Page 110 - Intelligence Limited News Today

Ships considered to be high-risk targets with links to Israel are diverting around the Cape of Good Hope to avoid being targeted in the Red Sea, however, naval ships are quietly escorting the few remaining vessels prepared to enter the region

Container volumes will continue to recover in 2024, but traditional large import markets will continue to see weak demand. Shippers will have the upper hand in negotiations, but service levels will likely remain low

Stena Bulk chief executive says its understandable how many tanker owners are refraining from investing in new ships given the high prices and future fuel uncertainty

Udo Lange, chief executive of Stolt Tankers’ parent company Stolt-Nielsen says now is the right time to invest in newbuildings

A new proposal to the IMO for a global fuel standard suggests reducing the administrative burden for both the UN body and its member states

Euronav’s supervisory board urges clarity to avoid customer uncertainty and the effect of lasting dysfunctional governance

Listed shipbroker requested own suspension in July

‘My next newbuilding orders will be for passenger ferries but I would like to see more efficiency development on the technical side before we sign,’ said Emanuele Grimaldi

Less than three years after he stepped down to return to Sweden, Pacific Basin’s former chief executive of nine years is returning on a three year contract as a non-exec director

UK-based broker SSY’s commodities arm reaches ‘important milestone’ for the futures market, as it rolls a 5m tonne position from a 2023 prompt date to 2024, generating a total futures volume of 10m tonnes