Page 49 - Intelligence Limited News Today

Similarly to previous contracts, follow-on orders at two Chinese builders are for conventionally fuelled vessels

BHP forecasts a small further improvement in global steel production with growth led by India, Southeast Asia and to a lesser extent China over the next two years

The new ownership aligns with SeaLead’s strategic objectives, aiming to leverage its growth trajectory through enhanced governance and access to global capital markets, the company said

‘From what we understand, individual oil sales can be within the price cap even if media and other reports say otherwise,’ said Dan Tadros, the chief operating officer of American Club, the top P&I insurer of Russia-calling tankers

P&I clubs hail renewal tonnage gains | Abandoned ship hit by Houthis towed to Djibouti | Extra due diligence begins for marine insurers and shipowners in Russia oil price cap crackdown

Minimal vessel churn combined with higher premiums, improved investment returns and modest pool claims sees marine mutuals find sweet spot

Compensating for losses from reduced imports from the West would drive Middle East exporters to reverse production cuts, broker argues

Rail services lost ground following the Russian invasion of Ukraine. But for some cargoes, the increased speed is making it more attractive than the Cape of Good Hope rerouting

Shipbuilders from South Korea have swept up VLAC orders since ordering for this new vessel class commenced in 2023

The dry bulker hit by two Houthi missiles on Sunday is listing heavily with a flooded engine room, but the vessel’s Lebanese owners have signed an LOF salvage contract and are trying to tow the ship to Djibouti