Page 126 - Intelligence Limited News Today

The medium-range tanker MR Euphrates, which was called from the Middle East Gulf to Houston to unload Suez Rajan amid reports that owners were reluctant to touch its cargo, has reportedly been sold to an undisclosed buyer

Despite an accelerating pace of M&A deals in past 12 months, the maritime tech landscape is still dominated by start-ups and SMEs leaving plenty of room for more consolidation

VLCCs most affected by crude production cuts seen by Middle East exporters

Shipping’s tech consolidation accelerates as ZeroNorth joins forces with Alpha Ori | IMO ‘needs new convention’ before imposing carbon taxes | Economou escalates attack on Performance Shipping with New York lawsuit

George Economou, through his Sphinx Investment Cor., is suing Performance directors including chairperson Aliki Paliou and husband Andreas Michalopoulos, the company’s chief executive, for alleged breaches of fiduciary duty to shareholders

Navigator’s longest-serving independent director David Kenwright is set to step down after 16 years on the company’s board. Meanwhile, Janette Marx, chief executive of Houston-based workforce solutions provider Airswift has joined as a non-executive director

Authorities are investigating the ships for engaging in STS transfers without permission and unauthorised anchoring, while two masters are face extra charges for obstructing the duties of civil servants

Carriers have announced severe service cuts in recent weeks. Rates took a sharp turn up in response, but the impact may not last

A sea parade to celebrate the 100th anniversary of the Turkish Republic is the cause of the closure

Preliminary figures released by Dorian in a market update point to TCE revenues of $142.5m-$144.5m, outpacing the previous quarter by at least 27%. VLGC rates have been high but volatile in the third quarter