.com/new-partnership-formed-to-produce-green-hydrogen-offshore-spain-and-portugal/
9. Ukraine Warns of Toxic Black Sea ‘Garbage Dump’ From Dam Debris. Floodwaters have started to recede four days after the destruction of Ukraine’s Kakhovka Dam, laying bare environmental destruction as well as the risk of catastrophic health problems for the downstream population. Ecological damage alone from the collapse of the dam in its southern region will be more than 55 billion hryvnia ($1.5 billion), although the consequences have just started to unfold, Ukraine’s environment ministry said on Saturday. Ukraine’s border guard warned of a toxic “garbage dump” flowing into the Black Sea. https://gcaptain.com/ukraine-warns-of-toxic-black-sea-garbage-dump-from-dam-debris/
10. Massive Fire On Egypt Tourist Boat Leaves At Least Three People Missing. Three British tourists were missing and 12 had been rescued after a motor boat caught fire on Sunday off the Egyptian Red Sea coast, Egyptian officials and security sources said. The survivors were brought to safety in the nearby diving resort of Marsa Shagra, about 21km (13 miles) north of the town of Marsa Alam, along with 12 Egyptian crew and guides, according to a statement from the Red Sea State governor’s office and two security sources. https://gcaptain.com/massive-fire-on-egypt-tourist-boat-leaves-at-least-three-people-missing/