InterManager Daily News 04.08.2023.

1. Revolutionising the shipping industry through the unleashing AI’s potential at every stage of the industry. The shipping industry stands on the threshold of a transformative revolution, harnessing the power of Artificial Intelligence (AI) to drive unparalleled advancements and possibilities. With AI permeating every stage of the shipping process, a new era of efficiency, sustainability, and cost-effectiveness is on the horizon.
2. Energia Renewables and Vårgrønn announce partnership to advance offshore wind projects in Ireland, with the potential to deliver up to 1.8 GW of new capacity by 2030. The partnership will initially focus on Ireland’s south and east coasts, where Energia Renewables have already completed extensive development work over the last 4 years at a North Celtic Sea site (with capacity of up to 900 MW) and a South Irish Sea site (with capacity of up to 900 MW). Across the sites, seabed surveys have been completed, almost 3 years of aerial data on birds and mammals has been collected, and detailed preparations for the environmental impact assessments have commenced. Engagement programmes with local fisheries and communities are also in place.
3. Carrier reliance on leased container fleet to support higher per diems and cash returns. Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and owners dispose of more equipment. In 2023, Drewry anticipates global container handling activity to increase by just 1% to 870.7 mteu. While inflation remains stubbornly high in several economies, it is generally in decline and personal consumption and corporate investment in many countries are envisaged to increase through 2H23.Nonetheless, there are still too many containers in the global pool than needed to support existing and short-term trading prospects and vessel slot operating capacity.
4. Ukraine and Croatia agree on use of Croatian ports for grain exports. Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube and the Adriatic Sea for the export of Ukrainian grain, Foreign Minister Dmytro Kuleba said after talks with his Croatian counterpart on Monday. Russia quit the U.N.-brokered Black Sea grain deal this month, depriving Ukraine, a global producer, of a vital conduit to safely export its agricultural products during the war.
5. Baltic index rises, logs second straight monthly gain. The Baltic Exchange’s main sea freight index gained on Monday, posting its second straight monthly gain, supported by an uptick in rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 17 points, or 1.5%, to 1,127. The index was up 3.3% for the month.
6. Fire-damaged Fremantle Highway going to Eemshaven port. The Dutch authorities have chosen Eemshaven port as the final destination for the fire-damaged car carrier Fremantle Highway. After consultation with all parties involved, Minister Markus Harbers of the Dutch Ministry of Infrastructure and Water Management decided that the car carrier would be towed to Eemshaven. The ship is currently 16 kilometres from Schiermonnikoog and Ameland.
7. Vega Reederei orders 10 eco coasters in China. Germany’s Vega Reederei is expanding its fleet with 10 diesel-electric coaster newbuilds in China.The 3,800 dwt vessels designed by Dutch Conoship will be built by a company of the Sinomach Group for delivery as early as August 2024 until May 2025, on a monthly basis.The move makes the Hamburg-based owner’s re-entry into the small coaster sector, which will add to its diversified fleet which is mostly comprised of boxships but also includes a handysize bulk carrier and a product tanker.
8. Iran’s Navy Unveils New Missile-Equipped Vessels. Iran’s Revolutionary Guards’ navy has unveiled new vessels equipped with 600-km range missiles at a time of rising tensions with the U.S. in the Gulf, the semi-official Tasnim news agency reported on Wednesday. The announcement was made during a military exercise off the coast of Abu Musa island, one of three Gulf islands under Iranian control but disputed by the United Arab Emirates.
9. Panama Canal Authority Defies Drought Challenges with Transit of Biggest Containership. In the face of severe drought conditions that have impacted Panama Canal operations, the Panama Canal Authority (ACP) has celebrated the northbound transit of the Ever Max, the highest-capacity containership to navigate the waterway.The vessel, with a maximum capacity of 17,312 TEUs, surpassed the previous record-holder, the 16,285 TEU-capacity Zephyr.
10. Adani Ports & SEZ total cargo volumes jump 7% YoY to 34 MMT in July The company’s logistics volumes continue to record significant jump with year-to-date (YTD) rail volumes of 178,689 TEUs
Adani Ports and Special Economic Zone (APSEZ) reported a seven per cent year-on-year (YoY) growth in July in its total cargo volumes to 34 million metric tonnes (MMT). According to a press release by the company, the growth was observed across all cargo segments, including containers (23 per cent), and liquid & gas (27 per cent).


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