InterManager Daily News 28.09.2023.

1. MOL donates Funds to support victims of floods in Libya. Mitsui O.S.K. Lines, announced its decision to donate 5 million yen through the Japanese Red Cross Society to provide relief to the victims of the massive flooding caused by the powerful storm Daniel in northeastern Libya on September 10, and to support reconstruction efforts. https://cyprusshippingnews.com/2023/09/26/mol-donates-funds-to-support-victims-of-floods-in-libya/
2. AP Moller Maersk opens doors to a 16.000 sqm brand new and technology driven warehouse in Douala, Cameroon. Maersk’s new warehousing & distribution (W&D) facility, spread over 16,000 sq.m. inside the Douala Port zone and powered by a cutting-edge system, will serve mainly the growing demand for FMCG cargo and, potentially, other strategic verticals in Central Africa. https://cyprusshippingnews.com/2023/09/26/ap-moller-maersk-opens-doors-to-a-16-000-sqm-brand-new-and-technology-driven-warehouse-in-douala-cameroon/
3. Valenciaport takes its connectivity and “zero emissions” agenda to Asia’s leading logistics fair. Connectivity with more than 1,000 ports in the world, high added value services and all the projects that have been launched to achieve the Valenciaport 2030 objective: zero emissions. This is the letter of introduction of the Port Authority of Valencia (PAV) at the main logistics and transport fair of the Asian continent International Logistics and Supply Chain Fair, which is being held from 21 to 23 September in the city of Shenzhen. https://cyprusshippingnews.com/2023/09/26/valenciaport-takes-its-connectivity-and-zero-emissions-agenda-to-asias-leading-logistics-fair/
4. Will the EU’s Ship Recycling Regulation align with the Hong Kong Convention? Representing the Indian government was Mr Shri Rajesh Kumar Sinha, who emphasized the importance of the coming into force of the Hong Kong Convention. With an international enforceable legal instrument in place, recycling yards now have a basis to make the necessary investments to position themselves in a more competitive market. Notwithstanding more than 10 million of euros already invested, the lives of workers – including safety measures, working conditions, medical facilities, education and training – are improving correspondingly. https://cyprusshippingnews.com/2023/09/26/will-the-eus-ship-recycling-regulation-align-with-the-hong-kong-convention/
5. Mawani and SIRC sign Green Deal. The Saudi Ports Authority has signed an agreement with the Saudi Investment Recycling Company to boost collaboration across sustainability, marine safety, and oil spill control besides setting up waste management and recycling facilities. https://cyprusshippingnews.com/2023/09/26/mawani-and-sirc-sign-green-deal/
6. IEA sees ammonia as shipping’s go-to solution for reaching net zero by 2050. The ‘Net Zero by 2050: A Roadmap for the Global Energy Sector‘ report was published in 2021. It translated the goal of limiting global warming to 1.5°C into a concrete roadmap for the global energy sector. Instead of starting to fall as envisaged in the 2021 report, demand for fossil fuels and supply investments have increased spurred by the energy crisis of 2022 after Russia invaded Ukraine. https://splash247.com/iea-sees-ammonia-as-shippings-go-to-solution-for-reaching-net-zero-by-2050/
7. Enova grants Viridis $14m in funding for ammonia-powered bulker duo. Norwegian government enterprise Enova has decided to grant NOK 152m ($14.1m) to Viridis Bulk Carriers for the construction of two ammonia-powered bulk carriers. Viridis Bulk Carriers expect to place orders for the two ships near the end of 2023, with deliveries starting in 2025. https://splash247.com/enova-grants-viridis-14m-in-funding-for-ammonia-powered-bulker-duo/
8. Russia Still Relies on Europe for Shipping its Oil Roughly two-thirds of Russian crude and petroleum products is being transported by vessels insured or owned in nations implementing price caps imposed by the G-7 and its allies, the Helsinki-based Centre for Research on Energy and Clean Air said. That shows Moscow is still heavily using the European shipping industry, it said. https://gcaptain.com/russia-still-relies-on-europe-for-shipping-its-oil/
9. Biden Administration Completes Environmental Review of Dominion Energy’s Virginia Offshore Wind Farm. The 2.6-gigawatt (GW) project is the largest offshore wind farm planned in the United States and could potentially power 660,000 homes with renewable energy. It will be located in a commercial lease area approximately 23.5 nautical miles from Virginia Beach, Virginia, and consist of 176 14.7-megawatt wind turbines and three offshore substations. https://gcaptain.com/biden-administration-completes-environmental-review-of-dominion-energys-virginia-offshore-wind-farm/
10. Baltic index rises to over 4-month high on stronger capesize rates. The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest since mid-May on Monday, supported by gains in the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 21 points, or 1.3% to 1,614, its highest level since May 10. https://www.shippingtribune.com/news/shipping/Baltic+index+rises+to+over+4-month+high+on+stronger+capesize+rates