The Lloyd’s List Daily Briefing

Unic Tanker Gemi Isletmeciligi, the Türkiye-based shipmanager that took on nine tankers linked to the Gatik sanctions-busting Russian fleet, is understood to have cancelled one of the ships after it was designated by the EU last month: https://www.lloydslist.com/LL1150054/Turkish-shipmanager-cancels-EU-sanctioned-dark-fleet-tanker

(Free to view) The Malaysian Marine Department has detained Ceres I and Hafnia Nile, the two vessels that collided off Malaysia on July 19, for further investigation: https://www.lloydslist.com/LL1150065/Malaysia-Marine-Department-detains-Ceres-I-and-Hafnia-Nile-for-further-investigation

(Free to view) The surge in spot container freight rates because of Red Sea diversions is boosting carrier profits on fronthaul mainline trades, but spot rates on backhaul trades are not increasing. In some backhaul lanes, rates are actually falling: https://www.lloydslist.com/LL1150057/This-time-its-different-No-backhaul-box-rate-upside-from-Red-Sea-effect

Hull & machinery rates remain static and are set to soften towards the end of the year, as Lloyd’s and London companies’ underwriters set prices keenly in a bid to boost market share, according to a report from leading broker Gallagher: https://www.lloydslist.com/LL1150064/London-HM-rates-flat-and-set-to-soften-argues-Gallagher

The first fuel oil cargo in a month to leave Nigeria’s new Dangote refinery is destined for Southeast Asia, as summer power generation demand in Saudi Arabia curbs exports of Middle East Gulf cargoes: https://www.lloydslist.com/LL1150067/First-Nigeria-Singapore-fuel-oil-shipment-seen-as-Saudi-summer-demand-restrains-Middle-East-exports-to-Asia

Safe Bulkers has posted higher second-quarter profits amid a busy programme of newbuilding deliveries and environmental upgrades to existing vessels: https://www.lloydslist.com/LL1150061/Safe-Bulkers-hikes-profit-as-renewal-rolls-on

Cosco and Fortescue Metals Group have inked a memorandum of understanding to collaborate on developing a green fuel supply chain and carbon reduction technology: https://www.lloydslist.com/LL1150060/China-Cosco-Shipping-and-Fortescue-forge-partnership-to-build-green-fuel-supply-chain

China’s switch to Mongolia and Russia over Australia for coking coal supplies is reducing global capesize tonne-mile demand in what could be a ‘transformational moment’, according to shipping consultant Drewry: https://www.lloydslist.com/LL1150070/Skyrocketing-Chinese-imports-of-Mongolian-coking-coal-to-reshape-global-shipping-markets

Newbuilding orders are forecast to drop substantially this year with demand for fresh LNG carrier tonnage expected to cool in the second half, a new report shows: https://www.lloydslist.com/LL1150063/Shipbuilding-braces-for-order-decline-as-LNG-carrier-demand-cools

British Marine, the insurer of tanker Marine Honour that was involved in an oil spill off Singapore, and the International Oil Pollution Compensation Funds have opened a claims submission office to assist affected parties in seeking compensation: https://www.lloydslist.com/LL1150059/Compensation-avenue-opens-for-Marine-Honour-spill-victims

Port delays could cut vessel ratings on the IMO’s Carbon Intensity Indicator by two ratings, according to Contship: https://www.lloydslist.com/LL1150066/Port-delays-could-cut-CII-by-two-ratings-new-report-shows

The European Public Prosecutor’s Office is investigating the stalled Vasilikos LNG terminal in Cyprus over alleged procurement fraud, corruption and misappropriation of EU funds: https://www.lloydslist.com/LL1150069/EU-starts-corruption-probe-into-Cyprus-LNG-project

Iran has seized another Togo-flagged product tanker, local media reported: https://www.lloydslist.com/LL1150058/Iran-seizes-another-small-tanker

The European Commission has set up a ship finance portal to collate investment opportunities, as access to ship finance will be crucial to help shipping companies reduce emissions: https://www.lloydslist.com/LL1150062/EU-launches-ship-finance-portal

Mitsui OSK Lines has opted for an advanced voyage optimisation platform developed by Sofar Ocean with the aim of significantly reducing fuel consumption and emissions for its fleet: https://www.lloydslist.com/LL1150068/MOL-adopts-Sofar-voyage-optimisation-platform