InterManager Daily News 05.01.2024.

1. Inchcape Shipping Services successfully invests in a major share of Leth Suez Transit Global shipping leader Inchcape Shipping Services is proud to announce the successful investment in a major share of Leth Suez Transit Ltd AS (LETH). This strategic move marks an exciting development in the shipping industry, further solidifying Inchcape’s commitment to innovation and progress. https://cyprusshippingnews.com/2024/01/04/inchcape-shipping-services-successfully-invests-in-a-major-share-of-leth-suez-transit/
2. Shipping companies shine as continued Red Sea attacks aid hopes for higher rates Shares in shipping companies Maersk, Hapag-Lloyd and Frontline rise more than 3-4% as attacks on vessels in the Red Sea continue, liftinginvestors’ hopes for higher freightrates Despite recent Houthi attacks, Maersk continues to schedule Suez Canal journeys for over 30 vessels, while also placing some Red Sea routes on hold. https://cyprusshippingnews.com/2024/01/04/shipping-companies-shine-as-continued-red-sea-attacks-aid-hopes-for-higher-rates/
3. China to retain lead in global shipbuilding China will retain its lead in the global shipbuilding market this year, and this trend is expected to persist into 2024, market watchers and shipbuilders said. With robust growth in both new orders as well as output this year, Chinese shipyards have demonstrated greater innovation, productivity and supply chain advantages compared to foreign rivals, they added. https://cyprusshippingnews.com/2024/01/04/china-to-retain-lead-in-global-shipbuilding/
4. Asia Fuel Oil-Markets kick off new year on stronger note Asia’s fuel oil markets started the first trading day of 2024 on a stronger note, with backwardation firming from last week. Prompt intermonth spreads for all key fuel oil grades widened from the previous week, data from trade sources showed. https://cyprusshippingnews.com/2024/01/04/asia-fuel-oil-markets-kick-off-new-year-on-stronger-note/
5. MAN Energy Solutions wins major compressor revamp order Order covers re-bundling of three compressors for important Equinor Troll A platform; replaces units from other OEM Equinor Energy AS has commissioned MAN Energy Solutions to provide a total of three compressor bundles – and an additional two spare units – as replacements for ones from another OEM (Original Equipment Manufacturer). The bundles will be implemented within existing outer casings on the Troll A platform, one of three platforms operating in the Troll field. https://cyprusshippingnews.com/2024/01/04/man-energy-solutions-wins-major-compressor-revamp-order/
6. Green Technology Tracker: 45% of all newbuild orders placed in 2023 alternative fuel capable Clarksons Research have released their latest Green Technology Tracker, including full year 2023 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet. https://cyprusshippingnews.com/2024/01/04/green-technology-tracker-45-of-all-newbuild-orders-placed-in-2023-alternative-fuel-capable/
7. Military action against land-based targets in Yemen moves a step closer A coalition is moving closer to taking military action against land-based targets in Yemen after more than 20 merchant ships have been targeted in recent weeks in the waters of the southern Red Sea. https://splash247.com/military-action-against-land-based-targets-in-yemen-moves-a-step-closer/
8. The shipping news you might have missed over the past fortnight December 18 was the last issue of Daily Splash, our free newsletter. In the intervening 17 days, the Splash editorial team has been updating the site regularly with the shipping news agenda showing no signs of slowing down during the festive season. Key maritime developments you might have missed over the past couple of weeks are detailed below. https://splash247.com/the-shipping-news-you-might-have-missed-over-the-past-fortnight/
9. Collision Between Containership and Fishing Vessel Highlights Lack of Proper Lookout A fishing vessel mate’s failure to maintain a proper lookout and conducting maintenance on critical equipment while underway led to his vessel’s collision with a containership, the National Transportation Safety Board said Wednesday. https://gcaptain.com/msc-rita-collision-report-ntsb/
10. Green shipping corridors gaining momentum The powerful diesel engine roars as the water taxi cuts through the choppy water that connects Rotterdam’s gritty port areas to what remains of the city’s historic maritime grandeur. As the yellow speedboat docks in front of the glamorous Hotel New York, the city’s global shipping heritage is there for all to see. https://www.shippingtribune.com/news/shipping/Green+shipping+corridors+gaining+momentum