InterManager Daily News 21.02.2024.

1. Shipping firms enter EU ETS at market trough – admin backlogs expected New EU rules will provide shipping companies with more opportunities to buy greenhouse gas emissions allowances at a market trough via opening a holding account, but market players worry that their application process could be prolonged by administrative backlogs. https://cyprusshippingnews.com/2024/02/20/shipping-firms-enter-eu-ets-at-market-trough-admin-backlogs-expected/
2. Transpacific: A carrier success story A combination of strong demand and carefully managed capacity is boosting spot rates on the Transpacific container trades, just in time for contract season.The Drewry World Container Index – a benchmark of spot rates on eight East-West container trades, released every Thursday – shows that spot market freight rates from Asia to Europe have been declining for three straight weeks, but that rates from Asia to North America are holding much firmer. https://cyprusshippingnews.com/2024/02/20/transpacific-a-carrier-success-story/
3. DP World signs agreement as title partner of Delhi Capitals women’s team in a historic move Ashwani Nath, Chief Commercial Officer, Logistics, DP World Subcontinent DP World and Delhi Capitals today announced a new long-term partnership. DP World, a leading provider of smart end-to-end supply chain solutions, is now the Title Partner of the Women’s Team of Delhi Capitals, in the TATA Women’s Premier League, from 2024. The new multi-year partnership, unveiled today at the JW Marriott hotel in Bengaluru, will see DP World strengthen its relationship with the franchise. https://cyprusshippingnews.com/2024/02/20/dp-world-signs-agreement-as-title-partner-of-delhi-capitals-womens-team-in-a-historic-move/
4. Maritime safety: deal on stricter measures to stop shipping pollution Parliament and Council negotiators reached an informal deal to extend an existing ban on discharge of oil spills by ships to include sewage and garbage. On Thursday, EU co-legislators preliminarily agreed to update EU rules on preventing pollution from ships in European seas and ensuring perpetrators face fines. https://cyprusshippingnews.com/2024/02/20/maritime-safety-deal-on-stricter-measures-to-stop-shipping-pollution/
5. First cranes arrive as part of USD 300 million Port of Salalah expansion As part of its USD 300 million container terminal upgrade and expansion project, the Port of Salalah received the first four of 10 new ZPMC ship-to-shore cranes this month. Once the project is completed in the first quarter of 2025, annual capacity at the terminal will increase from 5 million to 6 million TEU. With this increased capacity the Port of Salalah will be a key hub for the region.https://cyprusshippingnews.com/2024/02/20/first-cranes-arrive-as-part-of-usd-300-million-port-of-salalah-expansion/
6. Irish government comes under pressure over livestock shipments The Irish government is coming under pressure to rein in livestock exports, while in Cape Town one livestock carrier has kicked up a huge stink.Ethical Farming Ireland has written to the Irish agriculture minister Charlie McConalogue demanding changes to the way animals are exported by sea following a joint investigation with the NGO Israel Against Live Shipments where the health of animals is checked at the point of departure and on arrival. https://splash247.com/irish-government-comes-under-pressure-over-livestock-shipments/
7. Chemship vessel becomes first chemical tanker in the world to be fitted with sail kit Chemship is celebrating becoming the first chemical tanker owner in the world to install wind propulsion.The Dutch owner has installed four VentoFoils from Econowind on the 134 m long Chemical Challenger, a ship that works a dedicated transatlantic route. https://splash247.com/chemship-vessel-becomes-first-chemical-tanker-in-the-world-to-be-fitted-with-sail-kit/
8. Indian Diesel Flowing to Asia Shipments of diesel from India into Europe are at the lowest since 2022 so far this month as Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.https://gcaptain.com/indian-diesel-flowing-to-asia/
9. Unifeeder Charters More Methanol-Powered Feeder Vessels Unifeeder Group, a part of DP World Marine Services, has finalized a long-term charter agreement to add two more methanol-fueled container feeder vessels to their fleet.The charter agreements were made in collaboration with German ship owning group Elbdeich Reederei and Norwegian shipowner MPC Container Ships, each contributing one vessel. The 1250 twenty-foot equivalent unit (TEU) vessels will be integrated into Unifeeder’s European network with delivery expected in 2026. https://gcaptain.com/unifeeder-charters-more-methanol-powered-feeder-vessels/
10. Shipping’s largest sector lags behind in green investments Dry bulk stands out among the major shipping sectors as the least willing to invest in green new tonnage.According to data from AXS Marine, so far only 3% or 915 vessels are equipped with dual fuel propulsion from the total global bulk, tanker and containership fleet of 30,487 ships. AXS Marine statistics show how dry bulk, the largest sector in shipping, has been the most reluctant so far to invest in dual fuel technology. https://www.shippingtribune.com/news/shipping/Shipping%E2%80%99s+largest+sector+lags+behind+in+green+investments