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JANUARY 23, 2024

Shipping Idea Exchange holds well-attended event in Mumbai Retailers opting for air freight to protect supply chains Wiz Freight announces INR 125 cr. Series B funding led by Japanese venture capital SBI Investment & Nippon Express HazDV simplifies process of managing hazardous cargo documentation for shipping lines Online platform for aspiring exporters in 3 months, says DGFT Oilmeals exports up Red Sea Crisis: Second largest capacity drop NEMO service will temporarily stop crossing Suez Canal & go via Cape of Good Hope Committed to revive BOT model, making it investment friendly & attractive for private partnerships: Gadkari Chinese auto exporters go for own shipping fleets Red Sea crisis not an India-specific issue; govt has provided cushion to exporters: Secy Gems & jewellery exports decline during April-Dec. Bahri Chemicals to time-charter two methanol-powered ships in a 5-year agreement with Proman Surge in wheat shipments bypassing Suez Canal India's GDP seen growing at 6.9-7.2 pc in FY24 Agri exports dip, basmati rice sees significant surge Baltic Exchange Market Report (19 January 2024)

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JANUARY 23, 2024

More than half way there More short-haul freight routes Swiss Post banned from takeover DHL Express: new heads for Asia Pacific 775,000 carbon-free km Extending cooperation on dangerous goods Wincanton sold for GBP 566.9 million Maersk bypasses the Red Sea Menzies Angola is born Panattoni: a hub in the city centre Why January remains the busiest month for jobs Xi'an's latest train en route to Poti Quicker Med-Sea connection "Curiosity of the Day" Gliding between archipelagos MOL commits to safety A promotion for Lasse Wirenius Two major deals in India's real estate sector Researching HGV data in Scotland

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JANUARY 22, 2024

Speed up or add ships? Carriers mull Asia-N Europe makeover options Flexport - (nicely) exposed 'Nervousness' as container shortage starts to impact Indian exporters Panama Canal headaches not so painful for box ships, but costs will rise Red Sea risk: how much of nuisance are rate hikes really for shippers? South Korea and Vietnam governments intercede for SME shippers Network composition - try some lateral thinking Jail time looms as more defendants in Polar Air Cargo fraud case admit guilt Can FedEx match up to Amazon with new data-driven platform fdx? Philip Rauchhaus steps up as new regional head at Lufthansa Cargo Martin Kraemer joins DoKasch as VP sales and marketing Peel Ports appoints Marcus Connolly its strategic commercial director

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JANUARY 22, 2024

Windward Offshore ups its Vard CSOV order to four ships Windward Offshore has exercised an option under a contract placed with Fincantieri's Norwegian-based Vard subsidiary in October last year and has added two additional hybrid commissioning service operation vessels (CSOV) to the Houthi claim of hit on Ocean Jazz "patently false" The Reuters news agency today reported the Houthis as saying that they had launched a missile attack on the Ocean Jazz, a 10,662 dwt U.S.-flagged heavlift carrier, in the Gulf of Aden. NYK Line bridge simulator advances offshore wind training in Japan An advanced full mission bridge simulator for offshore wind operations developed by NYK Line and Damen Services is set to be inaugurated in Akita, Japan, on April 1. The offshore wind training

