InterManager Daily News 14.12.2023.

1. India’s Russian oil imports seen rising on lower prices Easing global oil prices would help India boost imports from Russia, a senior government official said on Friday, as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships. https://cyprusshippingnews.com/2023/12/12/indias-russian-oil-imports-seen-rising-on-lower-prices/
2. America’s energy boom – Crude exports soar to record high As diplomats convene at the United Nations’ COP 28 climate change summit, fossil fuel production and consumption are hitting new highs, and tanker owners are in prime position to profit from rising trade flows. https://cyprusshippingnews.com/2023/12/12/americas-energy-boom-crude-exports-soar-to-record-high/
3. Shipping seeks safe waters in era of deadly geopolitics As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at night, making it one of the most challenging sea areas of the world to transit, even during peacetime. https://cyprusshippingnews.com/2023/12/12/shipping-seeks-safe-waters-in-era-of-deadly-geopolitics/
4. Container rates could rise by $450/TEU for zero-emission shipping according to UMAS Container lines may need to hike freight rates by up to $450/TEU in deepsea trade to cover additional expenses arising from decarbonizing their maritime operations with low-carbon fuels, according to a study by consultancy UMAS published Dec. 7. https://cyprusshippingnews.com/2023/12/12/container-rates-could-rise-by-450-teu-for-zero-emission-shipping-according-to-umas/
5. Chinese shipbuilders adopt green tech for orders The International Maritime Organization has set a goal for net-zero emissions in the shipping industry by 2050. China, being a major shipping nation, is rapidly progressing towards this objective. Wu Bin reports.https://cyprusshippingnews.com/2023/12/12/chinese-shipbuilders-adopt-green-tech-for-orders/
6. A global comparison of national shipping emissions and green shipping measures In the context of COP28, the question of national, economy-wide climate action is again in the spotlight. Yet while shipping is clearly a fundamental part of national economies, most national climate plans given to the UNFCCC still do not include action on each country’s share of shipping emissions. Meanwhile, as the EU’s climate laws have shown, regional and national policy is key to chart a course for sustainable shipping worldwide. https://cyprusshippingnews.com/2023/12/12/a-global-comparison-of-national-shipping-emissions-and-green-shipping-measures/
7. Jinhui continues clearout of older supramaxes Chinese bulker operator Jinhui Shipping and Transportation has sold another veteran supramax as it eyes younger tonnage.The Oslo- and Hong Kong-listed firm has offloaded the 52,050 dwt Jin Sheng to Uniglory Shipping for about $10.4m. https://splash247.com/jinhui-continues-clearout-of-older-supramaxes/
8. Tristar orders electric hybrid bunker vessel Chinese bulker operator Jinhui Shipping and Transportation has sold another veteran supramax as it eyes younger tonnage. The Oslo- and Hong Kong-listed firm has offloaded the 52,050 dwt Jin Sheng to Uniglory Shipping for about $10.4m. The 2006 IHI-built ship which Jinhui purchased for $40.4m in 2006, is expected to change hands by January 25, 2024. https://splash247.com/jinhui-continues-clearout-of-older-supramaxes/
9. New Details Emerge on MT Strinda Missile Attack: French Navy Downs Drone The French Navy has released new details about a missile attack on the Norwegian chemical tanker MT Strinda that occurred in the Bam-el-Mandem Strait. According to the Navy’s statement, the FREMM Languedoc was patrolling the area when it “intercepted and destroyed” a drone that posed a “direct threat” to the Strinda. Afterwards, the frigate “placed itself in protection” of the Strinda and thwarted “an attempt to hijack the ship.” https://gcaptain.com/french-navy-shot-down-drone-mt-strinda/
10. Attack on Norwegian Chemical Tanker Underscores Houthi Threat to Red Sea Shipping Yemen’s Houthis said on Tuesday they hit a Norwegian commercial tanker with a missile in their latest protest against Israel’s bombardment of Gaza, underlining the risks of a conflict that has shaken the Middle East. https://gcaptain.com/attack-on-norwegian-chemical-tanker-underscores-houthi-threat-to-red-sea-shipping/