InterManager Daily News 12.04.2024.

1. Cyprus Shipping and Energy participate at the Sea Japan exhibition in Tokyo The Shipping Deputy Ministry together with the Ministry of Energy, Commerce and Industry of Cyprus participate at the ‘Sea Japan’ international shipping exhibition in Tokyo, from April 10 to 12.https://cyprusshippingnews.com/2024/04/11/cyprus-shipping-and-energy-participate-at-the-sea-japan-exhibition-in-tokyo/
2. Interview with the Minister of Energy Commerce and Industry of Cyprus and with the Chief Scientist for Research, Innovation and Technology at the Sea Japan exhibition An interview with the Minister of Energy Commerce and Industry of Cyprus George Papanastasiou in Japan and with the Chief Scientist for Research, Innovation and Technology Demetris Skourides on the Cyprus Japan Forum on Energy and Research and Development in the maritime industry https://cyprusshippingnews.com/2024/04/11/interview-with-the-minister-of-energy-commerce-and-industry-of-cyprus-and-with-the-chief-scientist-for-research-innovation-and-technology/
3. Monjasa Holding equity exceeds 400m following second-best financial year In another year of high volatility across the global shipping markets, Monjasa Holding continued to experience an increase in total volume and realised the second-best financial performance ever, which led to an all-time high consolidated equity of USD 411m. https://cyprusshippingnews.com/2024/04/11/monjasa-holding-equity-exceeds-400m-following-second-best-financial-year/
4. New team to lead NORDEN’s FST business unit As part of Christian Vinther Christensen, COO, Freight Services & Trading , deciding to step down, NORDEN announces an internal reorganisation, which further strengthens the company’s customer focus and commercial mindset as an ocean-based freight provider. https://cyprusshippingnews.com/2024/04/11/new-team-to-lead-nordens-fst-business-unit/
5. Korean Shipbuilders Enjoy Increases in Orders for LPG and LNG Carriers in Q1 2024 While global ship orders in 2024 fell from 2023, orders for high-value-added ships such as liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carriers are on the rise, bringing smiles to Korean shipbuilders. https://cyprusshippingnews.com/2024/04/11/korean-shipbuilders-enjoy-increases-in-orders-for-lpg-and-lng-carriers-in-q1-2024/
6. New maritime security firms emerge on the back of ‘worrying’ return of Somali pirates A total of 33 incidents of piracy and armed robbery against ships were recorded around the world in the first three months of 2024, an increase from 27 incidents for the same period in 2023, according to the International Maritime Bureau, part of the International Chamber of Commerce (ICC), including two hijackings by Somali pirates. https://splash247.com/new-maritime-security-firms-emerge-on-the-back-of-worrying-return-of-somali-pirates/
7. Baltimore bridge investigation targets ship’s electrical failure Investigators in Baltimore are focusing on the Dali’s electrical power system and its circuit breakers and have called in the ship’s builder, Hyundai Heavy Industries from South Korea, with a preliminary report on this year’s most high-profile shipping accident set to be released in the first week of May. https://splash247.com/baltimore-bridge-investigation-targets-ships-electrical-failure/
8. ZIM Overtakes Yang Ming in Liner Rankings A substantial newbuilding program along with recent vessel deliveries has propelled Israeli-based ZIM ahead of Taiwan’s Yang Ming in the liner rankings, according to Alphaliner.ZIM’s fleet capacity now stands at 707,332 TEU, placing it in ninth place in Alphaliner’s rankings of the world’s largest container shipping lines. https://gcaptain.com/zim-overtakes-yang-ming-in-liner-rankings/
9. Houthis Claim Fresh Attacks on Multiple Ships Yemen’s Houthis said on Wednesday they targeted four vessels, including what they described as a U.S. warship, with drones and naval missiles in the Gulf of Aden, part of their stated campaign of solidarity with Palestinians in Gaza.https://gcaptain.com/houthis-claim-fresh-attacks-on-multiple-ships/
10. Container Corp to gain from dedicated freight corridor, says MOSL; stock trades higher Shares of Container Corporation of India (CONCOR) gained nearly 1 percent after brokerage MOSL reiterated a ‘buy’ call for the stock on potential benefits from the dedicated freight corridor. At 9:20am, the stock was trading at Rs 920.35. MOSL reiterated its ‘buy’ call on the stock with a target price (unchanged) of Rs 1,120https://www.shippingtribune.com/news/shipping/Container+Corp+to+gain+from+dedicated+freight+corridor%2C+says+MOSL%3B+stock+trades+higher