Page 78 - List Intelligence News Today

Ransom indemnity and reputational risk expenses included in cover

ING revolver being used to repay Nordea credit facility

Shipmanagement firms risk falling into a ‘commodity trap’ and a race to the bottom unless they can prove their relevance amid decarbonisation, digitalisation, war and sanctions, according to panellists from V Group, BSM, Columbia Group and JP Morgan Asset Management

Tie-up between European liner heavyweights Maersk and Hapag-Lloyd could see the pairing become the dominate force on key trade routes, but Ocean Alliance will far outweigh other alliance rivals and independent operator MSC with its overall capacity offering, according to analysts forecasts

Lloyd’s List Intelligence figures show 290 ships over 10,000 dwt transited in the seven-day period ending January 14, against the 440 vessels that navigated through the Suez Canal for the week ending November 26, shortly after the Houthis’ first significant attack

Volumes were soft in San Pedro Bay last year, as the end of the lockdown-induced shipping boom bloated inventories, and protracted ILWU-PMA negotiations chipped at cargo. But the final months of 2023 saw some improvements, and with uncertainty shifting eastwards, Los Angeles and Long Beach are poised to recapture market share this year

Action taken by the Office for Foreign Assets Control is the strongest carried out by US regulator against sanctions-circumventing ships not compliant with the G7 oil price cap on Russian exports

Scorpio Tankers president Robert Bugbee has sold 500,000 of his shares in the New York-listed product tanker owner for $32.2m amid a surge in the stock price to multiyear highs

Buyers from India, the second-largest importer, are shunning Russian oil grades that remain above the G7 cap because of the focus on compliance, says the International Energy Agency

US bans 17 tankers and dark fleet owner Hennesea Holdings for Russia sanctions breaches | Houthi attacks to cut Suez oil trade flows by two-thirds, says IEA | Shipper disruptions from Red Sea ‘reaching peak’