Page 44 - Intelligence Limited News Today

Project includes construction and 45-year concession for two 2m teu capacity terminals

A second consecutive week of positive growth in vessels transiting the Bab el Mandeb suggests that Red Sea traffic is starting to stabilise despite continuing attacks targeting ships

With Wallenius Wilhelmsen’s latest order, 195 pure car and truck carriers have been ordered since 2020

Pentagon strategy seeks to revive US maritime manufacturing in an escalating economic and security competition with China

US fund investor FourWorld Capital Management, which has amassed a 2.4% stake in Euronav, has accused CMB of disseminating false and misleading materials in relation to its Euronav takeover

The Ocean Alliance and Gemini Cooperation have secured their futures. This could see the remaining The Alliance lines forced to consider ‘pragmatic co-operation’ with MSC on the Asia-Europe trade

The US has sanctioned two crude oil tankers and their owners, one for ties to the IRGC and the Houthis, and the other to the Iranian Ministry of Defence, as a refocus on Iran’s commodity export continues amid escalating tensions in the Middle East

US courts Asian allies to rebuild shipbuilding prowess as China powers ahead | US sanctions two tankers linked to Iranian armed forces and Houthis | Alternative-fuel newbuilding orders decline as those for bulkers and tankers rise

The US has blacklisted Russia’s state-owned giant Sovcomflot, joining the UK, Australia, Canada and New Zealand. Ofac has issued a general license allowing a 45-day period to offload the sanctioned tankers’ cargoes, and another one authorising transactions with all other Sovcomflot-owned vessels

Eastern Pacific Shipping has made its first move in the wind-assisted propulsion space, signing a deal with rigid suction sail developer bound4blue to install three of its sails onboard 50,000 dwt product tanker Pacific Sentinel