InterManager Daily News 23.07.2024.

1. Two tankers on fire after collision
Hafnia Nile carrying highly flammable naphtha cargo – data
Ceres I has shipped Iranian oil despite sanctions – sources
2. Chart of the Week: Dirty & Clean Tonne Days. This week’s chart underscores the decline in the growth of crude oil shipments to China from all origin countries during the second quarter of the year, with the monthly quantity in June recording an 8% drop compared to the same month in the previous year (left chart). This decline reflects a broader trend influenced by various factors including economic slowdowns, changes in demand, and strategic stockpiling.
https://cyprusshippingnews.com/2024/07/22/chart-of-the-week-dirty-clean-tonne-days/
3. Black Sea Suezmax freight tumbles amid weak August demand. Freight rates for Suezmax voyages loading in the Caspian Pipeline Consortium and discharging in the Mediterranean dropped substantially on the day to July 17, with sources pointing to lower projected cargo inquiry levels for August, a build-up of tonnage in the region and pressure from softness in adjacent markets.
https://cyprusshippingnews.com/2024/07/22/black-sea-suezmax-freight-tumbles-amid-weak-august-demand/
4. Dry bulk newbuild contracting fell 34.2%, despite a strong market. During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still increased 11.7% y/y. Other factors, such as limited shipyard availability and uncertainty on fuels and demand outlook could be contributing to this hesitation.
https://cyprusshippingnews.com/2024/07/22/dry-bulk-newbuild-contracting-fell-34-2-despite-a-strong-market/
5. DP World kicks off cashew boom with record exports from Senegal. Mega-shipment of 2,000 tonnes of cashews arrived from Guinea Bissau at DP World’s Dakar terminal. Some 180,000 tonnes of cashews were exported from Dakar in 2023, primarily to India and Vietnam.
https://cyprusshippingnews.com/2024/07/22/dp-world-kicks-off-cashew-boom-with-record-exports-from-senegal/
6. Norden buys Norlat Shipping. Danish owner and operator Norden has sealed a deal to acquire Norwegian dry bulk operator Norlat Shipping.Founded in 1986, privately owned Norlat specialises in the shipment of forest products and other bulk commodities on trade routes from Northern Europe to North Africa and North America.
https://splash247.com/norden-buys-norlat-shipping/
7. Nissen Kaiun signs for very large ammonia carriers in China. Nissen Kaiun has been tied to an order of very large ammonia carriers in China.Brokers reported Japanese shipping mammoth had contracted four 88,000 cu m newbuilds at Yangzi-Mitsui Shipbuilding (Yamic) a joint venture yard between China’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S Shipbuilding.
https://splash247.com/nissen-kaiun-signs-for-very-large-ammonia-carriers-in-china/
8. Israel and Houthis trade blows as Red Sea shipping crisis enters new phase The nine-month long Red Sea shipping crisis entered a new, more dangerous phase over the weekend with Israel and the Houthis now in direct confrontation, carrying out long-range attacks on each other, and lending credence to the claims by the Houthis that they have the capacity to attack targets in the Mediterranean.
https://splash247.com/israel-and-houthis-trade-blows-as-red-sea-shipping-crisis-enters-new-phase/
9. Crew Member Dies in Fire Aboard Maersk Frankfurt Off India. Maersk has confirmed the death of a crew member onboard its chartered containership, Maersk Frankfurt. The Indian Coast Guard (ICG) continues to fight the fire off the west coast of India.
https://gcaptain.com/crew-member-dies-in-fire-aboard-maersk-frankfurt-off-india/
10. Sea Shepherd’s Paul Watson Detained in Greenland at Japan’s Request. A U.S.-Canadian anti-whaling activist has been detained in Greenland and faces possible extradition to Japan which has issued an international warrant for his arrest, the Arctic island’s police said in a statement.
https://gcaptain.com/sea-shepherds-paul-watson-detained-in-greenland-at-japans-request/

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