InterManager Daily News 28.02.2024.

1. Navigating Influence: Lobbying in the Modern Maritime Industry Lobbying has long been a fixture in the political landscape, with various industries employing strategies to shape policies that align with their interests. In the maritime sector, lobbying plays a crucial role in navigating the complex web of regulations, trade policies, and environmental standards that govern the industry. https://cyprusshippingnews.com/2024/02/27/navigating-influence-lobbying-in-the-modern-maritime-industry/
2. Presentation from Aristos Philis, CEO & Founder of KeelX at the Get Together of Cyprus Marine Club The reception was attended by more than 100 guests. The President of Cyprus Marine Club, Capt. Eberhard Koch, in his opening statement, before giving the floor to the speaker, shared his contentment about the increasing membership numbers and welcomed the new Sponsor of CMC: Michael Chambers & Co. LLC, and then thanked all Sponsors for their invaluable support. https://cyprusshippingnews.com/2024/02/26/presentation-from-aristos-philis-ceo-founder-of-keelx-at-the-get-together-of-cyprus-marine-club/
3. Skills, regulation, fuels, technology, data and safety Shipping’s Net Zero Challenge explored at Inaugural Seatrium visiting Professorship Lecture “People working together, embracing change and uncertainty, learning to make innovation their friend and managing risk decisions based on data will be the jet fuel we need to get to net zero by 2050.”That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, as he delivered a wide-ranging speech detailing the challenges and opportunities of the energy transition in shipping for the inaugural Seatrium Visiting Professorship Lecture. https://cyprusshippingnews.com/2024/02/27/skills-regulation-fuels-technology-data-and-safety-shippings-net-zero-challenge-explored-at-inaugural-seatrium-visiting-professorship-lecture/
4. Euronav announces order for 2 dual-fuel bitumen tankers under long-term charter deal Euronav NVis pleased to announce that it has concluded an order for two bitumen tankers with China Merchants Jinling Shipyard Dingheng . The vessels are expected to be delivered in the fourth quarter of 2026 and have been chartered to a strong counterparty for 10 years upon delivery from the shipyard. https://cyprusshippingnews.com/2024/02/27/euronav-announces-order-for-2-dual-fuel-bitumen-tankers-under-long-term-charter-deal/
5. Hamburg strengthens trade relations with India Economic relations between Germany and India are developing positively, with imports and exports between the two countries seeing a notable increase in recent years. The Port of Hamburg even expects to set a new record for seaborne cargo handling with India in 2023. https://cyprusshippingnews.com/2024/02/27/hamburg-strengthens-trade-relations-with-india/
6. Ocean Alliance deal extended to 2032 The Ocean Alliance group of container carriers has extended their partnership for another five years.Founded in 2017 under a 10-year deal, the liner grouping comprised of CMA CGM, Cosco Shipping, Evergreen and OOCL has agreed to continue their vessel-sharing agreement until the end of March 2032. https://splash247.com/ocean-alliance-deal-extended-to-2032/
7. World’s fastest-growing ship register doubles in size in the space of one month The world’s fastest growing shipping register has doubled in size in the space of just one month. Gabon, a small Central African nation on the Atlantic coast, was last year’s fastest-growing shipping registry, a growth trajectory that has been massively boosted in the opening weeks of 2024 with the reflagging of a swathe of the Sovcomflot fleet. https://splash247.com/worlds-fastest-growing-ship-register-doubles-in-size-in-the-space-of-one-month/
8. U.S. Navy Secretary Looks to Asia to Revive Shipbuilding at Home The US needs to revive domestic shipbuilding with increased funding from Congress and investment from overseas, Navy Secretary Carlos Del Toro said, framing the issue as a matter of economic security in the competition with China.Del Toro said on Thursday that he planned to travel to Japan and South Korea soon to encourage investment in shipbuilding, especially at smaller yards. He called for getting congressional appropriators on board “so that we can get started moving in the right direction.” https://gcaptain.com/u-s-navy-secretary-looks-to-asia-to-revive-shipbuilding-at-home/
9. Alaska Seafood Shippers to Pay $9.5 Million to Settle Jones Act Loophole Case Two Alaska-based seafood shipping companies have agreed to pay $9.5 million settlement to the U.S. government for violations of the Jones Act.The settlement is one of the largest ever for a case brought under the Jones Act, which mandates that goods transported between two U.S. ports must be carried on U.S. flagged, owned and operated vessels. An exception to the law allows for Alaskan seafood to be shipped to the mainland U.S. via Canadian rail. https://gcaptain.com/alaska-seafood-shippers-to-pay-9-5-million-to-settle-jones-act-loophole-case/
10. Baltic Index Climbs Multiweek Highs On Firm Capesize, Supramax Rates The Baltic Exchange’s dry bulk sea freight index edged up to a seven-week high on Monday, buoyed by climbing rates in the capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 5 points, or 0.3%, at 1,871 points, its highest since Jan. 9. https://www.shippingtribune.com/news/shipping/Baltic+Index+Climbs+Multiweek+Highs+On+Firm+Capesize%2C+Supramax+Rates