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Nasdaq-listed Toro Corp has doubled its MR tanker fleet with the acquisition of two ships for a combined $83.4m, accelerating its return to the product tanker sector as it prepares to spin off its remaining LPG carriers. The Petros Panagiotidis-led company has paid $45.9m for the 2018 Japanese-built Wonder Alasia, taking delivery on September 17. …
https://splash247.com/toro-doubles-mr-fleet-with-83m-tanker-pair/
https://splash247.com/toro-doubles-mr-fleet-with-83m-tanker-pair/Australia can remain indispensable to steelmaking while making less money from it. In 2025–26 dollars, the government’s June outlook projects iron ore export earnings to fall from an estimated A$116.6 billion in 2025–26 to A$77.2 billion in 2030–31. That’s a 34 percent reduction, against a decline in export volumes of about 2 percent. This is ...
https://www.hellenicshippingnews.com/australias-iron-ore-exports-are-about-more-than-tonnage/
https://www.hellenicshippingnews.com/australias-iron-ore-exports-are-about-more-than-tonnage/Capesize The market exhibited a generally softer tone through the first half of the week, with the Pacific bearing the brunt of the weakness as prompt tonnage continued to outweigh fresh cargo demand. C5 rates fell from the low $17s at the start of the week into the mid-$16s before sentiment began to stabilise towards ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-softening/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-softening/President Donald Trump signed sweeping new sanctions legislation on Friday targeting Moscow’s oil trade and the tanker fleet that supports it. The White House confirmed Trump had signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, expanding statutory sanctions, tariffs and prohibitions against Russia while extending existing measures against Iran. For shipping, …
https://splash247.com/trump-signs-russia-sanctions-law-with-shadow-fleet-in-the-crosshairs/
https://splash247.com/trump-signs-russia-sanctions-law-with-shadow-fleet-in-the-crosshairs/A US LNG cargo bound for Italy has been diverted after the crew of its carrier reported a systems failure as a suspected cyberattack, adding to growing concerns over attacks on shipboard digital systems. The Liberia-flagged Vivit Africa LNG, owned by South Korea’s H-Line Shipping and on long-term charter to commodities giant Vitol, had loaded …
https://splash247.com/crew-claims-hackers-seized-control-of-lng-carrier-safety-systems/
https://splash247.com/crew-claims-hackers-seized-control-of-lng-carrier-safety-systems/Maersk has confirmed orders for 26 large containerships, ending days of speculation over a major fleet expansion programme. The Danish carrier said on Friday that all 26 ships will have capacity of 18,600 teu and will feature dual-fuel engines capable of operating on LNG. Deliveries are scheduled across 2029 and 2030. Maersk has declined to …
https://splash247.com/maersk-confirms-26-ship-newbuilding-spree/
https://splash247.com/maersk-confirms-26-ship-newbuilding-spree/Sanmar Shipyards has delivered NICO, a powerful and versatile new tug designed for both harbour ship-handling and towing operations, to German operator H. Schramm Towage.The latest delivery is the seventh SANMAR-built tug to join the H. Schramm Towage fleet…
https://www.marinelink.com/news/sanmar-shipyards-delivers-seventh-tug-h-543089
https://www.marinelink.com/news/sanmar-shipyards-delivers-seventh-tug-h-543089Italy's defence minister on Friday called for a stronger naval presence in the Red Sea to protect merchant shipping amid concerns over the Bab el-Mandeb Strait, a vital waterway threatened by the widening Middle East conflict.The Iran-backed Houthis in Yemen have made rapid advances in recent weeks
https://www.marinelink.com/news/italian-defense-minister-calls-stronger-543090
https://www.marinelink.com/news/italian-defense-minister-calls-stronger-543090Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar…
https://www.marinelink.com/news/october-deliveries-aramco-crude-halted-543092
https://www.marinelink.com/news/october-deliveries-aramco-crude-halted-543092Global coal markets are heading into 2027 with an unusual combination of resilience, uncertainty and structural change, according to the International Energy Agency’s latest Coal Mid-Year Update 2026. While geopolitical tensions and higher natural gas prices have given coal demand and trade an unexpected boost in 2026, the IEA expects those gains to prove temporary, ...
https://www.hellenicshippingnews.com/coal-retraction-on-the-horizon/
https://www.hellenicshippingnews.com/coal-retraction-on-the-horizon/