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‘Leaky’ Russia oil price cap being ‘breached left and right’, UK parliamentary inquiry told | Houthis secure first direct hit in Indian Ocean | Emanuele Grimaldi stake in Höegh Autoliners fuels takeover possibility
Nigerian president Bola Tinubu claims to have secured an investment of $600m from Danish shipping and logistics giant Maersk, but that appears to be news to Maersk
Shipping’s P&I clubs have been struggling with the requirements of the G7 oil price cap since its inception. But as the UK government prepares to examine whether Russian sanctions are working, shipping’s insurers have gone on the offensive to explain why the price cap is flawed and is driving more ships directly into the dark fleet
Those not willing to accept the risk of a Houthi attack have diverted and those that remain are likely going to continue sailing the shipping lanes off Yemen regardless of how the situation develops based on behaviour to date
Iran’s foreign minister said MSC Aries will be released, but there has been no formal announcement