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JANUARY 22, 2024

Piteå to Gothenburg: New rail shuttle unveiled Träfraktkontoret in Gothenburg, along with its subsidiary TFK Logistics, has successfully launched a railway shuttle service connecting Piteå to the Port of Gothenburg, the largest port in Scandinavia. This achievement ensures that businesses in the northernmost region of Sweden now have access to a reliable and eco-friendly transportation solution for their global markets. "We are very pleased w Oakland reports container volume decline in 2023 Port of Oakland saw its container volumes decrease by 11.6% to 2,065,709 TEUs with full containers declining by 10.1% to 1,574,444 TEUs in 2023. "2023 finished strong," pointed out Port of Oakland Maritime Director Bryan Brandes, adding, "Carrier on-time performance has improved importer confidence and provided valuable vessel space for our agriculture exporters to move their products from Oaklan CMA CGM reshuffles Algeria services due to Red Sea crisis CMA CGM has announced changes in several of its services due to the current crisis on the Red Sea and Suez Canal. "With immediate effect, all cargo bound for Oran, Mostaganem and Ghazaouet, Algeria, will now transit either via Algeciras or via Valencia instead of Tanger," said the French ocean carrier in a statement. The Agapome service will stop calling at Tanger port and the new rotation will b Danish variety store chain Flying Tiger Copenhagen to transport its Maersk ocean cargo with ECO Delivery Ocean A.P. Moller - Maersk has announced that Flying Tiger Copenhagen will transport its entire ocean freight transport volume under Maersk care with the ECO Delivery solution from 2024 onwards to reduce its greenhouse gas emissions from ocean logistics. With ECO Delivery, Maersk customers can handle ocean transports completely with certified green fuels like second generation biofuel based on waste fe Hapag-Lloyd takes over UK-based road haulier Hapag-Lloyd signed an agreement to acquire 100% of the share capital of UK-based ATL Haulage Contractors Ltd (ATL). Established in 2008 as a private company, ATL has a fleet of 120 owned trucks and a network of over 100 additional trucks from dedicated subcontractors. The entire owned truck fleet has an average age of under two years and a minimum emissions standard of Euro 6. Additionally, the c Port NOLA partners with global consulting firm on St. Bernard Transportation Corridor project The Port of New Orleans (Port NOLA) Board of Commissioners has taken significant steps to proceed with the expedition of the St. Bernard Transportation Corridor, a crucial roadway for St. Bernard Parish. This corridor will establish a vital link between the new US$1.8 billion Louisiana International Terminal (LIT) and the interstate system, fulfilling a longstanding need expressed by the St. Bern Toyota's Woven Capital boosts Corvus Energy for global maritime zero-emission projects Corvus Energy, a global leader in zero-emissions energy solutions for maritime, offshore, and port applications, has announced a significant investment from Woven Capital, Toyota's growth fund. This move aims to accelerate the development of Corvus Energy's expanding product portfolio, particularly in the areas of battery storage and hydrogen fuel cells. The investment will also facilitate the co Peel Ports appoints new strategic commercial director Peel Ports Group has enhanced its global container operations through the appointment of Marcus Connolly as the new strategic commercial director. Bringing over 25 years of experience in international container shipping and logistics, Marcus Connolly has previously held positions at A.P. Moller-Maersk and NYSHEX. Based at the Port of Liverpool, Connolly will lead efforts in developing transformat South Carolina inland ports achieve record results amid container drop in 2023 Both inland ports at South Carolina Ports handled a record number of containers in the last year with Inland Port Greer moving 175,873 containers, translating to a 26% year-over-year growth and Inland Port Dillon increasing its volume by 55% to 43,266 boxes. According to SC Ports statement, the growth at these two rail-served inland ports has driven the percentage of containers moved inland by ra Port of Koper unveils new state-of-the-art truck terminal The Port of Luka Koper has officially unveiled its new external truck terminal in Sermin, Slovenia. Recognised as Slovenia's most modern truck parking facility, it is designed to meet high service and safety standards following European Union's regulations. The inauguration ceremony featured the presence of Alenka Bratu�ek, Slovenia's Minister of Infrastructure, Nevenka Kr�an, president of the ma CMA CGM adjusts NEMO service due to Red Sea crisis Due to recent attacks on commercial vessels in the Red Sea Region, CMA CGM Group is introducing precautionary measures for the safety of its vessels and crew members. As a result, the NEMO Service will temporarily reroute around the Suez Canal via the Cape of Good Hope in both directions. Therefore, the French ocean carrier will offer a direct fixed-day weekly service connecting Europe with Reuni Wan Hai could replace Hapag-Lloyd in THE Alliance: Yang Ming ex-boss Yang Ming Marine Transport's ex-chairman Bronson Hsieh suggested to Taiwanese media that Wan Hai Lines could be a suitable substitute for Hapag-Lloyd in THE Alliance. Speaking to ETToday, Hsieh noted that Wan Hai, which operates solo Transpacific routes, had ambitions of launching Asia-Europe services. Wan Hai also has begun taking delivery of eighteen 13,000 TEU ships that were ordered during th Port of Riga handles 465,000 TEUs in 2023 The Port of Riga set a new record in 2023 by handling more than 5 million tonnes, equivalent to 465,4000 TEUs, for the first time in the port's history. Containerized cargo emerged as the largest cargo group for the first time, constituting 27% of the port's overall cargo portfolio. In comparison to the previous year, container cargo volumes witnessed a significant 9.8% increase. Also, the Port o Maersk updates Sakura service Maersk has announced improvements to its Sakura service's port rotation. The network modification seeks to improve Maersk's ability to meet the import and export demands of the Japanese market while also ensuring the connection of client cargo to essential core services in Shanghai, resulting in a more efficient and reliable service. The new Sakura Service will connect Shanghai (Eastbound) (China

