InterManager Daily News 25.06.2024.

1. V.Group enters shipmanagement partnership with Erasmus Shipinvest. Shipmanagement and marine services giant V.Group has entered into a strategic partnership with international shipping group Erasmus Shipinvest (ESI) for the management of commercial vessels, including the provision of crewing and marine services.
https://splash247.com/v-group-enters-shipmanagement-partnership-with-erasmus-shipinvest/

2. US Military Says It Destroyed Three Houthi Vessels In Red Sea. S. forces destroyed three Iranian-backed Houthi uncrewed surface vessels in the Red Sea in the past 24 hours, the U.S. Central Command (CENTCOM) said on Saturday. Separately, the Houthis launched three anti-ship ballistic missiles into the Gulf of Aden but there were no injuries or significant damage reported by U.S., coalition, or merchant vessels, CENTCOM added.
https://gcaptain.com/us-military-says-it-destroyed-three-houthi-vessels-in-red-sea/

3. UKMTO Says Crew Forced To Abandon Vessel Southeast Of Yemen’s. United Kingdom Maritime Trade Operations (UKMTO) said on Sunday that the captain and crew of a vessel 96 nautical miles southeast of Yemen’s Nishtun were forced to abandon ship after it suffered flooding that could not be contained. The crew has been recovered by an assisting ship while the abandoned ship remains adrift, it added.
https://gcaptain.com/ukmto-says-crew-forced-to-abandon-vessel-southeast-of-yemens-nishtun/

4. D’Amico fixes MR2 tanker on three-year deal. Italian product tanker owner and operator d’Amico International Shipping (DIS) has signed a new three-year time charter deal for one of its MR2 eco vessels. The contract with an unnamed client was won by its operating subsidiary d’Amico Tankers D.A.C. Ireland. It will start between the end of the second quarter of 2024 and the beginning of the third quarter of 2024.
https://splash247.com/damico-fixes-mr2-tanker-on-three-year-deal/

5. Ventura Offshore seals deal to market drillship for Brazilian tender. Brazil-focused driller Ventura Offshore has been granted exclusive marketing rights from Hanwha Drilling for a 7th-generation drillship for an ongoing tender process in Brazil.Subject to a successful tender and contract award, Ventura Offshore will operate the rig Tidal Action, formerly known as the West Libra, on behalf of Hanwha Drilling under a charter or operating agreement.
https://splash247.com/ventura-offshore-seals-deal-to-market-drillship-for-brazilian-tender/

6. Hamburg Commercial Bank to take over NIBC shipping business. German lender Hamburg Commercial Bank (HCOB) has struck a deal to acquire the shipping portfolio of Dutch counterpart NIBC. The deal comprises NIBC’s shipping portfolio of senior secured loans worth $992m. NIBC, which has been providing ship financing from €10m and €50m to a diversified clientele in maritime hubs of North-West Europe, Athens, New York and Singapore, said the sale would enable a “sharper focus on key business segments where growth can be accelerated”.
https://splash247.com/hamburg-commercial-bank-to-take-over-nibc-shipping-business/

7. The Houthis continue to terrorise merchant ships heading in and out of the Red Sea, while also claiming strikes at ships moored at Israel’s Haifa port. The Houthis claimed to have struck the Transworld Navigator bulk carrier twice in the space of 24 hours today in the Red Sea, using drones. The ship has suffered damages while a number of crew were injured in the strikes. In the Indian Ocean, meanwhile, the Stolt Sequoia product tanker came under fire from a number of missiles yesterday.
https://splash247.com/houthi-strikes-continue-to-terrorise-merchant-shipping/

8. Landmark methanol retrofit completed in China. X-Press Feeders took delivery this weekend of another landmark vessel in shipping’s fuel transition – the first methanol duel-fuel retrofit. The 1,170 teu Eco Umande, delivered by China’s New Dayang Shipbuilding earlier this year, remained in the People’s Republic for a retrofit. The ship was built with a methanol fuel reserve, however the owner took the decision to make it duel-fuel and hired PaxOcean in Zhoushan to carry out the transformation, including the installation of a methanol dual-fuel engine as well as host of other systems.
https://splash247.com/landmark-methanol-retrofit-completed-in-china/

9. Piled-up import containers congest Ctg port. Despite observing an eight-hour closure in the whole Eid-ul-Azha holidays, Chattogram port was hit by a stockpile of import containers, as very few businesses show up to take delivery of the containers in the last one week.The operational activities of the port start feeling the pinch when 80 per cent of its storage capacity gets occupied and this is actually what happened to the Chattogram port this time, port officials and users said.
https://www.shippingtribune.com/news/shipping/Piled-up+import+containers+congest+Ctg+port

The first half of this decade has been a nightmare for global trade. From covid disruptions to Suez Canal and Red Sea crisis, the trade has witnessed many operating challenges. The economic environment puts further stress on demand and as an outcome, global trade is expected to grow between 2020-25, at only half the average growth rate of previous decade. However, amidst this challenging environment, India has found its glory moment. The fastest growing economy in the world and now a favoured destination for new manufacturing investments, India has got everything right to launch the economic miracle, much like Japan did in 1950s and China in 1980s.
https://www.shippingtribune.com/news/shipping/Global+supply+chain+shift%3A+Has+India+finally+arrived%3F