Page 67 - Intelligence Limited News Today

Ioannis Papalekas-controlled company is building its position as Nasdaq-listed shipping firm refocuses squarely on LNG carriers

Most of the new tankers joining the little-known flag, which operates from the United Arab Emirates, were deflagged in 2023 for breaching sanctions, but not specifically designated

Four Japanese companies formed a consortium to develop a VLCC with a target of 40% lower emissions

Drug seizures at European ports continue to rise. The European Commission has now launched a new programme to bring private and public interests together to fight the crime

ONE has already invested in 12 methanol dual-fuelled vessels. The company set a target of net zero by 2050

Nakilat aims to expand its fleet to 79 vessels with the addition of six newbuilds by around 2027

Off-spec MGO tests increased sharply in 2023 in the world’s biggest bunkering hub Singapore, while off-spec VLSFO blends remained more common in European ports

December diversions dragged down figures for 2023, with more delays likely in the short term. Maersk remains most reliable carrier, while new partner Hapag-Lloyd still has room to improve

Saltchuk has submitted a non-binding indication of interest in acquiring all outstanding shares of Jones Act and US-flag operator Overseas Shipholding Group for $6.25 per share. Saltchuk, which already owns about 21% of OSG’s shares, previously sought to acquire the entity in 2021

Charterers reassess Red Sea risk in light of Marlin Luanda attack | Carrier reliability remains below pre-pandemic levels | Saltchuk renews interest in Overseas Shipholding Group with $357m cash offer