Page 118 - Intelligence Limited News Today

The port of Colombo has been at a 90% utilisation since 2021, signalling the need for additional capacity, the US International Development Finance Corporation said

Concerns raised shipping is ill prepared for EU ETS | Blacklisted Russian grain operator to establish dry cargo fleet | Chinese digital freight platform YQN seeks growth from supply chain reconfiguration

‘This is largely off the back of a post-pandemic rebound in global trade, but can also be attributed to more disciplined and effective underwriting,’ says Lange

The vessels will be chartered back to a subsidiary of the seller for two years, with the option to extend by one additional year

Chief executive of Danish tanker operator says, ‘I prefer assets to be on the water’ and has no plans to order newbuildings because of long lead times

National Retail Federation says retailers are stocked and ready for the holiday period, and expects lower import volumes through the remainder of the year. However, after September imports reached their highest levels so far this year, a report from Descartes points to an even stronger October

The first major incident since the corridor’s opening in August could spook shipowners, and highlights the challenges Ukraine faces in independently running this trade route

Rates are now unsustainable on several trades. Hapag-Lloyd will remove services among other efforts to drive down costs to help mitigate problematic rates

Moscow has been hoovering up assets and partners to accelerate northern sea route plans and bolster east coast trade for time — it now has now added Fesco, one of the largest transport groups in Russia and operator of the strategically significant port of Vladivostok to the mix

Milan-listed d’Amico reports another strong quarter ahead of upgrading its listing in the US to the UTCQX market. A return to mainstream trades of product tankers from the Russian market following the price cap breach was offset by other factors, like congestion in the Panama Canal