Page 24 - Intelligence Limited News Today

The ships have been ordered by transport company Torghatten and will be built in Norwegian yard Myklebust Verft

The opaque status of government authorisation for the start-up flag registry of Eswatini has prompted the International Maritime Organization to designate it a fraudulent operation, despite claims from the private company running the flag that it is a legitimate business

The casualty comes a month after another Keoyoung Shipping Co tanker, Keoyoung Sun, capsized in a storm off Japan

A casualty involving a dark fleet tanker could be extremely costly, and salvors are concerned about who will pick up the tab

Venezuelan crude exports, which previously went to India, could head to China instead. Product imports that previously came from the US will be sourced from Russia or Iran. While US product exports, which previously went to Venezuela, could go to Brazil and Mexico

The war in Gaza and actions in Yemen have seen protests against events in the region. One group is now threatening to disrupt trade to make its feelings known

Former chairman Li Yibo resigned in the past week and is reportedly under investigation by China’s anti-graft authority

IMO adopts resolution to recommend cargo screening measures to help identify criminal trades

Open-loop scrubber discharge will be banned from July 2025 with closed-loop following in 2029

Results come as Red Sea blockade helped to absorb substantial available box shipping capacity, thereby shoring up freight markets