Page 148 - Intelligence Limited News Today

Overcapacity and weak demand are leading to poor utilisation and falling rates. Normally that would see ships laid up, but not this time

Tanker tycoon John Fredriksen is understood to be considering an offer from the Saverys family’s CMB to buy out his Euronav shares worth just shy of $1bn in return for Frontline ingesting a sizable portion of the Euronav tanker fleet

Industry reps at Marine Money Asia are optimistic shipping can meet the IMO’s goals by 2030 if the industry can work together collectively

Deal underlines CMA CGM’s further bet on the alternative fuel, seen as a strong contender to be shipping’s next carbon-neutral alternative power, and its growing popularity among container line operators

Almost 190 containerships with a combined capacity of 1.4m teu have been delivered since January 2023, according to Lloyd’s List Intelligence data

Narrowing price spreads between the two primary bunker fuel grades in Europe could disincentivise scrubber installations, although differentials remain much wider in Singapore

Firms in other countries using Ince & Co branding unaffected by developments in UK

Norway’s climate fund Enova announced its most recent grant winners in the maritime sector, as the Norwegian government ramps up efforts to decarbonise shipping

There are 70 dual-fuel LNG bulk carriers either in service on order, while nine bulkers capable of utilising methanol have been ordered so far

China’s demand for raw commodities used in shipbuilding, auto manufacturing and renewable energy is said to support dry bulk imports