InterManager Daily News 11.07.2023.

1. Monjasa expands supply logistics into the Port of Singapore. Global top 10 marine fuels supplier, Monjasa, announces further expansion in Asia by commencing the company’s first supply operations in the Port of Singapore. Monjasa is already a well-established trading partner to the Asian shipping community with three offices located in Singapore, Shanghai and Ho Chi Minh City and supplying 1m tonnes of marine fuels across the Asian region yearly.
2. DNV gains accreditation for railway conformity assessment in Europe. Leading global assurance and risk management provider DNV has obtained ENAC accreditation for its rail conformity assessment body, allowing it to deliver Notified Body (NoBo), Designated Body (DeBo) Spain, Risk Assessment Body (AsBo) and Independent Safety Assessor (ISA) services. ENAC, the Spanish National Accreditation Body, evaluates the performance of conformity assessment bodies which contribute to people’s safety and welfare, the quality of products, environmental protection and the increased competitiveness of Spanish products and services.
3. Solstad sale of PSV fleet to Tidewater successfully completed. Reference is made to the announcement 7 March 2023 on the sale of the Solstad PSV fleet to Tidewater for the price of approximately $580 million. The transaction was completed today with all 37 vessels being delivered to Tidewater. This will reduce Solstads interest bearing debt with approximately NOK 6 billion.
4. PSA becomes new shareholder of Duisburg Gateway Terminal. PSA International, headquartered in Singapore, has signed agreements to acquire a 22 percent minority stake in Duisburg Gateway Terminal GmbH (DGT). The transaction is subject to the approval of Germany’s competition and supervisory authorities. Upon completion of transaction, PSA will join Hupac, HTS and duisport as shareholders of DGT.
5. THE Alliance announces Transpacific West Coast change. In consideration of the present market situation, THE Alliance will make changes to the Asia to Transpacific-West Coast Network by temporarily suspending the PS5 service and enhancing the existing PS3, PS6, and PS7 service as of August and until further notice.
6. ‘Vague and non-committal’: MEPC green targets text comes in for fierce criticism The International Maritime Organization (IMO) has agreed on a revised strategy to decarbonise the global shipping industry. The agreement will be formally adopted today but no further changes are expected by delegates. The loose wording in the near finalised document doing the rounds at IMO headquarters will disappoint many Western nations and environmentalists who had been pushing for more firm commitments from this week’s 80th gathering of the Marine Environment Protection Committee (MEPC).
7. Breakthrough in Copenhagen with MAN’s trials of ammonia-powered engine. Significant news out of Copenhagen this week on shipping’s path to decarbonisation where MAN Energy Solutions (MAN ES) has successfully trialled an ammonia-powered two-stroke engine. Further tests will be carried out this year with a view to selling the first engines in 2024, and offering retrofit options from 2025.
8. COSCO and PetroChina back at Hudong-Zhonghua for more LNG carriers COSCO Shipping and PetroChina are returning to CSSC-affiliated Hudong-Zhonghua Shipbuilding for two additional 174,000 cu m liquefied natural gas (LNG) carrier newbuilds.The ships will be built for joint venture firm United Liquefied Gas Shipping and delivered in 2025 and 2026.The carriers, that will serve the trade needs of PetroChina and its subsidiaries, come with a price tag of $245m each, according to Maersk Broker.
9. Mexican Pemex Estimates Platform Fire Shut In 700,000 Barrels Of Oil. Mexican oil company Pemex estimates that a deadly fire on a majoroffshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company, Octavio Romero, said on Saturday. The fire started early Friday on the Nohoch-A link platform of the company’s Cantarell Field and later moved to a compression complex, killing two people. The fire has since been controlled, the company said.
10. Revised GHG reduction strategy for global shipping adopted. International Maritime Organization (IMO) adopts revised strategy to reduce greenhouse gas emissions from international shipping.Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships, with enhanced targets to tackle harmful emissions.


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