InterManager Daily News 06.03.2024.

1. Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.
2. CMA CGM expects Red Sea shipping disruption to last months French container shipping giant CMA CGM expects disruptions to commercial shipping to last months, Chairman and CEO Rodolphe Saade said.Shipping firms are diverting vessels on to the longer, more costly route around southern Africa after Houthi militants in Yemen began drone and missile attacks on ships in the Red Sea and Gulf of Aden last November.
3. New fireboat stations dedicated at Port of Long Beach Facilities provide portwide protection as part of a $109 million safety programOfficials dedicated two new Port of Long Beach fireboat stations that are greatly enhancing the Long Beach Fire Department’s waterside and landside emergency response capabilities, better safeguarding visiting ships, cargo and waterfront workers.
4. The Green Award welcomes 8 new Japanese ports, expanding its Asian Footprint The Green Award Foundation is pleased to announce that 8 ports additionally managed by the Osaka Ports and Harbors Bureau have joined as new Incentive Providers, offering discounted port fees to Green Award certified vessels that call their ports. This expands The Green Award’s network to 47 ports incentivising safety and sustainability in shipping globally.
5. Baltic Index climbs to 10-week high on rising vessel rates The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday to hit an over two month peak, supported by rising rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 70 points, or 3.4%, at 2,111 points, its highest since Dec. 20.
6. SSY sets up agricultural commodities unit UK shipbroking group SSY is bolstering its footprint in the commodities sector with the launch of a dedicated agricultural derivatives sales and execution business.The London-headquartered outfit said the new desk of its SSY Futures commodities division will initially focus on grains, oil seeds and soft commodity derivatives.
7. Inpex taps Fugro for Abadi LNG marine survey deal Japanese oil and gas major Inpex has awarded Fugro a marine survey contract for the Abadi liquefied natural gas (LNG) project in Indonesia.Fugro will perform geophysical and geotechnical surveys needed to support front-end engineering design for offshore production facilities, the submarine pipeline to the onshore LNG terminal, and the CO2 injection infrastructure. Financial details of the contract were not disclosed.
8. Nike ties the knot with CMA CGM on biofuels American sportswear giant Nike has contracted French liner CMA CGM to use sustainable biofuel for a part of its maritime transport for a trial 11-month period. Nike will use sustainable biofuel for the transportation of 36% of its volume with CMA CGM during the trial, claiming it will reduce CO2 emissions by 25,000 tons.
9. MOL Boosts Chemical Tanker Fleet with $400 Million Fairfield Acquisition MOL Chemical Tankers (MOLCT), a wholly-owned subsidiary of Mitsui O.S.K. Lines (MOL), has completed its acquisition of all shares of Fairfield Chemical Carriers, creating a leading stainless steel chemical tanker company.The all-cash transaction, which received all necessary regulatory approvals, was valued at about US$400 million.
10. Suez Canal Head Says Egypt Studying Further Expansion of Waterway Egypt is studying further expansions of the Suez Canal to extend and complete a second channel of the waterway, the canal’s head said on Monday, a move that could allow for higher volumes of shipping and prevent blockages from halting traffic.


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