InterManager Daily News 11.01.2024.

1. Red Sea woes unlikely to dent Russia’s position as India’s top crude supplier Russia emerged as the biggest crude supplier to India in 2023, accounting for more than one-third of its imports, a trend that is likely to remain intact in early 2024 despite the recent Red Sea attacks escalating fears over diversions and higher shipping costs, analysts and trade sources told S&P Global Commodity Insights. https://cyprusshippingnews.com/2024/01/10/red-sea-woes-unlikely-to-dent-russias-position-as-indias-top-crude-supplier/
2. Greater focus should be placed on recruitment of seafarers and ensuring quality crews are going onboard, says crew change specialist Boers Crew Services Shipping companies and training centres should focus on bringing in the right people to the industry to ensure a wider pool of maritime professionals are remaining in their careers at sea, says Peter Smit, CEO of BCS Group – Boers Crew Services. https://cyprusshippingnews.com/2024/01/10/greater-focus-should-be-placed-on-recruitment-of-seafarers-and-ensuring-quality-crews-are-going-onboard-says-crew-change-specialist-boers-crew-services/
3. Maersk Tankers and Penfield Marine to create a tanker company with unique reach Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range of services. The combined company will manage around 240 vessels, including approximately 45 vessels owned by affiliated companies. https://cyprusshippingnews.com/2024/01/10/maersk-tankers-and-penfield-marine-to-create-a-tanker-company-with-unique-reach/
4. Two division directors appointed at Port of Long Beach The Long Beach Board of Harbor Commissioners on Monday approved the appointment of directors for the Port of Long Beach’s Program Management Division and the newly created Central Procurement Services Division. https://cyprusshippingnews.com/2024/01/10/two-division-directors-appointed-at-port-of-long-beach/
5. IMO Secretary-General announces new senior team The Secretary-General of the International Maritime Organization has announced his leadership team, one week after taking up his new position.Mr. Arsenio Dominguez, who took up office as the 10th elected Secretary-General of IMO on
1 January, named the Senior Management Committee members on 8 January https://cyprusshippingnews.com/2024/01/10/imo-secretary-general-announces-new-senior-team/
6. More than one boxship newbuild delivering every day this year Liner shipping has entered 2024 in unexpected rude health thanks to the massive diversions away from the Red Sea soaking up tremendous capacity and putting spot rates at highs not experienced ever before outside of the covid era. https://splash247.com/more-than-one-boxship-newbuild-delivering-every-day-this-year/
7. Houthis fire their greatest barrage of weapons to date in the ongoing Red Sea shipping crisis According to the US military the “complex attack” consisted of 18 attack drones, two anti-ship cruise missiles, and one anti-ship ballistic missile. They were all shot down through efforts of F/A-18 aircraft from the US aircraft carrier Dwight D. Eisenhower, three US destroyers and one British destroyer. According to US Central Command there were no reports of damage or injuries. https://splash247.com/houthis-fire-their-greatest-barrage-of-weapons-to-date-in-the-ongoing-red-sea-shipping-crisis/
8. SIU President Emeritus Michael Sacco Dies at 86 Seafarers International Union has announced the passing of its long-time president Michael Sacco.Sacco died of natural causes on December 28, 2023, in St. Louis, Missouri, surrounded by family members. He was 86 years old. https://gcaptain.com/siu-president-emeritus-michael-sacco-dies-at-86
9. Baltic index logs biggest fall in a month on slipping vessel rates The Baltic Exchange’s dry bulk sea freight index fell on Tuesday to a nearly seven-week low in its worst showing in more than a month, as rates across vessel segments hit multi-week lows.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 147 points, or 7.3%, to 1,875, hitting a fresh low since Nov. 23. https://www.shippingtribune.com/news/shipping/Baltic+index+logs+biggest+fall+in+a+month+on+slipping+vessel+rates
10. Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight Tightening fleet capacity, lingering geopolitical conflicts and robust US crude exports are expected to boost tanker freight in 2024 despite ongoing OPEC+ supply cuts and a possible slowdown in oil demand growth, market participants and analysts said Jan. 8.https://www.shippingtribune.com/news/shipping/Tighter+fleet+capacity%2C+geopolitical+issues%2C+longer+voyages+to+boost+2024+tanker+freight