InterManager Daily News 02.04.2024.

1. Rupert Harris, CEO of Steamship Mutual Europe explains war cover risk in a podcast The Club delves into the complex topic of war risk insurance, highlighting the need for comprehensive coverage amid escalating tensions in regions such as Ukraine and the Red Sea. Rupert Harris, CEO of Steamship Mutual Europe, and Head of Reinsurance, explains the War Risk covers available in the market and how Owners and Charterers can secure their operations against these unpredictable threats through the Club.
2. Baltimore bridge collapse disrupts local traffic, global shipping says S&P Global Analysis On March 26, the Francis Scott Key Bridge in Baltimore collapsed after being struck by a containership operated by AP Moeller Maersk A/S on an international route between the US east coast and Asia. The collapse blocks the main access to the port of Baltimore and traps six bulk carriers and two navy vessels.
3. Houthis could partner with Iran, Somali pirates on Indian Ocean attacks Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships in the Indian Ocean, potentially with drones and assisted by Iran and Somali pirates, security specialists said.
4. East Mediterranean hubs suffer as Red Sea crisis persists The re-routing of mainline vessels via the Cape of Good Hope has resulted in a steep downturn in vessel call capacity across East and Central Mediterranean hub ports, but West Mediterranean ports have shown more resilience.With no resolution to the security situation in the Red Sea, carriers continue to divert mainline vessels trading between Asia and Europe via the Cape of Good Hope.
5. BIMCO adopts SHIPMAN 2024 The updated version of SHIPMAN, BIMCO’s widely used ship management agreement, was adopted by the Documentary Committee at its meeting on 22 March in Hamburg after a two-year review process involving shipowners, managers, P&I Clubs, insurance and legal experts.
6. Shipowners selected for 19 QatarEnergy LNG newbuilds QatarEnergy has firmed up its massive LNG shipbuilding program at 104 vessels, having finalised charter contracts with Asian shipowners for 19 newbuilds that will be built in South Korea.The state-owned LNG giant has inked long-term contracts to charter six 174,000 cu m ships from China Merchants Energy Shipping (CMES) LNG Carrier Investment, another six from Shandong Marine Energy and three vessels from Malaysia’s MISC, all to be constructed by Samsung Heavy Industries.
7. Hong Kong becomes first major victim of global liner network redesigns The world’s most rapidly declining major container port is braced for further huge throughput drops in the coming couple of years.Hong Kong, which 20 years ago was the largest container port in the world, is increasingly being shunned by global liners.
8. Greece’s Cape Shipping signs for tanker newbuilds The Andrianopoulos family and its Cape Shipping have embarked on their first tanker newbuilding project at two Chinese shipyards.The Athens-based company is widely reported to have placed orders for two suezmax tankers at Shanghai Waigaoqiao Shipbuilding.
9. Newport makes newbuild debut Greece’s Newport is set to expand its fleet of Japanese-built bulk carriers with its inaugural newbuilding project for three kamsarmaxes.Brokers tell Splash the George Chatzis-led owner has quietly finalised a deal with Oshima Shipyard in Japan for delivery of three 82,000 dwt newbuilds in 2025 and 2026. No price has been revealed.
10. Bulgarian Cruise Ship Crashes Into Wall On Danube In Austria, Injuring 11 Eleven people were injured when a Bulgarian cruise ship crashed into a concrete wall in a sluice on the River Danubein the northern Austrian town of Aschach an der Donau overnight, local police said on Saturday.Some 160 passengers were aboard the ship traveling from Bavaria in Germany to the Austrian city of Linz, a spokesperson for police in the nearby town of Eferding said.


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