InterManager Daily News 06.05.2024.

1. Houthi leader vows to escalate attacks The leader of the Houthis has said his militia will escalate attacks unless Israel ends its war in Gaza and the US stops attacking Yemen. “We are preparing for a fourth round of escalation if the Israeli enemy and the Americans continue their intransigence,” Abdul Malik Al-Houthi said in a televised speech on Thursday. Houthi leader vows to escalate attacks – Splash247
2. Iran releases MSC Aries crew Iran has released all the crew of the MSC Aries, a 15,000 teu box ship abducted by Iranian special forces last month. Speaking to the Estonian foreign minister, Margus Tsahkna, Hossein Amir-Abdollahian stated that the seized ship had turned off its transponders in the territorial waters of Iran and jeopardised “the security of navigation”. Iran releases MSC Aries crew – Splash247
3. US sanctions four shipping firms among nearly 300 suppliers linked to Russia The United States has placed sanctions on more than 280 individuals and entities linked to Russia with four of them being shipping companies working on the Arctic LNG 2 project.With this massive-scale sanction wave, the US targeted Russia’s future energy, metals, mining, and export capacity as well as sanctions evasion and circumvention – all in an attempt to hinder Russia’s ability to wage its war against Ukraine. US sanctions four shipping firms among nearly 300 suppliers linked to Russia – Splash247
4. Lomar focuses on building its dry bulk fleet Lomar is to deliver a further bulk vessel into service this month, its ninth acquisition in the past year.The newly renamed Ebury Trader will commence a long-term chartering arrangement with a global logistics provider, following the completion of upgrades at a shipyard in China that includes the installation of energy-saving devices. Lomar focuses on building its dry bulk fleet – Splash247
5. Norwegians make tanker moves Norwegian shipowners have stayed quiet this year, with few deals to report. This has now changed. A string of deals is reported in the clean tanker segment. Brokers report this week that Bergen-based investment outfit Tailwind has snapped up two 20,000 dwt, 2016-built chemical tankers, TRF Kobe and TRF Kristiansand for $66 m. The ships are listed as owned by Hansa Tankers, while they have been with the Transportation Recovery Fund. Norwegians make tanker moves – Splash247
6. China Has 350 Warships. The US Has 290. That’s a problem. There are plenty of disagreements between Beijing and Washington — from Taiwan to human rights to aiding Russia — but the most immediately dangerous is China’s ownership claim of essentially the entire South China Sea.On his recent trip to China, US Secretary of State Antony Blinken did well in conveying America’s desire keep the bilateral relationship on a relatively stable course. Meeting with President Xi Jinping and Foreign Minister Wang Yi, he discussed zones of cooperation including curbing fentanyl and expanding military-to-military communications. China Has 350 Warships. The US Has 290. That’s a problem.
7. Construction of U.S. Military Pier for Gaza Changes Location Due to Weather The U.S. military said on Friday it was temporarily pausing the offshore construction of a maritime pierbecause of weather conditions and instead would continue building it at the Israeli port of Ashdod.The maritime pier, once built, will be placed off the coast of Gaza in a bid to speed the flow of humanitarian aid into the enclave. Construction of U.S. Military Pier for Gaza Changes Location Due to Weather
8. Tidewater Reports Stellar Q1 Results and Reiterates Positive Outlook for 2024 Tidewater Inc. (NYSE:TDW), a leading global provider of offshore service vessels (OSVs), reported impressive first quarter results as day rates for OSVs continue to rise.Shares of Tidewater rose more than than 13% by midday on Friday. Tidewater Reports Stellar Q1 Results and Reiterates Positive Outlook for 2024
9. Atlantic dry bulk market strength likely to wane in May on higher tonnage concerns Market participants in the East Coast South America region maintained a slightly bearish tone for the Atlantic Panamax dry bulk market amid concerns on deteriorating fundamentals, citing an oversupply of ships despite a healthy cargo book extending through May. The ECSA region is a crucial support pillar within the Atlantic Panamax dry bulk market during the peak grain season.Shipping Tribune
10. Adani Ports forecasts 10-14% port cargo growth in FY2025 Adani Ports And Special Economic Zone Ltd Said In An Analysts Conference Call That It Expects Port Cargo To Grow By 10-14 Percent In FY2025, With Revenue/EBITDA Growth In Line.Adani Ports and Special Economic Zone Ltd said in an analysts conference call that they expect port cargo to grow 10-14 percent in FY2025, with revenue/EBITDA growth in line.The company plans to invest Rs 10,500 crore-11,500 crore in capital expenditure. Shipping Tribune