InterManager Daily News 26.01.2024.



1. US LNG exporters canceled cargoes amid freeze as US gas prices surged US LNG exporters canceled multiple cargoes over the past week as freezing temperatures disrupted operations at terminals and caused US spot gas prices to soar, creating an incentive for those who could sell gas back into the domestic market instead of exporting it as LNG to do so, according to market sources in the Atlantic Basin. https://cyprusshippingnews.com/2024/01/25/us-lng-exporters-canceled-cargoes-amid-freeze-as-us-gas-prices-surged/
2. ICS publishes highly anticipated Flag State Performance Table The 2023/2024 Shipping Industry Flag State Performance, published by the International Chamber of Shipping (ICS), indicates continuing positive performance by the vast majority of Flag States which are responsible for the safety and environmental performance of the world’s merchant ships. https://cyprusshippingnews.com/2024/01/25/ics-publishes-highly-anticipated-flag-state-performance-table/
3. Safety of seafarers is paramount say dry bulk ship owners The safety of seafarers must be paramount as the international community seeks to address the volatile situation in the Red Sea says INTERCARGO speaking on behalf of the world’s dry bulk ship owners. https://cyprusshippingnews.com/2024/01/25/safety-of-seafarers-is-paramount-say-dry-bulk-ship-owners/
4. Shipping and geopolitical risk: Don’t forget about Korean Peninsula COVID steered shipping markets in 2000-2022. Geopolitics has steered markets ever since — and future war effects on ocean trade could be even more extreme than they are today. https://cyprusshippingnews.com/2024/01/25/shipping-and-geopolitical-risk-dont-forget-about-korean-peninsula/
5. Trinidad in talks with Europe to supply Venezuelan gas says Prime Minister Keith Rowley Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday. https://cyprusshippingnews.com/2024/01/25/trinidad-in-talks-with-europe-to-supply-venezuelan-gas-says-prime-minister-keith-rowley/
6. Ukraine intensifies Russian refinery campaign February 24 will mark the second anniversary since Russia unleashed the largest attack on a European country since World War II. In that period of time Russian exports of oil and gas have diminished, but only by about a third with fossil fuel exports still making up around 45% of the federal budget. https://splash247.com/ukraine-intensifies-russian-refinery-campaign/
7. Europe seeks port solutions to staunch cocaine epidemic With Belgium holding the six-month presidency of the council of the European Union, the government has wasted little time in taking its next step in the fight against drugs cartels across the continent’s ports, with Antwerp widely seen as the epicentre for the cocaine trades. https://splash247.com/europe-seeks-port-solutions-to-staunch-cocaine-epidemic/
8. Two US-Flag Maersk Ships Safe After Houthi Missile Attack Maersk suspends US-flag operations in the Red Sea after a Houthi attack targeting a Maersk Line, Limited ship carrying U.S. government cargo.Danish shipping giant A.P. Moller-Maersk (Maersk) confirmed an incident involving two of its US-flagged vessels, the Maersk Detroit and Maersk Chesapeake, near the Bab el-Mandeb Strait on Wednesday. https://gcaptain.com/two-us-flag-maersk-ships-safe-after-houthi-attack/
9. New Jersey Approves Two Major Offshore Wind Projects The New Jersey Board of Public Utilities (NJBPU) has given the green light to two major offshore wind projects, with a combined capacity of 3,742 megawatts (MW).Leading Light Wind, a collaboration between Invenergy and energyRe, secured 2,400 MW of capacity, while Attentive Energy LLC’s Attentive Energy Two was awarded 1,342 MW. https://gcaptain.com/new-jersey-approves-two-major-offshore-wind-projects/
10. As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the Rea Sea and Suez Canal. Longer trips for the Middle-Eastern barrels that replaced Russian flows to Europe introduce supply issues, and this is leading to a “sea change” in commodity purchases by Europe, and a boost for Atlantic Basin crude suppliers including the U.S. and Brazil. https://www.shippingtribune.com/news/shipping/As+more+tankers+divert+from+Suez+Canal%2C+there%E2%80%99s+a+%E2%80%98sea+change%E2%80%99+in+way+Europe+is+buying+crude