InterManager Daily News 07.08.2023.

1. Chevron Mediterranean awards deep water Leviathan field project to Corinth Pipeworks. Cenergy Holdings announces that Corinth Pipeworks, its steel pipes segment, was awarded a new project from Chevron Mediterranean Limited. Building on the success of previous awards, such as the deep-water Tamar project in 2022, Corinth Pipeworks was chosen to manufacture and supply approx. 118km of longitudinally submerged arc-welded steel pipes (SAWL) for the deep-water Leviathan project. https://cyprusshippingnews.com/2023/08/04/chevron-mediterranean-awards-deep-water-leviathan-field-project-to-corinth-pipeworks/
2. Gibraltar Port responds to oil spill incident in the Bay. The Captain of the Port has suspended operations at the Gibraltar Port this morning following an oil spill incident in the bay.The Gibraltar Port Authority has initiated its oil spill contingency plan in conjunction with the Department of Environment and response operations are currently underway. Spanish authorities have been notified as part of the automatic procedure. https://cyprusshippingnews.com/2023/08/04/gibraltar-port-responds-to-oil-spill-incident-in-the-bay/
3. China’s weak Purchasing Managers’ Index means good news for commodities, for now. Bad news for China’s economy appears to spell good news for commodities, with prices of copper and iron ore gaining on hopes for new stimulus measures after yet another weak indicator. China’s manufacturing activity dropped for a fourth consecutive month in July, with the official Purchasing Managers’ Index (PMI) coming in at 49.3, below the 50 level that separates expansion from contraction. https://cyprusshippingnews.com/2023/08/04/chinas-weak-purchasing-managers-index-means-good-news-for-commodities-for-now/
4. Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client. South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has won its first LNG tanker contract worth 332.2 billion won ($259.9 million) after the company went through a rebranding in April 2023. In April 2023, South Korea’s Hanwha Group, one of the country’s largest defense contractors, received the green light from the country’s Fair Trade Commission to proceed with the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME). The major shipbuilding company was rebranded into Hanwha Ocean. https://cyprusshippingnews.com/2023/08/04/hanwha-ocean-wins-259-9-mln-lng-tanker-contract-from-asian-client/
5. Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom. Asia’s cash differential for high sulphur fuel oil (HSFO) jumped sharply on Tuesday as strong bids emerged, though headwinds loomed as supply loadings did not appear to have tightened much for August. The 380-cst HSFO cash differential FO380-SIN-DIF was pegged at a premium of $18.33 per metric ton on Tuesday, as a flurry of bids and trades emerged at higher values day-on-day. https://cyprusshippingnews.com/2023/08/04/asia-fuel-oil-hsfo-jumps-on-strong-bids-but-headwinds-loom/
6. Ukrainian sea drone hits sanctioned Russian tanker off Crimea. Russian product tanker Sig has been damaged in a Ukrainian sea drone attack in the Kerch Strait near the bridge that connects the Russian mainland with the Crimean peninsula. The 141m-long 6,600 dwt ship, owned by St Petersburg-based Transpetrochart, received a hole in the engine room near the waterline on the starboard side, Russia’s Federal Agency for Maritime and River Transport (Rosmorrechflot) said early on Saturday. https://splash247.com/ukrainian-sea-drone-hits-sanctioned-russian-tanker-off-crimea/
7. Concordia Maritime left with one ship following latest sales. Concordia Maritime’s fleet sellout continues, leaving the Stena-backed Swedish tanker player with one ship remaining.The Erik Lewenhaupt-led company has offloaded the 2011-built product tanker Stena Premium and the 2009-built Stena Progress to undisclosed buyers.No price has been revealed but the Gothenburg-based owner said the deal would generate a liquidity supplement of around SEK100m ($9.3m) after repayment of loans and liabilities to related parties. https://splash247.com/concordia-maritime-left-with-one-ship-following-latest-sales/
8. Iran Navy Readies Drones And Missiles As US Marines Prepare To Board Oil Tankers. Iran has equipped its Revolutionary Guards’ navy with drones and 1,000-km (600-mile) range missiles, Iranian news agencies reported on Saturday, as the U.S. offers to put guards on commercial ships going through the Gulf’s Strait of Hormuz. Referring to the possible presence of U.S. guards, Iranian armed forces spokesperson Brigadier General Abolfazl Shekarchi said the region’s countries were “capable of ensuring Persian Gulf security” themselves. https://gcaptain.com/iran-navy-readies-drones-and-missiles-as-us-marines-prepare-to-board-oil-tankers/
9. Connection Points in Shipping Industry. With the growing concern on emission from ships while berthed in ports, shore power is facilitated by various ports to ships while berthed in ports and such facility requires standardization for connection points. To facilitate shore power supply to ships while in Indian ports, the Directorate General of Shipping has issued ‘Standard Operating Procedures’ for supply of shore power to ships with power demand up to 150 KW. This has standardized the fitment at shore and ship and is helpful in supplying shore power to small ships, such as, tugs. https://www.shippingtribune.com/news/shipping/Connection+Points+in+Shipping+Industry
10. Maersk warns of slower demand for container shipping. Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories.The company, one of the world’s biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%. It had previously forecast a decline of no more than 2.5%.https://www.shippingtribune.com/news/shipping/Maersk+warns+of+slower+demand+for+container+shipping