InterManager Daily News 30.06.2023.

1. Cyprus Shipping Chamber welcomes the Hong Kong Convention HKC entering into force and invites EU to include HKC compliant yards in the EU approved recycling facilities list. The Cyprus Shipping Chamber welcomes the ratification of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) by Bangladesh. The ratification of the Convention by Bangladesh, which is a principal ship recycling country, will help satisfy the Convention requirements for entry into force and will thus lead the way for global safe and sustainable ship recycling practices with positive effects on human health, safety and the environment. https://cyprusshippingnews.com/2023/06/28/cyprus-shipping-chamber-welcomes-the-hong-kong-convention-hkc-entering-into-force-and-invites-eu-to-include-hkc-compliant-yards-in-the-eu-approved-recycling-facilities-list/
2. 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.https://cyprusshippingnews.com/2023/06/28/controversy-swirls-over-shipping-stocks-that-sink-as-rates-rise/
3. Pirates attack, robbed crew off Gulf of Guinea. UNIDENTIFIED pirates have boarded a vessel ‘M TNyon’ attacked and robbed crew members during the most recent incident of piracy in West Africa. Yesterday’s incident, which reportedly left several crew members with minor injuries, came a day after the United Nations Security Council met to review security in the Gulf of Guinea and discuss the steps required to continue the overall decline in piracy reports from the region. https://cyprusshippingnews.com/2023/06/28/pirates-attack-robbed-crew-off-gulf-of-guinea/
4. LR issues new recommendations for design and operation of ammonia fuelled vessels. Safety risks of ammonia as a fuel can only be mitigated if effective technical and operational safeguards are implemented whilst addressing human factors considerations. A joint study into ammonia safety onboard ships undertaken by the Lloyd’s Register Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping , has found that a range of mitigation methods, from ship design to crew training and operations, are required to keep toxicity risks to crew within published tolerable limits. https://cyprusshippingnews.com/2023/06/28/new-recommendations-for-design-and-operation-of-ammonia-fuelled-vessels/
5. Top Glory Marine celebrates ten years in business of providing sustainable waste management services to the maritime industry. The steady increase of environmental awareness in our society is a huge step forward for the future of our planet, says waste management specialist Top Glory Marine as they celebrate 10 years in business this month. Managing Director Silke Fehr believes, shipping will succeed in its ambitions to become a greener industry, and that waste management will be reinvented as new technologies and processes evolve to ensure the transition to sustainability. https://cyprusshippingnews.com/2023/06/28/top-glory-marine-tgm-celebrates-ten-years-in-business-of-providing-sustainable-waste-management-services-to-the-maritime-industry/
6. Further expansion at Europe’s largest port. Rotterdam World Gateway (RWG) has reached agreement with its shareholders DP World, CMA CGM, HMM and Mitsui OSK Lines (MOL) and the Port of Rotterdam Authority about a phased expansion of the RWG terminal. In a first phase, an extra berth for the deepsea activities will be realized and, in addition to further capacity expansion, the focus will also be on future‐oriented facilities in which automation, sustainability and connectivity remain central. https://splash247.com/further-expansion-at-europes-largest-port/
7. NYK and Mitsubishi Shipbuilding showcase ammonia/LCO2 carrier. Mitsubishi Shipbuilding and Nippon Yusen Kaisha (NYK) have been granted approval in principle from ClassNK for a ship that can transport ammonia and liquefied carbon dioxide (LCO2). The planned carrier could transport ammonia to thermal power plants on an outbound route and then carry CO2 emitted from thermal power plants to storage sites on the return route. https://splash247.com/nyk-and-mitsubishi-shipbuilding-showcase-ammonia-lco2-carrier/
8. Singapore’s green ties. Grab a pencil and draw in the lines of all the proposed green shipping corridors around the globe, and readers will notice that the crossroads of world trade – Singapore – lies at the nexus of many of these new fuel routes. This green preemptive positioning is not by accident – the canny folk at the Maritime and Port Authority (MPA) of Singapore have ensured – absent of being able to produce the alternate fuels themselves on home soil – that Singapore, the world’s largest bunkering hub, will still be very much at the centre of shipping’s green transition with new fuel links acting as petri-dishes between the Lion Republic and the US, Europe and Australia among others. https://splash247.com/singapores-green-ties/
9. ‘Presumed Humane Remains’ Recovered from Titan Wreckage.The U.S. Coast Guard said it will transport debris from the wreckage of the Titan submersible to the U.S. as part of its Marine Board of Investigation into the accident.The news comes after word that some of the wreckage had been recovered from the sea floor and offloaded in St. John’s, Newfoundland, from the Horizon Maritime vessel Horizon Arctic. https://gcaptain.com/presumed-humane-remains-recovered-from-titan-wreckage/
10. Cool Company Exercises Purchase Options for Two Newbuild LNG Carriers with Delivery in 2024. Cool Company Limited (NYSE: CLCO) on Wednesday announced it has exercised purchase options for the acquisition of two newbuild LNG carriers scheduled to deliver next year. The company highlighted the vessels’ attractive delivery schedule and purchase price that is approximately 10% below current market value. https://gcaptain.com/cool-company-exercises-purchase-options-for-two-newbuild-lng-carriers-with-delivery-in-2024/