Page 123 - Intelligence Limited News Today

The promise of profits mean Ukraine’s smaller river ports will see sustained demand despite war-associated risks

‘We estimate a carrying capacity deficit of 1.7m cars between January and August — closing this gap will require an additional 85 vehicle carriers,’ says GCC chief executive Georg Whist

Maersk battens down the hatches in expectation of long slump | Maersk cuts workforce by 10,000 as earnings turn negative | What the Maersk and Norden numbers are telling everybody else

Canada’s Davie specialises in building icebreakers and ferries and has a contract with the Canadian government to build icebreakers for the country’s coastguard

Maersk said in an earnings statement that it gained $94m from the sale of USMMI, or $74m after tax. A market source told Lloyd’s List that the business was sold to Maritime Partners for a figure in the low $200 millions

Odfjell posts another solid quarter but expects a ‘stable’ result in the traditionally strong fourth quarter, as it will have more vessels than usual planned for dry docking

Shareholders can choose between realising value in cash or following Euronav in a new strategic direction, says interim chief financial officer and chief executive Lieve Logghe

Forward positions show confidence returning after 2024 for bulk carrier segment

Values of modern containerships appear to be holding firm, although pressure is building for price drops of older units. Meanwhile, only one boxship is on the market for potential recycling

Norway’s Yara and North Sea Container Line will charter vessel for 15 years from an undisclosed shipowner for service between Oslo, Brevik, Hamburg and Bremerhaven