InterManager Daily News 04.10.2023.

1. Tanker Market moved sideways last week. LR2 freight levels have appeared to have been somewhat unsettled this week with no clear direction. TC1 has bubbled around the WS130-135 level with Baltic TCE hovering around the $24,000/day round trip. Meanwhile a run to the UK-Continent on TC20 took a less than 1% dip to $3,825,000. https://cyprusshippingnews.com/2023/10/03/tanker-market-moved-sideways-last-week/
2. Shoreline unveils – MARPOL Detention Costs Insurance (MDCI): An essential new insurance solution when faced with expanded U.S. MARPOL investigations. Shoreline, a leading provider of maritime risk solutions, is proud to introduce its innovative new marine insurance product, MARPOL Detention Costs Insurance (MDCI). This essential new insurance policy is specifically designed to address the gaps left in a shipowner’s P&I insurance when faced with a U.S. MARPOL investigation and/or detention. https://cyprusshippingnews.com/2023/10/03/shoreline-unveils-marpol-detention-costs-insurance-mdci-an-essential-new-insurance-solution-when-faced-with-expanded-u-s-marpol-investigations/
3. The EU needs more effective multilateralism to tackle maritime security risks, says EESC. The European Economic and Social Committee (EESC) calls for more joint actions on EU Maritime Security Strategy and its Action Plan which aim at preserving EU sovereignty, security and competitiveness. The Committee supports the EU-NATO cooperation on maritime security and signals the importance of firm engagement with international partners to collectively tackle people smuggling and human trafficking. https://cyprusshippingnews.com/2023/10/03/the-eu-needs-more-effective-multilateralism-to-tackle-maritime-security-risks-says-eesc/
4. Singapore fuel oil stocks at three-week lows as net imports ease. Onshore fuel oil stocks fell 9.5% to 19.77 million barrels (3.11 million metric tons) in the week to Sept. 27, Enterprise Singapore data showed.
Weekly net imports, calculated by subtracting total exports from total imports, eased 17.3% from last week at 834,000 tons.
Brazil was the top origin for Singapore’s fuel oil imports at 252,000 tons, with imports up for a second straight month. https://cyprusshippingnews.com/2023/10/03/singapore-fuel-oil-stocks-at-three-week-lows-as-net-imports-ease/
5. Transparensea Fuels expands into Europe with launch of new London office. Transparensea Fuels, the provider of transparent and inclusive bunker brokerage and alternative fuels advisory services, has announced it is expanding into the European market, with the opening of a new London office. Following demand for its fresh approach to the marine fuels market in North America, Transparensea’s move to Europe coincides with shipping facing an unprecedented shift in the way it fuels vessels between now and 2050. https://cyprusshippingnews.com/2023/10/03/transparensea-fuels-expands-into-europe-with-launch-of-new-london-office/
6. Dark’ ships are faking their locations to move oil around the world — and it’s likely worth billions of dollars. Ships are faking their locations to engage in illicit activity — and rising numbers appear to be doing so to trade goods that are likely to be worth billions of dollars. So-called “dark vessels” shipping Russian oil in a suspected evasion of the G7′s $60 a barrel price cap, tankers going under-the-radar in Venezuelan waters, and cargo ships allegedly smuggling grain from Ukraine are being uncovered by satellite technology that can identify when vessels report a false location. https://cyprusshippingnews.com/2023/10/03/dark-ships-are-faking-their-locations-to-move-oil-around-the-world-and-its-likely-worth-billions-of-dollars/
7. US Coast Guard Takes Action to Combat Sexual Misconduct in the Maritime Industry. The responsible entity of a vessel is now required by law to report any such complaint or incident to the Coast Guard. To guide individuals and organizations in reporting instances of sexual misconduct, the Coast Guard has published MSIB 1-23, which provides comprehensive guidance on the reporting process. The Coast Guard Officers in Charge, Marine Inspections (OCMI) have also launched an education and outreach campaign to raise awareness among maritime industry personnel about the reporting requirements and preferred reporting mechanisms. https://gcaptain.com/us-coast-guard-takes-action-to-combat-sexual-misconduct-in-the-maritime-industry/
8. Containership Banned from Australian Waters for Serious Safety and Maintenance Issues. The Big Lilly was initially detained in Melbourne following an inspection by AMSA port State control (PSC). The inspection revealed serious defects that posed a heightened risk to the health and safety of the crew members on board as well as the Australian coastal environment. The defects included issues with the ship’s cargo hatches, main engine, and safety equipment, specifically related to watertight integrity. https://gcaptain.com/containership-banned-from-australian-waters-for-serious-safety-and-maintenance-issues/
9. MSC wins landmark FMC case. The Federal Maritime Commission (FMC) in Washington DC has dismissed a case brought against the world’s largest containerline, Mediterranean Shipping Co (MSC), in a ruling that will be analysed by many in the transportation sector. The FMC studied a congestion fee MSC charged SOFi Paper Products in a first case of its kind since the passing last year of the Ocean Shipping Reform Act (OSRA). https://splash247.com/msc-wins-landmark-fmc-case/
10. Methanol-fuelled kamsarmax project takes shape. Lloyd’s Register (LR), Cargill International, Minerva Dry and Nantong COSCO KHI Ship Engineering Co (NACKS) have collaborated on the design of a kamsarmax bulk carrier with methanol and rotor sail capability. Chris Hughes, decarbonisation specialist at Cargill, praised the team’s willingness to challenge the status quo, and to consider new ideas and technologies. https://splash247.com/methanol-fuelled-kamsarmax-project-takes-shape/