Page 57 - Intelligence Limited News Today

The Taiwanese offshore wind sector is one of the fastest growing, with more than 100 projects slated for development. Seaway7 has been operating in the country since 2017

US imports increased in January, according to the latest report from logistics and software provider Descartes. Volumes and delays grew nationwide, but the west coast gained the most import cargo, while the east coast accounted for most of the delays amid the Red Sea diversions

The impact of the Red Sea rates shock has been tempered by lower demand. But capacity management has led to a sharp rise on the ailing transatlantic

The initial shock phase of the Red Sea crisis is coming to an end. With demand now set to ease the market has a chance to settle

The two-month long pilot project reached a carbon capture efficiency of 78% on a 3,200 teu boxship

DFDS’ outlook for 2024 impacted by an elevated level of financial uncertainty because of high inflation and interest rates, and geopolitical tensions

American Club culls 15 tankers accused of shipping Iranian oil from insured fleet | Ofac sanctions four companies and Sovcomflot tanker for Russia oil price cap violations | Box shipping settles into the new ‘new normal’

Despite the easing of cross-border restrictions, volumes remained stagnant in 2023 as shippers switched to direct shipments into China, hitting Hong Kong’s traditional transhipment business. Competing mainland ports also received government incentives, which enabled them to offer container lines cheaper rates

MOL is working with a compatriot energy company to develop a carbon capture and storage value chain to Australia. Estimates anticipate the import of up to 5m tonnes per annum to the Moomba CCS project by 2030

Weekly containership transits through the east-west artery have steadied over the past month, but ultra-large tonnage is now almost entirely rerouted