InterManager Daily News 22.08.2023

1. NORDEN and Teck announce emission reduction freight contract. NORDEN and Teck Resources Limited, announced an agreement to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 passenger vehicles from the road.
2. Gains in panamax vessel rates take Baltic sea freight index higher. The Baltic Exchange’s main sea freight index .BADI edged up on Monday as rates for the panamax segment, ferrying coal and grain cargoes, hit a more than three-month high that also helped offset a dip in the larger capesize vessel segment.
3. Singapore July bunker sales rebound as container throughput firms. Singapore’s marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed. Bunker sales at Singapore are a key indicator of sentiment at the world’s largest refuelling hub for ships, which is also one of the busiest shipping lanes globally.
4. Nigeria makes new headway with floating LNG as part of gas drive. Nigeria — already home to the 22.5 million mt/year six-train Nigeria LNG plant — is also making further progress with the development of offshore LNG production as it looks to monetize its vast gas resources. As well as expanding the NLNG plant to 30 million mt/year with the construction of a seventh train, work is underway to deploy floating LNG infrastructure in the West African country.
5. Ukrainian International Law Association publishes Geneva declaration on Human Rights at Sea. The Geneva Declaration on Human Rights at Sea and accompanying Commentary has been published in the 2nd Edition 2023 of the Ukrainian International Law Association journal. From pages 67 – 81, the Ukrainian Journal features the inaugural issuing of the first full text publication in Ukraine. Importantly, it provides improved legal and policy awareness both in-country and internationally.
6. Three shipowners take on new absolute zero emissions challenge. Three shipowners have accepted to take up the absolute zero emissions challenge posed by the Zero Emissions Ship Technology Association (ZESTA), a global industry body representing technologies and fuel providers who are already committed to absolute zero. The three shipowners, exclusively revealed to Splash, are Hong Kong-based tanker and bulker firm Wah Kwong, Veer Voyage, a Bahamas-headquartered containerline and OSV operator North Star Shipping.
7. NYK and K Line fined for car shipment price fixing in Canada. Japanese shipping companies Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) have been fined a total of nearly C$2m ($1.34m) by Ontario Superior Court for their involvement in an international conspiracy that reduced competition for the shipment of vehicles to Canada.
8. Hapag-Lloyd shows interest in HMM takeover. Today is deadline day for interested parties to submit bids for HMM, South Korea’s flagship carrier. As well as four Korean firms vying for control of the line, formerly known as Hyundai Merchant Marine, one famous foreign company has asked for a sales prospectus. Hamburg-based Hapag-Lloyd has emerged as an interested party to take over HMM, both companies being members of THE Alliance, a grouping of global liners.
9. My Digital Fleet™ Webinar Series on Sustainable Maritime. Right now, hundreds of vessel owners and operators across the globe are grappling with the same challenges to their maritime sustainability strategy: stringent IMO and EU regulations, advancing technology and meeting the needs of multiple operational stakeholders. That is why ABS Wavesight, a leading solutions provider for maritime efficiency and digitalization, has developed a groundbreaking five-part webinar series.
10. Iranian Tanker Seized By US Begins Unloading. A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed. Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston, about 50 miles (80 km) outside of Houston, since May 30, unable to unload because commercial agents fear any vessel that takes it will be shunned by customers.


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