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JANUARY 22, 2024

Diana Shipping offshore wind JV doubles CSOV order tally at Vard The Windward Offshore joint venture, consisting of Greek bulker owner Diana Shipping, Blue Star Group, SeaRenergy Offshore, and SeraVerse, has exercised its option to acquire two additional newbuilding offshore wind commissioning service operation vessels (CSOVs) from Norwegian shipbuilder Vard. Following the completion of the acquisition of the two additional CSOVs, Windward Offshore will have c Hapag-Lloyd acquires UK's ATL Haulage Contractors Germany's Hapag-Lloyd has struck a deal to acquire UK-based ATL Haulage Contractors. The Hamburg-headquartered liner is adding a fleet of 120 owned modern trucks with an average age of under two years and a network of over 100 additional trucks from dedicated subcontractors for an undisclosed sum. "The acquisition of ATL, and working together with ... Diana Shipping fixes out panamax to ST Shipping and Transport New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Glencore's Singapore-based ST Shipping and Transport for one of its panamax dry bulk vessels. Also, the company's offshore wind JV exercised an option for an additional two CSOVs. ST Shipping hired the 2013-built, 75,403-dwt bulker . The gross charter rate ... TEN offloads elderly suezmax Tsakos Energy Navigation (TEN) has cashed in on one of its ageing suezmax tankers. The New York-listed Greek player has offloaded the 2005-built Eurochampion 2004 to an unnamed buyer in a deal that is expected to contribute about $40m to TEN's cash balance. The ship was debt-free and part of a double suezmax repurchase with ... Eni enters offshore wind partnership in Spain Renewable energy player Plenitude, controlled by Italian energy major Eni, has entered into a strategic partnership with BlueFloat Energy and Sener Renewable Investments to accelerate the development of offshore wind projects in Spain. According to Plenitude, this collaboration strengthens the existing joint venture between BlueFloat Energy and Sener Renewable Investments. Together, they boast a Wallenius Wilhelmsen expands fleet, seals new transport deal Car carrier operator Wallenius Wilhelmsen has signed a multi-year shipping contract with an undisclosed South Korean construction machinery company and added two new vessels to its fleet. In an Oslo Bors filing the company said that the new agreement - described as 'significant' by the Norwegian company - has a duration of three years, plus ... Cape diversions see shipping emissions soar The extraordinary redrawing of the seaborne trading map between Asia and Europe over the past couple of months since the Houthis intervened in the ongoing war in Gaza is having a deleterious effect on shipping's carbon footprint with one new report suggesting shippers might experience a more than five-fold increase in CO2 emissions per container ... ABB awarded contract for Guyana-bound FPSO Swiss technology group ABB has secured work on an ExxonMobil floating production storage and offloading (FPSO) unit slated for the South American Uaru oilfield. Under the contract, awarded by Offshore Frontier Solution in Singapore, a joint venture between Japanese floater specialist Modec and Toyo Engineering Corp, ABB will deliver the topside and hull electrical systems ... Sohmen-Pao strikes deal for BW Energy Floater specialist BW Offshore has accepted an offer by parent company BW Group to buy shares of affiliate company BW Energy at the second time of asking. BW Group has on November 29, 2023, purchased 250,000 