Page 54 - Intelligence Limited News Today

Wallenius Wilhelmsen optimistic for the year ahead despite geopolitical challenges and a growing orderbook, as it proposed a new dividend policy

S&P downgrade American Club to notch below investment grade

The partners will study the technology, safety, construction, operation and economics of a 80,000 cu m liquefied hydrogen carrier with the aim of establishing a supply chain for the gas in Asia and other regions

Fredriksen-controlled VLGC player Avance Gas booked a ‘blockbusting’ quarter but warned a narrowing US-Asia gas arbitrage, Panama Canal and Red Sea problems, and cargo availability in the Middle East Gulf will hit rates

End of share buyback programme has seen investors exit. But as its market value falls it is still seen as a safe pair of hands in the long term

Precious Shipping has delivered a grim forecast for its sector’s green prospects, saying first movers would face higher costs and that the EU ETS will not reduce CO2 emissions by ‘an iota’

More than a third of the container shipping fleet comprises scrubber-fitted capacity, with MSC’s preference for the onboard abatement technology fresh tonnage driving fleet numbers

Scorpio has reported strong fourth-quarter earnings, upped its dividend and reiterated its focus on deleveraging. Red Sea diversions have tightened capacity, helping propel LR2 tanker rates for LR2 tankers, reflected in strong guidance for the first quarter

GHG levy finding more support at IMO | VLGC sales were too good to resist, says Avance Gas’ Kalleklev | Scrubber-fitted boxship capacity climbs to new highs

Avance Gas said it could not resist the $72m profit it made from selling two gas carrier newbuildings for a combined $240m in December. It expects a volatile market but has plenty of cash to spare