InterManager Daily News 12.06.2024.

1. Posidonia 2024 sees flury of new business deals as shipping industry makes statement of intent in a boost for global trade and economic growth. The 28th edition of the biennial Posidonia Exhibition came to an end today proving once again that it is the most sought-after event to conduct business and set the policy agenda for an industry that controls over 80% of the world trade and is projected to be worth $4.2 trillion by 2031, growing at a CAGR of 7% till 2031.
https://cyprusshippingnews.com/2024/06/10/posidonia-2024-sees-flury-of-new-business-deals-as-shipping-industry-makes-statement-of-intent-in-a-boost-for-global-trade-and-economic-growth/
2. Tototheo Global and Neuron partner to bring AI-optimised multi-provider satellite connectivity to the maritime industry Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered quality of experience management platform to vessels contracted to Tototheo. Through this partnership, Tototheo Global and Neuron will address a growing need for ships as they increasingly engage with multiple satellite providers and networks – the need for increased transparency and technologies to help vessels switch seamlessly between different service deliveries.
https://cyprusshippingnews.com/2024/06/10/tototheo-global-and-neuron-partner-to-bring-ai-optimised-multi-provider-satellite-connectivity-to-the-maritime-industry/
3. KeelX and Veracity by DNV Forge Strategic Partnership drive environmental sustainability in Maritime Industry KeelX, a Limassol-based innovative maritime software provider, is thrilled to announce a transformative partnership with Veracity, the leading maritime emissions cloud from the internationally accredited registrar and classification society DNV. This collaboration is poised to redefine data sharing and verification processes for emissions data, serving the collective interests of their shared clientele.
https://cyprusshippingnews.com/2024/06/10/keelx-and-veracity-by-dnv-forge-strategic-partnership-drive-environmental-sustainability-in-maritime-industry/
4. HD Hyundai Marine Solution successfully implements EPLO retrofit service, demonstrating technological excellence in eco-friendly ship conversions HD Hyundai Marine Solution, a global leading company in the eco-friendly ship retrofitting business, has recently successfully completed an Engine Part Load Optimization  project for a Pure Car and Truck Carrier. The vessel, MV Morning Concert, is the first of up to eight car carriers from Wallenius Wilhelmsen to undergo EPLO retrofits based on agreement signed with HD Hyundai Marine Solution and leading turbocharger company Accelleron in October 2023.
https://cyprusshippingnews.com/2024/06/10/hd-hyundai-marine-solution-successfully-implements-eplo-retrofit-service-demonstrating-technological-excellence-in-eco-friendly-ship-conversions/
5. FreeStar a new force in Subsea Services FreeStar Subsea Services is a new company born from the merger of Vriezoo ROV Services and Mark Offshore. The collaboration offers a unique combination of ROV and survey support services with FreeStar’s own, recently acquired and outfitted vessel, the SSV Navicula Star. While most mid-sized subsea companies specialize in either vessel or ROV services, FreeStar’s owners believe that this combination will give the new offshore service provider a competitive edge.
https://cyprusshippingnews.com/2024/06/10/freestar-a-new-force-in-subsea-services/
6. UAE investor takes over Danish Ship Finance Magellan, set up by Abu Dhabi-based Hassan El Ali after he sold offshore support vessel owner and operator Zakher Marine International (ZMI) to ADNOC Logistics & Services, is buying the majority of Danish Ship Finance from Nordic private equity firm Axcel and two Danish pension funds, PFA and PKA, which together bought the company in 2016.
https://splash247.com/uae-investor-takes-over-danish-ship-finance/
7. Well-to-wake study makes the case for ammonia A new study suggests that greenhouse gas (GHG) reductions of up to 61% are now achievable from using ammonia as a marine fuel, depending on the marine technology employed. This figure is compared with the emissions of current oil-based marine fuels measured from well-to-wake (WtW).
https://splash247.com/well-to-wake-study-makes-the-case-for-ammonia/
8. Offshore Consolidation Continues as Noble Corp Offers $1.6 Billion for Rival Diamond Offshore Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation. Diamond Offshore‘s shares rose 9.3% in morning trade, while Noble gained 4%.
https://gcaptain.com/offshore-consolidation-continues-as-noble-corp-offers-1-6-billion-for-rival-diamond-offshore/
9. Bulk Carrier Safely Escorted to Thunder Bay After Flooding Incident on Lake Superior The Canadian-flagged M/V Michipicoten, a 689-foot bulk carrier carrying taconite, was safely escorted to Thunder Bay, Ontario, after experiencing significant flooding in Lake Superior on Saturday. The Canadian-flagged M/V Michipicoten, a 689-foot bulk carrier carrying taconite, was safely escorted to Thunder Bay, Ontario, after experiencing significant flooding in Lake Superior on Saturday.
https://gcaptain.com/bulk-carrier-safely-escorted-to-thunder-bay-after-flooding-incident-on-lake-superior/
10. Morocco’s Tanger Med Port Expects to Exceed Nominal Container Capacity  Morocco’s Tanger Med port expects to top its nominal processing capacity of nine million containers this year, the port’s deputy managing director told Reuters, adding security problems in the Red Sea had had little impact on traffic growth. Morocco’s Tanger Med port expects to top its nominal processing capacity of nine million containers this year, the port’s deputy managing director told Reuters, adding security problems in the Red Sea had had little impact on traffic growth.
https://gcaptain.com/moroccos-tanger-med-port-expects-to-exceed-nominal-container-capacity/

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