InterManager Daily News 09.02.2024.

1. International Andromeda Shipping chooses Infoship The Monegasque Ship Management company, International Andromeda Shipping, has recently signed a new and promising collaboration agreement with Arribatec Marine.As announced, Arribatec Marine, the owner of the management software Infoship, will provide its solution to optimize the control and management of maintenance and the purchasing cycle for two tanker vessels. https://cyprusshippingnews.com/2024/02/07/international-andromeda-shipping-chooses-infoship/
2. Navigating uncharted waters in the face of global challenges – Greek Shipping takes centre stage at Posidonia 2024 amidst industry transformation Posidonia 2024 is already on track to be the biggest ever in the long history of the world’s most prestigious shipping exhibition, as the safety and resilience of the international maritime community take centre stage during a crucial year underpinned by a complex volatile backdrop of widespread ongoing geopolitical conflicts and the enforcement of environmental regulations. https://cyprusshippingnews.com/2024/02/07/navigating-uncharted-waters-in-the-face-of-global-challenges-greek-shipping-takes-centre-stage-at-posidonia-2024-amidst-industry-transformation/
3. Oldendorff Carriers to significantly reduce emissions by outfitting three Norsepower Rotor sails to a post-Panamax bulk carrier Oldendorff and Norsepower have announced an agreement to use Norsepower Rotor Sails™ to further reduce CO2 emissions a modern bulk carrier. The vessel Dietrich Oldendorff is to be outfitted with three 24m x 4m Norsepower Rotor Sails™ by mid-2024. It is contracted to be employed on a North Pacific trade route to Asia. https://cyprusshippingnews.com/2024/02/07/oldendorff-carriers-to-significantly-reduce-emissions-by-outfitting-three-norsepower-rotor-sails-to-a-post-panamax-bulk-carrier/
4. US says allies ‘reassured’ LNG pause does not affect current exports U.S. allies concerned about steady supplies of liquefied natural gas (LNG) are reassured when they understand President Joe Biden’s pause on LNG export approvals does not affect currently permitted shipments, a U.S. State Department official said on Monday. https://cyprusshippingnews.com/2024/02/07/us-says-allies-reassured-lng-pause-does-not-affect-current-exports/
5. Analysis Steel Sector Decarbonisation Carbon Capture and Storage Hydrogen Big iron ore’s long-term strategies diverging in the face of steel decarbonization Growing steel decarbonisation momentum is prompting three of the big four iron ore miners to increase supply of high-grade iron ore. The other is more focused on floundering carbon capture technology, while investor pressure on Scope 3 emissions continues to build. https://cyprusshippingnews.com/2024/02/07/analysis-steel-sector-decarbonisation-carbon-capture-and-storage-hydrogen-big-iron-ores-long-term-strategies-diverging-in-the-face-of-steel-decarbonization/
6. Top Ships agrees sale and leaseback deals for five tankers Greek tanker owner and operator Top Ships has entered into sale and leaseback financing agreements with three major Chinese financiers for five of its tankers.Two financing deals are for two 157,000 dwt suezmax tankers, Eco West Coast and Eco Malibu. https://splash247.com/top-ships-agrees-sale-and-leaseback-deals-for-five-tankers/
7. Euronav shareholders overwhelmingly back CMB.TECH deal More than 99% of the shareholders backed the $1.15bn cash deal that will see the Antwerp-based dual-listed tanker giant with a fleet of 50 ships on a fully-delivered basis buy a diversified group comprised of four divisions that, among other things, builds, owns, operates and designs hydrogen and ammonia-powered ships in offshore wind support, dry bulk, container, chemical tanker, and other segments.https://splash247.com/euronav-shareholders-overwhelmingly-back-cmb-tech-deal
8. New Report Sheds Light on Rapid Expansion of Arctic Shipping A new 10-year report by the Arctic Council’s Working Group on the Protection of the Arctic Marine Environment (PAME) highlights a substantial increase in shipping across the Arctic Ocean. The number of vessels operating in the Arctic increased almost 40 percent between 2013 and 2023, from 1,298 per year to 1,782. Fishing vessels remain the single largest category of ships, followed by general cargo ships and bulk carriers. https://gcaptain.com/new-report-sheds-light-on-rapid-expansion-of-arctic-shipping/
9. High Tanker Rates Hit U.S. Crude Exports to Asia U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the lowest in over two years as high freight rates and more competitively-priced Middle Eastern oils slashed shipments. A surge in supertanker freight rates made it expensive to ship to Asia at the start of the month, particularly to China. https://gcaptain.com/high-tanker-rates-hit-u-s-crude-exports-to-asia/
10. US Lawmakers Hold First Hearing on Biden’s LNG Project Approval Pause As Republican and some Democratic U.S. lawmakers slam President Joe Biden’s pause on approvals of exports of liquefied natural gas (LNG) a House subcommittee held a hearing on the issue on Tuesday, the first of two in Congress this week. Biden, a Democrat, paused approvals for new exports from LNG projects indefinitely so his administration can take a “hard look” at the environmental and economic impacts of increased shipments. https://gcaptain.com/us-lawmakers-hold-first-hearing-on-bidens-lng-project-approval-pause/