Daily Briefing May 6 2024
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
Source: lloydslist.com
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Colombo cashes in on Red Sea rerouting at expense of Saudi majors
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
Source: lloydslist.com
Maersk lifts outlook on Red Sea disruption
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
Source: lloydslist.com
Lloyd's Register funds maritime human rights project :: Lloyd's List
Human Rights at Sea is seeking greater visibility on its Geneva Declaration on Human Rights at Sea, including adoption by UN bodies
Source: lloydslist.com
Trafigura returns to HD Hyundai Mipo with new order for ammonia-fuel gas carriers
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
Source: lloydslist.com