Page 15 - Intelligence Limited News Today

Eight capesizes are earning an average of $24,400 per day for the next two years

Each boxship costs $56.6m, with expected delivery in late 2027

Move comes after Howden’s recent launch of cargo facility for Red Sea

Sceptics remain cautious about the technology’s prospects because of concerns over limited supporting facilities and the energy consumption generated by the OCCS system itself

The South-West recorded 194 killings, the South-South, 161 people; and South-East, 158.The five states with the highest number of killings were Borno, 517; Benue, 313; Katsina, 252; Zamfara, 212 and Kaduna, 206. Abductions the data showed that of the 2,164 persons abducted within the period, 1,297 were kidnapped in the North-West, 421 in the North-East, 330 in the North-Central, 30 in the South-West, 66 in the South-South and 20 in the South-East.

‘Leaky’ Russia oil price cap being ‘breached left and right’, UK parliamentary inquiry told | Houthis secure first direct hit in Indian Ocean | Emanuele Grimaldi stake in Höegh Autoliners fuels takeover possibility

Nigerian president Bola Tinubu claims to have secured an investment of $600m from Danish shipping and logistics giant Maersk, but that appears to be news to Maersk

Shipping’s P&I clubs have been struggling with the requirements of the G7 oil price cap since its inception. But as the UK government prepares to examine whether Russian sanctions are working, shipping’s insurers have gone on the offensive to explain why the price cap is flawed and is driving more ships directly into the dark fleet

Those not willing to accept the risk of a Houthi attack have diverted and those that remain are likely going to continue sailing the shipping lanes off Yemen regardless of how the situation develops based on behaviour to date

Iran’s foreign minister said MSC Aries will be released, but there has been no formal announcement