InterManager Daily News 16.04.2024.

1. Naval And Military Rearmament To Face New Threats Could Cost $10 Trillion A new era of global rearmament is gathering pace, and it will mean vast costs and some tough decisions for western governments already struggling with shaky public finances. Naval And Military Rearmament To Face New Threats Could Cost $10 Trillion
2. Ukraine War Enters New Phase With Oil In The Crosshairs Russia and Ukraine may have struggled to shift things significantly on the battlefield for more than 16 months, but a new phase of the war is moving the needle in a way that’s having wider repercussions. Ukraine War Enters New Phase With Oil In The Crosshairs
3. Philippines Tells US It Will Assert South China Sea Rights The Philippines is determined to assert its sovereign rights in the South China Sea, its foreign secretary said on Friday at a meeting with U.S. allies to show support for Manila over an increasingly fraught standoff with China in the strategic waterway. Philippines Tells US It Will Assert South China Sea Rights
4. Somali Pirates Claim MV Abdullah Was Released After $5 Million Ransom Was Paid Somali pirates released a hijacked ship, MV Abdullah, and its crew of 23 early on Sunday after a $5 million ransom was paid, according to two pirates.“The money was brought to us two nights ago as usual… we checked whether the money was fake or not. Then we divided the money into groups and left, avoiding the government forces,” Abdirashiid Yusuf, one of the pirates, told Reuters. Somali Pirates Claim MV Abdullah Was Released After $5 Million Ransom Was Paid
5. Cyprus to host first Commonwealth Ocean Ministers meeting The inaugural Commonwealth Ocean Ministers Meeting will be held on 19 April 2024 in Cyprus, under the theme ‘Our Resilient Common Ocean: from Cyprus to Samoa’. It follows a call by leaders at the Commonwealth Heads of Government Meeting in Rwanda in 2022, to consolidate action on the conservation and sustainable use of the ocean, seas, and marine resources. Cyprus to host first Commonwealth Ocean Ministers meeting – Cyprus Shipping News
6. ZeroNorth to launch new service enabling seamless integration of eBDN data between suppliers and buyers, enhancing transparency, speed and precision Technology company ZeroNorth has today announced it is launching a new service to enhance data integration between bunker suppliers and buyers using its eBDN (Electronic Bunker Delivery Note) solution. ZeroNorth to launch new service enabling seamless integration of eBDN data between suppliers and buyers, enhancing transparency, speed and precision – Cyprus Shipping News
7. Mission to Seafarers joins Sustainable Shipping Initiative and highlights need for seafarers to be front and centre in shipping transition The Sustainable Shipping Initiative today announces The Mission to Seafarers as its newest member, further highlighting the importance of seafarers and seafarers’ rights and welfare in building a sustainable maritime industry. Mission to Seafarers joins Sustainable Shipping Initiative and highlights need for seafarers to be front and centre in shipping transition – Cyprus Shipping News
8. US investigators interview ship personnel in Baltimore bridge collapse U.S. National Transportation Safety Board chair Jennifer Homendy said at a Senate hearing Wednesday that investigators had conducted interviews with key cargo ship personnel in the investigation of the March 26 Baltimore bridge collapse. US investigators interview ship personnel in Baltimore bridge collapse – Cyprus Shipping News
9. Loss of purchasing power across the global continues to fuel cargo crime In the recently published Annual Cargo Theft Report 2023 TT Club and BSI SCREEN Intelligence pinpoint high inflation as a primary macroeconomic driver of cargo crime patterns. The rise in food and beverages as a stolen commodity is one such indicator. Loss of purchasing power across the global continues to fuel cargo crime – Cyprus Shipping News
10. Fredriksen signs for newcastlemax newbuilds John Fredriksen’s family holding company, Seatankers Management, has come back to Qingdao Yangfan yard in China with a newbuilding deal in the largest bulk carrier segment. Fredriksen signs for newcastlemax newbuilds – Splash247