InterManager Daily News 02.02.2024.

1. Tototheo Maritime provides Starlink to Orion Reederei revolutionising connectivity and crew welfare Tototheo Maritime proudly announces its partnership with Orion Reederei, a prominent ship management company based in Germany, in a transformative move towards enhancing connectivity and crew well-being. https://cyprusshippingnews.com/2024/01/31/tototheo-maritime-provides-starlink-to-orion-reederei-revolutionising-connectivity-and-crew-welfare/
2. Germany helps fuel explosion in US gas exports A boom in LNG exports from the US to Europe, and especially Germany, is driving massive fossil fuel expansion at a time when climate experts are demanding radical emission cuts.“At night it’s lit up like Las Vegas,” said John Allaire, a retired oil and gas engineer, as he looks to the toxic 10-meter-high (33-foot-high) flare rising from a liquefied natural gas (LNG) plant neighboring his coastal property in the southern US state of Louisiana. https://cyprusshippingnews.com/2024/01/31/germany-helps-fuel-explosion-in-us-gas-exports/
3. Russia struggles to sell Pacific oil, 14 tankers stuck More than a dozen tankers loaded with 10 million barrels of Russia’s Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues, according to two traders and ship tracking data. https://cyprusshippingnews.com/2024/01/31/russia-struggles-to-sell-pacific-oil-14-tankers-stuck/
4. Hellas Sat and Thales Alenia Space sign a Memorandum of Understanding to develop Optical Communication payload for Hellas Sat 5 satellite Hellas Sat and Thales Alenia Space, a joint-venture between Thales (67%) and Leonardo (33%) have signed a Memorandum of Understanding to collaborate on the development of an optical communication payload for the upcoming new mission to be embarked on the future Hellas Sat 5 telecommunications satellite, operating in geostationary orbit at 39 degrees East. https://cyprusshippingnews.com/2024/01/31/hellas-sat-and-thales-alenia-space-sign-a-memorandum-of-understanding-to-develop-optical-communication-payload-for-hellas-sat-5-satellite/
5. Korean Shipbuilders sweep orders for VLACs Korean shipbuilders have won all the orders for very large ammonia carriers (VLACs) ordered this year. The analysis suggests that Korean shipbuilders are in a strong position to win orders due to their technological prowess.A total of 15 VLACs have been ordered globally so far this year, all of which will be built by Korean shipbuilders, according to Clarkson Research, a U.K.-based shipbuilding and shipping market analyst. https://cyprusshippingnews.com/2024/01/31/korean-shipbuilders-sweep-orders-for-vlacs/
6. Industry heavyweights weigh in on Red Sea security solutions for shipping Arsenio Dominguez, the new secretary-general of the International Maritime Organization (IMO), has called for a “multi-faceted” solution to the ongoing Red Sea shipping crisis.Assuming the top post at the London United Nations body at the start of this month, Dominguez has been thrust into an international shipping crisis on the scale of the pandemic straight away. https://splash247.com/industry-heavyweights-weigh-in-on-red-sea-security-solutions-for-shipping/
7. Euronav sells fleet data analytics platform to ZeroNorth Belgian tanker giant Euronav has sold its Fleet Automatic Statistics and Tracking (FAST) platform to Danish vessel optimisation brand ZeroNorth.FAST collects advanced high-frequency data in real-time from sensors across Euronav’s fleet. The Saverys family-controlled company has implemented the FAST platform across its fleet, using ship reporting, voyage optimisation, and ship optimisation using high-frequency data. https://splash247.com/euronav-sells-fleet-data-analytics-platform-to-zeronorth/
8. UK company to build first-ever tidal energy plant in Southeast Asia Energies PH has signed a deal with UK-based marine offshore renewables specialist Inyanga Marine Energy Group to build Southeast Asia’s first-ever tidal power generation plant.The site will be at the remote Capul Island of Northern Samar in the Philippines, along the San Bernardino Strait, a location chosen specifically for its strong marine currents. https://splash247.com/uk-company-to-build-first-ever-tidal-energy-plant-in-southeast-asia/
9. Baltic index slips on weaker rates across segments The Baltic Exchange’s dry bulk sea freight index fell on Tuesday, logging its biggest decline in over two weeks on lower rates across all vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was down 63 points, or 4.3%, at 1,397 points. https://www.shippingtribune.com/news/shipping/Baltic+index+slips+on+weaker+rates+across+segments
10. Shipping faces lengthy disruptions as Middle East fallout worsens The Red Sea crisis — and the Middle East situation in general — is worsening. There’s growing conviction that shipping diversions around the Cape of Good Hope will increase in scope and last much longer than initially expected. That should be good news for shipping stocks over time, due to durably longer voyage distances. https://www.shippingtribune.com/news/shipping/Shipping+faces+lengthy+disruptions+as+Middle+East+fallout+worsens