Page 59 - Intelligence Limited News Today

Maersk: Red Sea is no bonanza for container lines | Maersk slumps to loss in ‘difficult’ market | Ofac focusing on Russia ‘intermediaries’ in sanctioned trades as crackdown expected to continue

Panellists at Capital Link Athens conference argue financing options should exist for conventionally fuelled and older vessels

State-owned agencies Korea Development Bank and Korean Ocean Business Corp reportedly wanted to retain management control even after divesting their majority stakes. It is unclear what their plans for the container line are after collapse of the deal

The newbuilding contracts include up to eight conventional fuelled VLCCs for Seatankers and up to six LNG dual-fuel units for Capital Maritime & Trading

Faroe Islands passenger ferry and ro-ro cargo vessel operator has contracted China’s CIMC Raffles shipyard to construct two 3,300 lane metre newbuildings

Maritime and Port Authority of Singapore to require additional tests in the upstream bunker fuel chain in a move to reduce contamination problems

Echoes of the tanker war, but Houthis may actually be showing restraint

Fears that further sanctions imposed on oil traders could leave shipowners stuck for protracted periods with unsold cargoes underscored the decision by many of the largest privately held Greek companies to exit lucrative market

Weak headhaul growth to key markets affects overall figures. Annual volumes have barely grown since 2019

Increasingly diversified US-listed owner has nearly $1bn in liquidity at its disposal, including $132m in undrawn ‘hunting licences’ for further bulker and containership buys