Page 47 - Intelligence Limited News Today

Tanker owner Fractal Shipping, founded in 2022 with a focus on Russia trades, has been blacklisted by UK regulators for sanctions violations. The company recently stated that it ‘actively ensures compliance with US, EU, and UK regulations’

Co-operation with Danish offshore shipping company Esvagt takes Greece-based data analytics firm Metis’ range of solutions ‘in a new direction’

Initiative comes as ILO and IMO meet this month, and after ILO study finding nearly one in five workers across all sectors are victims of bullying and harassment

Strong oil demand, the Russian invasion of Ukraine’s effect on tonne-miles and low fleet growth propelled mid-sized tanker specialist Teekay Tankers to its best year on record. The company is nearing a debt-free position as it plans to wind down its last sale-and-leaseback arrangements

Geopolitics has increased inefficiencies of the global containership fleet and pushed up vessel values. But at some point a flurry of newbuilding containerships will cancel out vessel capacity mopped up by diversions

Houthis claimed to have attacked an MSC vessel in the Gulf of Aden, dubbing it an ‘Israeli ship’, in what would be their sixth strike in five days

Within February the Nasdaq-listed owner has agreed a sale-and-leaseback transaction for another of its existing vessels

Diversions around the Cape of Good Hope are soaking up capacity. But with newbuildings flooding in, overcapacity still looms for box sector

Saudi Arabia is India’s second-largest trading partner and there are plans to double bilateral trade to $100bn in the next few years. Negotiations for a free trade agreement between India and the Gulf Cooperation Council states are ongoing

Weekly gain in smaller, feeder containerships filling the void left by larger east-west vessels now transiting around the Cape of Good Hope