InterManager Daily News 08.07.2024.

1. Sailing through decades: Anne-Marie Neokleous’ pioneering journey in Cyprus shipping. You entered the Cyprus shipping sector, specifically in Shipmanagement, back in 1972 – working alongside one of the innovators of and strongest advocates for the Cyprus Shipping Flag, Heinrich Schoeller. You were also the very first woman employed in ship management. What does this incredible achievement mean for you?
2. SFL orders of five Newbuild LNG dual-fuel 16,800 TEU container vessel. SFL Corporation announced that it has agreed to build five 16,800 TEU container vessels with scheduled delivery in 2028 at an aggregate construction cost of approximately $1 billion. The vessels will have LNG dual-fuel propulsion and the latest features in fuel efficiency and cargo intake optimization.
3. Exuberant dry bulk market sees asset prices streak ahead of earnings. Dry bulk market players are putting earnings potential over asset values as they seek to capitalise on an exuberantly positive mood according to new analysis by MSI. Q1 2024 saw 250 sales recorded – the second highest quarterly total over the past 10 years – and age was no barrier to buyers with cash on hand.
4. Dry Bulk Market Monitor: Supply Dynamics Capesize C3 & C5 routes. This week’s chart illustrates the increase in monthly soybean export volumes from Brazil to China starting from the beginning of 2022. It highlights the gradual increase observed this year, with June’s volume reaching a new peak of over 10 million tons, surpassing a similar peak recorded at the end of March last year. This year’s trend shows a persistent upward trajectory compared to the first six months of the previous year, which saw a decline following the March peak.
5. Naftomar Shipping pioneer in the green ammonia space. Naftomar is looking to be a pioneer in the green ammonia space, as new supply and value chains for low carbon fuels start to develop.The project will work to help ensure a modern VLAC design, to be engaged in the trade of green ammonia, can be safely built to operate with both LPG and ammonia as fuel.
6. Diana Shipping secures NYK Line charter extension at bumper rate. New York-listed Greek bulker owner Diana Shipping has won an extension for the time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its newcastlemax vessels.NYK Line chartered the 2012-built, 206,104 dwt newcastlemax bulker Los Angeles for a gross charter rate of $28,700, minus a 5% commission paid to third parties, for a period until a minimum of October 1, 2025, up to a maximum of December 15, 2025.
7. Golar LNG bags 20-year deal for FLNG deployment in Argentina. Tor Olav Trøim-backed floating liquefied natural gas specialist Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of an FLNG vessel in Argentina.
The FLNG project will monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, the world’s second-largest shale gas resource. The project is expected to start LNG exports within 2027.
8. Ocean Yield enters LNG segment. Norwegian owner and sale and leaseback player Ocean Yield has marked its entry into the liquefied natural gas trade through a buy-in into France’s Geogas LNG.The KKR-owned firm is taking over the interests from infrastructure fund CVC DIF, formerly DIF Capital Partners, which according to its website held a 31% stake in Geogas LNG, alongside LPG player Geogas and Access Capital Partners.
9. China Anchors ‘Monster Ship’ In South China Sea. The Philippine Coast Guard (PCG) said on Saturday that China’s largest coastguard vessel has anchored in Manila’s exclusive economic zone (EEZ) in the South China Sea, and is meant to intimidate its smaller Asian neighbor.The China coastguard’s 165-meter ‘monster ship’ entered Manila’s 200-nautical mile EEZ on July 2, spokesperson for the PCG Jay Tarriela told a news forum.
10. Foremen At BC Port Give DP World Canada 72-Hour Strike Notice. A union representing ship and dock foremen in British Columbia has issued a 72-hour strike notice against DP World Canada. ILWU Ship & Dock Foremen Local 514 provided formal, written notice to its employer for action to start on July 8, the BC Maritime Employers Association said in a statement late Friday.


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