InterManager Daily News 18.12.2023.

1. Cypriot President of the European Community Shipowners’ Associations successfully completes term of office The Chamber’s President and Director General, Messrs. Themis Papadopoulos and Thomas Kazakos, participated as part of the Cyprus delegation, at the Annual General Assembly and Board of Directors Meeting of the European Shipowners’ Community Associations (ECSA), which took place in Brussels, on 14 December 2023, under the presidency of the Cypriot shipowner, Mr. Philippos Philis, discussing current issues that concern European Shipping. https://cyprusshippingnews.com/2023/12/16/cypriot-president-of-the-european-community-shipowners-associations-successfully-completes-term-of-office/
2. Bernhard Schulte orders its first CO2 tanker Bernhard Schulte expands its fleet portfolio and announces today the order of its first CO2 tanker. The newbuilding will be constructed at Dalian Shipbuilding Offshore and will feature innovative technologies significantly reducing its carbon footprint. It is planned for delivery in 2026. The newbuilding is committed to a long-term time charter agreement with Northern Lights and will support the development of the world’s first cross-border CO2 transport and storage infrastructure.https://cyprusshippingnews.com/2023/12/15/bernhard-schulte-orders-its-first-co2-tanker/
3. How Venezuelan invasion of Guyana could impact tanker shipping Shipping already faces fallout from two wars: trade shifts due to Russia’s invasion of Ukraine and vessel attacks off Yemen in the wake of the Israel-Hamas conflict.Could there be a third simultaneous war — and even more trade complications for shipping?Venezuela is threatening to invade Guyana and annex Guyana’s oil-rich Essequibo region, claiming the jungle territory and its offshore areas were stolen from Venezuela in 1899. Essequibo comprises around two-thirds of Guyana. https://cyprusshippingnews.com/2023/12/15/how-venezuelan-invasion-of-guyana-could-impact-tanker-shipping/
4. The Gaza conflict The recent eruption of hostilities and atrocities directed at Israel unleashed not only an Israeli response but also a wave of concern about regional contagion. Behind that lay the practical concerns for the aspects that touched on the supply chain actors. https://cyprusshippingnews.com/2023/12/15/the-gaza-conflict/
5. Flat tanker fleet to support rates The recent eruption of hostilities and atrocities directed at Israel unleashed not only an Israeli response but also a wave of concern about regional contagion. Behind that lay the practical concerns for the aspects that touched on the supply chain actors. https://cyprusshippingnews.com/2023/12/15/the-gaza-conflict/
6. BIMCO Shipping Number of the Week “Congestion for ships loading grain cargoes at Brazilian ports has surged this year due to large harvests and low water levels in the Amazon River. Between January and November, the average waiting time reached 15 days, up from nine days average between 2018 and 2022 and well above the global average of five days for grain loadings in 2023,” says Filipe Gouveia, Shipping Analyst at BIMCO. https://cyprusshippingnews.com/2023/12/15/bimco-shipping-number-of-the-week-21/
7. Red Sea traffic comes to a halt for many seeking naval assistance Shipping is in crisis with its two most famous canals crippled, one by the climate crisis and the other by war.Maersk and other containerlines said they are putting all ships on hold from transiting through the Red Sea after vessels have been attacked by the Houthis in Yemen, who have entered the war Israel is waging in the Gaza Strip. https://splash247.com/red-sea-traffic-comes-to-a-halt-for-many-seeking-naval-assistance
8. COP28 ensures IMO shines Who better than Dr Tristan Smith from UCL Energy Institute to reflect on the key takeaways from the UN’s green gathering in Dubai?My two takeaways from COP28 are: what a relief that the International Maritime Organization (IMO) makes decisions by consensus and can invoke decision making by voting, and that COP continues to grow as a ‘world’s fair’ for shipping decarbonisation. https://splash247.com/cop28-ensures-imo-shines/
9. EU Shipping And US Naval Leaders Are Estranged Despite NATO Budget Boost Amid escalating tensions in the Red Sea, marked by attacks on European-owned vessels, and ongoing war in the Black Sea, NATO has responded with a notable escalation in its budgetary commitments for 2024. The military budget is slated for a 12% increase, reaching 2.03 billion euros, and the civil budget is set to witness an 18.2% rise, amounting to 438.1 million euros. Concurrently, European maritime leaders have been vocal in their demands for increased naval protection for shipping routes. But who will pay for this protection and how will it be organized? https://gcaptain.com/eu-shipping-and-us-naval-leaders-are-estranged-despite-nato-budget-boost/
10. OSG Announces Engine Upgrades for Alaskan Tanker Fleet OSG, a leading energy transportation provider, has unveiled its plans for a comprehensive lifecycle engine upgrade (LCU) program for its Alaskan tanker fleet.The company has entered into a contract with MAN Energy Solutions SE to implement the program for all four US-flagged Alaskan class vessels, namely the Alaskan Explorer, Alaskan Frontier, Alaskan Legend, and Alaskan Navigator. https://gcaptain.com/osg-announces-engine-upgrades-for-alaskan-tanker-fleet/