ShipOracle News
Grady Hurley, a partner and co-leader of the maritime litigation, arbitration, and dispute resolution team at Jones Walker LLP, has been elected president of the Maritime Law Association of the United States (MLA) during the organization’s general meeting held in New York City on May 3…
https://www.marinelink.com/news/grady-hurley-elected-president-maritime-513525
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The maritime transportation system, the lifeblood of global trade, is undergoing a digital revolution. Automation and artificial intelligence (AI) are transforming how ships operate and cargo moves. However, this increased reliance on technology…
https://www.marinelink.com/news/adversarial-seas-ai-evolving-cyber-threat-513526
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A barge that capsized in February and caused a large oil spill near Tobago that also affected neighboring Caribbean islands might have picked up the fuel from Venezuela, Trinidad and Tobago's energy minister Stuart Young said on Monday."The vessels were on the way to Guyana…
https://www.marinelink.com/news/oil-spilled-barge-tobago-venezuela-513531
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Iron ore futures prices were largely unchanged on Tuesday, following a strong increase the previous day, as investors reacted to proposed property stimulus measures and post-holiday period restocking at furnaces. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.06% lower at 886.5 yuan ($122.88) a metric ton. ...
https://www.hellenicshippingnews.com/iron-ore-prices-hold-steady-on-property-stimulus-hopes/
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The Baltic Exchange’s dry bulk sea freight index extended its rally on Tuesday to hit its highest in more than six weeks, supported by a jump in the large vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 207 points, or 11.03%, to 2,083, touching its highest ...
https://www.hellenicshippingnews.com/baltic-index-hit-its-highest-in-more-than-6-weeks/
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Emissions from scrubber discharge have caused pollution to the Baltic Sea corresponding to socio-economic costs of more than EUR 680m ($732m) between 2014 and 2022, according to a new study. A new study from the Chalmers University of Technology in Sweden showed that the shipping companies’ investments in the much-discussed technology, where exhaust gases are …
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The London P&I Club has announced that Ian Gooch will be stepping down from the role of chief executive officer after 15 years as CEO and 21 years as a director of A Bilbrough & Co, the company that manages the Club. Ian Gooch will be succeeded by James Bean who will be arriving from …
https://splash247.com/london-pi-club-takes-northstandard-man-as-new-ceo/
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Oslo-listed very large gas carrier (VLGC) specialist Avance Gas has extended the variable time charter for one of its vessels. Avance Gas said that the charter for the 2015-VLGC Chinook which was supposed to expire in July 2024 would be extended by one year. According to the company, the end of the extended deal with …
https://splash247.com/avance-gas-extends-vlgc-deal-by-one-year/
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So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according…
https://www.marinelink.com/news/escalated-middle-east-conflict-hike-oil-513501
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ShipOracle News
Swiss marine power company WinGD has secured an order for its X‑DF‑A ammonia-fueled engines for what will be the world’s first ammonia dual-fuel Aframax tankers.Two vessels ordered by Singapore based ship owner and operator AET, a petroleum arm of Malaysia’s MISC Group…
https://www.marinelink.com/news/wingd-supply-engines-aets-ammoniafueled-513504
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