Page 72 - Intelligence Limited News Today

Mysterious new Chinese carrier emerges to capitalise on risky Red Sea trades | Drone activity reported as Houthis issue defiant response to air strikes | Seafarer abandonment cases up 10% to reach record in 2023

Lured by projected expansion of demand for ammonia, owners vie for newbuilding slots for new breed of very large gas carriers

Chinese shipyards are now less interested in building smaller, less sophisticated tonnage, but India is becoming an attractive shipbuilding option for multipurpose cargo vessels, says DNV business director of MPV, Jost Bergmann

Russia has supplanted Saudi Arabia as China’s largest crude oil supplier after a four-year gap, with Western sanctions forcing many Russian shipments to reroute onto dark fleet tankers

Lloyd’s List Intelligence data shows two LPG carriers and one product tanker are at berth of the port complex. Additionally, one LNG carrier and 13 oil and product tankers are waiting in the anchorage

The 18-year-old laden tanker had switched off its AIS while loading at Black Sea port of Novorossiysk a week ago

Tie-up comes ahead of mandatory requirements from July 2024 for newbuilding contracts to have cyber security measures

Rates of Asia-Europe cargoes fell back this week, according to the Shanghai Shipping Exchange. But transpacific and backhaul trades have continued to rise

International Windship Association expects around 70 vessels to use wind-assisted propulsion by the end of 2024, as stricter environmental regulations boost demand in methods to cut fuel consumption and CO2 emissions

Other predictions include a surge in tanker demolition, geopolitics continuing to dominate the market and Opec+ reversing its production cuts