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Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%.
https://www.marinelink.com/news/chevron-emerges-winner-exxonmobil-dispute-528103
https://www.marinelink.com/news/chevron-emerges-winner-exxonmobil-dispute-528103The port of Barcelona, Europe's busiest for cruise ships, will scale back its passenger terminal capacity by 2030 as the city tries to put the brakes on surging arrivals and address concerns about overtourism.The city hall and port authority…
https://www.marinelink.com/news/barcelona-scale-back-cruise-capacity-528117
https://www.marinelink.com/news/barcelona-scale-back-cruise-capacity-528117Several Greek-managed tankers transporting Russian oil to Asia are increasingly avoiding the Red Sea, opting instead for the longer route around Africa, due to escalating security threats from Houthi attacks, three oil traders and LSEG shipping…
https://www.marinelink.com/news/greekmanaged-tankers-divert-around-africa-528118
https://www.marinelink.com/news/greekmanaged-tankers-divert-around-africa-528118The Port of Oakland is celebrating the expansion of the Oakland Alameda Water Shuttle, a free pilot program initiated by the City of Alameda, offering public water transit between Oakland’s Jack London Square and Bohol Circle Immigrant Park, at the foot of 5th Street in Alameda.
https://www.marinelink.com/news/port-oakland-celebrates-expansion-free-528127
https://www.marinelink.com/news/port-oakland-celebrates-expansion-free-528127Dalian iron ore futures climbed on Friday to their highest close in 4-1/2 months and logged a fourth consecutive weekly gain, as upbeat demand outlook and hopes for further policy support from Beijing boosted market sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.38% to 785 yuan ($109.34) a ...
https://www.hellenicshippingnews.com/dalian-iron-ore-logs-fourth-weekly-gain-on-demand-optimism/
https://www.hellenicshippingnews.com/dalian-iron-ore-logs-fourth-weekly-gain-on-demand-optimism/The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to Europe, denies any link to drugs, his lawyer said on Friday. In January 2023, Spanish authorities intercepted the then Greek-operated, Togo-flagged vessel Blume, off the Canary ...
https://www.hellenicshippingnews.com/greek-owner-of-cocaine-loaded-vessel-seized-in-2023-denies-charges-lawyer-says/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, jumped on Friday, posting its biggest weekly gain in over four months, supported by a steady rise in capesize vessel rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, gained 22 points, or 1.1%, ...
https://www.hellenicshippingnews.com/baltic-index-posts-biggest-weekly-gain-in-four-months-on-capesize-increase/Coal exports from Australia, the second largest seaborne exporter have been down so far. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jun 2025, global seaborne coal loadings declined by -7.9% y-o-y to 619.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jun 2025, exports from Indonesia ...
https://www.hellenicshippingnews.com/australian-coal-exports-down-in-2025/
https://www.hellenicshippingnews.com/australian-coal-exports-down-in-2025/Two great Asian cities are set to welcome maritime history for local citizens to lap up. Tomorrow sees the launch of Mitsui OSK Lines’s Funeshiru Museum in Osaka, featuring hands-on displays to see, touch, and play with the world of ships. The museum features the world’s first 310-degree LED screen navigation simulator for the general …
https://splash247.com/asia-celebrates-shippings-past-and-future-with-dazzling-new-exhibits/
https://splash247.com/asia-celebrates-shippings-past-and-future-with-dazzling-new-exhibits/Order intake, exports, and green technology demand fuel confidence for 2025Germany’s maritime equipment and offshore supply industry is posting steady growth in 2024 and setting an optimistic course for 2025, according to new figures released…
https://www.marinelink.com/news/germanys-maritime-sector-steady-growth-528096
https://www.marinelink.com/news/germanys-maritime-sector-steady-growth-528096