InterManager Daily News 03.08.2023.

1. AMS Advanced Management Solutions announces strategic investment from Real Consulting. AMS Advanced Management Solutions Ltd, announced a significant milestone in its growth trajectory through a strategic investment from Real Consulting. This collaboration will enhance AMS‘s capacity to effectively tackle complex enterprise challenges in a more comprehensive manner. Additionally, AMS will have the opportunity to leverage Real Consulting’s talented consultants and extensive industry expertise, ensuring an improved customer experience through the provision of scalable software solutions.
2. Korean Shipbuilders facing rise of Chinese Shipbuilders winning large containership orders. For the first time, Chinese shipbuilders have won large containership orders from global shipping giants. The Chinese government gave full support to the Chinese shipbuilder in landing this order. This helped China rise as the No. 1 shipbuilding powerhouse for large containerships in the world in the first half of this year.
3. Capesize rebound propels Baltic index to best week in over a month. The Baltic Exchange’s main sea freight index rose on Friday and logged its best week in five, helped mostly by a rebound in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, edged up 13 points to 1,110. It posted a weekly gain of 13.5%.The capesize index rose 29 points, or 1.6%, to 1,830. The index rose 27% this week, its best in five.
4. WORLD Container Index up 2.5% Last Week says Drewry. Drewry’s composite World Container Index increased by 2.5% to $1,575.62 per 40ft container this week. Our detailed assessment for Thursday, 27 July 2023The composite index has increased by 2.5% to $1,575.62 this week, and has dropped by 76.7% when compared with the same week last year.
5. Dry Bulkers firm relative to charter rates indicating positive market outlook according to Taylor Maritime Investments. Taylor Maritime Investments Limited, the specialist dry bulk shipping company,today announces that as at 30 June 2023 its unaudited NAV was $1.56 per Ordinary Share compared to$1.71 perOrdinary Share as at 31 March 2023. The Company is also pleased to declare aninterim dividend in respect of the period to 30 June 2023 of 2 cents per Ordinary Share. The NAV total return for the quarter was -7.6%.
6. New liner launches out of Dubai. A new name in liner shipping has just been launched looking to cash in on an area where container profits are still strong. Dubai-based CStar Line has hit the ground running with 16 announced liner services, calling at Asian and Turkish ports as well as the Russian ports of Vladivostok, Novorossiysk and Kaliningrad.
7. Tokyo and Paris port state control regimes tackle fire safety concerns. Tokyo and Paris port state control regimes covering almost 50 countries will introduce a three-month fire safety campaign from September 1. Fire safety plans and safety equipment will be checked. The campaign follows several high-profile fires recently, including the Pablo aframax that exploded and caught fire in the South China Sea in early May, as well as a spate of car carrier blazes.
8. Mexico’s Top Oil-Export Terminal Shut as Summer Demand Jumps. Petroleos Mexicanos shut down the country’s largest oil-exporting terminal because of a leak, adding to a string of major operational headaches for the state-owned company just as the summer driving season increases demand for crude.The FPSO Yúum K’ak’ Náab in the Gulf of Mexico was shut on Sunday because of a crude leak in one of its hose trains, according to a shipping report seen by Bloomberg. Last month, Pemex shut its Salina Cruz terminal after hoses loading a ship were blown off by strong winds, and a company gas platform had an explosion that killed two people.
9. Transocean Sees Increased Demand for High-Specification Floaters Amid Offshore Market Rebound. Offshore drilling contractor Transocean (NYSE: RIG) says it is seeing increased demand for its fleet of high-specification semi-submersible rigs and drillships, i.e. “floaters”, as the offshore drilling market continues to rebound. The rebound is reflected in Transocean’s stock price, which is up more than 90% year-to-date and up more than 120% compared to a year ago.
10. Increase in Traffic on National Waterways. Cargo Movement on National Waterways has recorded an overall percentage increase of 16% (approx.) during 2022-23 over the year 2021-22.The traffic between Varanasi in Uttar Pradesh to Haldia (NW-1) increased from 10.93 million ton in 2021-22 to 13.17 million ton in 2022-23 recording an increase of20.52%.Inland Waterways Authority of India (IWAI) is implementing Jal Marg Vikas
Project (JMVP) for capacity augmentation of National Waterway-1 (NW-1) between Haldia – Varanasi (1390 km) at an estimated cost of Rs. 4633.81 Cr. The objective of JMVP is to enhance transport efficiency and reliability of NW-1.


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