InterManager Daily News 29.09.2023.

1. On World Maritime Day, IMO-UNEP-Norway Innovation Forum 2023 takes place on 28 September 2023 at IMO Headquarters. World Maritime Day 2023 highlights marine environment protection IMO’s commitment to the preservation of the marine environment underlined on World Maritime Day 2023 This year sees the 50th anniversary of the adoption of the International Convention for the Prevention of Pollution from Ships , the primary global treaty for the prevention of pollution of the marine environment by ships from intentional, operational or accidental causes.
2. Aframax values hover near historical highs. In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from USD 31.88 mil to USD 38.46 mil as values hover close to the record highs of September 2008.
3. Decarbonised supply chains a thing of the present says APM Terminals CEO Svendsen. APM Terminals is already sourcing ~40% of all the electricity it consumes globally from renewable sources – a nearly four-fold increase from 11% in 2020. Decarbonised ports, as well as ships are proof that the supply chain transformation is happening here and now, says APM Terminals’ CEO Keith Svendsen.
4. Associated British Ports eyes asset investment growth. The UK’s leading port operator has appointed Rob Morton as Lead Property Asset Manager in its Humber based property team. He will be responsible for identifying new business opportunities through the management and building of relationships with new and existing ABP customers and hold responsibility for asset management and property development projects.
5. 12 trillion to be spent on renewables and grid infrastructure in the US and Canada by 2050 according to DNV Report. Federal and household spending on energy in the U.S. and Canada will drop sharply as the two countries reduce their reliance on fossil fuels, according to DNV’s Energy Transition Outlook North America. The new report explores the most likely energy future of the U.S and Canada to the middle of the century and it forecasts 12 trillion dollars will be spent in the two countries on grid and renewables between now and 2050. The intrinsic efficiency of renewables and electrification mean that overall expenditure on energy will be the equivalent of 2.5% of GDP by 2050, compared to 4% now.
6. QatarEnergy signs $3.9bn deal for 17 LNG newbuilds in South Korea. Middle Eastern liquefied natural gas producer QatarEnergy has kicked off the second phase of its massive shipbuilding program by signing a contract with South Korea’s HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers, one of the largest single ship orders in history.
7. New owner looking to repair and flip fire-burnt car carrier Freemantle Highway. Netherlands-based Koole Contractors has become the new owner of the fire-damaged car carrier Fremantle Highway. Koole Contractors will not be repairing the ship and getting into the car shipping business but will be looking to repair the ship and sell it to a willing customer.
8. Jinhui Shipping picks up ultramax for $20.4m Chinese bulker operator Jinhui Shipping and Transportation has returned to buying mode shortly after disposing of its oldest vessel. The Oslo- and Hong Kong-listed company has snapped up a 2014-built ultramax Hanton Trader III paying around $20.4m. Brokers reported in June that the 63.800 dwt ship was sold to an unnamed buyer for about $23.5m.
9. Irish Forces Raid Bulk Carrier and Find ‘Significant Quantity’ of Drugs The Irish Defence Forces said that the ship had been tracked for several days after traveling from South America. The Irish Navy patrol vessel LÉ William Butler Yeats fired warning shots in the ship’s direction before forces stormed the ship by helicopter.
10. New York Steps Up as Unlikely Diesel Supplier Three ships — the Mantaro I, the Nord Master and the Sti Queens — loaded more than a combined 1 million barrels of diesel or gasoil in the past week from the International-Matex terminal in New York Harbor, according to Kpler data compiled by Bloomberg. That’s an average of 41,000 barrels a day so far this month, the highest monthly rate since June 2020.


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