InterManager Daily News 12.12.2023.

1. Early movers crucial in closing $200 per container cost gap for zero emissions shipping in green corridors A new report released today at the margins of COP28, details the annualised total costs of zero emission container vessels and the cost difference on a per container basis for transpacific and coastal ships under different fuel pathways. https://cyprusshippingnews.com/2023/12/08/early-movers-crucial-in-closing-200-per-container-cost-gap-for-zero-emissions-shipping-in-green-corridors/
2. Weaker vessel rates push Baltic index lower The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest level in a week on Wednesday, weighed down by lower rates across all vessel segments. https://cyprusshippingnews.com/2023/12/08/weaker-vessel-rates-push-baltic-index-lower/
3. Multipurpose Time Charter Index higher than initial forecast says Drewry 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/2023/12/08/multipurpose-time-charter-index-higher-than-initial-forecast-says-drewry/
4. New £4.2 million investment at the Port of Hull Associated British Ports has invested £4.2 million in a new Liebherr LHM 420 mobile harbour crane for the Port of Hull. The new crane arrived on the MV Meri at King George V Dock where it was discharged by operations teams from ABP and Liebherr. https://cyprusshippingnews.com/2023/12/08/new-4-2-million-investment-at-the-port-of-hull/
5. The Board of Directors of the Valencia Port approves the specifications for the operation of the nautical-sports facilities in La Marina The Port Authority of València has held this morning the second meeting of its Board of Directors after the arrival of Mar Chao to the presidency of the port agency. The meeting approved the specifications and the General and Particular Conditions of the “public tender for the adaptation and operation, under administrative concession, of the nautical-sports facilities in the northern area of the Port of València”. https://cyprusshippingnews.com/2023/12/08/the-board-of-directors-of-the-pav-approves-the-specifications-for-the-operation-of-the-nautical-sports-facilities-in-la-marina/
6. Liner shipping outlines its four greenhouse gas ‘cornerstones’ The World Shipping Council (WSC), liner shipping’s lobby group, has taken on the rallying call made at COP28 a week ago by some of its largest members and sent the International Maritime Organization (IMO) a paper outlining its four “cornerstones” critical to an effective IMO greenhouse gas agreement. https://splash247.com/liner-shipping-outlines-its-four-greenhouse-gas-cornerstones/
7. US focuses on reducing Houthi threat in the Red Sea As well as discussing the idea of a naval coalition with allies, the US is looking to turn the cash taps off for the Houthi militants creating trouble for merchant shipping in the Red Sea in recent weeks. https://splash247.com/us-focuses-on-reducing-houthi-threat-in-the-red-sea/
8. Coast Guard Issues Safety Alert on Shipboard Crane Wire Rope Hazards In response to a recent accident involving a shipboard crane, the U.S. Coast Guard has issued a marine safety alerthighlighting the hazards associated with shipboard crane wire ropes. https://gcaptain.com/coast-guard-issues-safety-alert-on-shipboard-crane-wire-rope-hazards
9. Venezuela’s Border Dispute with Guyana Explained Tensions between neighbors Venezuela and Guyana have ratcheted up in recent weeks over a long-running territorial dispute. At issue is a 160,000-square-km (62,000-square-mile) border territory around the Esequibo river, which is mostly jungle, and an offshore area where massive discoveries of oil and gas have been made.https://gcaptain.com/venezuelas-border-dispute-with-guyana-explained/
10. MOL: Announcement of a joint statement with Maersk on decarbonization in the Shipping Industry Mitsui O.S.K. Lines, Ltd. (President: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo, hereinafter referred to as “MOL”) participated in the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) held in Dubai, UAE from November 30 to December 12, 2023. MOL exhibited the Next-Generation Wind Powered Vessel WIND CHALLENGER and the ultimate zero-emissions seagoing vessel Wind Hunter at the Japan Pavilion hosted by the Ministry of the Environment (note1). https://www.shippingtribune.com/news/shipping/MOL%3A+Announcement+of+a+joint+statement+with+Maersk+on+decarbonization+in+the+Shipping+Industry