InterManager Daily News 02.07.2024.

1. RWO Marine: A Half-Century of Innovation and Sustainability in Maritime Water Treatment. Interview between Adonis Violaris of CSN and Amir Dolan, Area Sales Manager, West and Northern Europe.
2. Trafigura, Gunvor demand sparks jump in Brent oil benchmark. Trading houses Trafigura and Gunvor bought nine cargoes of crude that underpin the international Brent benchmark in the last week and bid for more, helping to drive the steepest gains since a change in the way it was assessed in 2023.
3. World Container Index Up 4% last week according to Drewry. The composite index increased 4% to $5,318 per 40ft container this week and has increased 256% when compared with the same week last year.
4. US sanctions more companies, ships involved in Iran oil trade. The United States is sanctioning new entities and ships it accused of transporting Iranian oil and petrochemical products, the US State Department announced June 27.
5. Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Joint Venture. Pyxis Tankers, an international shipping company, announced today that it has closed its previously announced dry bulk vessel joint venture with an entity related to its Chairman and Chief Executive Officer, that was newly formed to acquire, own and operate, the “ Konkar Venture”, a 2015 built 82,099 dwt Kamsarmax carrier.
6. Newbuild prices set to eclipse the highs recorded in 2008. Newbuild prices are on track to surpass the dizzy peaks achieved in 2008. The newbuild price index conducted by Clarksons Research has risen 5% since the start of the year, and now stands just 2% below its 2008 peak in nominal terms.
7. Additional tonne-miles in 2024 could smash records. Additional tonne-miles in 2024 could smash records, according to new analysis from Clarksons Research. If the Red Sea shipping crisis persists throughout the year – as many analysts are now forecasting – Clarksons estimates shipping will need to handle 3,600bn extra tonne-miles, a tonne-mile growth of 5.8%. That total would compare to a 10-year average of 1,315bn additional tonne-miles.
8. America Must Renew its Commitment to Maritime. The United States must renew its commitment to a strong, reliable American maritime capability to confront emerging threats. China’s aggressive shipping expansion poses significant challenges to the United States and our allies. Global tensions have highlighted the vulnerability of maritime supply chains, and our domestic waterways remain a potential pathway for increasingly belligerent adversaries to cause harm.
9. Infrastructure Funds: The New Financiers of Offshore Energy Vessels. Infrastructure funds are increasingly financing expensive, purpose-built ships serving the offshore energy market, according to investment bankers speaking at Marine Money’s 36th annual conference.
10. ASL appointed by Moonbound Mining for long-term lithium logistics project in South Africa. Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor for the Norrabees Lithium Project in South Africa on a 10-year contract. ASL will deliver a wide range of logistics services to Moonbound including transportation of high-grade lithium ore from the mine to the processing plant, bagging, transportation to warehouse, storage, weighing, container stuffing, export and ocean freight services.


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