shares in BW Energy for NOK 23.7717 ($2.3) per share via an all-or-nothing order placed with a bank. Following ... Australia recalls livestock carrier Livestock carrier that departed Fremantle in early January for Aqaba, Jordan, has been instructed to return to Australia by the country's federal government. The 2010-built, 7,900-dwt livestock carrier, formerly known as the Ocean Outback - registered to Bassem Dabbah Shipping and operated by Korkyra Shipping - has a capacity for approximately 8,000 animals. The vessel ... Reach Subsea adds $54m to contract backlog Norwegian offshore services player Reach Subsea has been awarded several new contracts, contract extensions and option exercises worth in total more than NOK570m ($54.5m). The new work relates to existing framework agreements for operations in the North Sea and the Americas region. Most of these contracts are starting in the first quarter and cover all ... Greeks raise bets on ammonia trades Shipowners have continued to secure berths for very large ammonia carriers (VLACs) in South Korea, with Greek players named as being behind newbuild orders at Samsung Heavy Industries (SHI) and compatriot builder HD Hyundai Heavy Industries (HD HHI). George Economou's TMS Cardiff Gas has signed for two 88,000 cu m ships at SHI, lifting its ... Wisdom Marine back at Tsuneishi for kamsarmax duo Taiwan's Wisdom Marine has returned to Tsuneishi Shipbuilding with a deal for two newbuild kamsarmax bulk carriers and delivery in 2026. The Taipei-based owner, led by Lan Chun Sheng (James Lan), said in a stock exchange filing that the pair of 82,400 dwt would cost up to $80m. Tsuneishi Zhoushan in China had already delivered ... Tsakos swoops on five Viken tankers Tsakos has been tied to purchasing five modern tankers in a deal with Norway's Viken Shipping. The Greek owner has picked up the 2023-built LNG dual-fuel LR2s Angleviken and Askviken, the 2018-built aframax Breiviken and its 2019-built counterpart Eikeviken as well as the 2018-built suezmax Morviken, according to MB Shipbrokers, formerly Maersk Broker. No price ... KSS Line takes Scorpio MR tanker In the middle of last week, New York-listed Scorpio Tankers revealed that it had sealed a deal to sell a nine-year-old MR that it bought out of lease financing in 2022. The product tanker giant revealed that it had sold the SPP-built MR2 STI Tribeca for $39.1m, with delivery in the first quarter. Now, brokers ... Novatek's Baltic terminal attacked by long-range drones from Ukraine Ukrainian forces conducted a drone attack on Russia's largest Baltic port over the weekend. The operation, which used two long-range drones, resulted in a massive fire at Novatek's gas terminal with all staff evacuated. Four tankers were moored at the port at the time of the attack. They quickly left the port within an hour ... Angelicoussis offloads its oldest VLCC for a firm price The Angelicoussis Group has sold a vintage VLCC for a firm price. The outfit has let go of its oldest VLCC, the 306,200 Elizabeth IA, a Daewoo-built ship that hit the water in 2004. The price tag attached to the deal is just under $34m. The ship has already been renamed Statice and is now ... Ship abandonment cases leapt 11% last year The International Transport Workers Federation (ITF) has released its figures for the numbers of vessels abandoned in 2023 which show a worrying 11% increase from the previous year. Seafarers are deemed to have been abandoned if the shipowner fails to cover the cost of a seafarer's repatriation; or has left them without the necessary maintenance ...

