InterManager Daily News 29.06.2023.

1. All Aboard Alliance report reveals maritime industry’s strong commitment to improve diversity, equity, and inclusion. The first-ever All Aboard Alliance Insights report unveils progress and challenges among 27 member companies in their efforts to live up to five All Aboard principles for embracing diversity, equity, and inclusion at sea and onshore. Journalists are invited to attend a webinar discussing the results. https://cyprusshippingnews.com/2023/06/28/all-aboard-alliance-report-reveals-maritime-industrys-strong-commitment-to-improve-diversity-equity-and-inclusion/
2. Revision of shipping GHG strategy working group meets ahead of MEPC 80. Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 15) has begun five-day meeting, working on revision of IMO GHG strategy, ahead of the MEPC 80 meeting (3-7 July). “Be ambitious and bold,” said Secretary-General Lim. Speech here: https://www.imo.org/en/MediaCentre/SecretaryGeneral/Pages/Intersessional-Working-Group-on-Reduction-of-GHG-Emissions-from-Ships-(ISWG-GHG-15)-.aspx https://cyprusshippingnews.com/2023/06/28/revision-of-shipping-ghg-strategy-working-group-meets-ahead-of-mepc-80/
3. Shipping emissions tax still stuck in port. Efforts by France to build a consensus for a global carbon tax on the shipping industry failed to produce significant results at a summit in Paris on Friday.French President Emmanuel Macron put the item on the agenda of the two-day Summit for a New Global Financing Pact which brought together around 40 heads of state and government.The shipping industry transports around 90 percent of traded goods worldwide and accounts for around three percent of global carbon emissions. https://cyprusshippingnews.com/2023/06/28/shipping-emissions-tax-still-stuck-in-port/
4. DNV, Damen and NAPA use 3D model-based approval to streamline ship design approval. Damen, DNV and NAPA are taking a major step forward in ship design processes by using the new Open Class 3D Exchange (OCX) standard to streamline classification involvement in the early phase of a project.With increasing pressure to deliver vessel designs quickly, the early engagement of classification societies can increase designer and owner confidence in the concept design and ensure a smooth project execution. Responding to market expectations, Damen Engineering decided to involve DNV classification experts in the first review of its new design of a Commissioning Service Operation “Walk to Work” Vessel (CSOV 9020). https://cyprusshippingnews.com/2023/06/28/dnv-damen-and-napa-use-3d-model-based-approval-to-streamline-ship-design-approval/
5. Controversy swirls over shipping stocks that sink as rates rise. If the stock market undervalues an industry like shipping for too long, fewer large companies do IPOs and more large-cap companies that are already public go private. On the other end of the size spectrum, some microcap companies effectively disregard their stock price, raising cash by repeatedly selling discounted shares and warrants even when they’re not in distress. These simultaneous trends for shipping on Wall Street — one hitting the top tier and the other hitting the bottom — were highlighted at the Marine Money Week conference in Manhattan. https://cyprusshippingnews.com/2023/06/28/controversy-swirls-over-shipping-stocks-that-sink-as-rates-rise/
6. Ukraine readies to shift more grain via the Danube. Ukrainian officials will be keeping an eye on water levels along the Danube this summer as more grain exports look likely to be shifted along Europe’s longest river with Russia making shipments via the Black Sea near impossible. The head of the Ukraine Sea Ports Authority stated yesterday that the Danube will become the key outlet for Ukrainian exports as Russia blocks Black Sea shipments. https://splash247.com/ukraine-readies-to-shift-more-grain-via-the-danube/
7. Another 624,000 container newbuild slots booked. Multiple broking reports list France’s CMA CGM ordering ten 24,000 teu LNG dual-fuel boxships at Jiangsu Yangzijiang in China at a cost of $240m each, with delivery expected in 2026. Including its orderbook, CMA CGM’s total fleet is now larger than Maersk’s, second only to Mediterranean Shipping Co (MSC) in the global liner rankings tracked by Alphaliner. https://splash247.com/another-624000-container-newbuild-slots-booked/
8. Biden Administration Proposes Changes to Protect Taxpayers from Offshore Oil and Gas Decommissioning Costs. The Bureau of Ocean Energy Management (BOEM) has proposedchanges to federal financial assurance requirements for offshore oil and gas companies to protect taxpayers from the costs of decommissioning offshore oil wells and infrastructure that are no longer in use.The proposed changes will publish in the Federal Register later this week, kicking off a 60-day public comment period. https://gcaptain.com/biden-administration-proposes-changes-to-protect-taxpayers-from-offshore-oil-and-gas-decommissioning-costs/
9. Wärtsilä to Convert Stena Line Ferries to Methanol Fuel. Finnish technology group Wärtsilä has been contracted by Swedish ferry operator Stena Line to convert some of its vessels to operate on methanol fuel.The conversions will include the fuel supply system and engine modifications, as well as integrating new installations with existing systems.The supply package includes fuel tank instrumentation, valves, transfer pumps, low pressure pump skid, fuel valve trains, Methanol Fuel Pump Units, and automation of the system, engine conversions, and automation upgrade for the engine control room. https://gcaptain.com/wartsila-to-convert-stena-line-ferries-to-methanol-fuel/
10. Hong Kong ship recycling Convention set to enter into force. The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (the Hong Kong Convention) is set to enter into force within 24 months, after Bangladesh and Liberia became Contracting States to the Convention.The Hong Kong Convention is aimed at ensuring that ships, when being recycled after reaching the end of their operational lives, do not pose any unnecessary risks to human health, safety and to the environment. https://www.shippingtribune.com/news/shipping/Hong+Kong+ship+recycling+Convention+set+to+enter+into+force