Page 60 - Intelligence Limited News Today

Demand for ships above 2,000 teu has increased by the Red Sea effect, with time charter rates for 6,500 teu units rising by over 50% since December

Flex LNG chief executive warns of challenging years ahead for the LNG freight market because of increased capacity, but says the New York- and Oslo-listed company is ‘very well positioned’ with 94% charter coverage for 2024

The formal rubber-stamping of a 100% share takeover of CMB.Tech by Euronav shareholders confirms the radical new directions of the former tanker titan and triggers a plan to at least double the size of its current fleet

New 38,000 dwt ships ordered by a Stolt Tankers and NYK joint venture will mirror design of six vessels contracted by Stolt from Wuhu Shipyard in November

Greek shipowners in rapid exit from Russia oil trades as sanctions enforcement intensifies | Red Sea war risk cover ‘sustainable’, Roberts insists | Red Sea tanker transits plunge 20% as east-west trades bifurcate

New York-listed, VLCC pure-play DHT reports net income of $161.4m for 2023, its second-best year on record, and says freight market is showing ‘encouraging behaviour’

The US announced a major crackdown on a ‘billion-dollar global network’ trafficking Iranian oil, coinciding with US airstrikes on Iran-backed militias in the Middle East. Prosecutors also unveiled a civil forfeiture against a cargo of over 500,000 barrels that was loaded on an unsuspecting Euronav tanker with forged documents

St Nikolas, the tanker formerly known as Suez Rajan, was seized by Iranian naval forces on January 11 and has been held in Bandar Abbas ever since. But then this week its spoofed AIS signal mysteriously reappeared in the Bosporus

Certis Group chairman Allen Lew and Keppel DC REIT Management director Yeo Siew Eng are the two other new appointees for a three-year term to 2027. Enesel executive chairman Esben Poulsson, PIL Holdings director Teo Choo Wee and Lien Properties managing director Vincent Lien are stepping down

The Houthis claimed attacks on British and American ships on Tuesday despite more US air strikes on Yemeni drones