InterManager Daily News 24.08.2023.

1. OSM Thome and Pherousa green shipping collaborate on major ultramax project. Norwegian companies OSM Thome and Pherousa Green Shipping AS have entered into a Letter of Intent outlining their collaboration on a series of 63000 dead weight Ultramax vessels to be ordered by PGS. The collaboration involves Phases I, II, and III, encompassing Drawing Approval, Project Development, and Site Supervision for six 63000 dwt Ultramax Bulk Carriers. Furthermore, OSM Thome will manage the crew and technical management of the constructed vessels. https://cyprusshippingnews.com/2023/08/22/osm-thome-and-pherousa-green-shipping-collaborate-on-major-ultramax-project/
2. Management shuffle at Synergy sees Unni take on chairman role. Rajesh Unni, founder and CEO of Singapore-based shipmanagement giant Synergy Marine Group, is stepping back from the day-to-day running of the company, announcing a succession plan which will see him take on the role of executive chairman. Mathavan Subbiah, who has been with Unni since the launch of the company in 2006, steps up from chief operating office to become group chief executive.https://splash247.com/management-shuffle-at-synergy-sees-unni-take-on-chairman-role/
3. Euronav announces fleet expansion. Euronav announced an agreement to purchase one VLCC new build including the option for a second VLCC new build to be lifted in the coming 2 months. The purchase will cost USD 112.2 million with highly favourable payment terms and schedule. The vessel is expected to be delivered in Q3 2026.https://cyprusshippingnews.com/2023/08/22/euronav-announces-fleet-expansion/
4. Tufton’s Kamsarmax Bulker installed with Anemoi Rotor sails expected to save 10% of fuel and emissions annually. Installation of Rotor Sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier, was completed in Chengxi Shipyard, China, in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management and is on a time charter with Cargillhttps://cyprusshippingnews.com/2023/08/22/tuftons-kamsarmax-bulker-installed-with-anemoi-rotor-sails-expected-to-save-10-of-fuel-and-emissions-annually/
5. Odfjell first to install suction sails on deep sea chemical tanker. In partnership with bound4blue, a pioneering developer of wind-assisted propulsion technology, Odfjell will install the innovative eSAIL system on a chemical tanker, making it the first tanker vessel in the world to harness this groundbreaking technology. bound4blue’s eSAIL system utilizes a cutting-edge wind-assisted propulsion system known as a suction sail. By promoting the use of wind power to propel vessels, this technology significantly reduces fuel consumption and pollutant emissions. https://cyprusshippingnews.com/2023/08/22/odfjell-first-to-install-suction-sails-on-deep-sea-chemical-tanker/
6. Baltic index hits over 1-month high on gains across vessel segments. The Baltic Exchange’s main sea freight index .BADI rose to a more than one-month high on Wednesday, helped mostly by steady gains in rates for the panamax and capesize vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 67 points, or 5.8%, to 1,233. https://cyprusshippingnews.com/2023/08/22/baltic-index-hits-over-1-month-high-on-gains-across-vessel-segments/
7. Maran Dry lets go of elderly cape. Maran Dry Management, a unit of Greek owner Angelicoussis Shipping Group, has offloaded its eighteen-year-old capesize bulker. Brokers are reporting the 2005 Shanghai Waigaoqiao Shipbuilding-built Maran Fortune as sold to an unnamed buyer. No price has been given for the 174,272 dwt ship formerly known as Anangel Fortune. https://splash247.com/maran-dry-lets-go-of-elderly-cape/
8. Peru’s port shame. Callao, Peru, has long been essential to the nation’s maritime trade and culture. However, recent years have witnessed a troubling rise in robbery at sea incidents, threatening the safety of maritime activities and raising concerns about the security of vessels and crew members. This article explores the increasing frequency of maritime thefts in Callao and sheds light on the factors contributing to this alarming trend. https://splash247.com/perus-port-shame/
9. European Gas Surges on Australia LNG Talks and Norway Outages. European natural gas extended gains as heavy maintenance in Norway adds to volatility in a market already spooked by the threat of strikes in Australia. Benchmark futures rose as much as 9.9% after settling at a two-month high in the previous session as supply concerns intensify. Seasonal works at the giant Troll field, previously scheduled to continue past the summer season, were extended further to Oct. 16, according to Norwegian grid. https://gcaptain.com/european-gas-surges-on-australia-lng-talks-and-norway-outages/
10. Biden Administration Approves Fourth Commercial-Scale Offshore Wind Farm The Department of the Interior has approved the Revolution Wind project, marking the fourth commercial-scale offshore wind project to receive federal approval under the Biden Administration. Located about 15 nautical miles southeast of Point Judith, Rhode Island, the project will have an estimated capacity of 704 megawatts, which is enough to power nearly 250,000 homes. The project is expected to create an estimated 1,200 local jobs during the construction phase. https://gcaptain.com/biden-administration-approves-fourth-commercial-scale-offshore-wind-farm/