Page 90 - Intelligence Limited News Today

Exmar announces chief executive transition with Carl-Antoine Saverys succeeding Francis Mottie, who will remain as COO. The generational shift comes after chairman Nicolas Saverys failed to take Exmar private through family holding company Saverex, but more than doubled its control to over 80%

Restrictions to take effect immediately

Four LNG carriers appear to have rerouted to avoid sailing through the Bab el Mandeb Strait, while others continue to sail through it

The 18,200 teu Mary Maersk and the 13,200 teu Cosco Faith have both reached the southern approaches of the Suez Canal after they abandoned their passage of the Bab el Mandeb Strait. Two more Cosco-operated containerships have since been turned around

Rising risks and insurance rates boost freight rates for product tankers that mostly carry diesel and jet fuel from the Middle East to Europe

Contracts bring the number of tankers on order to three for Nasdaq-listed company at Chinese yard

The EU’s 12th package of sanctions targeting Russia seeks to tighten oil price compliance and increase transparency. It is unlikely to achieve those goals, according to industry officials struggling to interpret the latest round of rules set to come into force next year

The price cap coalition has introduced tighter guidelines for attestation and price reporting, mirroring some of the requirements included in the EU’s 12th Russian sanctions package. The US complemented the move with fresh sanctions that targeted oil traders for the first time since the crackdown on price cap violations began in October

Europe-Asia boxships in Red Sea start returning to Suez Canal | New EU sanctions will increase burden for shipping, but will not stop circumvention | Price cap coalition tightens rules as US slaps out fresh Russian sanctions

IG purchases sublimited excess war cover for vessels trading with Russia, Ukraine and Belarus