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Vessel transits through the Strait of Hormuz remained in the single digits at four on Tuesday, down from seven a day earlier, preliminary shipping data showed on Wednesday, falling well short of the 10-day average of 18.The drop in traffic through…
https://www.marinelink.com/news/strait-hormuz-traffic-falls-four-ship-542975
https://www.marinelink.com/news/strait-hormuz-traffic-falls-four-ship-542975The first thing that stands out when you walk through a modern shipyard isn't the technology – it's the sheer scale of the work and the size of the parts going into these massive ships the size of city blocks. I recently visited a Korean shipyard watching teams of workers join two 50-foot-tall…
https://www.marinelink.com/news/physical-ai-rebuild-americas-maritime-542961
https://www.marinelink.com/news/physical-ai-rebuild-americas-maritime-542961BroCoTec, a Houston-based maritime cyber security specialist, is urging US vessel operators to act now on new Coast Guard cybersecurity regulations, warning they are a 'banana skin' for unprepared companies.The regulations establish cybersecurity requirements for covered U.S.-flagged vessels…
https://www.marinelink.com/news/uscg-cyber-rules-loom-assessing-security-542962
https://www.marinelink.com/news/uscg-cyber-rules-loom-assessing-security-542962Oil prices rose nearly $3 on Tuesday after a report said oil loadings at Saudi Arabia's Red Sea port of Yanbu have been suspended, and Libya halted operations at three oil fields, heightening concerns that disruptions to key oil supply routes…
https://www.marinelink.com/news/saudi-export-halt-contributes-oil-jump-542963
https://www.marinelink.com/news/saudi-export-halt-contributes-oil-jump-542963China dipped into its massive crude oil stockpile in August for the third month in the past four as increased refinery processing exceeded a modest increase in oil imports.Refineries processed about 640,000 barrels per day (bpd) more than what…
https://www.marinelink.com/news/china-taps-crude-inventories-again-542964
https://www.marinelink.com/news/china-taps-crude-inventories-again-542964As political chatter centers on rebuilding the U.S. maritime industry, Brett Hewitt, Executive Director, Marine Finance, Wells Fargo Equipment Finance, offers a lender’s-eye view of a market where vessels are expensive, assets can remain productive…
https://www.marinelink.com/news/jones-act-fleet-financing-542966
https://www.marinelink.com/news/jones-act-fleet-financing-542966The Sault Historic Sites, Captain John P. Wellington Great Lakes Marine Hall of Fame, recognized the significant contributions of James H.I. Weakley, President of the Lake Carriers’ Association (LCA) on Friday, September 11th in Sault Ste Marie…
https://www.marinelink.com/news/weakley-inducted-great-lakes-marine-hall-542968
https://www.marinelink.com/news/weakley-inducted-great-lakes-marine-hall-542968As tug operations become more complex, training needs to evolve with them. By combining digital simulation with practical experience and the knowledge of experienced seafarers, tug operators can give the next generation of crews the skills,…
https://www.marinelink.com/news/digital-training-attract-crews-future-542970
https://www.marinelink.com/news/digital-training-attract-crews-future-542970Foreign non-vessel-operating common carriers (NVOCCs) increasingly rely on U.S.-based logistics companies to serve as destination agents. These arrangements involve a domestic provider handling cargo receipt, warehousing, customs coordination…
https://www.marinelink.com/news/destination-agent-compliance-shipping-act-542971
https://www.marinelink.com/news/destination-agent-compliance-shipping-act-542971The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, retreated for a fourth session on Tuesday, dropping about 2.5% to a new low since September 2 at 3,360 points. The downward pressure came from larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes, including iron ore ...
https://www.hellenicshippingnews.com/baltic-dry-index-down-for-4th-day-2/
https://www.hellenicshippingnews.com/baltic-dry-index-down-for-4th-day-2/