InterManager Daily News 29.02.2024.

1. New Directors at CYMEPA The 113th BOD Meeting held today saw the unanimous co-option of Mr George Mavroudis and Mr Mike Bradshaw as Directors of CYMEPA. CYMEPA welcome both gentlemen and look forward to a close and fruitful cooperation.
2. The Maritime Association of the Port of New York and New Jersey announces 2024 International Maritime hall of fame honourees The Maritime Association of the Port of New York and New Jersey announces the 30th International Maritime Hall of Fame award dinner will be held on May 15th at The Lighthouse, Pier 61 at Chelsea Piers in New York City. One of the industry’s most prestigious honors, the IMHOF Lookout Award is presented to visionaries who are shaping the future of maritime.
3. Tanzania set to host Commonwealth Law Ministers meeting on equal justice for all The United Republic of Tanzania is all set to welcome ministers and attorneys-general to the Commonwealth Law Ministers Meeting, which will open in Zanzibar on 4 March 2024. Held every two years, the meeting of law ministers is a leading platform for collaboration among the 56 Commonwealth countries, which share a common legal tradition.
4. IMO agrees new guidance on key environmental issues The International Maritime Organization has agreed new guidance on several key environmental issues. Meeting from 19 to 23 February, 2024 at IMO Headquarters in London, IMO’s Sub-Committee on Pollution Prevention and Response made progress in the following areas, to be submitted to the Marine Environment Protection Committee for approval this March and October
5. UK introduces new sanctions on Russia’s Arctic LNG 2 project, shadow tanker fleet operators The UK has introduced new sanctions targeting continued trade of Russian oil and gas, including shadow tanker fleet operators and the Arctic LNG 2 project, the Foreign Office said in a statement Feb. 22.Among entities sanctioned in the new measures include Russian oil trader Niels Troost and his Geneva-based company Paramount Energy & Commodities SA, the activities of which facilitate “unfettered trade in Russian oil beyond the reach of the oil price cap,” the government said.
6. Jumbo and SAL welcome Intermarine into heavy lift alliance Dutch maritime heavy lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL Heavy Lift have formed a new joint venture with liner operator Intermarine.
7. Port of Antwerp-Bruges to pay more than $44m in DP World concession dispute The port of Antwerp-Bruges will have to pay €41.3m ($44.7m) plus costs and interest to DP World under a ruling in an arbitration case at the International Centre for Settlement of Investment Disputes (ICSID).
8. Houthis Say No End to Red Sea Attacks Until Israeli ‘Aggression’ Stops Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Sea once Israel ends its “aggression” in the Gaza Strip.Asked if they would halt the attacks if a ceasefire deal is reached, Houthi spokesman Mohammed Abdulsalam told Reuters the situation would be reassessed if the siege of Gaza ended and humanitarian aid was free to enter.
9. Norwegian Cruise Line Signals Strong Demand Despite Red Sea Chaos Holdings rose in pre-market trading after issuing its initial financial guidance for 2024 ahead of Wall Street expectations due to strong demand for its cruises.Adjusted earnings will be around $1.23 per share in 2024, according to a statement Tuesday morning. Analysts had expected $1.21 per share. Norwegian also said occupancy should be 105.1%, ahead of estimates for 104.9% as it experiences record setting booking trends.
10. CARGO VOLUMES IN RED SEA AREA DROP 21% DUE TO ATTACKS ON SHIPS Since November 2023, Houthi forces have attacked ships in the Red Sea and Gulf of Aden. In December, most container and gas carriers started avoiding the region and by January, a significant reduction in transits was seen across most sectors.


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