InterManager Daily News 14.11.2023.

1. Exmar returns to offshore drilling with Vantage stake Belgium’s Exmar has made its return to the offshore drilling sector with a stake in the Houston-headquartered rig owner and operator Vantage Drilling.The Nicolas Saverys-controlled gas shipowner and infrastructure provider has revealed an 11.5% ownership interest in the OTC-listed business, marking its re-entry into the sector after more than two decades.
2. Monjasa buys Panamax as floating storage in double tanker acquisition for West Africa Global oil and shipping group, Monjasa, remains active in the market for second-hand tonnage following the acquisitions of three tankers earlier this year. Today, Monjasa reveals additional ownership of the two tankers, Monjasa Leader (68,589-dwt) and Monjasa Refiner (13,051-dwt) for floating storage and bunker operations in West Africa.
3. INTERCARGO statement on KMAX Ruler attack INTERCARGO was deeply saddened and concerned to hear of the reported appalling missile attack on the 91,900dwt bulk carrier KMAX Ruler in the port of Odesa, which led to the death of a pilot and injury to four crew members onboard. It is a stark reminder of the fragility of maritime safety and security and this act of aggression, capable of inflicting loss of innocent lives, must be vehemently condemned.
4. Hapag-Lloyd with decrease in earnings in first nine months of 2023 Hapag-Lloyd has concluded the first nine months of 2023 with a Group EBITDA of USD 4.5 billion (EUR 4.2 billion) and a Group EBIT of USD 3.0 billion (EUR 2.8 billion). The Group profit stood at USD 3.4 billion (EUR 3.2 billion). These results are significantly below the prior-year level due to the severe change in market conditions. With the further expansion of its terminal business, the Hapag-Lloyd Group’s business activities have also been split for the first time into Liner Shipping and Terminal & Infrastructure segments.
5. 54% Container Logistics Pros do not believe shifting container production Away from China will ease supply chain woes The global shipping industry is currently grappling with a complex challenge that revolves around a crucial element – shipping containers. The real issue at hand is not the geographical concentration of container production but rather the efficient positioning of the global container pool.
6. The Hong Kong Convention – will it be a game changer? Rhe Hong Kong Convention will finally enter into force in 2025, but what does that mean in practice? How will ship recycling practices be impacted, and what will a key recycling nation like Pakistan do? Gard’s Special Adviser Kim Jefferies spoke with Herman Steen, Partner at Wikborg Rein, to get some answers.The IMO adopted the Hong Kong Conventionfor the Safe and Environmentally Sound Recycling of Ships in 2009.
7. Capital Product Partners shifts focus on LNG in $3.1bn deal for 11 newbuilds Greek owner Capital Product Partners has entered into an umbrella agreement with Capital Maritime and Capital GP for the acquisition of 11 newbuild LNG carriers from the Evangelos Marinakis-led company for a total acquisition price of $3.13bn.
8. Petro Services and Ocean Installer team up for TotalEnergies contract off Angola Marine construction contractor Ocean Installer has secured work from TotalEnergies and its Block 17 partners on the Pazflor FPSO offshore Angola. As part of the deal, Ocean Installer will as the main subcontractor to West Africa and Middle East-focussed OSV operator Petro Services carry out umbilical recovery and reinstallation scope on the FPSO later this year.
9. Understanding Vessel Operations, Sonar, and Whale Safety The grace of an enormous whale captures the attention of nearly everyone who’s ever seen one. These incredible creatures are the focus of tourist industries around the world and have captured the hearts of children and adults alike. Unfortunately, most marine mammal populations are fragile.
10. Philippines To Continue South China Sea Supply Missions Despite Chinese Boats The Philippines’ coast guard said on Saturday it would maintain its regular supply missions to troops stationed on a disputed atoll in the South China Sea even though it expects more Chinese vessels to be sent to the area. The Philippines regularly sends supplies to a handful of troops living aboard an aging warship that was deliberately run aground on the Second Thomas Shoal in 1999 to assert Manila’s sovereignty claims over the atoll.


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