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Fincantieri signed a contract amendment with OCCAR (Organisation for Joint Armament Co-operation) under the U212 NFS (Near Future Submarine) program, related to the construction of four submarines currently being built by the Group for the Italian…
https://www.marinelink.com/news/fincantieri-occar-amend-u-nfs-program-541492
https://www.marinelink.com/news/fincantieri-occar-amend-u-nfs-program-541492The quest to rebuild U.S. shipbuilding capability quickly is premised on partnering with existing shipbuilding powers outside of China, with several recent announcements today solidifying the connection between the two allies.Four separate partnerships were recently announced…
https://www.marinelink.com/news/south-korean-us-shipbuilders-deepen-ties-541493
https://www.marinelink.com/news/south-korean-us-shipbuilders-deepen-ties-541493The Baltic dry index increased 0.4% to 2,725 on Thursday, extending a 1.7% rise in the previous session. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, advanced 2% to 4,198, its highest level since July 16. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-for-2nd-session/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-for-2nd-session/The US does not depend on Gulf oil as it once did, yet the threat to global prices and shipping may leave Washington with little choice but to formalise its growing escort operation. Punit Oza explains. In 1987, the United States reflagged Kuwaiti oil tankers and escorted them through the Gulf under Operation Earnest Will …
https://splash247.com/why-america-may-reflag-gulf-tankers-again/
https://splash247.com/why-america-may-reflag-gulf-tankers-again/The shareholders of Brazilian mining giant Vale elected lead independent director Manuel Lino Oliveira as chairman‚ ending a boardroom struggle at one of the most important dry bulk market cargo interests․ Oliveira was selected to replace Daniel Stieler‚ who resigned earlier in the month following pressure from Previ‚ the pension fund of employees of state-controlled …
https://splash247.com/vale-shareholders-elect-manuel-oliveira-as-chairman/
https://splash247.com/vale-shareholders-elect-manuel-oliveira-as-chairman/BW Group’s floating wind company, BW Ideol, has brought French construction group NGE into its Fos3F floating wind foundation factory project at Fos-sur-Mer, with the partners taking equal stakes in the venture. The exclusive tie-up covers the Mediterranean floating wind market and will see the companies jointly develop the planned serial production line at Marseille …
https://splash247.com/bw-ideol-adds-nge-to-mediterranean-floater-push/
https://splash247.com/bw-ideol-adds-nge-to-mediterranean-floater-push/London-listed asset manager Aberdeen Group has taken a 5.075% stake in Malaysian liner operator MTT Shipping and Logistics, becoming one of the company’s largest shareholders. Aberdeen’s Malaysian investment arm acquired 126.86m shares, worth an estimated RM123.1m ($30m) based on MTT’s closing share price that day. The stake places Aberdeen alongside executive chairman Ong Kean Lee, …
https://splash247.com/aberdeen-buys-into-malaysian-liner-mtt/
https://splash247.com/aberdeen-buys-into-malaysian-liner-mtt/Taiwanese bulker owner Wisdom Marine has dropped plans to acquire two handysize newbuildings from Japan’s Naikai Zosen after the two sides failed to reach an agreement. The Taipei-listed company approved the proposed transaction in March 2025, setting a price ceiling of $35.375m per ship and $70.75m for the 39,000 dwt pair. Wisdom said the discussions …
https://splash247.com/wisdom-pulls-plug-on-japanese-handysize-deal/
https://splash247.com/wisdom-pulls-plug-on-japanese-handysize-deal/The Iranian-aligned Houthis said on Thursday they struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia, threatening to create a second chokepoint on global oil supplies alongside Iran's near-closure of the Strait of Hormuz.Meanwhile the U.S.
https://www.marinelink.com/news/houthis-claim-attack-saudi-tankers-red-541453
https://www.marinelink.com/news/houthis-claim-attack-saudi-tankers-red-541453Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil are exiting the Red Sea via the Bab el-Mandeb strait on Thursday, shipping data showed, even as a Saudi vessel came under attack in the region.The ships' attempt…
https://www.marinelink.com/news/chinese-supertankers-exiting-red-sea-amid-541456
https://www.marinelink.com/news/chinese-supertankers-exiting-red-sea-amid-541456