Page 3 - Intelligence Limited News Today

Congestion is unlikely to ease any time soon, amid the rising demand from the US and Europe, coupled with an early peak season, analyst says

More transit slots have been available since May 16 as the start of the rainy season eases water shortage fears

Geopolitical disruptions account for the bulk of growth in 2024, but this could reverse if trading patterns return to normal next year.

Spot rates for US containerised imports from Europe are falling far behind rates from Asia, China military drills around Taiwan remind traders of potential risks, and the head of the Indian Register of Shipping defends classing dark tankers

The early peak season has caught carriers by surprise. Tonnage providers are reaping the benefits

Singapore-headquartered owner and operator boosted the size of the ships it has ordered

The spin-off is still subject to approvals from shareholders and regulators, with no specific timelines outlined at this stage

The Iran-backed rebel group also claimed to have attacked several other vessels in the Red Sea and the Mediterranean, although these have not been confirmed elsewhere

Six dry bulkers will be equipped with the Wind Challenger hard sail systems, co-developed by MOL and Oshima Shipbuilding, which the Japanese shipping group claims can reduce vessel GHG emissions by up to 16%

Red Sea rerouting continues to throw carrier schedules out of sync. This is now leading to increased congestion, further damaging reliability