Page 84 - Intelligence Limited News Today

Iran’s oil exports closed their best year since the reimposition of sanctions in 2018, while the fleet servicing its sanctioned energy sector grew by 100 vessels, or 15.6m dwt, as sanctions appeared insufficient in deterring owners from participating in the trade

‘Compared with the previous three renewals, the mood is more conciliatory, which is helpful. It is still not a full-blown soft market, but definitely more accommodating,’ according to one broker

Dr Eberhart von Rantzau, joint managing partner at family-owned shipowner John T Essberger, says the company is studying a fleet replacement programme for at least 10 chemical tanker newbuildings as the company prepares to celebrate its 100-year anniversary in 2024

The US, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, the Netherlands, New Zealand, Singapore and the UK have issued a warning to the Houthis in a joint statement. The move comes amid increasing and costly diversions as shipping companies avoid the Red Sea

Shipping needs to cut emissions by 26% in seven years to hit its 2030 target, as the industry’s emissions have been limited since 2008, according to a new paper by the University of Manchester

Tankers from the dark fleet keep a key role in facilitating oil exports, exceeding 40% of ships tracked for a second consecutive month

Maersk Red Sea halt prompts more Cape diversions | Red Sea activity down nearly 20% after containership exodus | Liberia-flagged bulk carrier boarded off Somalia — Ambrey

UKMTO reports five to six armed persons have boarded a merchant vessel southeast of Eyl, Somalia, which Ambrey identified as a Liberia-flagged bulk carrier en route to Bahrain. The description matches the UAE-owned Lila Norfolk

Contracts director steps up to deputy secretary-general role

Uptake of alternative fuels in new vessel orders continued to rise in 2023, as the IMO adopted higher emission reduction targets