InterManager Daily News 13.12.2023.

1. Seaspan Corporation enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels Seaspan Corporation (Seaspan), the world-leading owner and operator of containerships, continues quality growth through the 10,800 CEU dual-fuel LNG, with ammonia and methanol ready, Pure Car and Truck Carrier (PCTC) newbuild program in partnership with a market-leading car carrier, Hyundai Glovis (Glovis). https://cyprusshippingnews.com/2023/12/11/seaspan-corporation-enters-new-market-segment-with-strategic-order-of-new-dual-fuel-lng-pure-car-and-truck-carrier-vessels/
2. CSC at the International Chamber of Shipping Flagship Shipping Summit held during COP28 The Cyprus Shipping Chamber, participated at the flagship maritime event organised by the International Chamber of Shipping (ICS) in partnership with the Emirates Shipping Association, “Shaping the Future of Shipping: Delivering a Net Zero World Summit”, held in Dubai. The Summit was part of the COP28 Presidency programme and hosted under the patronage of the UAE Ministry of Energy and Infrastructure. https://cyprusshippingnews.com/2023/12/11/csc-at-the-international-chamber-of-shipping-flagship-shipping-summit-held-during-cop28/
3. The Shipping Deputy Minister of Cyprus Marina Hadjimanolis travels to Dubai in the framework of the COP28 The Shipping Deputy Minister Marina Hadjimanolis, travelled to Dubai on 8 December 2023, to speak at the “Shaping the Future of Shipping” Summit, following an official invitation by the International Chamber of Shipping and the Emirates Shipping Association. The Summit is taking place in the framework of the United Nations Climate Change Conference and is organized by the International Chamber of Shipping under the patronage of the United Arab Emirates Ministry of Energy and Infrastructure. https://cyprusshippingnews.com/2023/12/09/the-shipping-deputy-minister-of-cyprus-marina-hadjimanolis-travels-to-dubai-in-the-framework-of-the-cop28/
4. Delivering net zero by 2050: The Cornerstones of Effective IMO Climate Regulations To deliver on the goal of net zero emissions for shipping by 2050, IMO greenhouse gas regulations must rest on solid foundations. Liner shipping is committed to decarbonising quickly and efficiently, and to support this process the World Shipping Council (WSC) has today published its first contribution to negotiations at IMO MEPC 81, with a paper outlining four cornerstones critical to an effective IMO GHG agreement. https://cyprusshippingnews.com/2023/12/11/119048/
5. Barclays cautious on container shipping as oversupply bites Barclays sees a “dawn of a new annus horribilis” for the global container shipping industry, expecting the market to enter a period of “significant” losses in 2024-2025 The brokerage expects oversupply to widen further in 2024, which it says will create a challenging backdrop together with muted demand, forecasting losses at EBITDA level https://cyprusshippingnews.com/2023/12/11/barclays-cautious-on-container-shipping-as-oversupply-bites/
6. MSC’s vintage boxship fleet in the spotlight Mediterranean Shipping Co (MSC), the world’s largest containerline, has many records to its name, including the largest orderbook, but also paradoxically the oldest fleet among the top 15 carriers. According to data from Linerlytica, the Soren Toft-led line has a fleet with an average age of 16.8 years, while Maersk has the oldest fleet on teu-weighted terms at 12.8 years. https://splash247.com/mscs-vintage-boxship-fleet-in-the-spotlight/
7. Houthis fire cruise missile at Norwegian chemical tanker A Norwegian-owned chemical tanker was struck by a cruise missile yesterday while passing through the Bab-el-Mandeb strait.US Central Command identified the ship as the Strinda, reporting the ship suffered a fire onboard, but no crew were injured. The US military said the Houthis were responsible for the attack on the Norwegian-flagged ship which was heading from Singapore to Italy. https://splash247.com/houthis-fire-cruise-missile-at-norwegian-chemical-tanker/
8. Shell opts out of Northern Ocean rig John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, announced that Shell will not be keeping the 2019-built rig Deepsea Bollsta after its contract expires in June next year. https://splash247.com/shell-opts-out-of-northern-ocean-rig/
9. Storm in China Should Serve as Wakeup Call for Climate Risk As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days. The storm, supercharged by the warm July waters of the Pacific, delivered Beijing’s worst flooding in more than 50 years, shuttering factories, ruining crops, collapsing homes and displacing tens of thousands of people. China’s losses from natural disasters in July and August stood at an estimated $10 billion. https://gcaptain.com/storm-in-china-should-serve-as-wakeup-call-for-climate-risk/
10. Baltic index snaps 4-day losing streak on firm capesize rates The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as firm capesize vessel rates snapped a four-session long losing streak.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 26 points, or 1.1%, at 2,509. https://www.shippingtribune.com/news/shipping/Baltic+index+snaps+4-day+losing+streak+on+firm+capesize+rates