InterManager Daily News 23.05.2024.

1. European ports turned into car parks as EV makers hunt buyers Sales of electric cars in Europe are relatively low, but it is just one reason why the vehicles are piling up in Europe’s major ports.A growing number of imported electric cars, many of them from China, are stuck at the ports of Europe as manufacturers and distributors struggle with a slowdown in sales. European ports turned into car parks as EV makers hunt buyers – Cyprus Shipping News
2. Three-Quarters of Enterprises now localising Training Content Research from RWS suggests that learning and development (L&D) professionals are increasingly aware of the benefits of localizing their training content, with almost three-quarters (73%) of global enterprises now translating content for employees. Encouragingly, half (50%) expect to localize even more training content in the next 12 months, seeking to deliver more compelling learning experiences, higher rates of completion and improved job performance. Three-Quarters of Enterprises now localising Training Content – Cyprus Shipping News
3. Overseas Shipholding Group enters into a definitive agreement to be acquired by Saltchuk Resources, Inc. Overseas Shipholding Group, Inc. (“OSG” or the “Company”) (NYSE: OSG), a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products primarily in the U.S. Flag markets, and Saltchuk Resources, Inc. (“Saltchuk”), a privately owned family of diversified freight transportation, marine service, and energy distribution companies, today announced that they have entered into a definitive merger agreement pursuant to which Saltchuk has agreed to acquire OSG in a transaction that values the Company at an aggregate equity value of approximately $653 million and a total transaction value of $950 million. Overseas Shipholding Group enters into a definitive agreement to be acquired by Saltchuk Resources, Inc. – Cyprus Shipping News
4. Cabotage: Australia can issue substantial fines In a shipping context, cabotage refers to transporting goods/passengers between two ports or places within the same country by a vessel registered in another country. While the definition is the same around the world, specific cabotage laws and regulations can vary significantly between different countries. Cabotage: Australia can issue substantial fines – Cyprus Shipping News
5. The world’s first methanol-powered container ship now on weekly service to the Port of Gothenburg A new feeder service started calling regularly at the Port of Gothenburg. The world’s first container ship powered by green methanol, Laura Maersk, operates the service sailing between the Port of Gothenburg and Bremerhaven. The world’s first methanol-powered container ship now on weekly service to the Port of Gothenburg – Cyprus Shipping News
6. Pyxis Tankers expands further into dry bulk in new deal with boss Valentis Greek owner Pyxis Tankers is adding a third bulk carrier in another joint venture with its chairman and chief executive, Valentios (Eddie) Valentis.The Nasdaq-listed firm is buying the 2015-built kamsarmax Konkar Venture in a deal worth $30m, funded by $16.5m of bank debt, $13.2m in cash and the new issuance of $1.5m of restricted common shares. Pyxis Tankers expands further into dry bulk in new deal with boss Valentis – Splash247
7. Havfram pens offshore wind installation deal with Iberdrola Norwegian contractor Havfram has signed a contract with Spanish electric utility company Iberdrola for the installation of 21 Siemens Gamesa wind turbines at the Windanker project in the Baltic Sea.The agreement covers transport and installation support, which will be executed by one of Havfram’s newbuild NG20000X-HF wind turbine installation vessels. The contract will start in the summer of 2026.Havfram pens offshore wind installation deal with Iberdrola – Splash247
8. Baltimore Bridge Collapse: Navigation Restored In a significant development for commercial shipping in the Port of Baltimore, the Captain of the Port (COTP) has announced that the reopening of the Fort McHenry Limited Access Channel following the successful refloating and removal of the M/V Dali. Baltimore Bridge Collapse: Navigation Restored
9. Georgia Ports Set New Ro-Ro Cargo Record The Georgia Ports Authority reported a record 80,600 units of Roll-on/Roll-off cargo in April, a 44% increase compared to the same month last year.April 2024 outpaced March 2024, becoming the busiest month ever for ro-ro cargo volumes. Georgia Ports Set New Ro-Ro Cargo Record
10. India’s Russian oil imports rise to nine-month high in April India’s Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia’s largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company’s ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions. Shipping Tribune