1. d’Amico uses option to buy MR tanker way below market value. Italian product tanker owner and operator d’Amico International Shipping (DIS) has exercised its purchase option for the 50,000 dwt medium-range product tanker Crimson Pearl.The vessel was built in August 2017 by Japan’s Minaminippon Shipbuilding. The eco MR product tanker has been time-chartered-in by d’Amico Tankers ever since.
https://splash247.com/damico-uses-option-to-buy-mr-tanker-way-below-market-value/
https://splash247.com/damico-uses-option-to-buy-mr-tanker-way-below-market-value/
2. UK invests in DR Congo’s first deepwater box port. The UK’s development finance arm, British International Investment (BII), has joined Dubai-headquartered terminal operator DP World with a capital injection directed towards the development of the Democratic Republic of the Congo’s first deepwater container port.
https://splash247.com/uk-invests-in-dr-congos-first-deepwater-box-port/
https://splash247.com/uk-invests-in-dr-congos-first-deepwater-box-port/
3. Sumitomo buys stake in German offshore wind monopile manufacturer. Japan’s Sumitomo Corporation has bought a stake in the family-run monopile producer EEW Offshore Wind Holding.The transaction will have a commercial effect from July 1 and will be completed at the end of December 2024, subject to legal and regulatory requirements.
https://splash247.com/sumitomo-buys-stake-in-german-offshore-wind-monopile-manufacturer/
https://splash247.com/sumitomo-buys-stake-in-german-offshore-wind-monopile-manufacturer/
4. ZIM Stock Surges on Earnings Beat, Upgraded Guidance. Israeli container shipping company ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three and six months ended June 30, 2024. The company reported earnings per share of $3.08, significantly exceeding analysts’ estimates of $1.79, which led to a more than 20% surge in its stock price on Monday morning.
https://gcaptain.com/zim-stock-surges-on-earnings-beat-upgraded-guidance/
https://gcaptain.com/zim-stock-surges-on-earnings-beat-upgraded-guidance/
5. Albania Probes Toxic Dust Due Back in Europe After Outcry. Albanian officials say they are investigating how 800 tons of alleged hazardous industrial waste was shipped from its port without authorization, bound for Southeast Asia, as the suspect cargo is due to be sent back.
https://gcaptain.com/albania-probes-toxic-dust-due-back-in-europe-after-outcry/
https://gcaptain.com/albania-probes-toxic-dust-due-back-in-europe-after-outcry/
6. OneCare Group announces partnership with Nordic Medical Clinic to strengthen holistic healthcare programmes. Leading wellbeing and healthcare provider OneCare Group has announced its plans to collaborate with Nordic Medical Clinic to further strengthen its portfolio of holistic healthcare programmes.
https://cyprusshippingnews.com/2024/08/20/onecare-group-announces-partnership-with-nordic-medical-clinic-to-strengthen-holistic-healthcare-programmes/
https://cyprusshippingnews.com/2024/08/20/onecare-group-announces-partnership-with-nordic-medical-clinic-to-strengthen-holistic-healthcare-programmes/
7. HMM to boost Petrochemical Carrier Fleet, diversifying beyond Container Shipping. HMM, a company primarily focused on the container shipping business, has decided to place a new order for petrochemical carriers, also known as product carriers (PCs).
According to industry sources on August 19, HMM’s board of directors approved a new facility investment for the construction of petrochemical carriers this June. HMM stated, “We have decided to place a new order for bulk carriers capable of transporting petrochemical products.”
https://cyprusshippingnews.com/2024/08/20/hmm-to-boost-petrochemical-carrier-fleet-diversifying-beyond-container-shipping/
https://cyprusshippingnews.com/2024/08/20/hmm-to-boost-petrochemical-carrier-fleet-diversifying-beyond-container-shipping/
8. Schulte Marine Concept announced the delivery ceremony for a 63,600 DWT bulk carrier at COSCO Zhoushan Shipyard. SMC is delighted to announce the Delivery Ceremony for a 63,600 DWT bulk carrier (Hull No N1093) under its supervision at COSCO Zhoushan Shipyard, China. This is the eighth vessels in a series of eight ordered by Bank of Communications Financial Leasing Co., Ltd, China.
https://cyprusshippingnews.com/2024/08/20/schulte-marine-concept-announced-the-delivery-ceremony-for-a-63600-dwt-bulk-carrier-at-cosco-zhoushan-shipyard/
https://cyprusshippingnews.com/2024/08/20/schulte-marine-concept-announced-the-delivery-ceremony-for-a-63600-dwt-bulk-carrier-at-cosco-zhoushan-shipyard/
9. Substantial increases in shipping costs to EU and U.S. with “Middle East Risks” expanded. On January 19, armed Houthi rebels seized the car carrier “Galaxy Leader” on the coast of Al Salif, Yemen, marking a significant escalation in the ongoing conflict in the region. The incident has had far-reaching implications, particularly for global shipping routes and costs. On February 5, the rebels were seen disembarking from a small boat on the same coast, with the Galaxy Leader in the background, further highlighting the precarious situation.
https://cyprusshippingnews.com/2024/08/20/substantial-increases-in-shipping-costs-to-eu-and-u-s-with-middle-east-risks-expanded/
https://cyprusshippingnews.com/2024/08/20/substantial-increases-in-shipping-costs-to-eu-and-u-s-with-middle-east-risks-expanded/
10. Noatum enters Egypt’s Maritime Market with the acquisition of Safina Shipping Services. Noatum, an AD Ports Group company (ADX: ADPORTS), announced the acquisition of a majority stake in Safina B.V., a leading provider of maritime agency and cargo services in Egypt and across the Middle East region. The deal is expected to close in Q3 2024.
https://cyprusshippingnews.com/2024/08/20/noatum-enters-egypts-maritime-market-with-the-acquisition-of-safina-shipping-services/
https://cyprusshippingnews.com/2024/08/20/noatum-enters-egypts-maritime-market-with-the-acquisition-of-safina-shipping-services/