Page 54 - List Intelligence News Today

Showdown at UN Security Council meeting sees Russia and China attack Western naval intervention in the Red Sea, arguing that air strikes against Houthis are not sanctioned by the UN and the use of force is exacerbating security risks for shipping in the region

Rates to lease containers have surged since carriers started rerouting around the Cape of Good Hope. But on the transpacific, demand has played a larger role

Oil majors and trading giants forced to pay extra for cover that was effectively a freebie until now

Ardmore Shipping said longer voyages avoiding the Red Sea and Panama Canal are increasing tonne-mile demand above seasonal winter highs

Wallenius Wilhelmsen optimistic for the year ahead despite geopolitical challenges and a growing orderbook, as it proposed a new dividend policy

S&P downgrade American Club to notch below investment grade

The partners will study the technology, safety, construction, operation and economics of a 80,000 cu m liquefied hydrogen carrier with the aim of establishing a supply chain for the gas in Asia and other regions

Fredriksen-controlled VLGC player Avance Gas booked a ‘blockbusting’ quarter but warned a narrowing US-Asia gas arbitrage, Panama Canal and Red Sea problems, and cargo availability in the Middle East Gulf will hit rates

End of share buyback programme has seen investors exit. But as its market value falls it is still seen as a safe pair of hands in the long term

Precious Shipping has delivered a grim forecast for its sector’s green prospects, saying first movers would face higher costs and that the EU ETS will not reduce CO2 emissions by ‘an iota’