Page 117 - Intelligence Limited News Today

‘Macro headwinds, geopolitical uncertainty, and the size of the orderbook remain areas of concern for the overall industry, but the GSL fleet continues to operate efficiently, servicing fixed-rate term charters contracted to liner operators that have built considerable financial resilience during the all-time market highs of recent years’ GSL chief George Youroukos said

Taiwanese carrier says a persistent vessel glut is posing challenges for liners’ future performance

Scorpio handily beats analysts’ forecasts in third-quarter earnings and points to more strength in the fourth quarter

The European Parliament is voicing concern about loopholes in EU sanctions against Russia and is calling for tighter enforcement. Its resolution comes as the bloc is expected to unveil fresh sanctions

With volumes down in the aftermath of the pandemic boom, the leading west coast gateway is seeking to rebuild. With the labour issue settled and the economy picking up, volumes are now stabilising

The first newcastlemax trio is scheduled for delivery in 2026, followed by the latest order of three vessels the following year

CMA CGM is trying to rein in costs as the market ‘normalises’. It warns overcapacity will continue to pull down freight rates

Industry falling short in addressing seafarer shortfall | CMA CGM hunkers down as market deteriorates | Los Angeles seeks to win back lost cargo

The South Korean carrier vows to cut costs and diversify its investment portfolio 

‘You might be able to get it cheaper but you need to know at the end of the day that insurers are going to pay out in a timely fashion and you’re not left out of pocket for an extended period,’ says Ardmore’s Alderman