InterManager Daily News 16.10.2023.

1. Independent Power Transmission Operator (IPTO) of Greece is new project promoter for Greece-Cyprus-Israel electricity interconnector EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10) and the Independent Power Transmission Operator (IPTO) of Greece, announce they have reached an agreement for the designation of IPTO as Project Promoter of the Electricity Interconnection between Greece, Cyprus and Israel https://cyprusshippingnews.com/2023/10/13/independent-power-transmission-operator-ipto-of-greece-is-new-project-promoter-for-greece-cyprus-israel-electricity-interconnector/
2. Day three of Maritime Cyprus 2023 conference sees discussion over safety, ship finance, technology and cruising Highlights from day three of the Conference addressing the future trends and emerging markets, ship finance, maritime technology/safety, and the latest developments and dynamics in the cruising sector https://cyprusshippingnews.com/2023/10/12/day-three-of-maritime-cyprus-2023-conference-sees-discussion-over-safety-ship-finance-technology-and-cruising/
3. Presidents of major Shipowners Associations discussed the future of Shipping towards 2050 The Cyprus Shipping Chamber coordinated on the opening day of the international Conference “Maritime Cyprus 2023,” 9 October 2023, a panel discussion on the topic “Sustainable Shipping towards 2050: a Mission (Im)Possible?”. https://cyprusshippingnews.com/2023/10/12/113535/
4. Liner shipping vessel sharing agreements to be regulated under general EU Block Exemption regulations Following the publication of its CBER Staff Working Document, the European Commission’s DG COMP has announced that it will let the sector-specific Consortia Block Exemption Regulation (CBER) lapse, and that liner shipping vessel sharing agreements will be regulated under the general EU antitrust rules based on the Horizontal Block Exemption Regulation and Specialisation Block Exemption Regulation. https://cyprusshippingnews.com/2023/10/13/liner-shipping-vessel-sharing-agreements-to-be-regulated-under-general-eu-block-exemption-regulations/
5. Israel-Palestine conflict set to create challenges in maritime industry while trade continues with caution The Israel-Palestine conflict, marked by recent violence between Israel and Hamas, has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. https://cyprusshippingnews.com/2023/10/13/israel-palestine-conflict-set-to-create-challenges-in-maritime-industry-while-trade-continues-with-caution/
6. Euronav announces fleet expansion Euronav announced an agreement to lift the option for a second VLCC new build. In August we announced the purchase of the first VLCC newbuilding and the option to purchase a second one. This option has now been lifted. The purchase will cost USD 112.2 million with highly favourable payment terms and schedule. The vessel is expected to be delivered in Q3 2026. https://cyprusshippingnews.com/2023/10/13/euronav-announces-fleet-expansion-2/
7. ICS continues to grow as it welcomes New Zealand Shipping Federation to full membership The New Zealand Shipping Federation (NZSF) has become a full member of the International Chamber of Shipping (ICS).
• New Zealand Shipping Federation has been an affiliate member of the ICS since 2021.
• This membership will broaden the geographical range of ICS’s community and help to ensure a balanced view to shape the future of shipping. https://cyprusshippingnews.com/2023/10/13/ics-continues-to-grow-as-it-welcomes-new-zealand-shipping-federation-to-full-membership/
8. G7 attempts to clamp down on the Russian oil price cap The US imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven 10 months ago with sanctions placed on two firms and two vessels The US Treasury Department sanctioned United Arab Emirates-based Lumber Marine, the registered owner of SCF Primorye, and Turkey’s Ice Pearl Navigation Corp, the registered owner of the Yasa Golden Bosphorus. https://splash247.com/g7-attempts-to-clamp-down-on-the-russian-oil-price-cap/
9. Ukrainian seafarers face being barred from Russian waters Ukrainian seafarers face being barred from working on ships that enter Russian waters. A new law coming into place on Monday, the 600th day since Russia invaded its neighbour, will force Ukrainian citizens entering the country to come through just two entry points: Sheremetievo airport in Moscow and Ludonka on the border with Latvia. https://splash247.com/ukrainian-seafarers-face-being-barred-from-russian-waters/
10. World’s first LNG-fuelled panamax commences operation The world’s first LNG-fuelled panamax bulk carrier has started operating. The coal carrier, owned by Nippon Yusen Kaisha (NYK) and on charter to Kyushu Electric Power (Kyuden), was built at Oshima Shipyard and is called Shoyo. The ship’s first LNG bunkering took place yesterday. https://splash247.com/worlds-first-lng-fuelled-panamax-commences-operation/