Page 103 - Intelligence Limited News Today

A US Navy guided missile destroyer shot down an Iranian-made drone launched from Yemen on Wednesday, as it was escorting a US navy oiler and a US-flagged ship carrying military equipment in the Red Sea

Restrictions, congestion and delays in the Panama Canal are catapulting freight rates for medium range tankers loading in the US Gulf, with some routes reaching all-time highs

Greek shipowners in exodus from Russian oil trades in November | Russia ousted from IMO Council | Shipping chief executives call for faster pace in decarbonisation drive

The 980,000 barrels of Iranian crude oil seized by US authorities off the Suez Rajan have been sold to an undisclosed buyer for $83.5m. It brings the total value of seized oil sold by the US to $290m

Climate risk is changing shipping bankers’ behaviour but spooking investors | Frontline takes hit as Russian crude tops price cap but says it is time for VLCCs to shine | Fresh US sanctions target Iran’s oil revenues for first time in months

Carriers have opportunities to ease supply imbalance | Ghost of bankrupt US retailer comes to haunt MSC in gargantuan FMC complaint | Braemar aiming to triple full-year profit after resumption of listing

Shipbroking majors have been faced with considerable challenges brought about by the Ukraine war, having to avoid transactions that could ultimately be connected to sanctioned trades. At the same time, shipping markets and vessel asset prices have proved volatile, as both vessel supply and the shipping markets have become increasingly affected by geopolitics

The US has slapped sanctions designated to cripple Iran’s oil revenues for first time since March, targeting networks selling commodities on behalf of Iran’s armed forces and the Islamic Revolutionary Guard Corps-Qods Force

The Panama Canal is set to become a major logistics chokepoint. But the alternatives have their own problems too

The 980,000 barrels of Iranian crude oil seized by US authorities off Suez Rajan have been sold to an undisclosed buyer for $83.5m. It brings the total value of seized oil sold by the US to $290m