InterManager Daily News 21.09.2023.

1. InterManager announces winners of its shippositive campaign. Five amazing images have earned iPads for their photographers as InterManager #shippositive campaign to show the upside of the shipping industry attracts big response. A social media campaign by InterManager, the international trade body for the shipmanagement sector, has attracted a widespread response from throughout the international shipping industry with seafarers and maritime workers keen to illustrate the positive side of their business.
2. Congestion in Panama to support charter market. Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may affect trade patterns, should longer waiting times result in operations through the Panama Canal becoming commercially unviable.Charter rates in the dry bulk market improved for the sub-Capesize vessels in August amid increased congestion in the Panama Canal. The 1-year TC rates strengthened in August after declining for three consecutive months as additional waiting time squeezed supply in the market.
3. IUMI President characterises marine insurance market as “strength and stability in turbulent seas” Opening this week’s International Union of Marine Insurance annual conference in Edinburgh, Scotland, President Frédéric Denèfle expands and explains the conference common theme of “strength and stability in turbulent seas”. Discussing current turbulence, he began by setting out what is essentially “business as usual” for marine underwriters.
4. DCS 2023 reveals container shipping’s turning point amid global challenges and opportunities. In a deep dive of container shipping demand, experts agreed that the growth in container traffic experienced a notable decline in 2022. Projections for the current year also suggest a less-than-optimistic outlook. While there is optimism for a recovery, the overall rates of growth are anticipated to remain lower compared to previous decades.
5. UK Government backs Port of Aberdeen’s multi million pound shore power project. Port of Aberdeen leads industry consortium to pioneer large-scale landside and vessel-side shore power system. Port of Aberdeen announces it has been awarded funding from the UK Government for a multi-million pound project to design and deliver the first large-scale landside and vessel-side shore power system in Scotland.
6. IMO must take opportunity to reduce underwater noise by transitioning to cleaner ships. As a workshop exploring the relationship between energy efficiency and underwater radiated noise from shipping opens today at the International Maritime Organization (IMO) in London, the Clean Arctic Alliance called for international action to support the transition to ships that are both more efficient and quieter as efforts to decarbonise the global shipping fleet are stepped-up.
7. COSL snaps up four abandoned jackup rigs at DSIC in $446m deal. Offshore driller China Oilfield Service Limited (COSL) is expanding its fleet with the acquisition of four jackup rigs abandoned by Seadrill at a compatriot yard. The company’s subsidiaries, COSL Leasing and COSL Hainan Technical Services have agreed with Dalian Shipbuilding Offshore Co., a subsidiary of DSIC, to take the quartet for about $446m.
8. Northland and Orlen secure $5.2bn for Baltic Power offshore wind farm. Northland Power and Orlen have signed a $5.2bn credit agreement for the Baltic Power offshore wind project in Poland. Northland said that the loan adheres to its green financing framework covering construction and a 20-year term. The financing will be provided by 25 international and local commercial banks, multiple export credit agencies, and multilateral agencies.
9. Opinion: EPA Must Stop Unsafe and Costly California Maritime Mandate. California’s maritime sector is essential to America’s role in the global economy and to the supply chain. Yet, a mandatefrom the California Air Resources Board (CARB) has cast a shadow over the safety and efficiency of this sector, which will have far-reaching effects on the nation.
10. DOF Wins $260 Million Contract Extension in Brazil. Norwegian offshore vessel owner DOF has secured three new service contracts worth over $260 million with Petrobras in Brazil. The contracts involve survey and inspection work in Campos Basin, Santos Basin, and Espírito Santos Basin, with at least three vessels being utilized. DOF is expected to executive more than 3,200 inspections of flexible pipeline, risers and subsea equipment inspection


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