InterManager Daily News 01.09.2023.

1. MISC and Samsung Heavy showcase floating CO2 storage unit concept. Malaysia’s top shipping line, MISC, and South Korean shipbuilder Samsung Heavy Industries (SHI) have completed a conceptual design for a floating CO2 storage unit with the aim of enhancing the efficiency of the carbon capture and storage (CCS) value chain within the maritime industry.
2. Furetank and Wärtsilä tackle methane slip. Swedish shipowner Furetank has partnered with Finish technology group Wärtsilä to co-develop and test technologies showing the potential of halving the methane slip in LNG-fuelled ships.Running ships on LNG and liquefied biogas (LBG) compared to conventional fuel oil delivers emissions reductions of CO2, NOx, SOx and harmful particles, but methane, which is a more potent greenhouse gas than CO2, remains one of the most critical technical challenges to overcome in gas-powered vessels.
3. Transocean wins $222m drillship contract in India. Switzerland-headquartered Transocean has secured work from India’s Oil and Natural Gas Corporation (ONGC) for its ultra-deepwater drillship Dhirubhai Deepwater KG1. The New York-listed operator of 37 rigs has fixed the 2009-built unit for a 21-month campaign starting in the first quarter of 2024. The rig is currently operating for Reliance Industries on a dayrate of $169,500, which will increase to $330,000 next month until November.
4. Orsted’s $2.3 Billion Hit is Latest Setback for America’s Offshore Wind Industry. Orsted A/S’s potential $2.3 billion impairment on its US projects is just the latest in a string of recent setbacks for the nascent US offshore wind industry, which is struggling to fulfill ambitious goals set by President Joe Biden. Supply-chain issues, high interest rates and a so-far-unsuccessful bid for more federal tax credits threaten three planned projects off the US East Coast, Orsted said late Tuesday. The Danish company’s shares plunged 25%, the most on record, after its impairment warning.
5. Kinder Morgan Reports Minimal Damage Due to Idalia. Kinder Morgan on Wednesday said its Port Manatee, Port Sutton and Tampaplex terminals in Florida sustained minimal damage due to Hurricane Idalia, and that it was also planning to shut its Charleston area terminals later in the day. The U.S. energy company said it was planning to reopen the terminals on Thursday, while its Tampa facilities including the Tampa refined products terminal and Central Florida Pipeline system have resumed normal operations.
6. Russia and Turkey to Discuss Alternative to Black Sea Deal. Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal by Moscow for an alternative to the Black Sea grain deal when they meet this week, Lavrov’s ministry said on Wednesday. Under the plan, Russia would send a million tons of grain to Turkey at a discounted price, with financial support from Qatar, to be processed in Turkey and sent to countries most in need, the Foreign Ministry said.
7. McAllister’s New Tier IV Tug Arrives in Virginia. McAllister’s new Tier IV tug Jane McAllister has arrived at its new homeport at the Port of Virginia. Built by Washburn & Doughty in East Boothbay, Maine, the tug is equipped with 3516E Tier IV Caterpillar engines powering twin Schottel SRP 490 Z- drive units.
8. Baltic index slips as capesize dip outweighs smaller vessel gains. The Baltic Exchange’s main sea freight index declined on Wednesday, as lower rates for capesizes outweighed gains in smaller vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 13 points, or about 1.2%, to 1,094.The capesize index declined 82 points, or 6.8%, to 1,123, its lowest level since June 2.
9. Asia Fuel Oil-cst drops as lower offer emerges. Asia’s 180-cst high sulphur fuel oil (HSFO) market retreated on Wednesday as a lower offer emerged.The cash differential for 180-cst HSFO dropped to a premium of $11.95 a metric ton, down by more than 25% day-on-day.The sharp decline followed a recent collapse in the 380-cst HSFO market, which has since steadied.
10. Oman: Salalah Port to introduce sea-air cargo connectivity soon. Port of Salalah, one of the largest maritime ports in the Middle East, is set to introduce sea-air cargo connectivity in the near future. This new shipping method will combine the speed of air freight with the cost-effectiveness of sea freight, offering a more efficient and sustainable way to transport goods.Sea-air cargo connectivity works by transporting goods by sea to a regional hub, where they are then transferred to air freight for the final leg of the journey. This allows shippers to take advantage of the lower cost of sea freight for the long-haul leg of the journey, while still getting their goods to their destination quickly.


Leave a reply

©2023 InterManager - Promoting Excellence In Ship Management

Log in with your credentials

Forgot your details?