InterManager Daily News 26.04.2024.

1. Visit of the Shipping Deputy Minister Marina Hadjimanolis to China in the framework of the continuous efforts to promote Cyprus shipping The Shipping Deputy Minister, Marina Hadjimanolis, is travelling to Guangzhou in China, where she will attend the naming ceremony of the newly built cargo ship ‘AAL LIMASSOL’, owned by AΑL Shipping which is part of the Schoeller Holdings group of companies, owned by Mr. Heinrich Schoeller. The ship has been constructed to the highest standards and modern environmental specifications and will be registered in the Register of Cyprus Ships. Visit of the Shipping Deputy Minister Marina Hadjimanolis to China in the framework of the continuous efforts to promote Cyprus shipping – Cyprus Shipping News
2. Watson Farley & Williams advises Danaos on US$450M newbuilding vessel financing Watson Farley & Williams (“WFW”) advised Danaos Corporation (“Danaos”) on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction in the Daehan, Dalian and Qingdao shipyards to be delivered in 2024-2025. The lending syndicate comprised four major shipping banks. Watson Farley & Williams advises Danaos on US$450M newbuilding vessel financing – Cyprus Shipping News
3. Updated transit levels at Panama Canal don’t faze LNG shippers Despite a recent announcement that the Panama Canal Authority is set to add a slot for daily transits through the canal’s Neopanamax locks, US LNG shippers remain focused on the Cape of Good Hope route to reach Asia as the canal authority works to reach pre-drought operation levels. Updated transit levels at Panama Canal don’t faze LNG shippers – Cyprus Shipping News
4. WISTA International’s ExCo mid-term meeting and conference champions connectivity and diversity in the maritime industry After a successful mid-term meeting of the ExCo of WISTA International, the Women’s International Shipping & Trading Association holds its Mid-Term Conference with the theme “We Are All Connected in Shipping.” Hosted and organised by WISTA Türkiye, this pivotal event brings together industry leaders, experts and stakeholders to explore the interconnectedness of the global shipping sector and advocate for greater diversity and inclusion. WISTA International’s ExCo mid-term meeting and conference champions connectivity and diversity in the maritime industry – Cyprus Shipping News
5. The Oil Price Cap – requirement to provide voyage attestations and alert from the Price Cap Coalition Reference is made to Circular from 1 February 2024 wherein changes to the Oil Price Cap (OPC) scheme (which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes) coming into effect as of 19 February 2024 (UK and US) and for cargoes loaded on or after 20 February 2024 (EU) was described. The Oil Price Cap – requirement to provide voyage attestations and alert from the Price Cap Coalition – Cyprus Shipping News
6. BHP bids for Anglo American In one of the largest potential mining mergers in more than a decade, London-listed Anglo American has confirmed it has received an “unsolicited, non-binding and highly conditional” proposal from Australia’s BHP, the world’s largest mining company. BHP bids for Anglo American – Splash247
7. Denmark’s Simonsen orders eight chemical tankers in China Danish owner Rederiet MH Simonsen has contracted for eight stainless steel chemical tankers at the reborn Chinese yard, New Jiangzhou Shipbuilding.The Svendborg-based company will see the 6,800 dwt IMO type II vessels equipped with a methanol dual-fuel system and an independent energy storage unit. Denmark’s Simonsen orders eight chemical tankers in China – Splash247
8. Philly Shipyard and HD Hyundai Heavy Industries Look Toward Future Collaboration U.S. shipbuilder Philly Shipyard, Inc. and HD Hyundai Heavy Industries Co., Ltd. (HHI), South Korea’s largest shipbuilding group, have signed a Memorandum of Understanding (MOU) to explore opportunities for collaboration on future U.S. government shipbuilding and maintenance, repair and overhaul (MRO) projects. Philly Shipyard and HD Hyundai Heavy Industries Look Toward Future Collaboration
9. Hanwha Ocean Moves to Advance Ammonia Fuel in Shipping One of the world’s leading shipbuilders, Hanwha Ocean of South Korea, is joining forces with New York-based Amogy to fast-track the implementation of Amogy’s zero-emission ammonia-to-power technology for ammonia-fueled vessels. Hanwha Ocean Moves to Advance Ammonia Fuel in Shipping
10. Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.Shipping Tribune