InterManager Daily News 29.03.2024.

1. Union Maritime in for more Wuhu tankers UK shipowner Union Maritime has increased its tanker orderbook with six newbuilds contracted at China’s Wuhu Shipyard.The Laurent Cadji-led outfit has signed up for four more 18,500 dwt chemical tankers and a pair of 49,000 dwt MR2 vessels, worth about $210m in total.
2. Sinokor takes Euronav VLCCs South Korea’s Sinokor Merchant Marine is staying active in the secondhand market with another play in the VLCC sector.The South Korean shipowner has been named as the buyer of three ships that Belgian tanker giant Euronav announced as sold last week.
3. Stena Drilling to upgrade Stena Evolution ultra-deepwater drillship Stena Drilling, a subsidiary of Sweden’s Stena, has announced it would be upgrading its 7th generation drillship Stena Evolution to enable drilling and completing wells requiring 20,000 psi pressure controls.
4. Dynacom boosts suezmax orderbook at New Times George Procopiou has returned to New Times Shipbuilding in China for a series of suezmax newbuilds.Procopiou’s Dynacom Tankers has booked eight 158,000 dwt ships at one of its most trusted yards, where it also has LR1s and VLCCs under construction.
5. Ocean Installer awarded more work by Equinor Marine construction contractor Ocean Installer has secured more work with Equinor in the Norwegian Sea.The new contract covers the so-called subsea lines modification (SLM) project on the Ă…sgard A production vessel, adding to previously secured projects in 2023 on Vigdis, Visund, Ă…sgard C and the Northern Lights CO2 pipeline.
6. Six Workers Presumed Dead in Baltimore Bridge Collapse Six workers were missing and presumed dead from a bridge that collapsed in Baltimore Harbor early on Tuesday after a massive cargo ship crippled by a power loss rammed into the structure, forcing the closure of one of the busiest ports on the U.S. Eastern Seaboard.
7. Strong First Quarter for Carnival Corporation as Revenue and Bookings Hit Record The world’s largest cruise company Carnival Corporation has announced record revenue and all-time high bookings in the first quarter of 2024.Revenues for the three months ending in February hit a record $5.4 billion marking a 26% increase from the same period 2023 thanks, in part, to record net yields and record net per diems, both of which far exceeded levels from the previous year.
8. Georgia Ports Authority Approves Major Upgrades at Savannah Container Terminal The Georgia Ports Authority (GPA) has greenlit contracts worth $65.6 million for container yard work at Savannah’s Ocean Terminal. The 200-acre facility is set to see significant improvements in its container handling capacity by late 2027, according to Griff Lynch, GPA President and CEO.
9. Adani Ports acquires Gopalpur Ports: All the ports and terminals Adani owns from Mundra to Haldia Located in the east coast of India, Gopalpur Ports is the latest port to be picked by Adani Ports and Special Economic Zone. Adani Ports acquired a 95 per cent stake in the port located in Odisha for an enterprise value of Rs 3,080 crore. Adani Ports’ stake in Gopalpur Ports comes as it plans to expand its presence in the eastern coast.
10. Recent US sanctions may have muted impact on India’s Russian oil buys, could deepen discounts The latest round of US sanctions targeting Russian shipping major Sovcomflot has led to Indian refiners avoiding oil transported on the shipper’s fleet, but the impact of the situation is only expected to be muted on the overall crude oil trade between Moscow and New Delhi, as per an analysis by commodity market analytics firm Vortexa. The agency, in fact, sees the possibility of deeper discounts being offered on Russian oil going forward as buyers may insist on stricter compliance with the G7 price cap of $60 per barrel on seaborne Russian crude.


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