Page 86 - Intelligence Limited News Today

Houthi attack prompts Maersk to slow Suez transits | China sets out strategy to dominate green shipbuilding | US targets Houthi financial network supporting Red Sea attacks

EBRD continues to provide funding for Turkish maritime upgrades.The bank recently announced a new programme to support Turkish terminals’ modernisation

Maersk suspends Red Sea transits until further notice | Asia-Europe boxship freight rates more than double after Houthi attacks | ‘Red hot’ tanker rates arise from Red Sea shipping risks

Maersk is again suspending operations in the Red Sea following attacks on Maersk Hangzhou at the weekend. It had halted operations in mid-December and resumed them with the formation of the Operation Prosperity Guardian naval taskforce

Golden Ocean’s board has given Lars-Christian Svensen the role of chief executive on a permanent basis. He has been serving as the dry bulk mammoth’s interim chief since Ulrik Andersen stepped down in June

‘Stakes are rising now that blood has been shed in the region’ says shipbroker Braemar’s head of research Henry Curra

Inclusion in new regime would have ended relatively soft treatment enjoyed for many years by owners in many countries, and entirely scuppered business model of lower-end open registries

Container lines most affected by geopolitical unrest in Red Sea, with surcharges as high as $2,000 per teu announced to compensate for the cost of transiting around Cape of Good Hope

Galaxy Leader’s registered owner said it is still trying to secure the crew’s release despite earlier reports it was ‘imminent’

Regulatory filing by Genco Shipping shows George Economou has taken a 5.4% stake in the New York-listed owner. It is the fourth company since the summer to draw the Greek shipping magnate’s interest after he operated outside of the capital markets once he took DryShips off the Nasdaq in 2019