InterManager Daily News 27.09.2023.

1. Loss prevention measures must adapt as shipping innovates, says IUMI. Shipping continues to innovate in terms of vessel capacities, greener technologies and more modern operating practices. At the same time, the way that goods are being carried, particularly unitized cargoes, are also changing. Innovation and change will inevitably bring about new risks which must be understood and mitigated with new or updated loss prevention methods. https://cyprusshippingnews.com/2023/09/25/loss-prevention-measures-must-adapt-as-shipping-innovates-says-iumi/
2. Full container ship “Jolly Oro” joins the Ignazio Messina and C fleet. The Genoa based shipping group Ignazio Messina & C. records today the acquisition of a new full-container vessel, already renamed “Jolly Oro”, that will operate side by side with the recently acquired sister vessel “Jolly Argento”, thus confirming the strategy of a progressive strengthening on the market of the full container units. https://cyprusshippingnews.com/2023/09/25/full-container-ship-jolly-oro-joins-the-ignazio-messina-and-c-fleet/
3. Valenciaport warns of the diversion of traffic to non-EU ports to evade payment for emissions. Loss of competitiveness, reduction of transhipment business , carbon leakage and diversion of ships to non-European ports . These are the risks that Valenciaport has detected in the imminent implementation of the European environmental tax – Emissions Trading System – which will be applied gradually from this year until its full implementation in 2026. https://cyprusshippingnews.com/2023/09/25/valenciaport-warns-of-the-diversion-of-traffic-to-non-eu-ports-to-evade-payment-for-emissions/
4. Longline fishing company Pesquera Azul tests unique whale depredation solution with ‘exceptional’ results. The steady increase in the whale population in subantarctic fishing grounds presents a serious challenge for the longline fishing industry, especially for fatty fish species. Whales have learned to snatch, for example, Black cod, halibut and Patagonia toothfish off the hooks as lines are hauled in, and teach their young to do the same. In areas with a strong whale presence such as South Georgia and the Sandwich Islands, the Prince Edwards Islands Exclusive Economic Zone (South Africa) and east of the Kerguelen Islands (Australia), depredation has become so serious that it threatens the economic viability of fishing operations. https://cyprusshippingnews.com/2023/09/25/longline-fishing-company-pesquera-azul-tests-unique-whale-depredation-solution-with-exceptional-results/
5. BIMCO Shipping number of the week. Year-to-date product tanker newbuild contracting hits 10-year hig “During the first eight months of 2023, contracting of product tanker newbuilds hit a 10-year high, reaching 140 ships and 10.72 million deadweight tonnes (DWT). The last time more than 10 million DWT were contracted from January through August was in 2013,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. https://cyprusshippingnews.com/2023/09/25/bimco-shipping-number-of-the-week-14/
6. Diana Shipping wins charters for dry bulk duo. Greek bulker owner Diana Shipping has entered into time charter contracts for two of its dry bulk vessels with ASL Bulk Marine and ST Shipping and Transport. The Semiramis Paliou-led owner of 41 bulkers fixed out its ultramax DSI Pyxis to Bulk Marine. The gross charter rate is $14,250 per day, minus a 5% commission paid to third parties, for a period until a minimum of October 10, 2024, up to a maximum of December 10, 2024. https://splash247.com/diana-shipping-wins-charters-for-dry-bulk-duo/
7. Ukraine’s new shipping corridor gains traction. Ukraine’s new shipping corridor is gaining traction. Following last week’s sailing from Black Sea ports of two ships carrying grain bound for international markets, another three bulk carriers have arrived in Ukraine ready to take on a combined 130,000 tons of grain and iron ore. https://splash247.com/ukraines-new-shipping-corridor-gains-traction/
8. 50% of the global orderbook held by just two shipping sectors. More startling data on the extraordinarily skewed nature of the global ship orderbook has emerged. According to data from Clarksons Research, fully 50% of the the global orderbook in cgt terms is contracted for just two shipping segments, LNG and containers. https://splash247.com/50-of-the-global-orderbook-held-by-just-two-shipping-sectors/
9. Panama drought and its impact on bulk shipping. The Panama Canal, an 80-kilometre-long, man-made waterway connecting the Atlantic with Pacific Ocean, is experiencing a severe drought with water levels at record lows not seen since 2016. The passage has been in operation since 1914 and is a key maritime transit point for global trade with 13,000 vessels transiting the canal in 2022. Container ships and dry bulk carriers are the top two segments that transit the canal. https://www.shippingtribune.com/news/shipping/Panama+drought+and+its+impact+on+bulk+shipping
10. Med crude-Urals diffs stable in muted trade. Urals crude differentials to dated Brent kept stable on Friday in muted trade, while a potential decline in Russian oil products exports for both September and October loading remained in focus. Russia’s fuel export ban will last as long as necessary to ensure market stability, a spokesman for the Kremlin told reporters on Friday. https://www.shippingtribune.com/news/shipping/Med+crude-Urals+diffs+stable+in+muted+trade