InterManager Daily News 13.11.2023.

1. Singapore Maritime Institute sparks R&D stakeholders to accelerate maritime decarbonisation towards a net zero future More than 200 participants from the maritime industry, academia, students and government agencies took part in the annual Singapore Maritime Institute (SMI) Forum today to share and discuss the latest research and development (R&D) advancements in maritime decarbonisation technologies. https://cyprusshippingnews.com/2023/11/10/singapore-maritime-institute-sparks-rd-stakeholders-to-accelerate-maritime-decarbonisation-towards-a-net-zero-future/
2. Multipurpose Time Charter Index over performs forecasts The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include breakbulk and project cargo ships. https://cyprusshippingnews.com/2023/11/10/multipurpose-time-charter-index-over-performs-forecasts/
3. Watson Farley & Williams advises on sale of insurance broker Triton Marine to Howden Hellas Howden Hellas and Howden Cyprus is the largest insurance & reinsurance broker in both Greece and Cyprus, with 20 years of establishment and more than 190 executives, 2500 large corporate clients, five offices in Athens, Thessaloniki, Ioannina, Heraklion (Crete) and Nicosia, are part of the Howden Broking Group. https://cyprusshippingnews.com/2023/11/10/watson-farley-williams-advises-on-sale-of-insurance-broker-triton-marine-to-howden-hellas/
4. The Port of Valencia’s export freight rates stabilise their evolution in October Los Export freight rates from the Port of València have stabilised and in the last month recorded a decrease of -0.26%, -the most moderate fall since February 2022-. This is reflected in the València Containerised Freight Index (VCFI) – which measures the trend and evolution of the freight rates of the Valencian precinct – and which in the month of October stands at 1,183.66 points https://cyprusshippingnews.com/2023/11/10/the-port-of-valencias-export-freight-rates-stabilise-their-evolution-in-october/
5. Norvic brand relaunch highlights customer demand for ‘straight forward’ shipping services Cargo owners face daily logistical challenges, such as supply chain issues, a struggle to meet transportation needs when demand for tonnage outstrips supply, and tight timeframes for delivering goods. They also have to contend with issues beyond their control that can lead to delays including poor weather, port congestion, strike action, loss of containers, or incidents at sea ranging from collisions to groundings. https://cyprusshippingnews.com/2023/11/10/no-surprises-no-problems-norvic-brand-relaunch-highlights-customer-demand-for-straight-forward-shipping-services/
6. A new berth is being built in the port of Riga to increase military mobility Construction works are underway in Kundziņsala at the Baltic Container Terminal , the largest container terminal of the Port of Riga. The underwater works aimed at the construction of a new berth section have been completed. At the end of the project, the process of loading and unloading cargo at the terminal will be accelerated, increasing the terminal’s operational efficiency and commercial competitiveness. https://cyprusshippingnews.com/2023/11/10/a-new-berth-is-being-built-in-the-port-of-riga-to-increase-military-mobility/
7. Eastern Pacific Shipping lines up more orders for ammonia-powered newcastlemaxes Singapore’s Eastern Pacific Shipping (EPS) has signed up for more ammonia dual-fuel newcastlemax newbuilds in China. The Idan Ofer-controlled diversified shipowner has firmed up orders for three additional 210,000 dwt units at CSSC Qingdao Beihai Shipbuilding for delivery in 2027 and added four more optional vessels, taking its potential order tally at the yard to 10. https://splash247.com/eastern-pacific-shipping-lines-up-more-orders-for-ammonia-powered-newcastlemaxes/
8. Panama Canal queue grows 13% in the space of 24 hours The number of ships waiting to transit the Panama Canal has leapt by 13% in the space of just 24 hours as drastic transit cuts kick in at the drought-hit waterway that accounts for 3% of all global maritime trade. https://splash247.com/panama-canal-queue-grows-13-in-the-space-of-24-hours/
9. Japan-Led Navy Exercise Starts With Philippines Observing For First Time Japan’s navy on Saturday announced the start of a joint annual military exercise, with the Philippines observing the operations for the first time as the two countries seek closer maritime cooperation. https://gcaptain.com/japan-led-navy-exercise-starts-with-philippines-observing-for-first-time/
10. Cyber Attack Hits Australian Ports The Australian government said on Saturday that it was coordinating a response to a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states. A DP World Australia spokesperson told Reuters on Saturday that operations at impacted ports were not yet restored. A statement said the company was “working around the clock to restore normal operations safely” after the breach was detected late on Friday. https://gcaptain.com/cyber-attack-hits-australian-ports/