InterManager Daily News 21.06.2023.

1. IMO statement on the migrant shipwreck off Greek coast. International Maritime Organization Secretary-General Kitack Lim said: “I am profoundly saddened by the reports of the tragic loss of life off the coast of Greece, after a boat carrying hundreds of people reportedly capsized and sank. It is a sad fact that thousands of people undertake dangerous sea crossings in unsafe vessels putting their lives in the hands of unscrupulous operators – who have little regard for mandatory regulations such as the International Convention for the Safety of Life at Sea or the International Convention on Maritime Search and Rescue. https://cyprusshippingnews.com/2023/06/20/statement-on-the-migrant-shipwreck-off-greek-coast/
2. AP Moller Maersk increases cargo flight frequency and commits new freighter to global network. In an effort to strengthen connectivity and meet customers’ integrated logistics needs, A.P. Moller – Maersk is bolstering its growing freighter network between Mainland China, Southeast Asia, Europe, and the U.S. by increasing frequencies of regular flights as well as introducing additional aircraft. https://cyprusshippingnews.com/2023/06/20/ap-moller-maersk-increases-cargo-flight-frequency-and-commits-new-freighter-to-global-network/
3. U Ming cut the mustard to keep holding a constituent of the FTSE4Good TIP Taiwan ESG Index in 2023. FTSE Russell, the global index and data provider, announces the launch of the FTSE4Good TIP Taiwan ESG Index. The index has been developed in partnership with Taiwan Stock Exchange’s (“TWSE”) wholly-owned subsidiary, Taiwan Index Plus Corp. (“TIP”). FTSE Russell continues to see a growing demand, both in Asia and globally, for asset owners to integrate ESG considerations into their investment strategies. https://cyprusshippingnews.com/2023/06/20/u-ming-cut-the-mustard-to-keep-holding-a-constituent-of-the-ftse4good-tip-taiwan-esg-index-in-2023/
4. Valenciaport received recognition for the ‘Best innovation project in the renewable gas value chain at the Green Gas Mobility Summit 2023. Valenciaport has received a new international recognition in environmental matters for its commitment to the use of hydrogen in port activity and its firm commitment to decarbonisation. Specifically, the H2Ports project has received an award at the Green Gas Mobility Summit. This award-winning and internationally recognised initiative, which is already being developed in the Port of València, has as its main objective to test and validate hydrogen technologies on port machinery that allow for applicable and real solutions without affecting the performance and safety of port operations and producing zero local emissions.https://cyprusshippingnews.com/2023/06/20/valenciaport-a-pioneering-port-in-europe-in-the-use-of-hydrogen-awarded-at-the-green-gas-mobility-summit-2023/
5. International Labour Conference adopts new apprenticeship standard among other key decisions. The International Labour Conference closed with the adoption of a new recommendation on quality apprenticeships. Delegates also passed resolutions on a just transition and labour protection, as well as adopting the standards report and the programme and budget, and a resolution on BelarusDelegates attending the 111th International Labour Conference have adopted a new Recommendation on Quality Apprenticeships .https://cyprusshippingnews.com/2023/06/20/international-labour-conference-adopts-new-apprenticeship-standard-among-other-key-decisions/
6. Nigerian government discusses new tanker taxes The Nigerian government has provided details of its backdated tax demands for tanker owners who called at the nation between 2010 and 2019, a move that has spooked the tanker industry with many ships steering clear of the West African nation over fears of possible vessel arrests. https://splash247.com/nigerian-government-discusses-new-tanker-taxes/
7. Marine insurance is changing – ports must not leave themselves exposed. Maritime executives will have raised a weary eyebrow last week as it was confirmed in Splash that the El Nino weather phenomenon will return this year. The Climate Prediction Center at the National Oceanic and Atmospheric Administration in the US said there is as an 84% chance that this El Niño will be stronger than normal. El Niño is a weather pattern that builds in the Pacific Ocean that can impact weather conditions around the globe impacting shipping and port operations. https://splash247.com/marine-insurance-is-changing-ports-must-not-leave-themselves-exposed/
8. Last Oil Tanker Waiting to Load Kurdish Crude Sails Empty. A last tanker that had been waiting in the Mediterranean Sea for nearly three months to load Kurdish crude has sailed away without a cargo amid a payment dispute between Iraq and Turkey.The departure comes just as officials of the two countries were set to meet Monday to discuss reopening the almost 500,000 barrels-a-day link after it was shut in March. The volume is about half the amount of additional supply cuts being made by Saudi Arabia in July to help revive flagging oil prices. https://gcaptain.com/last-oil-tanker-waiting-to-load-kurdish-crude-sails-empty/
9. Ships, Planes Search for Missing Sub Near Titanic Wreckage. U.S. and Canadian ships and planes searched on Monday for a submarine that went missing more than a day earlier off the coast of southeastern Canada while taking tourists to explore the wreckage of the Titanic, officials said.The U.S. Coast Guard said there was one pilot and four passengers on board and that the vessel had the capacity to be submerged for 96 hours, but it was unclear whether it was still underwater or had surfaced and was unable to communicate. https://gcaptain.com/ships-planes-search-for-missing-sub-near-titanic-wreckage/
10. Baltic index falls on lower capesize rates. The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Monday, pressured by lower rates of the larger capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 11 points, or 1%, to 1,065. The capesize index was down 36 points, or about 2.4%, to 1,492 – its lowest in more than a week. https://www.shippingtribune.com/news/shipping/Baltic+index+falls+on+lower+capesize+rates