Page 31 - Intelligence Limited News Today

Scrapping was expected to have returned to historical trends by now. But a combination of strong demand and low orderbooks in some sectors has limited recycling candidates

The Danish military has closed the Great Belt Strait to air and sea traffic owing to a risk that a missile could launch. A fault developed during a launcher test

Average prices of Russian crude grades have exceeded the $60 per barrel cap for nine of the past 10 months, presenting a dilemma for US, UK and EU regulators keen to prevent sanctions circumvention yet also keep oil flowing

Ane Maersk is the first ocean-going containership that can burn methanol. Halfway through its inaugural voyage, it has topped up its tanks

Preliminary figures from UANI showing that Tehran shipped more oil in the first quarter than in any equivalent period since the reimposition of sanctions took full effect in April 2019. Meanwhile, UANI says 41 tankers have switched flag from Panama following pressure from US lawmakers and diplomats

Red Sea attacks pull idle containership capacity back to pandemic levels | Russian crude exports defy G7 price cap during March | Iran’s oil exports sail to record post-sanctions first quarter as second Panama-flagged tanker exodus gets under way

Funds managed by Morgan Stanley Infrastructure Partners have provided an unsecured loan of an undisclosed amount to the Pasha Group for infrastructure investment in Hawaii trades

A pilot ladder broke during a transfer, thereby seriously injuring a mooring master providing pilot services on a general cargoship

Ex-Shell manager Ian McLeod named as managing director as new unit promises independence

MSC is reported by brokers to have purchased five secondhand containerships in the past week, including a pair of 23-year-old, 6,700 teu units