Page 41 - Intelligence Limited News Today

Major carrier pulls calls and advises owners to consider diverting cargoes in transit elsewhere, as P&I correspondents warn of descent into extreme violence

Shippers should send their cargo early, ahead of the ILA labour contract expiration in September, and establish west coast lanes in case of strikes or disruptions on the east and US Gulf coasts, industry executives say

Chinese demand props up Russia oil exports amid Western pressure | Turkish oil storage terminal stops accepting Russian oil on reputational risk | US east coast labour contract looms large for shippers

New York- and Oslo-listed owner clinches sharply higher rates in first quarter of 2024 following record 2023

BW LPG posted its strongest financial year after a robust fourth quarter, during which VLGC rates climbed to near-record levels. The company’s outlook for the year is ‘positive’ but it expects high volatility

Deal comes as newbuilding activity for large bulkers has picked up pace in recent years

US EPA will make $3bn in funding opportunities available, $2.8bn of which directed to fund zero-emission port equipment and infrastructure. The AAPA said industry is ‘beyond thrilled’ with the programme but warned that stringent enforcement of equipment procurement rules could hamper progress as US supply chains for electric port equipment ‘just not mature’

New York-listed very large crude carrier pure play DHT Holdings has inked deals for four new VLCCs with Hyundai Samho and Hanwha Ocean at an average price of $128.5. The contracts include options for four additional vessels

New York-listed CoolCo forecasts seasonal upswing in the second half of the year will be boosted by longer voyages as more liquefied natural gas heads east

The average price to win a neopanamax transit slot has more than doubled since the beginning of February to over $650,000. Very large gas carriers are returning to Panama Canal due to the Houthi threat in the Red Sea