Page 11 - List Intelligence News Today

Colombo cashes in on Red Sea rerouting at expense of Saudi majors  | The View: The International Group is right. The Russia oil price cap is unenforceable

Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka’s hub-and-spoke specialist has reaped the rewards of the trunk liner trades’ southern migration. For ships rerouting around the Cape of Good Hope, Colombo is positioned as an unrivalled wayport option for Middle East and Indian subcontinent cargoes  

Higher demand and freight rates have led Maersk to raise the lower end of its guidance for the full year. But overcapacity remains a concern, despite increasing volumes

Human Rights at Sea is seeking greater visibility on its Geneva Declaration on Human Rights at Sea, including adoption by UN bodies

Commodities trading giant Trafigura has penned newbuilding contracts for four ammonia dual-fuel liquefied petroleum gas carriers, which will also be capable of ammonia carriage

Maersk introduced a €23 per dry teu ETS surcharge on the east Asia to north Europe route during the first quarter based on an ETS price estimate of €82 per tonne of CO2

Capacity shortages and strong demand have propped up freight rates and will do so for another quarter. But beyond that, the looming threat of overcapacity remains, even if the Red Sea crisis continues

Edda Wind was founded by Østensjø, which says it has ‘mixed feelings’ about selling its remaining stake in the offshore wind company

Freight assessments from Argus Media highlight challenges facing Western regulators in enforcing the G7 price cap on Russia’s oil and shipping sector

Container lines faced two years of overcapacity as deliveries swamped the market. But diversions around Africa have proved the need for buffer capacity in the market