Turkey and UN Broker New Talks on Russia-Ukraine Black Sea Truce
(Bloomberg) — Turkey and the United Nations have set up fresh talks in Russia and Ukraine to discuss a Black Sea ceasefire, trying to coalesce scattered efforts to protect grain…
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(Bloomberg) — Turkey and the United Nations have set up fresh talks in Russia and Ukraine to discuss a Black Sea ceasefire, trying to coalesce scattered efforts to protect grain…
Although the sector remained in expansion, "not being able to rely on a steady economic policy" is worrying manufacturers, said Susan Spence, chair of the Institute for Supply Management.
More than 80 years after the SS Richard Montgomery sank in the Thames Estuary with roughly 1,400 tons of explosives still aboard, marine contractors have begun one of the most delicate interventions…
Alternative-fuel ship orders rebounded sharply in the third quarter, with September delivering the strongest monthly total in nearly two years as LNG remained the dominant choice for new vessels. Shipowners…
Singapore-listed Yangzijiang Maritime Development has built up a sizeable LR2 programme at China’s Jiangsu Haifeng Shipbuilding as the Ren Yuanlin-led group continues one of this year’s most aggressive tanker investment drives. Shipbuilding database information seen by Splash shows Yangzijiang Maritime behind six firm…
The $300 million investment near Cincinnati will specialize in handling larger, non-sortable items, including televisions and furniture.
Thai dry bulk owner Precious Shipping has fixed its recently delivered ultramax Rossarin Naree to Asyad Shipping for up to 14 months in the latest index-linked deal for its larger bulker fleet. The Khalid Hashim-led company said the 63,500 dwt ship started a 12-to-14-month charter with Asyad on October 1 at a gross…
Danish product tanker giant Torm has been linked to another fleet disposal, with brokers reporting the sale of one of its oldest MRs to China’s Seacon Shipping group for $22.5m. Splash understands the 2008-built Torm Laura has been picked up by Seacon Tankers Shipping. The 50,000 dwt scrubber-fitted vessel was built…
Rio Tinto’s owned-vessel sell-down appears to be extending beyond the newcastlemax fleet it cleared out this year, with a pair of 2013-built post-panamax bulkers reported sold en bloc for $42.8m. Broker reports list the 89,892 dwt RTM Dias and RTM Flinders, both built by Namura in Japan, at $21.4m each. The ships are…
Belgian tanker owner Transpetrol Maritime Services has offloaded its 2016-built aframax in a $73m deal with Turkish buyers. VesselsValue data identified Transpetrol as the seller of the Hyundai Samho-built 114,070 dwt TP Affinity and put the ship’s current market value at $80.72m. Transpetrol’s own fleet records show…
Greek tanker newcomer Akrotiri Tankers has returned to New Times Shipbuilding for a second suezmax, continuing a rapid expansion of its Chinese newbuilding programme. Shipbroking sources place the latest order at $84.4m for a 157,000 dwt crude tanker scheduled for delivery in June 2029. The contract takes Akrotiri’s…
With several variables shifting at once, this has turned out to be a year of chaos for inventory planning.
Harry Vafias-led Imperial Petroleum has reportedly sold its remaining suezmax, the 2008-built Suez Protopia, for $82m. VesselsValue identified Imperial Petroleum as the seller in its September 30 transaction data. The buyer has not been disclosed. VesselsValue estimates the Samsung Heavy Industries-built 160,391 dwt…
Greek owner Eurotankers has reportedly sold its 2009-built LR2 for $60m, continuing to cash in older tanker tonnage as secondhand values remain elevated. S&P sources list the Hyundai Heavy Industries-built 105,291 dwt Eurointegrity among the latest tanker sales at $60m. The buyer has not been disclosed. Eurotankers…
Dutch marine contractor Boskalis has secured a contract worth between €50m and €150m ($57m-$170m) for inter-array cable installation on the first phase of the Zeevonk offshore wind farm in the Dutch North Sea. The contract, awarded by the Vattenfall and Copenhagen Infrastructure Partners joint venture behind Zeevonk…
The United Kingdom has sanctioned five liquefied natural gas carriers as part of a new package of measures targeting Russia’s efforts to expand a maritime “shadow fleet” for LNG exports, including three Russian-built Arc7 ice-class vessels intended to support the Arctic LNG 2 project.
Persian Gulf oil producers are shifting critical cargo transfer operations even farther out of the war-hit region as waters just outside the Strait of Hormuz become congested with tankers.
Japan has chalked up another maritime decarbonisation first, successfully completing a demonstration voyage of a coastal tanker powered by a hydrogen-only marine engine. The 4,500 gt Kiko Maru sailed for approximately two hours and covered around 33 km in Osaka Bay using its hydrogen-fuelled power system, the Nippon…