InterManager Daily News 17.07.2023.

1. Transworld Group and Fleet Management announce new ship management joint venture. Leading maritime companies Transworld Group and Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. This will provide dedicated technical management services to Transworld Group’s diversified fleet which includes container vessels, bulk carriers, and tankers, besides Transworld associated and affiliated vessels. The new venture would thus also support and provide value-added ship management services to many other shipowners in the region. https://cyprusshippingnews.com/2023/07/14/transworld-group-and-fleet-management-announce-new-ship-management-joint-venture/
2. Historic climate agreement for shipping in place. The countries of the United Nations’ International Maritime Organization (IMO) have reached a climate agreement that sets a clear goal of climate neutrality for global shipping by 2050 and establishes a series of milestones along the way. Danish Shipping has worked towards an ambitious agreement and is very satisfied with the outcome. https://cyprusshippingnews.com/2023/07/14/historic-climate-agreement-for-shipping-in-place-2/
3. Cheniere shunning Panama Canal for longer LNG routes to Asia. Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal. The Panama Canal historically has been used by U.S Gulf Coast LNG exporters to send LNG to Asian customers via the Pacific Ocean. But a months-long drought has led to delays and depth restrictions for the largest ships accessing the canal. https://cyprusshippingnews.com/2023/07/14/cheniere-shunning-panama-canal-for-longer-lng-routes-to-asia/
4. How low-sulphur shipping rules are affecting global warming. The International Maritime Organization (IMO) rules have had some success in improving public health. Global emissions of sulphur dioxide (SO2) – a health-damaging air pollutant – have dropped by about 10% as a result.But the shift to low-sulphur shipping fuel has had an additional consequence. Sulphur particles contained in ships’ exhaust fumes have been counteracting some of the warming coming from greenhouse gases. But lowering the sulphur content of marine fuel has weakened the masking effect, effectively giving a boost to warming. https://cyprusshippingnews.com/2023/07/14/how-low-sulphur-shipping-rules-are-affecting-global-warming/
5. Asia’s benchmark HSFO cash differential surges to highest in over 10 months. The benchmark Singapore 380 CST high sulfur fuel oil cash differential over the grade’s swap values soared to its highest premium in more than 10 months, buoyed by persistently firmer buying interests for late July-loading cargoes, but some trade sources said the current strength may not be sustainable as supplies were expected to increase in coming weeks.https://cyprusshippingnews.com/2023/07/14/asias-benchmark-hsfo-cash-differential-surges-to-highest-in-over-10-months/
6. Prompt delivery slots disappear. Prompt newbuild delivery slots are becoming rarer than on the record comments from Gianluigi Aponte, the founder of Mediterranean Shipping Co (MSC), the company with more tonnage on order than anyone else. Latest data from brokers BRS shows owners have next to no chance of getting a ship delivered next year, barring concluding resale deals, while global yards are 87.3% full for 2025 and 80% covered for 2026, enjoying their longest backlogs since 2010. https://splash247.com/prompt-delivery-slots-disappear/
7. Canada port strike ends. Quay cranes whirred back into action at ports across British Columbia late yesterday afternoon as a tentative deal between unions and employers was reached to end a 13-day strike. The four-year deal, hammered out with help from federal mediators, is subject to ratification by both sides. https://splash247.com/canada-port-strike-ends/
8. World Has Hottest June On Record As Ocean Temperatures Soar. The world just had its hottest June ever for land and sea, with ocean temperatures setting new highs for the third month in a row. Combined ground and ocean temperatures across the Earth were 1.89F degrees (1.05C) above the 20th-century average of 59.9F, making this the warmest June in data going back 174 years, the US National Centers for Environmental Information said in a statement. It’s “virtually certain” that this year will rank among the 10 warmest on record, the agency said. https://gcaptain.com/world-has-hottest-june-on-record-as-ocean-temperatures-soar/
9. U.S. Probing Exxon Contractor In Guyana For Smuggling Drugs, Gold. The world just had its hottest June ever for land and sea, with ocean temperatures setting new highs for the third month in a row. Combined ground and ocean temperatures across the Earth were 1.89F degrees (1.05C) above the 20th-century average of 59.9F, making this the warmest June in data going back 174 years, the US National Centers for Environmental Information said in a statement. It’s “virtually certain” that this year will rank among the 10 warmest on record, the agency said. https://gcaptain.com/world-has-hottest-june-on-record-as-ocean-temperatures-soar/
10. First LNG-Powered Containership Reaches Saudi East Coast. King Abdulaziz Port created history by welcoming CMA CGM SYMI, making the Dammam-based hub the first on the Kingdom’s East Coast to receive a Liquefied Natural Gas (LNG)-powered container vessel. Boasting a capacity of 15,400 TEUs and spanning a length of 366 meters, a width of 51 meters, and a draught of 16 meters, CMA CGM SYMI has been running on clean energy since entering service in 2022, reflecting the maritime industry’s growing intent to go carbon-neutral across its operations. https://www.shippingtribune.com/news/shipping/First+LNG-Powered+Containership+Reaches+Saudi+East+Coast