InterManager Daily News 27.02.2024.

1. Scorpio Tankers announces mou licensing Fowe fuel saving devices for entire fleet Scorpio Tankers announced that the Company has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions fuel emulsion systems across its entire fleet. The terms of the licensing agreement will require no material upfront costs for the Company and is expected to result in an overall reduction of at least 3% in fuel costs and 100,000 tons of carbon emissions annually. https://cyprusshippingnews.com/2024/02/26/scorpio-tankers-announces-mou-licensing-fowe-fuel-saving-devices-for-entire-fleet/
2. Global container equipment fleet growth picks up pace Growth in the global pool of shipping containers is picking up pace on rising trade prospects and slowing box productivity, as disruption in the Red Sea and Panama Canal lengthen voyage transit times, according to the latest analysis from Drewry’s recently published Container Equipment Forecaster report. https://cyprusshippingnews.com/2024/02/26/global-container-equipment-fleet-growth-picks-up-pace/
3. GARD reports strong growth secured after successful renewal Gard celebrated a strong and stable P&I renewal, welcoming a notable influx of committed newbuild tonnage from renewing Members.Over the past 12 months, 7 million GT have been added, bringing the club’s mutual tonnage to a total of 284 million GT. 99.4 per cent of the existing tonnage renewed with Gard, reflecting the long-term commitment of the club’s membership. https://cyprusshippingnews.com/2024/02/26/gard-reports-strong-growth-secured-after-successful-renewal/
4. Port of Rotterdam adopts Green Award verification for new EU shipping sustainability incentives The Port of Rotterdam cements its position as a leader in sustainable shipping by becoming the first EU port to utilise Green Award Foundation’s specialised Ship Waste module programme to verify ships meeting new environmental performance criteria enacted this year.https://cyprusshippingnews.com/2024/02/26/port-of-rotterdam-adopts-green-award-verification-for-new-eu-shipping-sustainability-incentives/
5. 11 proposals selected to advance Electric Harbour Craft Designs in Singapore The expression of interest launched by the Maritime and Port Authority of Singapore on 10 July 2023 for proposals on designs and to promote adoption of full electric harbour craft (e-HC) in Singapore received 55 proposals from 32 international and local companies and consortia. The results signal high interest and strong confidence by global and local participants in the development of e-HC in Singapore.https://cyprusshippingnews.com/2024/02/26/11-proposals-selected-to-advance-electric-harbour-craft-designs-in-singapore/
6. CMA CGM raises its bid for UK logistics firm Wincanton French carrier CMA CGM has increased its offer to buy Wincanton to about $766m in cash as the UK logistics firm catches the eye of another possible rival bidder.The offer made through CEVA Logistics unit has been raised by some $47-$48m against the initial bid in January which at the time represented a 52% premium to Wincanton’s stock price. https://splash247.com/cma-cgm-raises-its-bid-for-uk-logistics-firm-wincanton/
7. UK Chamber of Shipping names new chief executive The UK Chamber of Shipping has appointed Rhett Hatcher as its next chief executive, replacing Sarah Treseder.Hatcher has recently retired from the Royal Navy. His last role was as the UK national hydrographer and deputy chief executive at the UK Hydrographic Office. He joins on March 18, and following a short handover period, Treseder will leave the Chamber in April. https://splash247.com/uk-chamber-of-shipping-names-new-chief-executive/
8. Qatar Has Eyes on More Long-Term Deals as It Bets Big on LNG The Middle Eastern nation — already one of the world’s largest suppliers of LNG — plans a new 13% increase in annual capacity on top of a previously announced expansion. Population growth, particularly in Asia, will drive demand along with an economic recovery across the world, Qatar’s Energy Minister Saad Al-Kaabi said. The country is also looking to lock in more contracts in Europe, he said. https://gcaptain.com/qatar-has-eyes-on-more-long-term-deals-as-it-bets-big-on-lng/
9. Shortage Of Oil Tankers At Hand As Red Sea Attacks Divert Trade Longstanding warnings from the oil tanker industry that too few of the ships are being built are coming back to haunt the market after Houthi attacks on commercial shipping caused widespread diversions in global petroleum trades. https://gcaptain.com/shortage-of-oil-tankers-at-hand-as-red-sea-attacks-divert-trade/
10. Spain’s Ports See Goods Traffic Rise as Red Sea Crisis Continues The volume of goods moving through Spain’s top ports rose by as much as 25% in January as attacks on shipping in the Red Sea caused companies to divert Europe-bound vessels around southern Africa instead.https://gcaptain.com/spains-ports-see-goods-traffic-rise-as-red-sea-crisis-continues/