Page 34 - Intelligence Limited News Today

HD KSOE also launched partnership with tech giant Infineon for electrification of marine engines and machinery

First round of funds towards the debris removal and reconstruction of the critical artery was allocated by the US Department of Transportation on Thursday. Meanwhile, officials said 14 of the 56 containers onboard the Dali carrying hazardous materials – soaps, perfumes, or not otherwise specified resin – were breached. They did not immediately confirm whether any were submerged

Product tanker rates have outperformed in 2024, with Red Sea disruptions playing a major role. It’s too early to tell whether the recent pullback in LR2 rates is normal volatility or a sign of something more

The 9,900 teu containership Dali which lost propulsion ahead of striking the Francis Scott Key Bridge was experiencing severe electrical problems while it was docked in Baltimore, a port worker told CNN

The company expects an increase in commodity freight rates and a higher demand for chemical and oil tankers

Owners may be able to limit liability under international convention, according to BonelliErde partner Vergani

Ro-ro operators changing their services to accommodate the nearshoring of European trade is sure to be a theme for 2024 and beyond, says BRS. The shipbroker draws attention to the dire need for the fleet renewal of smaller ro-ro cargoships

Vessel-tracking data shows about 10% of merchant ships built in China called at US ports in recent months, highlighting the damage that retaliation from Washington could do. But penalising the Middle Kingdom will not be enough to resurrect US yards

Neighbouring ports should be able to easily take vessels that can no longer call at Baltimore. But some delays to cargo are expected as networks are reshaped

The 9,900 teu containership Dali, which lost propulsion ahead of striking the Francis Scott Key Bridge, was experiencing severe electrical problems while it was docked in Baltimore, a port worker told CNN