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JANUARY 22, 2024

US and UK hit Houthis with further airstrikes The eight round of airstrikes from the US and UK have targeted Houthi underground storage and missile and air surveillance... The Lloyd's List Podcast: Why are some shipowners prepared to run the Red Sea gauntlet? The wait and see period for shipping is well and truly over - ships of all types are now re-routing... High cost of alternative fuels will boost sails International Windship Association expects around 70 vessels to use wind-assisted propulsion by the end of 2024, as stricter environmental regulations... Wallenius Wilhelmsen acquires leased vehicle carriers for a song 'The sellers won't be happy having to let go of highly lucrative tonnage in a red-hot car carrier market that... CMA CGM continues to run Red Sea gauntlet Containerships in the Red Sea are becoming increasingly rare. Maersk is now also avoiding the Gulf of Aden, while Hapag-Lloyd... The week in newbuildings: Dry cargo sector in vogue Newbuilding contracts for 13 bulk carriers were signed in the past week while Ocean Network Express confirmed a much anticipated... The week in charts: Suez Canal vessel transits plunge by a third | Risk appetite divides Red Sea Shipping | Chinese tonnage increases in Red Sea despite Houthi attacks Lloyd's list Intelligence vessel-tracking data reveal that a tipping point has been reached in the Red Sea amid a second... Red Sea diversions increase boxship emissions Both carriers and major BCOs have been seeking to reduce emissions from box shipping. The closure of the Red Sea... VLCC orders set to double in 2024, says Poten Other predictions include a surge in tanker demolition, geopolitics continuing to dominate the market and Opec+ reversing its production cuts Surging oil exports see Russia displace Saudi as China's top supplier Russia has supplanted Saudi Arabia as China's largest crude oil supplier after a four-year gap, with Western sanctions forcing many... More vintage containerships head for recycling MSC sends 30-year-old boxship and a 24-year-old multi-purpose cargo vessel for Hong Kong Convention recycling, to bring its demolition sales... HD Hyundai in ship cyber security tie-up Tie-up comes ahead of mandatory requirements from July 2024 for newbuilding contracts to have cyber security measures Fire at Russian tanker terminal halts exports after possible drone strike Lloyd's List Intelligence data shows two LPG carriers and one product tanker are at berth of the port complex. Additionally... Sanctioned Hennesea Holdings tanker blocks Bosporus traffic The 18-year-old laden tanker had switched off its AIS while loading at Black Sea port of Novorossiysk a week ago Seized tanker crew 'well treated' by Iranians, says released cadet The 19-year-old speaks of crew's shock at vessel's seizure at gunpoint - and his surprise at quick release Daily Briefing Chinese tonnage rises in Red Sea despite Houthi attacks | Pace of container freight rate increases slows | The week...

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JANUARY 22, 2024

Hapag-Lloyd takes over UK-based trucking company in multimodal expansion The carrier is growing its multimodal footprint in the UK market to support its global maritime transport network. Red Sea crisis sends ocean rates exploding for India-Europe loads There are also some signs of the inventory cycle starting to get problematic for Indian shippers because of extended equipment turnarounds given the new routings. New shipper signs up to Maersk's green service as Red Sea emissions mount Shipper demand for more environmentally friendly ocean transport is building slowly, but longer voyages around Africa stand to add significantly more CO2 emissions per TEU to Asia-Europe cargo.

