InterManager Daily News 10.04.2024.

1. Eagle shareholders approve merger with Star Bulk Eagle Bulk Shipping Inc. today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023 (the “Merger Agreement”), entered into by and among Star Bulk Carriers Corp. (“Star Bulk”), Star Infinity Corp. https://cyprusshippingnews.com/2024/04/09/eagle-shareholders-approve-merger-with-star-bulk/
2. Getting ready for FuelEU Maritime In less than a year, FuelEU Maritime enters into force, meaning that vessels in the EU will have to operate using less carbon intensive energy sources. Non-compliance can result in significant penalties.Shipping, and in particular shipowners, may feel that the past couple of years have been overwhelming in terms of adapting to new decarbonisation regulations. https://cyprusshippingnews.com/2024/04/09/getting-ready-for-fueleu-maritime/
3. Baltimore can use grant to boost cargo shipments, US transport department says The U.S. Transportation Department said it reached an agreement with Baltimore County to revise an $8.26 million grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo.Repurposing the funds will allow a boost in cargo to Sparrows Point at the Port of Baltimore, which is outside the area affected by last week’s collapse of Baltimore’s Francis Scott Key Bridge and continues to move cargo. https://cyprusshippingnews.com/2024/04/09/baltimore-can-use-grant-to-boost-cargo-shipments-us-transport-department-says/
4. Shipping disruptions in the Red Sea: Local shock, global impact Recent attacks on ships navigating along the Red Sea have led vessels to reroute through the Cape of Good Hope, at the southern tip of Africa. This column studies the impact of these events on global shipping and introduces a multi-country general equilibrium model to study such events’ aggregate implications. https://cyprusshippingnews.com/2024/04/09/shipping-disruptions-in-the-red-sea-local-shock-global-impact/
5. Can onboard carbon capture tech clean up the shipping sector? This may look like some crates on a cargo ship.But it’s actually an onboard carbon capture system designed to suck carbon emissions from the air and turn them into stone.It’s one of the ways the shipping industry is exploring to reduce their climate footprint. https://cyprusshippingnews.com/2024/04/09/can-onboard-carbon-capture-tech-clean-up-the-shipping-sector/
6. Borr Drilling bags nearly $160m worth of jackup deals Tor Olav Trøim-backed jackup rig player Borr Drilling has won new contracts worth a total of $158.6m.The Oslo-and New York-listed company has secured a combined utilisation of 820 days for the 2013-built Prospector 1, the 2018-built Gunnlod and another rig yet to be determined. https://splash247.com/borr-drilling-bags-nearly-160m-worth-of-jackup-deals/
7. ‚Compelling’ tanker orderbook augurs well for rates through to 2026 The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. https://splash247.com/compelling-tanker-orderbook-augurs-well-for-rates-through-to-2026/
8. U.S. Forces Take Down Narco Sub in Atlantic Ocean A specialized U.S. Coast Guard law enforcement unit embarked on USS Leyte Gulf, a Ticonderoga-class guided missile cruiser, successfully intercepted and seized a semi-submersible vessel carrying thousands of pounds of cocaine in the U.S. Southern Command’s operational area. https://gcaptain.com/u-s-forces-take-down-narco-sub-in-atlantic-ocean/
9. Gulf of Mexico Pipeline Repaired After Mystery Oil Spill Off Louisiana A specialized U.S. Coast Guard law enforcement unit embarked on USS Leyte Gulf, a Ticonderoga-class guided missile cruiser, successfully intercepted and seized a semi-submersible vessel carrying thousands of pounds of cocaine in the U.S. Southern Command’s operational area. https://gcaptain.com/u-s-forces-take-down-narco-sub-in-atlantic-ocean/
10. New shipping service to enhance connectivity between Saudi and African ports Maritime connectivity between Saudi and African ports is set to improve with the introduction of a new shipping service by German container transportation firm Hapag-Lloyd.The new route, called JDX, will connect the Jeddah Islamic Port to African harbors including Tangier in Morocco and Damietta in Egypt, as announced by the Saudi Ports Authority, also known as Mawani. https://www.shippingtribune.com/news/shipping/New+shipping+service+to+enhance+connectivity+between+Saudi+and+African+ports