Page 45 - List Intelligence News Today

Breakwave is bullish on bulkers, pointing to volatility and talk of a mining safety campaign cutting coal output in China. But geopolitical uncertainty and China’s weak economy are risks

Costs for taking the long route around the Cape of Good Hope are higher. But it is unclear why surcharges appear much higher than actual costs

European green technology funding for shipowners is a gift for Chinese shipbuilders | Ghost of US government ship turns up at Novorossiysk | Price cap ‘phase II’ was spurred by Russia selling ‘large amounts of oil’ above the cap

Fractal Marine, previously one of the largest loaders of Russian crude and products after the imposition of a price cap, has vowed to fight UK sanctions which claim Fractal is part of Putin’s shadow fleet

UKMTO said it received reports of an explosion and a flash sighted about 40 nautical miles west of Al Hodeidah in the early hours of Wednesday, adding that vessels and crews in the vicinity were reported safe. The incidents took place around 0330 hrs local time following reports of increased drone activity in the area

New York-listed bulker owner Genco has returned to profitability in the fourth quarter after going red in third, but finished the year in a net loss of $12.9m. Chief executive John C Wobensmith hailed a ‘strong’ Q4 and pointed to higher earnings in the first quarter, with 81% days already booked

Consecutive annual losses turn around, with net profit of $120m. However, operating profit remains in the red

Change in refineries’ crude buying patterns across Europe underscore the global recalibration in seaborne oil trades following three months of missile and drone attacks through trade artery linking Middle East and Asia to Mediterranean

After falling across the past year, reefer rates have seen an uptick in 2024. But the improvement is expected to be short-lived

Countries like it may be helping to fuel the growth of a “dark fleet” | Business