Page 74 - Intelligence Limited News Today

The latest order has brought the total number of Crown 63 Plus series vessels ordered up to 62

Hanwha Group vice-chairman Kim Dong-kwan also announced the group would own and operate the newly developed green ships, marking a rare bold commitment from a shipyard

The secondhand market is lacking modern tonnage. At the same time, high secondhand prices are leading to more interest in newbuilding options

Clarksons forecasted a strong surge of new orders in 2024, driven by fleet renewal and decarbonisation needs

Newbuildings will feature a 40% improvement in CO2 emissions efficiency

Ransom indemnity and reputational risk expenses included in cover

ING revolver being used to repay Nordea credit facility

Shipmanagement firms risk falling into a ‘commodity trap’ and a race to the bottom unless they can prove their relevance amid decarbonisation, digitalisation, war and sanctions, according to panellists from V Group, BSM, Columbia Group and JP Morgan Asset Management

Tie-up between European liner heavyweights Maersk and Hapag-Lloyd could see the pairing become the dominate force on key trade routes, but Ocean Alliance will far outweigh other alliance rivals and independent operator MSC with its overall capacity offering, according to analysts forecasts

Volumes were soft in San Pedro Bay last year, as the end of the lockdown-induced shipping boom bloated inventories, and protracted ILWU-PMA negotiations chipped at cargo. But the final months of 2023 saw some improvements, and with uncertainty shifting eastwards, Los Angeles and Long Beach are poised to recapture market share this year