InterManager Daily News 12.02.2024.

1. Shipping big hitters endorse InterManager’s new General Principles Industry big hitters have given their support to InterManager’s ground-breaking General Principles of Conduct and Action, endorsing the impact they will have on raising standards across the shipmanagement sector.DNV, Lloyd’s Register, and Steamship Mutual have all given their backing to the aims and objectives of the General Principles. Endorsements from Flag States’ and maritime leaders are anticipated to follow swiftly. https://cyprusshippingnews.com/2024/02/09/shipping-big-hitters-endorse-intermanagers-new-general-principles/
2. Turkey, Brazil became main importers of Russian seaborne oil products in 2023 Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil after European Union sanctions barring the import of Russian refined products took effect, data from market sources and LSEG showed. https://cyprusshippingnews.com/2024/02/09/turkey-brazil-became-main-importers-of-russian-seaborne-oil-products-in-2023/
3. NORDEN reports annual result of USD 400 million for 2023 and continues to return cash to shareholders NORDEN reports an annual result of USD 400 million (approx. DKK 2,760 million). For the fourth quarter of 2023 net profit amounted to USD 43 million (approx. DKK 297 million). https://cyprusshippingnews.com/2024/02/09/norden-reports-annual-result-of-usd-400-million-for-2023-and-continues-to-return-cash-to-shareholders/
4. AP Moller- Maersk A/S Maersk initiates demerger and separate listing of its towage and marine service activities Svitzer In connection with the A.P. Moller – Maersk A/S (Maersk) Q4 announcement Maersk announced that it has decided to initiate a separation and public listing of its towage and marine services activities in Svitzer through a demerger. https://cyprusshippingnews.com/2024/02/09/ap-moller-maersk-a-s-maersk-initiates-demerger-and-separate-listing-of-its-towage-and-marine-service-activities-svitzer/
5. Launch of new intermodal connection between Bettembourg and Lübeck LKW WALTER and CFL multimodal are happy to announce the launch of a new intermodal connection between the Intermodal Terminal Bettembourg-Dudelange and the Port of Lübeck. https://cyprusshippingnews.com/2024/02/09/launch-of-new-intermodal-connection-between-bettembourg-and-lubeck/
6. Diana Shipping charters out bulker to Ming Wah New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Ming Wah International Shipping for one of its vessels.Ming Wah chartered the 2011-built, 82,165 dwt kamsarmax bulker Leonidas P. C. The gross charter rate is $17,000, minus a 5% commission paid to third parties, for a period until a minimum of August 20, 2025, up to a maximum of October 20, 2025. https://splash247.com/diana-shipping-charters-out-bulker-to-ming-wah/
7. Costamare continues clearout of smaller bulkers New York-listed Greek owner Costamare has reaffirmed its dry bulk fleet renewal and focus on larger tonnage in the sector.The Konstantinos Konstantakopoulos-led company has revealed the sale of nine ships ranging between 32,400 dwt and 56,670 dwt and built between 2006 and 2012. https://splash247.com/costamare-continues-clearout-of-smaller-bulkers/
8. US Container Imports Expected to Rise in First Half of 2024 The first half of this year is projected to see an increase in inbound cargo volume at major U.S. container ports despite recent attacks on ships in the Red Sea, according to the latest Global Port Tracker report by the National Retail Federation and Hackett Associates. https://gcaptain.com/us-container-imports-expected-to-rise-in-first-half-of-2024/
9. Should I Stay or Do I Go? Ridgebury Tankers’ Burke Reflects on Selling His Fleet After leaning into a surging tanker market and selling off his fleet at, or near, its peak, what should is a shipowner to do?That knotty question was the subject of the keynote speech by Bob Burke, the driving force behind Ridgebury Tankers, at the HACC NACC conference, held this week in midtown New York. Ridgebury emerged after Burke’s tenure in maritime finance, which included stints at Irving Trust and GE Capital before striking out on his own in the late 1990s. https://gcaptain.com/should-i-stay-or-do-i-go-ridgebury-tankers-burke-reflects-on-selling-his-fleet/
10. Baltic index logs worst day in a week as capesize rates fall The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, recorded its biggest daily fall in a week on Wednesday, hurt by lower rates in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 29 points, or 1.9%, at 1,487 points, snapped its three-session gaining streak. https://www.shippingtribune.com/news/shipping/Baltic+index+logs+worst+day+in+a+week+as+capesize+rates+fall