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Fairfield Maritime Japan Ltd. (FMJ) signed a long-term charter contract with Neste enabling FMJ to fund and manage the construction of two Ice Class 1A medium range (MR) oil and chemical tankers for Neste's transports to and from its refinery in Porvoo, Finland.
https://www.marinelink.com/news/fairfield-maritime-japan-neste-sign-541433
https://www.marinelink.com/news/fairfield-maritime-japan-neste-sign-541433The foreign ministers of the Philippines and China met in Manila on Wednesday and both made "strong" protests over an encounter between the two countries' vessels this week in contested South China Sea waters.The Philippine foreign affairs secretary…
https://www.marinelink.com/news/philippines-china-butt-heads-encounter-541436
https://www.marinelink.com/news/philippines-china-butt-heads-encounter-541436Four tankers changed course in the Red Sea on Wednesday, with two signalling the Suez Canal as their new destination after Yemen's Houthi militia warned ships to avoid sailing to Saudi Arabian ports, ship-tracking data showed.The Iran-aligned…
https://www.marinelink.com/news/oil-tankers-continue-change-course-houthi-541438
https://www.marinelink.com/news/oil-tankers-continue-change-course-houthi-541438In 2026, Voith celebrates 100 years of the Voith Schneider Propeller (VSP). The VSP concept originated from Austrian engineer Ernst Schneider. In 1926, his new propeller design was successfully tested for the first time in model trials at the Vienna Ship Model Basin.
https://www.marinelink.com/news/voith-celebrates-years-schneider-541444
https://www.marinelink.com/news/voith-celebrates-years-schneider-541444ABS has awarded approval in principle (AIP) for a concept design for a nuclear-powered 15,000 TEU containership developed in collaboration with the Korea Research Institute of Ships and Ocean Engineering (KRISO) and the Korea Atomic Energy Research…
https://www.marinelink.com/news/nuclearpowered-k-teu-containership-541445
https://www.marinelink.com/news/nuclearpowered-k-teu-containership-541445The Baltic dry index rose 1.7% to 2,715 on Wednesday, recording its first gain since July 14. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, advanced 4.7% to 4,114, its highest level since July 16. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-1-week-high/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-1-week-high/Waiting time reached multi-month highs. The average vessel waiting time at Port Hedland rose to approximately 8.7 days in the week to 17 July, up from about 8.4 days a week earlier. The 30-day moving average stood at 8.66 days, close to the highest level recorded over the past 18 months, highlighting persistently elevated congestion ...
https://www.hellenicshippingnews.com/weekly-dry-market-monitor-port-hedland-average-waiting-time-iron-ore-congestion-meets-labour-action/Frankfurt-based Seahawk Investments has published new research arguing that the sharp divergence between shipping and energy subsectors can be turned into a source of portfolio diversification through long-short equity investing. Seahawk, the investment management arm of maritime and aviation advisory group Transport Capital, said different freight markets rarely move in lockstep, creating opportunities to trade …
https://splash247.com/seahawk-pitches-shipping-volatility-as-portfolio-diversifier/
https://splash247.com/seahawk-pitches-shipping-volatility-as-portfolio-diversifier/The business of shipmanagement is moving beyond technical operations and cost control as owners increasingly look to managers for protection against geopolitical, regulatory, cyber and workforce risks, according to Bjorn Hojgaard, chief executive of Anglo-Eastern Univan Group, the world’s largest shipmanager. Writing in the latest edition of Anglo-Eastern’s in-house magazine, AE Foresights, Hojgaard argued that …
Fairfield Maritime Japan has secured a long-term charter from Finnish refiner Neste covering two ice-class MR product and chemical tankers scheduled for delivery in 2029. The agreement will allow Fairfield Maritime Japan to finance and manage construction of the two 50,000 dwt vessels at South Korea’s HD Hyundai. The ships are due to be handed …
https://splash247.com/fairfield-lands-neste-charter-for-ice-class-mr-tanker-pair/
https://splash247.com/fairfield-lands-neste-charter-for-ice-class-mr-tanker-pair/