InterManager Daily News 23.06.2023.

1. Idwal introduces Groundbreaking Vessel level ESG Report. Idwal, a leading provider of maritime intelligence and inspection services, announces the launch of its pioneering vessel-level Environmental, Social, and Governance report. This groundbreaking report offers visibility into the ESG performance of an individual asset, including how corporate principles translate into on-board understanding and adherence, establishing a new industry standard for assessing and monitoring ESG strategies at a granular level. https://cyprusshippingnews.com/2023/06/21/idwal-introduces-groundbreaking-vessel-level-esg-report/
2. AD Ports Group signs a 30 year extendable concession agreement to manage and operate a Multipurpose Terminal in Congo’s Pointe Noire Port. Agreement grants the Group the exclusive right to invest, develop, manage and operate the new port. The Agreement will stimulate trade and enhance connectivity for the Republic of the Congo. The Concession is part of AD Ports Group’s strategy to expand its ports portfolio in key regions that have significant trade flows with the UAE. https://cyprusshippingnews.com/2023/06/21/ad-ports-group-signs-a-30-year-extendable-concession-agreement-to-manage-and-operate-a-multipurpose-terminal-in-congos-pointe-noire-port/
3. ABS Chairman President and CEO delivers Inspirational Commencement message to Webb Institute graduates. “We will need your leadership vision, not to mention every ounce of your ingenuity and sweat, if our industry is to meet both the challenges and opportunities we face today.” That was the message from Christopher J. Wiernicki, ABS Chairman, President and CEO to the graduating class of 2023 at the Webb Institute. He explained that Webb Institute alumni can expect to answer the call to leadership during their careers because of their education and training. https://cyprusshippingnews.com/2023/06/21/abs-chairman-president-and-ceo-delivers-inspirational-commencement-message-to-webb-institute-graduates/
4. New website to boost maritime economy bringing business to UK. ‘An information hub for maritime businesses, ship owners and operators‘ The UK Shipping Concierge has launched a website designed to support and encourage maritime businesses looking to work in or with the UK. Officially launching , the new UK Shipping Concierge website will act as an information hub for maritime businesses, ship owners and operators, ensuring they get the right help at the right time helping both them and the wider UK economy. https://cyprusshippingnews.com/2023/06/21/new-website-to-boost-maritime-economy-bringing-business-to-uk/
5. Exclusive satellite images of wrecked Pablo tanker cast dark light over shadow fleet. Fifty-one days since it exploded in Malaysian waters, killing three crew, the Pablo tanker remains alone, untended, with the authorities at a loss with what to do with the wreck, a sharp warning of the hugely damaging threat posed by the growth of the so-called dark fleet.https://splash247.com/exclusive-satellite-images-of-wrecked-pablo-tanker-cast-dark-light-over-shadow-fleet/
6. Maersk pioneers methanol dual-fuel retrofit. Underlining how it sees methanol as its key fuel for the 2020s, Maersk announced today another industry first that will see the Danish liner giant retrofit one of its ships to methanol dual-fuel. The Copenhagen-based shipping and logistics group has selected German engine maker MAN Energy Solutions for the first engine conversion set to take place in the middle of 2024. https://splash247.com/maersk-pioneers-methanol-dual-fuel-retrofit/
7. Norvic Shipping becomes a shipowner with LR2 acquisition. New York-headquartered Norvic Shipping has purchased the Pro Alliance, a 105,348 dwt aframax LR2 tanker, from SK Energy in South Korea. The acquisition of the vessel, which has been renamed Norvic Monia, sees Norvic owning its first ship outright, marking a strategic shift from an operator to owner-operator model. No price has been revealed for the LR2 acquisition. https://splash247.com/norvic-shipping-becomes-a-shipowner-with-lr2-acquisition/
8. Navigator teams with Bumi Armada for UK CO2 shipping venture. New York-listed handysize gas carrier owner and operator Navigator Holding has teamed up with Malaysian floater and vessel contractor Bumi Armada to establish a CO2 shipping and injection solutions joint venture company in the UK. Called the Bluestreak CO2 Joint Venture, the company will be equally owned by Navigator and Bumi Armada, and target emitters with no access to pipeline infrastructure, to effectively manage their CO2 emissions. https://splash247.com/navigator-teams-with-bumi-armada-for-uk-co2-shipping-venture/
9. OSG Tanker Tapped to Support Red Hill Bulk Fuel Storage Defueling Effort. U.S.-flag tanker company Overseas Shipholding Group, Inc. (OSG) has announced that the Military Sealift Command (MSC) has awarded it’s tanker Overseas Mykonos a time charter contract to assist with the removal of fuel from the Red Hill Bulk Fuel Storage Facility in Hawaii. The vessel will also provide ongoing fuel transportation services to MSC in support of national defense.https://gcaptain.com/osg-tanker-tapped-to-support-red-hill-bulk-fuel-storage-defueling-effort/
10. When not all freight rates have “normalised” The transpacific and Asia-Europe spot markets in container shipping have returned to December 2019, pre-pandemic levels, but other segments and contract markets have not. Transpac spot rates have declined by 80 to 84% in the year to the end of May 2023, as everybody knows. This was a correction from the recent super-inflationary trends seen during the Covid period – not a real rate collapse. The factors behind the recent crazy rates – shortages of capacity, strong demand and port congestion, have all gone – so the rates reverted to previous levels. https://www.shippingtribune.com/news/shipping/When+not+all+freight+rates+have+%E2%80%9Cnormalised%E2%80%9D