InterManager Daily News 03.01.2024.

1. Red Sea shipping workarounds add costs, delays for suppliers, retailers Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart (NYSE:WMT) and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea. https://cyprusshippingnews.com/2024/01/02/red-sea-shipping-workarounds-add-costs-delays-for-suppliers-retailers/
2. Attack on ship off India’s west coast can raise war risk premiums as security tightens India has deployed missile destroyers in the Arabian Sea following the drone attack on a chemicals tanker off its west coast as market participants cautioned Dec. 26 that previously-stable war risk premiums could potentially rise. https://cyprusshippingnews.com/2024/01/02/attack-on-ship-off-indias-west-coast-can-raise-war-risk-premiums-as-security-tightens/
3. Shipping firms take first steps towards Red Sea return France’s CMA CGM is increasing the number of vessels travelling through the Suez Canal, it said on Tuesday, joining Maersk MAERSKb.CO in returning to the area after U.S.-led efforts to prevent attacks. https://cyprusshippingnews.com/2024/01/02/shipping-firms-take-first-steps-towards-red-sea-return/
4. Maersk schedules dozens of vessels to travel via Suez Canal Denmark’s Maersk MAERSKb.CO has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on Wednesday, in a further sign that global shipping firms are returning to the route. https://cyprusshippingnews.com/2024/01/02/maersk-schedules-dozens-of-vessels-to-travel-via-suez-canal/
5. European delivered LNG imports in Dec at 10.36 million mt Europe’s delivered imports of LNG in December were at 10.36 million mt as of Dec. 27, according to S&P Global Commodity Insights data, or around 94% of the November level, which was the highest since May. https://cyprusshippingnews.com/2024/01/02/european-delivered-lng-imports-in-dec-at-10-36-million-mt/
6. Shipping starts shelling out for EU Allowances The largest regional green regulations in the history of shipping came into effect yesterday with the industry included in the European Union’s emissions trading system ( EUETS), a market-based measure that sets a cap on allowed emissions. https://splash247.com/shipping-starts-shelling-out-for-eu-allowances/
7. Ethiopia eyes Berbera as primary port Landlocked Ethiopia is looking at Berbera rather than Djibouti as its primary port for exports and imports. Abiy Ahmed, the country’s prime minister, yesterday signed a memorandum of understanding with Somalia’s breakaway region of Somaliland to use its Red Sea port of Berbera. https://splash247.com/ethiopia-eyes-berbera-as-primary-port/
8. US Treasury Targets Houthi Money Networks Behind Maritime Threats in the Red Sea On Thursday the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced action against financial networks aiding the Houthi forces in Yemen. This aims to choke off funding to help safeguard international shipping lanes in the Red Sea and the Gulf of Aden, which have been threatened by the Houthis’ increasing aggression. https://gcaptain.com/us-treasury-targets-houthi-money-networks-red-sea/
9. Iranian Navy Frigate Enters Red Sea As Tensions Escalate Elwelly (Reuters) – Iran’s Alborz warshiphas entered the Red Sea, the semi-official Tasnim news agency reported on Monday, at a time of soaring tensions on the key shipping route amid the Israel-Hamas war and attacks on vessels by forces allied to Tehran. https://gcaptain.com/iran-frigate-enters-red-sea/
10. Pro-Palestinians block Zim ship with Melbourne Kayaks PRO-PALESTINIAN Australians took to the waters in kayaks to block Zim containership as it was arriving in Melbourne, reported Fort Lauderdale’s Maritime Executive.The same group has been disrupting port activities since November claiming that they were interrupting shipments heading to Israel. https://www.shippingtribune.com/news/shipping/Pro-Palestinians+block+Zim+ship+with+Melbourne+Kayaks