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...The statement on behalf of the owners said the vessel was “drifting, well away from land” and that salvage arrangements were being made....
...And companies that ask for a reprieve rarely if ever get them....
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...It was LATIII that took out the policy, paid all the premiums, and was its sole benefactor. In 2011, LATIII sold the Barotz trust to a fund allegedly controlled by Apollo....
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...“We believe more vessels will avoid the area.”...
...Marine Traffic, a vessel-tracking service, showed the MSC Orion was en route to Salalah when it was attacked. MSC did not respond to a request to comment....
...But one vessel — the Rubymar — was apparently hit on the basis of an outdated UK address in maritime databases....
...Lack of funding was a key issue, according to the OEP....
...However, Jan Rindbo, chief executive of Norden, a big Copenhagen-based operator of dry bulk carriers, said the technology was likely to make financial sense for his company only once there were stricter...
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...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...The vessel was one of two Genco ships that were already in the Red Sea in December when the company decided to start avoiding the area. The other left safely....
...Chinese companies make more than 95 per cent of the world’s containers, and the country is home to seven of the world’s top 10 container ports by volume....
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...However, the share price slumped later in 2021 after stockbroker Peel Hunt said it thought the company was only worth half of its market value....
...From the outset, the Fortress sale was structured to appease regulatory concerns....
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...On December 14 2023, the vessel moved a cargo of oil from Primorsk. The cargo was identified by Kpler as coming from Rosneft, Moscow’s state-owned oil champion and Russia’s largest producer....
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