Page 68 - Intelligence Limited News Today

Beijing’s official voice comes despite the Houthi’s offer to assure the safe passage of ships from China and Russia, with some emerging Chinese carriers also found starting to ply the Red Sea market following the exodus of larger competitors

Another subcontractor died after an explosion at the same shipyard two weeks ago

Conventional bunker fuel sales in Rotterdam at lowest since at least 2010, as fewer arrivals and higher prices than Singapore weighed on demand

Explosions sighted in the Gulf of Aden on Friday morning local time, Ambrey and UKMTO report. US Central Command says it shot down a Houthi missile fired towards the USS Carney. Ambrey says a Panama-flagged, India-affiliated tanker carrying Russian oil reported an explosion 200 metres-300 metres above waterline

Eswatinis nascent flagging business has taken in sanctioned Syrian vessels since it launched late last year and is offering seafarers certification and port services from a landlocked state, despite not being a member state of the International Maritime Organization or a signatory to any of the major maritime treaties or conventions

Between the Black Sea and disruptions of the two key canals, shipping is facing severe challenges. The impacts on the wider global economy could be profound, especially for developing nations

IMO finalises action plan to reduce underwater noise at the sub-committee on ship design and construction, while ruling out future consideration of mandatory measures

Sanctioned ships briefly find a new home as Eswatini enters the flagging business | War risk market split on covering US- and UK-linked vessels for Red Sea transits | Senior Greek calls on builders and suppliers to ‘try harder’ for green solutions

Owners with urgent requirements who are not prepared to pay a premium may need to find alternative ports to bunker at, potentially adding voyage cost and complexity

The evolving situation in the Red Sea, with its rerouted ships, skyrocketing insurance and uncertain duration has largely prompted a short-term view of the risks. But the debate at Marine Money suggests industry is starting to consider longer-term scenarios