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Few shipping books take more than half a century to reach publication. For maritime historian Professor Howard Dick and co-author Stephen Kentwell, however, the story of legendary Hong Kong shipowner C. Y. Tung became a lifelong project stretching from an encounter with one of his early containerships in 1970 to the launch of their biography …
https://splash247.com/c-y-tung-and-the-rise-of-modern-chinese-shipping/
https://splash247.com/c-y-tung-and-the-rise-of-modern-chinese-shipping/The seaborne nickel ore trade is expanding rapidly, generating additional employment for supramax and ultramax bulkers while renewing scrutiny of one of shipping’s most dangerous cargoes. Global seaborne nickel ore volumes climbed by more than 22% year on year to 26.1m tonnes during the second quarter, according to Signal Ocean data. Broker Braemar said nickel …
https://splash247.com/nickel-ore-trade-surges-safety-concerns-mount/
https://splash247.com/nickel-ore-trade-surges-safety-concerns-mount/HD Hyundai Heavy Industries Philippines has launched the first vessel constructed at its Subic shipyard, marking the start of full-scale shipbuilding operations at the revived facility. The Orion Jade, the first of a four-ship order, measures 250 metres long, 42 metres wide and 21 metres deep. Construction began in September 2025 with a steel-cutting ceremony …
https://splash247.com/hd-hyundai-launches-first-ship-from-subic-yard/
https://splash247.com/hd-hyundai-launches-first-ship-from-subic-yard/Diana Shipping has raised the prospect of cutting its $27.34-per-share takeover proposal for Genco Shipping & Trading after claiming the US-listed owner’s fleet has shed $50m in value since early June. The Athens-based owner cited VesselsValue data placing Genco’s 43-ship fleet at $1.433bn on July 28, down 3.4% from a peak of $1.483bn in early …
https://splash247.com/diana-turns-valuation-screw-on-genco/
https://splash247.com/diana-turns-valuation-screw-on-genco/Tuesday saw Yemen’s Houthis target a fourth Saudi-linked tanker since declaring a blockade of the kingdom’s ports, maintaining pressure on the Red Sea oil route despite a partial recovery in traffic through Bab el-Mandeb. The group said it fired ballistic missiles at the 49,990 dwt chemical and products tanker NCC Ghazal for ignoring warnings and …
https://splash247.com/houthis-keep-up-pressure-on-saudi-shipping/
https://splash247.com/houthis-keep-up-pressure-on-saudi-shipping/Iran and the United States have resumed attacks, ending a lull and injecting fresh uncertainty into shipping through the Strait of Hormuz. US Central Command said Iran launched multiple ballistic missiles in a surprise attack on American forces on Tuesday, with all projectiles intercepted. Jordan said its air defences destroyed five Iranian missiles. US and …
https://splash247.com/us-iran-attacks-resume/
https://splash247.com/us-iran-attacks-resume/Ukraine claims its drones have struck 201 Russian-linked ships in just over three weeks, an extraordinary tally that has pushed Moscow towards arming grain carriers and further blurred the distinction between merchant shipping and military operations in the Black Sea. Robert Brovdi, commander of Ukraine’s Unmanned Systems Forces, said Operation MoLoChKa had hit 129 vessels …
https://splash247.com/drone-war-pushes-russia-to-weaponise-commercial-shipping/
https://splash247.com/drone-war-pushes-russia-to-weaponise-commercial-shipping/COSCO Shipping Heavy Industry is moving ahead with plans for an RMB8bn ($1.1bn) shipbuilding base in Tianjin featuring two VLCC-scale drydocks, adding another significant block of capacity to China’s rapidly expanding shipbuilding industry. New environmental filings show the greenfield yard will occupy 145.9 hectares in Tianjin’s Lingang Economic Area and use around 1,736 m of …
https://splash247.com/cosco-plots-1-1bn-tianjin-mega-yard/
https://splash247.com/cosco-plots-1-1bn-tianjin-mega-yard/Eyal Ofer’s Zodiac Maritime has been linked to an order for eight 6,400 teu containerships at China’s Hengli Heavy Industry, extending a boxship newbuilding drive now worth more than $1.6bn. Brokers price the vessels at around $80m each, putting the total investment at $640m. Deliveries are scheduled across 2028 and 2029. The London-based owner and …
https://splash247.com/zodiac-secures-early-hengli-slots-for-boxship-series/
https://splash247.com/zodiac-secures-early-hengli-slots-for-boxship-series/The Baltic Dry Index fell 1.2% to 2,664 on Tuesday, reaching its lowest level since July 2. The Capesize Index, which typically tracks vessels transporting 150,000-ton cargoes such as iron ore and coal, declined 1.4% to 4,140, its lowest level since July 22. The Panamax Index, which generally measures vessels carrying 60,000 to 70,000 tons ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-further-on-tuesday/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-further-on-tuesday/