A broader energy truce was proposed, banning strikes on energy infrastructure in both Russia and Ukraine.
Once refurbished, the vessel will operate for 15 more years, supporting energy production in West Africa.
Transiting the Cape of Good Hope is not the shipping line’s preferred route due to the navigational risks.
South African ports, more specifically the container terminals, have been under intense scrutiny due to low productivity, among other things.
Houthi rebels have claimed responsibility for another assault on a US aircraft carrier group.
CTCT has a queue-to-berth ratio of 0.78, highlighting the systemic challenges of the local maritime logistics sector.
The downward trend in pricing will continue into the first quarter of 2025, resulting in lower earnings.
The Trump Administration said its attacks on Houthis were prompted by strikes against maritime vessels.
The International Maritime Organization has called for an end to attacks on commercial sea vessels.
Police have arrested the Russian master of the boxship that collided with a US-flagged tanker.
The deal will position the shipping group as a dominant player in global ports operations.
The vessels burst into flames on impact in the North Sea but 30 people were rescued from the scene of the collision on Monday.
