InterManager Daily News 07.05.2024.

1. Turkey’s Ince Shipping seals ultramax acquisition Ince Shipping, a Turkish owner specialising in supramaxes, is tied to its first purchase of the year.The owner has been widely reported to be looking for modern ships. Last month, the active owner was tied to purchasing a 2017-built Japanese-built ultramax, a ship they reportedly fixed and failed. Turkey’s Ince Shipping seals ultramax acquisition – Splash247
2. Dubai tug operator stands accused of being the worst serial crew abandonment offender ever The International Transport Workers’ Federation (ITF) has hit out at what it claims is the worst case of serial seafarer abandonment ever seen.Dubai’s Middle East Marine, an operator of tugs, stands accused of systematic abuse and neglect of over 100 seafarers. Dubai tug operator stands accused of being the worst serial crew abandonment offender ever – Splash247
3. Dry bulk digital efficiency drivers in the spotlight The first session at the first ever Geneva Dry conference tackled digital efficiency drivers across the dry bulk supply chain, smoothly moderated by Richard Watts from HR Maritime.The panel was tasked with outlining how digitalisation can enhance dry bulk shipping operations to the benefit of both shipowners and charterers. Dry bulk digital efficiency drivers in the spotlight – Splash247
4. Evalend Shipping raises LNG newbuild wager Greece’s Evalend Shipping has lifted its orderbook of liquified natural gas carriers to six, having booked two more units at HD Hyundai Heavy Industries in South Korea.Multiple shipbroking outfits have named the Kriton Lendoudis-led diversified owner behind the $532m deal Korea Shipbuilding & Offshore Engineering (KSOE) revealed for 174,000 cu m ships expected to deliver in the first half of 2028. Evalend Shipping raises LNG newbuild wager – Splash247
5. Japan’s Kasuga adds to ultramax orders in China Japanese owner Kasuga Kaiun has returned to Chinese builder New Dayang to order its third ultramax bulk carrier newbuild at the shipbuilding arm of state-run machinery manufacturer Sumec Group. Japan’s Kasuga adds to ultramax orders in China – Splash247
6. Big Oil’s Embrace Of Deepwater Exploration As Big Oil returns this week to the industry’s annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight.Offshore exploration had dimmed after the U.S. shale boom ushered in new and cheaper-to-tap supplies of oil, and as past offshore cost overruns pushed deepwater projects onto the industry’s backburner. Big Oil’s Embrace Of Deepwater Exploration
7. How Western Sanctions Are Strangling Putin’s Arctic Gas Ambitions Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. But there’s at least one spot where the pain is very real. How Western Sanctions Are Strangling Putin’s Arctic Gas Ambitions
8. Adani Firm APSEZ Plans Port Development In Philippines APSEZ Managing Director Karan Adani Met The Philippines President Ferdinand R Marcos Jr At Malacanang In A Courtesy Call To Discuss Adani Group’s Plans For The Port.Adani Group firm APSEZ is eyeing the Philippines’ Bataan province to develop a port, a statement issued by the office of the president of the Philippines said Shipping Tribune
9. Met coal imports from Russia jump nearly three- fold in last 3 fiscals Imports of metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm. Russia’s share in India’s metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 per cent from around 8 per cent in 2021-22, research firm Big Mint said in a statement. Shipping Tribune
10. Private ports outpace central peers in FY24; register double-digit growth India’s private ports continued to outperform those owned by the central government in 2023-24 (FY24), registering double-digit growth compared to 4.45 per cent growth for major ports, according to the Ministry of Ports, Shipping and Waterways data. At 721 million tonnes (mt), non-major ports saw their cargo increase by 11.18 per cent year-on-year in the previous financial year. In contrast, major ports ended FY24 handling 818 mt of goods.
Major ports are those owned by the central government through the Ministry of Ports, Shipping and Waterways, while non-major ports are owned by state governments and private players.Shipping Tribune