Page 6 - Intelligence Limited News Today

Dorian LPG says congestion is rising in the Panama Canal as transit slots and auction fees increase, with Argus Media data showing fees more than quadrupling since April. But rising VLGC transits through the waterway have not impacted freight rates, which continue to edge upwards after crashing in January

The project brings together major Japanese maritime companies such as ClassNK and Imabari Shipbuilding to share data more easily

Marshall Islands-flagged Dubai Angel is carrying the first cargo from the recently expanded Trans Mountain pipeline in Vancouver, vessel-tracking data suggests. The new pipeline is expected to add 25 to 30 aframax loadings per month when fully operational

Chief executive Harris Antoniou says ship leasing has already become a mainstream form of finance and can only continue growing

China is developing enough renewable energy to replace its coal-fired electricity stations. Imports of steam coal are forecast to fall

Four of the five biggest lenders to Greek shipping are now home-based banks as international institutions struggle to sate their appetite for deals

The Liberia-flagged Basilisk was en route to Abu Dhabi from Rotterdam and came under attack just over 400 nautical miles off the Somalian coast

Chinese business gains momentum while Russian trade loses lustre

Rising number of dead ships are appearing to return to life when their MMSI number is broadcast, reflecting an increase in tactics to manipulate Automatic Identification System signals to show vessels in fake locations

Listed tanker owner now aims to secure refinancing to repurchase suezmax from Ocean Yield