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Shipping needs to stop treating risk as a collection of separate problems and start examining how geopolitical, operational, financial and human factors interact, according to Arthur English, chief executive officer of G2 Ocean. English, who joins the dry bulk panel at September’s Splash Singapore conference, says industry discussions often isolate the Panama Canal, the Strait …
The United States should consider establishing a publicly backed container shipping line to reduce its dependence on foreign carriers, according to a new report from the Open Markets Institute. The Washington-based antimonopoly group claims six overseas-owned liner companies control nearly 80% of global container capacity and more than 90% of US trade on major routes, …
https://splash247.com/us-urged-to-create-public-container-carrier/
https://splash247.com/us-urged-to-create-public-container-carrier/The can test cannot replace laboratory analysis, but it can give crews an early warning that a seemingly solid cargo is dangerously wet. Captain Simon Hodgkinson, global head of loss prevention at West P&I, explains. This year’s Day of the Seafarer focused on seafarers carrying world trade but also arrying the risks. One risk is …
https://splash247.com/the-small-test-that-can-prevent-a-nickel-ore-tragedy/
https://splash247.com/the-small-test-that-can-prevent-a-nickel-ore-tragedy/Diana Shipping has allowed its hostile tender offer for the US dry bulk rival Genco Shipping & Trading to expire but is keeping its separate $27.34-per-share takeover proposal on the table. The Athens-based owner said it would not extend or revive the tender following its expiry on July 24, ending the formal process launched in …
https://splash247.com/diana-drops-genco-tender-as-takeover-talks-drag-on/
https://splash247.com/diana-drops-genco-tender-as-takeover-talks-drag-on/Greek owner Velos Tankers has reportedly sold the 2008-built LR2 tanker Velos Emerald for $50m. Numerous brokers report a striking return on a ship acquired five years ago for about $17m from Mitsui OSK Lines (MOL). The 115,042 dwt tanker was built by Sasebo Heavy Industries and previously traded as Falcon Express. The price also …
https://splash247.com/velos-takes-33m-profit-on-vintage-tanker-sale/
https://splash247.com/velos-takes-33m-profit-on-vintage-tanker-sale/Turkey’s Aruna Shipping has signed for up to 10 ultramax bulk carriers at Yangzhou Guoyu Shipbuilding’s new Zhoushan operation, a programme that could more than double its owned fleet. The deal involves six firm 64,500 dwt ships, with options covering another four vessels. Shipbuilding databases indicate that the contract was signed in April, with the …
https://splash247.com/aruna-doubles-down-with-10-ship-ultramax-programme-in-china/
https://splash247.com/aruna-doubles-down-with-10-ship-ultramax-programme-in-china/South Korea’s Pan Ocean has placed its latest pair of VLCC newbuildings at CSSC-controlled Qingdao Beihai Shipbuilding. Splash reported at the end of June that the Harim-controlled owner had lined up two ammonia-ready VLCCs for delivery in September 2030, with market sources putting the price at around $122m per ship. Pan Ocean’s stock exchange disclosure …
https://splash247.com/pan-oceans-latest-vlcc-pair-confirmed-at-qingdao-beihai/
https://splash247.com/pan-oceans-latest-vlcc-pair-confirmed-at-qingdao-beihai/HD Hyundai Samho has delivered its first-ever very large ammonia carrier (VLAC), the 93,000-cubic-meter Jane Maersk, to Danish shipping company Maersk.The vessel is the first of five ordered in November 2023 and is capable of transporting both liquefied ammonia and LPG.
https://www.marinelink.com/news/maersk-takes-delivery-first-ammonia-541563
https://www.marinelink.com/news/maersk-takes-delivery-first-ammonia-541563Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and has been emboldened by an insufficient international response, Yemen's top diplomat said on Monday."The Houthis want to copy the Iranian model and this will shut dow
https://www.marinelink.com/news/houthis-model-irans-hormuz-control-red-541564
https://www.marinelink.com/news/houthis-model-irans-hormuz-control-red-541564Police authorities have seized more than 2.6 tonnes of cocaine, with an estimated street value of €500 million ($570 million), in the Atlantic Ocean off the coast of Portugal, Italy's border and customs police said on Monday.The drug was found…
https://www.marinelink.com/news/police-seize-tonnes-cocaine-off-portugal-541565
https://www.marinelink.com/news/police-seize-tonnes-cocaine-off-portugal-541565