Page 46 - Intelligence Limited News Today

UKMTO said it received reports of an explosion and a flash sighted about 40 nautical miles west of Al Hodeidah in the early hours of Wednesday, adding that vessels and crews in the vicinity were reported safe. The incidents took place around 0330 hrs local time following reports of increased drone activity in the area

New York-listed bulker owner Genco has returned to profitability in the fourth quarter after going red in third, but finished the year in a net loss of $12.9m. Chief executive John C Wobensmith hailed a ‘strong’ Q4 and pointed to higher earnings in the first quarter, with 81% days already booked

Consecutive annual losses turn around, with net profit of $120m. However, operating profit remains in the red

Change in refineries’ crude buying patterns across Europe underscore the global recalibration in seaborne oil trades following three months of missile and drone attacks through trade artery linking Middle East and Asia to Mediterranean

After falling across the past year, reefer rates have seen an uptick in 2024. But the improvement is expected to be short-lived

Renewables and electric vehicles will be key to the regional transition, report’s authors say. A significant change to low-carbon energy supply for power generation is also predicted

Firming of newbuilding contracts by Oslo-headquartered vehicle carrier tonnage provider follows letter of intent signed in November 2023. Including NOCC’s newbuildings, the global orderbook for pure car and truck carriers numbers 179 vessels

Higher premiums, stable pool and improved investment returns should see most International Group affiliates the right side of the line this year

The Iran-backed Yemeni militants are undeterred by international efforts to counter and disrupt their attacks

Fractal Shipping blacklisted as UK marks anniversary of Russian invasion with fresh sanctions | Record US-Europe crude flows as Houthi Red Sea attacks sideline Iraqi imports | More P&I clubs announce renewal outcomes