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JANUARY 22, 2024

US shipowners eschew Red Sea routes after vessels come under fire Genco, Pangaea Logistics and Royal Caribbean steer clear of troubled region Houthis claim attack on US-flag cargo ship in Gulf of Aden as Navy denies ship was hit Missiles are said to have been fired against the heavylift vessel Ocean Jazz Podcast: The 'astute operators' turning a tanker company into a green shipping platform Financial analyst Michael Webber says it would take decades to build CMB.Tech platform 'Release Galaxy Leader crew immediately', pleads IMO chief Iran-backed Houthi regime has held the car carrier and its seafarers for two months Tsakos Energy Navigation clears way for modern tankers by cashing in older suezmax Greek owner offloads ship named after the country won the 2004 European football championship Hapag-Lloyd dives into UK logistics sector as it snaps up road haulier German liner operator follows similar move by CMA CGM last week Red Sea relief fuels ongoing recovery in boxship charter market Owners also capitalise on strong vessel demand ahead of Chinese New Year Protesters stop Israeli container ship from docking in Australia Zim Ganges stuck at anchor for three days off Australia Hoegh Autoliners revamps management team with new sustainability lead New hire joins from the auto parts industry Estonia reveals digital 'grand plan' to help its ship register fly Tech-savvy country wants to grow its maritime industry Clean ammonia trade boom to swell VLAC fleet to 400 ships, MSI says Demand to be transformed by increasing move from fertiliser production to bunkers Product tanker rates jump as ships flee Red Sea in wake of Houthi attacks LR2s could climb above $90,000 per day if utilisation continues rising, Clarksons says Wison New Energies moves on design work for two FLNG units for Nigeria Ace Gas & FLNG Co and Transoceanic Gas & Power adopting 'design one and build two' strategy Genco talks up track record as George Economou circles Bulker owner's chairman and CEO believe they have positioned the company well Red Sea crisis fuels rise in carbon emissions as container ships take longer routes at higher speeds But Carbon Intensity Indicator scores are safe for large boxships because longer distance helps New York's Genco talks up track record as George Economou circles CEO and chairman of bulker owner believes they have positioned the company well Spiral of Somali piracy attacks 'highly likely', says safety think tank Safe Seas director Christian Bueger says the region's anti-piracy network has partially collapsed Eagle's Gary Vogel to pocket $9m as he sails away from Star Bulk takeover Accelerated vesting of restricted stock as company changes hands is key to officer awards Alpha Gas tops up VLAC newbuilding drive with Hanwha Ocean duo Greek shipowner confirms two orders at second South Korean yard KSS lines up flipped Scorpio MR tanker for Hyundai Oil charter Brokers identify South Korean owner as the buyer behind Emanuele Lauro-led company's sale Product tanker rates jump as ships flee Red Sea in wake of Houthis attacks LR2s could climb above $90,000 per day if utilisation continues rising, Clarksons says Borealis Maritime eyes $2bn war chest for maritime asset buying spree Having sold the bulk of its boxships, London-based company secures $600m in fresh funds with which to grow in new areas US crude tanker trade growth to slow as output falls, says Gibsons Projections suggest production will not match much better than expected total from 2023 DNB sees strong rates triggering capital markets comeback for shipping DNB's head of ocean says industry needs frontrunners in energy transition Chinese shipyard picks up first-ever newbuilding order from Japanese shipowner Chinese shipyard wins debut newbuilding deal from Japanese shipowner Wallenius Wilhelmsen snaps up valuable car carrier tonnage for staggering $100m discount Norwegian owner's Eukor unit taking back two ships from Japanese owners EU warns shipping over risk of Houthi ship-boarding in Gulf of Aden Increased skiff activity raises concerns of interceptions despite failed Houthi attack last month Chinese yard picks up first-ever order from Japan as marketing campaign finally pays off Chinese shipyard wins debut newbuilding deal from Japanese shipowner Livestock carrier recalled by Australia after it decides to scrap Red Sea trip Animals had spent 15 days at sea before authorities ordered it to return China's New Dayang Shipbuilding inks milestone newbuilding deal with Japan's Kasuga Kaiun Chinese shipyard wins its debut newbuilding deal from a Japanese shipowner Grey methanol, ammonia and hydrogen 'not viable' marine fuels in short term, says SEA-LNG SEA-LNG poised to release cost of compliance fuelling calculator in first quarter Andreas Sohmen-Pao's BW Group pays $176m for BW Energy stake Singaporean group will hold around 74% of the oil and gas company Wallenius Wilhelmsen scoops 'significant' $290m transport deal in South Korea Norwegian car carrier giant to ship construction machinery for up to five years Eagle Bulk director Randee Day quits as George Economou backs her for Genco board shake-up The experienced director is also on the board of International Seaways Andreas Sohmen Pao's BW Group pays $176m for BW Energy stake Singaporean group will hold around 74% in the oil and gas company Wisdom Marine returns to Tsuneishi for bulker newbuildings Taiwanese owner is paying less than $80m for two conventionally fuelled vessels 'As dark as you get': Russia tanker trades set to enter new era, warns Fractal Shipping boss In the first of a two-part interview, the CEO opens up on the rise of Fractal Shipping amid sanctions and paints a worrying picture of what is to come India and China vie for Venezuela VLCC crude cargoes Tankers International says VLCC prospects boosted by longer haul trades in 2024 VLCC newbuilding orders set to 'take off' in 2024, says Poten US broker says more tankers will be scrapped due to EU scrutiny of secondhand sales Container and passenger castoffs dominate recycling sales, with MSC still in the lead Two of Swiss liner giant's boxships among an eclectic collection of seven ships sold for recycling over past week Maersk, NYK, Centrofin ships rescue migrants as illegal Med crossings surge Four commercial ships picked up nearly two hundred boat people over the weekend in separate incidents off Greece CMA CGM diverts more ships as Australia service heads for Cape of Good Hope French liner giant says the Red Sea crisis shows little sign of a solution anytime soon Libya's Al Sharara field resumes production after two-week hiatus Force majeure lifted at a key crude provider for Mediterranean aframaxes

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JANUARY 22, 2024

United Airlines' cargo decline eased in fourth quarter United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year. Shipping and geopolitical risk: Don't forget about Korean Peninsula Amid the focus on wars in Europe and the Middle East, North Korea's threat to key exporting and shipbuilding nations grows.