Page 133 - Intelligence Limited News Today

Shipping remains off target in its bid to resolve the zero-carbon conundrum | IGC Code quirk holding back ammonia fuel Exmar says | Evergreen diverts Israel feeder ship after force majeure declaration

Belgian shipowner Exmar says the IMO must fix a regulatory quirk that stops gas carriers from using ammonia as fuel while allowing other ships to run on it, claiming the administrative process is holding back decarbonisation

Collapse of Euronav-Frontline merger a disappointment for market watchers wanting bigger listed shipping entities

China reported recovery in the third quarter with 4.9% growth, beating forecast

US Maritime Administration completes enrollment for its new Tanker Security Program and entered two new ro-ros to the older Maritime Security Program. The TSP And MSP are designed to ensure a US-flagged, commercially viable and international trading fleet can support US government and national security needs

Russia is sending more tankers to China via the northern sea route, with the third non-ice class suezmax this year set to arrive in Rizhao soon. Chinese bulkers destined for the Mediterranean are cutting transit time despite navigational risks using the iced passageway, where container carriers are eyeing an expansion of the service

Low oil inventories would make the West become more reliant on oil product imports, while Western refinery utilisation will fall sharply

Biden administration reportedly agrees with government of Nicolás Maduro to ease oil sanctions in return for a free and monitored election in Venezuela next year, Washington Post reports

The list of sales candidates is growing, but buyers appear to be reluctant to conclude deals due to an expectation that prices are about to fall

Danish company puts forward suggestion for China to include the shipping industry in its carbon trading system, similar to the European Union’s approach. Maersk also highlights how Shanghai could utilise its prominence on the global stage to become a hub for the development of green fuel supply and infrastructure