Page 53 - Intelligence Limited News Today

Fee that vessels will pay under new proposal will be dependent on alternative fuel availability, while payments for first movers will be proportionate with emission reduction methods

Container shipping faces a glut of large vessels at a time of static teu-mile demand. However, older sub-3,000 teu ships are heading for scrap, with few replacements lined up  afterwards

CMA CGM is refreshing its intra-European fleet with 2,000 teu LNG-fuelled vessels. First in series will serve Baltic trades

Shipowner trade association joins forces with Bangladesh, India, Norway, Pakistan and the International Chamber of Shipping to ask the International Maritime Organization to sort out the mess

The port of Los Angeles had its second-strongest January on record, falling just 1.1% below pandemic-era January 2022, when port congestion in San Pedro Bay peaked. Import volumes reached their highest point since July 2022, as shippers replenished inventories ahead of the Lunar New Year. The impact from the Red Sea crisis has been ‘limited’ so far, according to the port’s executive director Gene Seroka

Clubs scramble to restore Red Sea cover for big-name charterers | Russia and China criticise Red Sea interventions as EU launches defensive fleet | BIMCO takes clash of Hong Kong and Basel conventions to IMO

Showdown at UN Security Council meeting sees Russia and China attack Western naval intervention in the Red Sea, arguing that air strikes against Houthis are not sanctioned by the UN and the use of force is exacerbating security risks for shipping in the region

Rates to lease containers have surged since carriers started rerouting around the Cape of Good Hope. But on the transpacific, demand has played a larger role

Oil majors and trading giants forced to pay extra for cover that was effectively a freebie until now

Ardmore Shipping said longer voyages avoiding the Red Sea and Panama Canal are increasing tonne-mile demand above seasonal winter highs