InterManager Daily News 05.07.2023.

1. IACS Council focuses on keeping safety at the heart of the decarbonisation debate, signs letter of intent with Singapore MPA and elects new Chair. The IACS Council met in Gdansk, Poland this week for its 87th session (C87) where decarbonisation was high on the agenda. Council welcomed the recent decision by IMO to adopt a new output to develop a framework for the safe decarbonisation of shipping, the result of a two-year effort by IACS to ensure that critical safety concerns were not overlooked in the collective drive to lower carbon emissions as far and as quickly as possible. https://cyprusshippingnews.com/2023/07/03/iacs-council-focuses-on-keeping-safety-at-the-heart-of-the-decarbonisation-debate-signs-letter-of-intent-with-singapore-mpa-and-elects-new-chair/
2. INTERCARGO statement: IMO’s mid-term decarbonisation measures should be simple and effective. As the industry gears up for next week’s much anticipated MEPC 80 (Marine Environment Protect Committee) meeting, INTERCARGO Secretary General Kostas Gkonis has reiterated the importance that mid-term measures to help the IMO’s decarbonisation ambitions should be both simple and effective, so as to be efficiently implemented by ships worldwide.https://cyprusshippingnews.com/2023/07/03/intercargo-statement-imos-mid-term-decarbonisation-measures-should-be-simple-and-effective/
3. Singapore fuel oil stocks rebound as weekly net imports average higher in June. Residual fuel oil stocks rebounded at key trading hub Singapore, while weekly net imports averaged higher for June so far, official data showed on Wednesday.Onshore fuel oil stocks climbed 10% to 20.39 million barrels (3.21 million metric tons) in the week to June 27, after sliding to four-week lows last week, Enterprise Singapore data showed.
Weekly net imports, calculated by subtracting total exports from total imports, were stable week-on-week at about 738,000 tons. https://cyprusshippingnews.com/2023/07/03/singapore-fuel-oil-stocks-rebound-as-weekly-net-imports-average-higher-in-june/
4. Supply chains almost back to normal; uncertainties still remain for H2 2023. “Supply chains are almost back to normal in terms of activity, inventories and seasonality. Yet, there are plenty of uncertainties in both the government policy and physical risk heading into the second half of 2023 as firms start to implement long-term supply chain restructuring plans.”, says Chris Rogers, Head of Supply Chain Research at S&P Global Market Intelligence.https://cyprusshippingnews.com/2023/07/03/supply-chains-almost-back-to-normal-uncertainties-still-remain-for-h2-2023/
5. A shipping emissions showdown stands in the way of one of the biggest climate deals of the decade. In the face of a colossal and growing source of emissions, the U.N. shipping agency is looking to slash pollution from the world’s ocean-going vessels by adopting new climate targets.Observers of next week’s talks say the summit’s success depends on the pace of those reduction cuts, however.
Delegates of the International Maritime Organization, the U.N. agency responsible for preventing shipping pollution, are meeting in London this week for preliminary talks on how to implement a new greenhouse gas strategy. https://cyprusshippingnews.com/2023/07/03/a-shipping-emissions-showdown-stands-in-the-way-of-one-of-the-biggest-climate-deals-of-the-decade/
6. HD Hyundai wins construction deal for Mexican offshore FPU. South Korea’s HD Hyundai, formerly known as Hyundai Heavy Industries, has won a deal to build a floating production unit for an offshore project in Mexico.HD Hyundai said in a stock exchange filing that it won a deal to build an FPU for an undisclosed client in Mexico.According to the statement, the contract is worth around $1.2bn. The FPU will be built in HD Hyundai’s shipyard in the southeastern port of Ulsan and is scheduled to be delivered to the client in April 2027. https://splash247.com/hd-hyundai-wins-construction-deal-for-mexican-offshore-fpu/
7. Wood scores $250m contract extension in Brunei. UK consulting and engineering firm Wood has been awarded a contract extension worth around $250m by Brunei Shell Petroleum.The two-year extension will focus on the continued rejuvenation of BSP’s offshore energy asset portfolio to maximise production capacity and efficiency. https://splash247.com/wood-scores-250m-contract-extension-in-brunei/
8. British Columbia Dockworker Strike Enters Third Day. A strike by dockworkers in British Columbia, Canada continued into a third day on Monday, with impacts that could result in potential cost increases for businesses relying on the ports.Impacts are being felt mainly at the Port of Vancouver and Port of Prince Rupert. The strike could have a domino effect on the automobile, container, breakbulk, and project cargo business sectors. https://gcaptain.com/british-columbia-dockworker-strike-enters-third-day/
9. Maersk Unleashes Huge Asia-North Europe Rate Hike. Maersk is attempting to undo weeks of heavy discounting on the Asia-North Europe tradelane with a substantial increase in its FAK rates at the end of the month.And it warned that other routes “may also be subject to increases” as it reassess rate structures across its network.The rate announcement this morning will see Maersk’s FAK rates from Asian main ports to the three North European hubs of Rotterdam, Felixstowe and Gdansk increase on 31 July to $1,025 per 20ft and $1,900 per 40ft. https://gcaptain.com/maersk-unleashes-huge-asia-north-europe-rate-hike/
10. Adani Ports, Mundra anchors one of the longest vessel.
11. Mundra Port, the flagship port of Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group has achieved a significant accomplishment by berthing the 399 meters long and 54 meters wide vessel. The Adani Ports & Special Economic Zone (APSEZ) in Mundra, Gujarat touted as one of the busiest commercial ports in India, once again achieved a significant achievement by safely berthing one of the largest container ships. The MV MSC Hamburg, a container ship built in 2015, was recently anchored at the Adani Ports Mundra on 02nd July 2023. https://www.shippingtribune.com/news/shipping/Adani+Ports%2C+Mundra+anchors+one+of+the+longest+vessel