InterManager Daily News 20.06.2024.

1. V Group embarks on new chapter of growth as consortium led by STAR Capital assumes ownership. V.Group  the global provider of mission critical services to the maritime industry, is pleased to announce that a consortium led by STAR Capital  including Ackermans & van Haaren  and others  has signed an agreement to acquire the company from Advent International. The transaction is subject to regulatory consents and is expected to complete in early autumn 2024. Financial terms have not been disclosed.
2. Flexibility and future-facing ingredients for a positive armitime industry outlook. GP General Procurement Company Limited was delighted to welcome trade and logistics expert Dr. Jan Hoffmann as its keynote speaker at the company’s breakfast networking event in Athens during the Posidonia week to discuss key challenges in shipping and trade.
3. Port of Piraeus two-day workshop on the preparation of the Regulation for tugboats – relevant simulation study by Lloyd’s Register. At the two-day workshop, PPA S.A. executives, employees from the Berthing Sector and the Ship Repair Zone, as well as representatives of the Coast Guard, including pilots, collaborated constructively using simulation systems to accurately draw the necessary conclusions regarding the tugboats serving the company’s port facilities. The workshop was conducted under the supervision and guidance of the internationally renowned Lloyd’s Register, which provided the necessary software and experienced personnel throughout its duration.
4. Tärntank orders tenth hybrid chemical tanker from Kongsberg Maritime. Kongsberg Maritime has secured a contract to design and a equip a tenth hybrid chemical tanker for Danish operator Tärntank. The new Tärntank vessels will reduce carbon emissions using a combination of clean technologies. The wind-assist technology will be installed on the latest four vessels ordered, and this feature alone is expected to reduce emissions by up to 19%. The new vessels will have an Energy Efficiency Design Index close to 40% below the 2025 Phase 3 requirements.
5. Maersk wins a heavy lift contract from Vestas powertrains for one of the world’s largest wind turbines. Besides integrated logistics for conventional, containerized products, Maersk offers also out-of-gauge and special cargo shipments as part of its Maersk Project Logistics business. Another example for these heavy lift capabilities of Maersk is a new project from the leading Danish renewable energy company Vestas.
6. Paratus Energy eyes Oslo listing. John Fredriksen-backed Paratus Energy Services is set to launch a private placement of new shares and list them for trading on Euronext Growth Oslo.The company, formerly Seadrill New Finance, owns five jackup drilling rigs via Fontis, previously known as SeaMex, a 50% stake in Seabras joint venture with Sapura, which has a fleet of six pipelay support vessels and has interests in the Oslo-listed oil services company Archer.
7. Norwegian sovereign wealth fund buys stake in Race Bank offshore wind farm. Funds managed by Macquarie Asset Management and Spring Infrastructure Capital have opted to divest a 37.5% stake in the Race Bank offshore wind farm to Norges Bank Investment Management.The stake in the 573 MW offshore wind farm, located some 27 km off the Norfolk Coast, was sold to the manager of Norway’s Sovereign Wealth Fund for £330m ($420m). The value of the entire wind farm is set at around £880m on a 100 per cent basis. The transaction has reached a financial close.
8. Panama Canal Considers New Reservoir to Help Maintain Water Levels. A new reservoir at the Panama Canal to improve reliability could be ready within four to five years of construction, but there are regulatory and social hurdles to overcome first.  The Panama Canal Authority (ACP) has been weighing-up “long-term solutions” to bolster the resilience of its key shipping route following last year’s El Nino-induced drought, which saw a reduction in daily transits.
9. In South China Sea Dispute, Philippines’ Bolder Hand Tests Beijing. Huddled in the presidential situation room in February last year, senior Philippines officials faced a stark choice. Military and intelligence leaders watched as coast guard officers showed photos of what the agency said was a military-grade laser that China had pointed at a Philippines ship in disputed waters days earlier.
10. AI can help shipping industry cut down emissions, report says. The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday.The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets such as vessels, buoys and sea mammals by alerting the crew in real time, according to the report.


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