InterManager Daily News 15.11.2023.

1. Shipping’s exposure to EU emissions scheme The inclusion of shipping in the European Union Emissions Trading System (EU ETS) is a significant step towards reducing global greenhouse gas emissions. However, it comes with myriad of challenges, from administrative complexities to financial exposure. Operators in the shipping sector need to be proactive to understand market dynamics, regional regulation and supply-demand intricacies.
2. S&P Global Market Intelligence Applauds Bipartisan Legislation to Increase Transparency of Shipping Manifests S&P Global Market Intelligence announced its support for the Manifest Modernization Act introduced by Senators Sheldon Whitehouse and Bill Cassidy, M.D. The bipartisan bill would bring needed transparency to shipping manifests by extending disclosure requirements to additional modes of transportation.
3. Association of Average Adjusters specialist offers crucial guidance Securing an equitable share-out of the proceeds – often millions of dollars – of third-party recoveries following marine casualties demands exceptional care, practitioners were reminded at a market briefing in London.
4. DP World’s £56M crane investment marks a decade of success at London gateway DP World received four new state-of-the-art automated stacking cranes at London Gateway, as it continues to invest in vital infrastructure to support the UK’s supply chain. The latest investment, totalling £56 million, coincides with the celebration of London Gateway’s tenth anniversary, marking a decade of growth and technological advancements in the UK’s port industry.
5. IUMI publishes annual Stats report indicating positive growth for marine insurers The International Union of Marine Insurance has, released its 2023 analysis of the global marine insurance market – the IUMI Stats Report. This annual document reports on the health of the marine insurance sector within the framework of the global economy, trade and shipping. Data is gathered from a number of agencies including IUMI’s own sources and is analysed and presented with some additional commentary.
6. It’s time to bunker down on AI Marine bunkering – the act of refuelling large ships in either port or at sea – is one of the fundamental anchors of the maritime world. Already valued at $150.7bn globally, the bunker fuel market is projected to exceed $216bn in the next five years.
7. Capital Product Partners shifts focus to 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. End of an Era: Navy’s Historic Nuclear Support Barge Decommissioned After 50 Years In a significant milestone, the decommissioning of the Navy’s radiologically impacted Surface Ship Support Barge (SSSB) has been completed at the Alabama Shipyard, near Mobile, Alabama. The SSSB played a vital role in supporting the maintenance operations of nuclear-powered aircraft carriers and cruisers of the U.S. Navy for over 50 years.
9. DP World Australia Back Online After Cyber Attack DP World Australia, one of the country’s largest ports operators, said on Monday operations had resumed at all its facilities after a cyber security incident forced it to suspend operations for three days. The breach had crippled operations at the company, which manages about 40% of the goods that flow in and out of Australia, affecting its container terminals in Melbourne, Sydney, Brisbane and Western Australia’s Fremantle.
10. US-Adani deal for Sri Lanka port heats up race with China The US International Development Finance Corporation’s (DFC) announcement of a $553 million investment in the West Container Terminal of Colombo port was not unexpected.The port is being built by a joint venture between Adani Ports, local partner John Keells Holdings PLC, and the Sri Lanka Port Authority.


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