InterManager Daily News 20.10.2023.

1. Inditex partners with Maersk to reduce its maritime transport emissions Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with the freight group Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier. Through the ECO Delivery Ocean programme, Maersk replaces fossil fuels on its ships with green fuels* like green methanol or second generation biodiesel based on waste feedstocks. This is expected to deliver an estimated reduction of more than 80% in GHG emissions per litre compared to conventional sources. https://cyprusshippingnews.com/2023/10/19/inditex-partners-with-maersk-to-reduce-its-maritime-transport-emissions/
2. Berge Bulk unveils the world’s most powerful sailing cargo ship Berge Bulk, one the world’s leading dry bulk ship owners, launches its Newcastlemax bulker, Berge Olympus, with four retrofitted BARTech WindWings by Yara Marine Technologies. The WindWings installation is part of Berge Bulk’s ambition to become carbon neutral by 2025 and marks the Berge Olympus as the world’s most powerful sailing cargo ship. https://cyprusshippingnews.com/2023/10/19/berge-bulk-unveils-the-worlds-most-powerful-sailing-cargo-ship/
3. Seas of sustainability As global industries navigate the complexities of carbon, ammonia, and hydrogen value chains, shipping is engaging as a critical facilitator and enabler of the global green energy revolution. As a transporter of future fuels, shipping is fundamentally supporting the transition of the world’s energy transition. https://cyprusshippingnews.com/2023/10/19/seas-of-sustainability/
4. Singapore September bunker sales steady at 4.26 mln tons Singapore’s marine fuel sales, also known as bunker sales, were steady in September month-on-month as vessel calls and container throughput were little changed, official data showed on Monday. Sales in September totalled 4.26 million metric tons, up 0.2% from prior month and 7.7% higher year-on-year, latest data from the Maritime and Port Authority (MPA) showed. https://cyprusshippingnews.com/2023/10/19/113985/
5. Eagle LNG took delivery of its first LNG carrier, the Coral Favia, from Anthony Veder Eagle LNG took delivery of its first LNG carrier, the Coral Favia, from Anthony Veder. The 10,000 cubic meter LNG supply vessel is the first of a planned fleet from Eagle LNG offering LNG supply and bunker services for the Caribbean basin. The arrival of the LNG supply vessel marks the beginning of a partnership between two long-time pioneers in the small-scale LNG bunkering and export industry. https://cyprusshippingnews.com/2023/10/19/eagle-lng-took-delivery-of-its-first-lng-carrier-the-coral-favia-from-anthony-veder/
6. Putin seeks international investment for Arctic shipping during visit to Beijing Attending China’s Belt and Road infrastructure forum in Beijing yesterday, Russian president Vladimir Putin sought international investment to develop the Northern Sea Route (NSR). “We invite interested states to participate directly in its development, and we are ready to provide reliable icebreaker navigation, communication and supply,” Putin said. https://splash247.com/putin-seeks-international-investment-for-arctic-shipping-during-visit-to-beijing/
7. MOL makes significant stride in developing hydrogen-powered ships Japanese shipowner Mitsui OSK Lines (MOL), along with yards Onomichi Dockyard, Kawasaki Heavy Industries and Japan Engine Corporation (J-ENG) have conducted a risk assessment of a multipurpose vessel powered by hydrogen, which has been granted approval in principle (AiP) for the ship’s parcel layout concept from Nippon Kaiji Kyokai (ClassNK). https://splash247.com/mol-makes-significant-stride-in-developing-hydrogen-powered-ships/
8. Transocean Adds $745 Million to Contract Backlog The new contracts were revealed in the company’s quarterly fleet status report. They include a 21-month contract for the Dhirubhai Deepwater KG1 in India at a dayrate of $347,500; a three-year contract for the Deepwater Aquila in Brazil at a dayrate of $448,000; a 60-day extension for the Dhirubhai Deepwater KG1 in India at a dayrate of $348,000; and a 20-day contract for the Deepwater Invictus in the U.S. Gulf of Mexico at a dayrate of $440,000. https://gcaptain.com/transocean-adds-745-million-to-contract-backlog/
9. U.S. Easing Venezuela Oil Sanctions U.S. President Joe Biden’s administration is easing sanctionson Venezuela’s oil and gas sector almost immediately in response to a 2024 election deal reached between the Venezuelan government and the country’s opposition, a senior U.S. State Department official told Reuters on Wednesday. https://gcaptain.com/u-s-easing-venezuela-oil-sanctions/
10. Capesize order book slips to 5% of fleet as contracting falls At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a young fleet are keeping the order book small. https://www.shippingtribune.com/news/shipping/Capesize+order+book+slips+to+5%25+of+fleet+as+contracting+falls