Page 45 - Intelligence Limited News Today

Mao has reached the retirement age for top-level executives at state-owned Chinese enterprises

A US-flagged tanker built in Bethlehem Steel in 1963 and scrapped in 2021 has pinged its AIS location in the Russian port of Novorossiysk recently, one of several bizarre AIS signals broadcasted by the dead vessel in the past four years

Despite stable volume developments, CMA CGM saw a sharp downturn in earnings in the final quarter of 2023. New capacity will add pressure this year despite Red Sea disruption

Marking the two-year anniversary of Russia’s invasion of Ukraine, the US slapped sanctions on 500 entities and companies. The Treasury Department argued its recent crackdown, or ‘phase II’ of the price cap, is forcing Russia to again sell its oil at a ‘steep discount’, but admitted that Russia was able to sell ‘a large amounts of oil above the price cap’ through parts of last year thanks to the dark fleet*

‘The EU doesn’t understand there is shipbuilding in Europe — it focuses on shipowners,’ said Sea Europe director of trade and competitiveness Vincent Guerre

US-listed owner of 40 vessels trims dividend to $0.075 per share

Breakwave is bullish on bulkers, pointing to volatility and talk of a mining safety campaign cutting coal output in China. But geopolitical uncertainty and China’s weak economy are risks

Costs for taking the long route around the Cape of Good Hope are higher. But it is unclear why surcharges appear much higher than actual costs

European green technology funding for shipowners is a gift for Chinese shipbuilders | Ghost of US government ship turns up at Novorossiysk | Price cap ‘phase II’ was spurred by Russia selling ‘large amounts of oil’ above the cap

Fractal Marine, previously one of the largest loaders of Russian crude and products after the imposition of a price cap, has vowed to fight UK sanctions which claim Fractal is part of Putin’s shadow fleet