Page 13 - Intelligence Limited News Today

Capacity shortages and strong demand have propped up freight rates and will do so for another quarter. But beyond that, the looming threat of overcapacity remains, even if the Red Sea crisis continues

Edda Wind was founded by Østensjø, which says it has ‘mixed feelings’ about selling its remaining stake in the offshore wind company

Freight assessments from Argus Media highlight challenges facing Western regulators in enforcing the G7 price cap on Russia’s oil and shipping sector

Container lines faced two years of overcapacity as deliveries swamped the market. But diversions around Africa have proved the need for buffer capacity in the market

Demand for secondhand tonnage has risen on better-than-expected container volumes and Red Sea diversions. Buyers include European and Chinese liner operators while Greek tonnage providers are becoming more active in the market  

Pressure brought by newbuilding deliveries to China’s domestic shipping market is coming to an end, analyst said

Higher costs and closed trade lanes are hitting African countries hard. But there are opportunities for the continent to benefit in the longer term

Sonar has been used to identify the zones most likely to contain the bodies of two missing workers that fell into the Patapsco River when the Francis Scott Key bridge collapsed

Merging Grimaldi’s and Höegh Autoliners’ respective vehicle carrier fleets would upset the status quo led by Wallenius Wilhelmsen and the ‘Big Three’ Japanese operators, says Veson Nautical ro-ro analyst Andrea de Luca

‘If you look at volumes into the west coast, we’re seeing growth year over year for all of the international carriers. US consumers continue to hang in there. The economy is still plugging along,’ says Matson CEO Matt Cox