Page 73 - Intelligence Limited News Today

Both carriers and major BCOs have been seeking to reduce emissions from box shipping. The closure of the Red Sea is route is a major setback

Newbuilding contracts for 13 bulk carriers were signed in the past week while Ocean Network Express confirmed a much anticipated order for 12 neo-panamax containerships

‘The sellers won’t be happy having to let go of highly lucrative tonnage in a red-hot car carrier market that is unlikely to change through 2024,’ said Dan Nash, head of vehicle carriers & ro-ro at VesselsValue

US-listed container line Matson expects first quarter net income of around $60m, lower than the same period last year, but amid much stronger demand for its China services. The company expects comparable trade dynamics in 2024 as last year barring significant changes in the US economy

The Houthis claim to have hit a US-owned ship on Thursday while UKMTO reports of two drone incidents in the hours following a US strike on Houthi targets. No injuries were reported

Framework agreements in Pakistan will also help DP World enhance its footprint in the country’s underdeveloped yet fast-growing economy

Chinese tonnage rises in Red Sea despite Houthi attacks | Pace of container freight rate increases slows | The week that marked a turning point for shipping in the Red Sea

Three-year-old lessor can support companies and projects left underfunded by the banking system, says Neptune founder and chief executive Harris Antoniou

CMA CGM continues its diversification drive with $700m deal to buy British logistics outfit. Agreement will see Wincanton delisted and absorbed by Ceva

Scorpio Tankers chief executive Emanuele Lauro has sold $27.2m worth of his shares in the product tanker owner, joining president Robert Bugbee who added another $13.2m to a previous sale of $32.2m reported this week. The duo have sold more than 1.1m shares combined