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Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.Brent crude futures LCOc1 were down $1.33…
https://www.marinelink.com/news/oil-prices-slide-israeliran-suspend-540068
https://www.marinelink.com/news/oil-prices-slide-israeliran-suspend-540068A landmark study warns that nearly half of today’s seafarers plan to quit within five years. As traditional crewing markets age and working conditions drive talent away, shipmanagers are scrambling to build new pipelines. The latest chapter from our new shipmanagement magazine. The numbers are alarming. A major new survey by the World Maritime University …
https://splash247.com/where-will-tomorrows-seafarers-come-from/
https://splash247.com/where-will-tomorrows-seafarers-come-from/Since the closure of the Strait of Hormuz to most commercial shipping in late February 2026, an estimated 1,550 vessels, carrying approximately 20,000 seafarers, have been unable to transit, or have chosen to remain at anchor in the Arabian Gulf, Gulf of Oman, and approaches.
https://www.marinelink.com/news/vps-fuel-quality-management-vessels-540049
https://www.marinelink.com/news/vps-fuel-quality-management-vessels-540049SSI, a leader in software, services, and expertise for the business of shipbuilding, is helping shipyards build and convert assets more efficiently with integration of third-party ship models into its software platform.Shipyards can choose whether…
https://www.marinelink.com/news/ssi-integrates-thirdparty-ship-models-540052
https://www.marinelink.com/news/ssi-integrates-thirdparty-ship-models-540052In an open letter to the industry, ABS has set out a measured and data-driven approach to support the development of an effective global framework for maritime decarbonization.Titled, The ABS View: A Practical Path Forward on IMO Mid-Term Measures…
https://www.marinelink.com/news/abs-shares-technical-approach-support-imo-540054
https://www.marinelink.com/news/abs-shares-technical-approach-support-imo-540054Yemen's Iran-aligned Houthis said on Monday that they would ban Israeli maritime navigation in the Red Sea, adding to challenges for global shipping through the Middle East during the Iran war.The group said in a statement it had launched an…
https://www.marinelink.com/news/yemeni-houthis-threaten-israeli-red-sea-540056
https://www.marinelink.com/news/yemeni-houthis-threaten-israeli-red-sea-540056The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, retreated for the seventh consecutive session on Monday, dropping about 2.2% to the lowest since May 5 at 2,916 points, pressured by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-1-month-low/
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-1-month-low/Coal gasification is increasingly emerging as an additional driver of coal trade and dry bulk shipping demand. While it is unlikely to fundamentally reverse the long-term transition away from coal, it is gradually creating new industrial demand beyond conventional thermal power generation. This is particularly evident in countries such as India, which are seeking greater ...
https://www.hellenicshippingnews.com/indias-coal-gasification-drive-adds-fresh-momentum-to-the-coal-trade-and-bulk-shipping/Jinhui Shipping and Transportation has expanded its ultramax newbuilding programme with an order for two more bulk carriers at China’s New Dayang Shipbuilding. The Oslo-listed, Hong Kong-based owner has contracted a pair of 64,100 dwt vessels at the Sumec Marine-controlled yard for a combined price of $68m, according to stock exchange filings. The ships are …
https://splash247.com/jinhuis-ultramax-ordering-spree-rolls-on/
https://splash247.com/jinhuis-ultramax-ordering-spree-rolls-on/French-based engineering and technology company Technip Energies has been awarded an EPCIC contract by the Eni-led Mozambique Rovuma Venture for the Coral Norte FLNG project. The contract, won in partnership with JGC and Samsung Heavy, represents a major award for the company, placing it in the region of above €1bn ($1.15bn) in revenue. This reflects …
https://splash247.com/technip-energies-secures-major-role-on-mozambique-flng-project/
https://splash247.com/technip-energies-secures-major-role-on-mozambique-flng-project/