Page 48 - List Intelligence News Today

While not the first Cosco vessels braving these waters, the latest voyages signal that the Chinese giant remains undeterred by the escalating attacks and is lured in by the more efficient, shorter journey connecting Asia and Europe

The White House has unveiled an initiative to bolster cyber security in US ports that will expand the US Coast Guard’s authority to respond to malicious online activity, amid growing concerns that nefarious actors could jeopardise critical port infrastructure and supply chains

Greece-based company cuts debt by more than half in 12 months

Cosco ships join dwindling number risking Red Sea passage | Falls in Red Sea ship traffic stabilise as Suez transits hit fresh low | Containership charter market continues to strengthen

Longer passage times are soaking up container equipment. Manufacturers are benefiting after a year of reduced demand

Freezing US temperatures narrowed the US-Asia propane arbitrage as the year started and had a chilling effect on VLGC spot rates, which hit their lowest levels in nearly two years early in February. But not so the past two weeks, with Jefferies assessing rates at around $40,000 per day globally, driven by higher US export volumes

Similarly to previous contracts, follow-on orders at two Chinese builders are for conventionally fuelled vessels

BHP forecasts a small further improvement in global steel production with growth led by India, Southeast Asia and to a lesser extent China over the next two years

The new ownership aligns with SeaLead’s strategic objectives, aiming to leverage its growth trajectory through enhanced governance and access to global capital markets, the company said

‘From what we understand, individual oil sales can be within the price cap even if media and other reports say otherwise,’ said Dan Tadros, the chief operating officer of American Club, the top P&I insurer of Russia-calling tankers