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The boardroom battle between dry bulk owners Diana Shipping and Genco Shipping & Trading has taken another turn, with Diana sharply reducing its challenge ahead of Genco’s annual meeting later this month. The New York-listed Greek owner said it has withdrawn four of its six director nominees, leaving only former Eagle Bulk chief executive Jens …
https://splash247.com/diana-scales-back-genco-campaign-ahead-of-crunch-shareholder-vote/
https://splash247.com/diana-scales-back-genco-campaign-ahead-of-crunch-shareholder-vote/The Suez Canal Authority (SCA) is raising additional transit surcharges for most vessel classes from July 15, increasing costs for tankers, gas carriers, bulkers and containerships using the strategic waterway. Under a series of newly issued navigation circulars, the Egyptian canal operator will increase temporary surcharges applied on top of standard transit dues, citing prevailing …
https://splash247.com/suez-canal-to-impose-steeper-transit-charges-from-mid-july/
https://splash247.com/suez-canal-to-impose-steeper-transit-charges-from-mid-july/US forces disabled a VLCC in the Gulf of Oman yesterday after the vessel attempted to breach Washington’s naval blockade of Iran, while the European Union simultaneously escalated pressure on both Tehran and Russia’s shadow fleet. US Central Command (CENTCOM) disabled the Palau-flagged Marivex (pictured) on June 8 after the unladen vessel transited international waters …
https://splash247.com/maritime-crackdown-expands-from-hormuz-to-the-med/
https://splash247.com/maritime-crackdown-expands-from-hormuz-to-the-med/Splash Singapore has added a powerful roster of charterers and cargo interests to its inaugural conference programme, reinforcing the event’s ambition to become the most commercially relevant gathering on the Asian shipping calendar. Created by the organisers of the chartering heavy Geneva Dry conference, Splash Singapore is bringing together both sides of the freight equation, …
https://splash247.com/cargo-giants-back-splash-singapore-debut/
https://splash247.com/cargo-giants-back-splash-singapore-debut/The containership orderbook to fleet ratio has reached a new post-2010 high of 39%, according to data from consultancy Linerlytica with the total order backlog of 1,630 ships for 13.28m teu. “We continue to see firm projects in both the mid-size and larger segments, with a number of expected to firm up before the summer …
https://splash247.com/containership-orderbook-marches-toward-40-of-fleet/
https://splash247.com/containership-orderbook-marches-toward-40-of-fleet/The world’s supertanker orderbook has reached a record high, eclipsing the ordering frenzy of 2008 that ultimately flooded the market and sent freight rates into a prolonged collapse. There are currently 262 very large crude carriers (VLCCs) on order at shipyards around the world, according to Clarksons Research. VLCC contracting in the year to date …
https://splash247.com/vlcc-orderbook-hits-record-high/
https://splash247.com/vlcc-orderbook-hits-record-high/The UK government has extended its efforts to cement stronger rights and protections in law for seafarers.Following the introduction of the national minimum wage equivalent for seafarers in domestic waters, the new laws being developed would…
https://www.marinelink.com/news/uk-government-boost-seafarers-rights-540061
https://www.marinelink.com/news/uk-government-boost-seafarers-rights-540061U.S. forces disabled an unladen oil tanker in the Gulf of Oman on Monday after it attempted to sail to an Iranian port in violation of the ongoing blockade against Iran, the U.S. military said.U.S. Central Command said in a post on X that the M/T Marivex…
https://www.marinelink.com/news/us-disables-tanker-indian-crew-safe-fire-540062
https://www.marinelink.com/news/us-disables-tanker-indian-crew-safe-fire-540062To mark World Ocean Day on 8 June, the IMO is calling on its 176 Member States and the global shipping industry to step up implementation of measures to protect the marine environment.In a video message for World Oceans Day, IMO Secretary-General Arsenio Dominguez said: “At IMO…
https://www.marinelink.com/news/world-oceans-day-imo-urges-nations-put-540063
https://www.marinelink.com/news/world-oceans-day-imo-urges-nations-put-540063A fifth Qatari liquefied natural gas tanker has transited the Strait of Hormuz with a cargo, ship-tracking data showed, bringing the total number of loaded LNG vessels to have exited the waterway since the war started to nine.Controlled by QatarEnergy…
https://www.marinelink.com/news/fifth-qataricontrolled-lng-tanker-exits-540065
https://www.marinelink.com/news/fifth-qataricontrolled-lng-tanker-exits-540065