InterManager Daily News 11.03.2024.

1. “We want the industry to work smarter rather than harder” explains Klaveness Market Manager The shipping industry, characterized by its constant volatility and thin margins, compels shipowners and charterers to make timely decisions to capitalize on profit-making opportunities. “The imperative for our industry is to work smarter, not harder,” says Market Manager Philip Paulsen at Klaveness, who is part of a team revolutionizing the way market participants make decisions. https://cyprusshippingnews.com/2024/03/08/we-want-the-industry-to-work-smarter-rather-than-harder-explains-klaveness-market-manager/
2. Flemish Minister-President visits the Port of Riga The Minister-President of Flanders, Jan Jambon, together with a delegation of Flemish officials, diplomats and business people visited the Port of Riga. The Minister-President met with Ansis Zeltiņš, the Freeport of Riga CEO, at the Riga Freeport Authority and opened a meeting of Flemish and Latvian businessmen. https://cyprusshippingnews.com/2024/03/08/flemish-minister-president-visits-the-port-of-riga/
3. APM Terminals Callao switches to 100% renewable electricity APM Terminals Callao has invested more than USD 5 million in decarbonisation initiatives since 2021 and is actively contributing to the the company’s industry-leading, global ambition to be net-zero by 2040. APM Terminals Callao is on track to achieve a 36% reduction in emissions by 2024, 55% by 2030 and 100% by 2040. https://cyprusshippingnews.com/2024/03/08/apm-terminals-callao-switches-to-100-renewable-electricity/
4. Skuld case study dangers of coal cargo Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members who were found in a full cargo hold.This is the second incident of its kind, as a similar accident occurred on another vessel carrying coal cargo in 2019, resulting in the deaths of two crew members. https://cyprusshippingnews.com/2024/03/08/skuld-case-study-dangers-of-coal-cargo/
5. Baltic index extends losses on weaker capesize rates The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for asecond consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 115 points or about 5% to 2,176 points. https://cyprusshippingnews.com/2024/03/08/baltic-index-extends-losses-on-weaker-capesize-rates/
6. IMO welcomes new Member State, Kyrgyzstan The Kyrgyz Republic has become the latest State to join the International Maritime Organization . IMO now has 176 Member States. Kyrgyzstan deposited its instrument of acceptance to the IMO Convention with the United Nations with effect from  27 February 2024. https://cyprusshippingnews.com/2024/03/08/imo-welcomes-new-member-state-kyrgyzstan/
7. Navigare Capital raises offshore wind wager with up to three CSOV newbuilds for Norwind Offshore Denmark’s Navigare Capital Partners Norwegian is expanding its footprint in the offshore wind sector with up to three more commissioning service operation vessel newbuilds for Norwegian shipowning company Norwind Offshore. https://splash247.com/navigare-capital-raises-offshore-wind-wager-with-up-to-three-csov-newbuilds-for-norwind-offshore/
8. Shipping warned sanctions inflation is running ‘red hot’ The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data provided to Splash shows that the number of vessel-related sanctions has leapt by 380% in the 2020s so far. https://splash247.com/shipping-warned-sanctions-inflation-is-running-red-hot/
9. US probe finds questionable communications equipment on Chinese-built cranes A US congressional probe has found questionable communications equipment on Chinese-built ship-to-shore cranes at American ports including cellular modems that could be remotely accessed, according to a report carried in the Wall Street Journal. https://splash247.com/us-probe-finds-questionable-communications-equipment-on-chinese-built-cranes/
10. US Lawmakers Demand Answers from Chinese Crane Manufacturer Over Port Security Concerns Key members of the House Homeland Security Committee are seeking answers from Shanghai Zhenhua Heavy Industries (ZPMC), a firm with close ties to the Chinese Communist Party (CCP), amid growing concerns about the security of U.S. ports. https://gcaptain.com/us-lawmakers-demand-answers-from-chinese-crane-manufacturer-over-port-security-concerns/