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The tussle for control of the Strait of Hormuz has entered a new phase, with US president Donald Trump suggesting the United States could itself charge tolls on vessels transiting the waterway, a dual-corridor system emerging under Iranian and Omani management, and two Qatari LNG tankers blocked by Iran’s Revolutionary Guard. Trump’s comments, made to …
https://splash247.com/trump-floats-us-toll-on-hormuz/
https://splash247.com/trump-floats-us-toll-on-hormuz/Broker ICAP has moved deeper into freight derivatives, launching a new global dry forward freight agreement (FFA) desk. The desk, part of TP ICAP Group, is set up across London, Copenhagen, Dubai and Singapore, giving round-the-clock coverage across the main freight trading hubs. The move comes as swings in dry bulk rates continue to draw …
https://splash247.com/icap-rolls-out-dry-ffa-desk/
https://splash247.com/icap-rolls-out-dry-ffa-desk/Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets…
https://www.marinelink.com/news/oil-shoots-trumps-iran-deadline-looms-537729
https://www.marinelink.com/news/oil-shoots-trumps-iran-deadline-looms-537729Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports.The project…
https://www.marinelink.com/news/russias-yamal-lng-resumes-shipments-china-537734
https://www.marinelink.com/news/russias-yamal-lng-resumes-shipments-china-537734Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium were stable after Russia's military accused Ukraine of damaging loading facilities belonging to the group in the Black Sea.Russia's Defence Ministry…
https://www.marinelink.com/news/cpc-oil-exports-via-black-sea-stable-537737
https://www.marinelink.com/news/cpc-oil-exports-via-black-sea-stable-537737Korean Register (KR) has launched an upgraded version of its maritime conventions database, adding artificial intelligence (AI)-powered features to help shipowners navigate increasing regulatory complexity.The organization said Version 24 of…
https://www.marinelink.com/news/kr-adds-ai-tools-maritime-compliance-537746
https://www.marinelink.com/news/kr-adds-ai-tools-maritime-compliance-537746RINA has signed a memorandum of understanding (MoU) with South Korea’s Hanwha Group to promote the adoption of battery-hybrid propulsion systems in the maritime sector.The agreement involves Hanwha affiliates Hanwha Power Systems, Hanwha Aerospace and Hanwha Engine…
https://www.marinelink.com/news/rina-hanwha-team-develop-batteryhybrid-537747
https://www.marinelink.com/news/rina-hanwha-team-develop-batteryhybrid-537747Swan Defence and Heavy Industries Limited (SDHI) has secured an order from Energy ONE Limited to build four ammonia dual-fuel bulk carriers, marking the first such vessels to be constructed in India.The contract covers four 92,500-deadweight tonne bulk carriers…
https://www.marinelink.com/news/sdhi-books-order-four-ammonia-dualfuel-537750
https://www.marinelink.com/news/sdhi-books-order-four-ammonia-dualfuel-537750The United States Coast Guard (USCG) has rescued a family of three who had been missing for seven days in waters off the Federated States of Micronesia.The crew of the USCGC Midgett located the family on April 6 after authorities reported the…
https://www.marinelink.com/news/us-coast-guard-rescues-stranded-family-537753
https://www.marinelink.com/news/us-coast-guard-rescues-stranded-family-537753Belgian marine contractor Jan De Nul has launched its second next-generation cable laying vessel (CLV), William Thomson, as it expands capacity to support growing offshore wind and grid interconnection projects.The William Thomson vessel follows…
https://www.marinelink.com/news/jan-de-nul-launches-second-giant-cable-537754
https://www.marinelink.com/news/jan-de-nul-launches-second-giant-cable-537754