InterManager Daily News 08.03.2024.

1. Leading names in shipping support InterManager’s new standard in ship management and operation InterManager’s newly-introduced General Principles of Conduct and Action are attracting widespread industry support from across all sectors of the maritime community.The Association has welcomed endorsement from numerous leading shipping industry companies and trade bodies including AAL Shipping, C Transport Maritime S.A.M , the International Shipsuppliers & Services Association, Evalend Shipping Kazmotransflot, Lefkaritis Bros Seas, Lomar Shipping, Oceonix, Olympic Ocean Carriers, Premuda, Salamon AG, Schoeller Holdings, and Seaworld Management S.A.M.
2. Singapore’s LSFO arbitrage inflows from West to drop further in March on Red Sea woes Singapore’s low sulfur fuel oil arrivals from the West are expected to witness a sizeable drop for a second straight month in March, as arbitrage economics remain mostly unviable amid the ongoing geopolitical tensions in the Red Sea.
3. Indian Register of Shipping partners GRSE for development of autonomous and Green Energy vessels Indian Register of Shipping a leading international classification society, is pleased to announce that it has signed a Memorandum of Understanding with Garden Reach Shipbuilders & Engineers Limited on 2nd March 2024. The partnership marks a significant step towards fostering innovation and sustainability in the maritime industry.
4. Seafarer welfare, women in shipping, and port innovation in the spotlight as HRH The Princess Royal visits Dubai to highlight work of The Mission to Seafarers The vital role of seafarer welfare services in the United Arab Emirates and the importance of women in the maritime industry were celebrated by Her Royal Highness The Princess Royal, the President of The Mission to Seafarers, on her visit to Dubai.
5. New Product launches and Technology announcements set to make waves at Oi24 From next-generation autonomous vehicles and underwater drones to cutting-edge sensors, the future will be in action for visitors and attendees at Oceanology International 2024 (Oi24) in London next week from 12th to 14th March.
6. First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker The Barbados-flagged, 50,448 dwt bulker True Confidence was damaged in a missile attack off Yemen with several crew members missing.According to a number of reports, three crew members are missing while four others have sustained serious burns from the explosion.
7. Safe Bulkers offloads two ships in strong secondhand market New York-listed Safe Bulkers has continued its fleet renewal programme and also taken advantage of firming tonnage prices having agreed to offload two of its ships in separate deals.
8. Houthi Attacks Turn Deadly Two seafarers were killed in a Houthi missile attack on a Red Sea merchant ship on Wednesday, British and U.S. officials said, the first fatalities reported since the Iran-aligned Yemeni group began strikes against shipping in one of the world’s busiest sea lanes.
9. Telecoms Company Confirms Damage to Red Sea Submarine Cables HGC Global Communications, a leading Hong Kong-based telecommunications provider, has reported substantial damage to several undersea communications cables in the Red Sea. The company estimates that the disruption has impacted approximately 25% of data traffic between Asia and Europe.
10. IFSCA Proposes Foreign Ships at GIFT City for Indian Ports India’s shipping sector faces a critical examination as the International Financial Services Centre Authority (IFSCA) seeks permission for foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). This proposal aims to alleviate longstanding challenges within India’s maritime industry, presenting a potential solution to boost efficiency and competitiveness.


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