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Spanish shipowner Ibaizabal Group has returned to the suezmax newbuilding market after more than a decade, with the tanker owner linked to a fresh order at China’s Hengli Heavy Industries. Multiple shipbuilding sources said the group’s tanker arm, Ibaizabal Tankers, has contracted at least two 158,000 dwt crude carriers at the Dalian-based builder for delivery …
https://splash247.com/ibaizabal-heads-back-to-suezmax-newbuilds/
https://splash247.com/ibaizabal-heads-back-to-suezmax-newbuilds/Andrew Craig-Bennett on what Iran can learn from the kings who monetised the Baltic. “History doesn’t repeat itself, but it often rhymes” Mark Twain The Strait of Hormuz has been pretty much closed for more than 80 days now. Iran wants to control the strait and charge a toll. The US doesn’t want them to. …
https://splash247.com/strait-cash-iran-revives-a-centuries-old-maritime-business-model/
https://splash247.com/strait-cash-iran-revives-a-centuries-old-maritime-business-model/Container analysis firm Alphalliner is reporting Marshall Islands-based Stella Bulk is moving into the container sector, ordering a pair of 740 teu vessels at China’s Taizhou Maple Leaf shipyard. The order comes with an option for two additional sister vessels. No prices have been revealed for these new ships whose delivery is expected to take …
https://splash247.com/stella-bulk-moves-into-the-container-sector/
https://splash247.com/stella-bulk-moves-into-the-container-sector/The US Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven executives for running what has been described as a cartel that roughly doubled the price of standard dry containers over four years and drove profits at one of the companies up nearly one hundredfold during the covid pandemic. …
The United States has seized a VLCC in the Indian Ocean carrying more than 1m barrels of Iranian crude, the third Iranian-linked vessel grabbed by Washington since it launched military action against Tehran in February. The 302,500 dwt Skywave (built 2005) was reportedly loaded at Iran’s Kharg Island and was sailing west of Malaysia after …
https://splash247.com/us-seizes-iran-linked-vlcc-in-indian-ocean/
https://splash247.com/us-seizes-iran-linked-vlcc-in-indian-ocean/For many shipping executives, retirement marks the end of a long career. For Aga Nagarajan, it has marked the start of something entirely new. After nearly three decades at Hong Kong’s Fleet Management, including serving as executive director, the veteran shipmanager is now building his own platform in Singapore through newly launched Nura Shipco Management. …
https://splash247.com/nura-shipco-not-the-retiring-type-of-manager/
https://splash247.com/nura-shipco-not-the-retiring-type-of-manager/A sale by shipping titan George Procopiou has emerged. The Greek owner has landed a standout price for one of his older suezmax tankers, selling the 2008-built Gladiator for around $65m. The 149,944 dwt Universal-built tanker, now renamed Visund, comes amid a period of extraordinary earnings for the tanker sector in the 11th week of …
https://splash247.com/dynacom-lands-65m-for-ageing-suezmax/
https://splash247.com/dynacom-lands-65m-for-ageing-suezmax/The United States has charged seven Chinese executives and four of the world's largest shipping container companies with conspiring to restrict supply, raising the price of containers during the COVID pandemic, Department of Justice officials…
https://www.marinelink.com/news/us-charges-executives-firms-container-539390
https://www.marinelink.com/news/us-charges-executives-firms-container-539390NATO is not drawing up any plans for a potential mission in the Strait of Hormuz and would need a political decision to do so, its top commander said on Tuesday, amid suggestions by some members that the alliance could play a role there.Any…
https://www.marinelink.com/news/nato-not-drawing-plans-hormuz-mission-539391
https://www.marinelink.com/news/nato-not-drawing-plans-hormuz-mission-539391Israeli forces opened fire on at least two vessels in an aid flotilla sailing towards Gaza on Tuesday, according to video footage and flotilla organisers, but Israel said no live ammunition was used and there were no casualties.The flotilla…
https://www.marinelink.com/news/israeli-forces-fired-shots-gaza-flotilla-539392
https://www.marinelink.com/news/israeli-forces-fired-shots-gaza-flotilla-539392