InterManager Daily News 14.02.2024.

1. ShipMoney celebrates 10 years supplying Digital Payment Solutions to the Maritime Industry ShipMoney is celebrating 10 years providing digital payment solutions to the maritime industry.Founded in 2013 by Stuart Ostrow, a Florida-based CPA and entrepreneur, ShipMoney set out to challenge the archaic way seafarers were paid and to update the cash-based infrastructure that most cruise and commercial ships relied on for decades. https://cyprusshippingnews.com/2024/02/13/shipmoney-celebrates-10-years-supplying-digital-payment-solutions-to-the-maritime-industry/
2. Asian LNG re-export trend continues to surpass Europe so far in 2024 Asian LNG re-exports have continued to outmatch reexports from Europe so far in 2024, maintaining Asia’s stronger reexport trend that emerged in 2023, according to data and analysts from S&P Global Commodity Insights. https://cyprusshippingnews.com/2024/02/13/asian-lng-re-export-trend-continues-to-surpass-europe-so-far-in-2024/
3. Dry Bulk Equity Index on the Rise by Dewry In January, Drewry’s Dry Bulk Equity Index rose 2.1% due to the intensifying conflict in the Red Sea which is taking the TCE rates higher than expected. The index outperformed the S&P 500 which rose 1.6% during the same time. https://cyprusshippingnews.com/2024/02/13/dry-bulk-equity-index-on-the-rise-by-drewry/
4. Grain ships diverted from Red Sea – Russia sets export taxes More ships carrying grain were diverted from the Suez Canal to sail around the Cape of Good Hope this week as concern about attacks on vessels in the Red Sea continued, shipping analysts said. https://cyprusshippingnews.com/2024/02/13/grain-ships-diverted-from-red-sea-russia-sets-export-taxes/
5. Shipyard working conditions and the Norwegian Transparency Act Recent media reports have focused on allegedly poor working conditions at Turkish shipyards. The law firm Wikborg Rein reminds Norwegian shipowners who are contracting with foreign yards to be prepared to disclose what they are doing to ensure decent working conditions.https://cyprusshippingnews.com/2024/02/13/shipyard-working-conditions-and-the-norwegian-transparency-act/
6. Valeura Energy buys FSO working on Nong Yao field off Thailand Canadian operator Valeura Energy has exercised its purchase option to acquire Nong Yao field’s FSO Aurora, previously under lease from an Omni Offshore Terminals subsidiary.The purchase price for the vessel is $19m which will be funded with the company’s cash resources upon completion of the transaction, anticipated in June 2024. https://splash247.com/valeura-energy-buys-fso-working-on-nong-yao-field-off-thailand/
7. Star Bulk takes kamsarmax newbuild series to five Greek dry bulk giant Star Bulk Carriers has revealed more kamsarmax newbuilds in China as it works toward renewing its fleet portfolio.The Nasdaq-listed owner and operator of around 115 bulkers has contracted three 82,000 dwt ships at Qingdao Shipyard on top of two units booked at the yard in October last year. https://splash247.com/star-bulk-takes-kamsarmax-newbuild-series-to-five/
8. President Biden’s Offshore Drilling Leases Plan Faces Legal Challenges Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico.https://gcaptain.com/president-bidens-offshore-drilling-leases-plan-faces-legal-challenges/
9. US Seeking to Auction Russian Oligarch’s Yacht Costing $7 Million a Year to Maintain The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the vessel before a dispute over its ownership is resolved. https://gcaptain.com/us-seeking-to-auction-russian-oligarchs-yacht-costing-7-million-a-year-to-maintain/
10. BIMCO STARTS WORK ON CONTRACT FOR GROWING WIND TURBINE MARKET BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases. https://www.shippingtribune.com/news/shipping/BIMCO+STARTS+WORK+ON+CONTRACT+FOR+GROWING+WIND+TURBINE+MARKET