1. Shipping Deputy Ministry of Cyprus participated at the Great Britain – Cyprus Business Association International Investment Conference in Limassol The Shipping Deputy Minister to the President, Ms. Marina Hadjimanolis, participated on Thursday, 9 May at the International Investment Conference 2024 organised by the Great Britain -Cyprus Business Association in Limassol. The Shipping Deputy Minister addressed the conference and outlined the advantages in shipping and the abundant investment opportunities in Cyprus. Shipping Deputy Ministry of Cyprus participated at the Great Britain – Cyprus Business Association International Investment Conference in Limassol – Cyprus Shipping News
2. Donation by the Cyprus Union of Shipowners to the “AMALTHEA” initiative for providing humanitarian aid to Gaza Cyprus Union of Shipowners decided to actively participate and contribute to the efforts of the President of the Republic of Cyprus, Mr. Nikos Christodoulides and the Ministry of Foreign Affairs to provide humanitarian aid to Gaza through the “Amalthea” Initiative. The said initiative of the Cypriot Government has garnered worldwide recognition and commendation from the International Community. Donation by the Cyprus Union of Shipowners to the “AMALTHEA” initiative for providing humanitarian aid to Gaza – Cyprus Shipping News
3. Stowage of heavy lift cargo legal and insurance implications The project cargo trade, as with many segments of the shipping industry, experienced a boom during the pandemic owing to the constraints on available tonnage to match demand. This development emphasised the importance of careful stowage of multifaceted cargoes, as contracting parties sought to optimise cargo space on vessels. Whilst market conditions may have changed somewhat, correct stowage remains vital to charterers involved in this trade. Strict compliance with the vessel’s cargo securing manual is essential. Stowage of heavy lift cargo legal and insurance implications – Cyprus Shipping News
4. Trafigura acquire Greenergy’s Canadian operations Trafigura Group and Greenergy, announce that Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum. This complements Trafigura’s proposed acquisition of Greenergy’s European operations announced on 4 March 2024. The acquisitions are subject to customary closing conditions and regulatory approvals. Trafigura acquire Greenergy’s Canadian operations – Cyprus Shipping News
5. The Mission to Seafarers raised US1.3m from Adventure Race Japan in 2023 for seafarer welfare – will you help us beat this in 2025 Leading international seafarers’ welfare charity, The Mission to Seafarers, has launched its second Adventure Race Japan, taking place in May 2025, with entries now open.Kicking the event off in Tokyo at the end of Sea Japan, in Singapore at the end of Singapore Maritime Week, and finally in Hong Kong, more than 300 guests attended these exciting launch evenings for ARJ 2025. The Mission to Seafarers raised US1.3m from Adventure Race Japan in 2023 for seafarer welfare – will you help us beat this in 2025 – Cyprus Shipping News
6. Shots fired off Somalia A merchant vessel has reported a suspicious approach by a blue-hulled small boat with several armed men some 170 kilometres northwest of Bosaso, SomaliaMaritime security consultancy Ambrey has stated that the vessel was approached from the starboard side of the unnamed vessel to within 100 metres. Shots fired off Somalia – Splash247
7. Spot box prices spike Spot box rates are steeply in the ascendant, showing upticks this month akin to the start of Red Sea shipping crisis, or even the onset of the covid pandemic. Drewry’s weekly composite global index published yesterday increased 16% to $3,159 per feu and has increased by 81% when compared with the same week last year. Spot box prices spike – Splash247
8. 44-foot Whale Carcass On Bow Of Cruise Ship Baffles NY Authorities Marine conservationists and government scientists are seeking clues to the mystery of how a 44-foot whale carcass ended up on the bow of a cruise liner, where it was discovered as the ship approached New York City’s Port of Brooklyn over the weekend. 44-foot Whale Carcass On Bow Of Cruise Ship Baffles NY Authorities
9. Worker Dies In Accident At Peru’s Chancay Megaport Project Hong Kong-based Cosco Shipping Ports said on Saturday that a worker died in an early-morning accident at a megaport it is building on Peru’s Pacific coast.The worker was doing sanding and painting work at the deepwater Chancay Port Terminal when the accident occurred, the company said in a statement. Worker Dies In Accident At Peru’s Chancay Megaport Project
10. A ‘carrier-controlled market’ as spot rates rise and capacity tightens “You take away all sense and rationale. And whatever is left, is the container shipping market,” said Peter Sand, Xeneta’s chief analyst, today.“It has certainly been a mad week,” added a European freight forwarder. Shipping Tribune
InterManager Daily News 13.05.2024.
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