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A record two million cars are expected to be shipped around the world on vessels other than dedicated car carriers this year, providing a significant boost for container shipping as China’s vehicle exports continue to outpace available roro capacity. According to Veson Nautical, the use of container ships to transport light vehicles has evolved from …
Russia has become the dominant flag state for the sanctioned shadow fleet as tightening Western enforcement forces operators to seek increasingly limited registry options, according to new analysis from maritime risk firm Windward. The latest destinations for sanctioned tankers include Sierra Leone’s registry, operated by a Cyprus-incorporated company, the newly established Equatorial Guinea registry, and …
https://splash247.com/new-registries-emerge-for-the-shadow-fleet/
https://splash247.com/new-registries-emerge-for-the-shadow-fleet/Commercial shipping through the Strait of Hormuz came under renewed attack on Monday, with two tankers abandoned after projectile strikes and another vessel reporting damage near the UAE. The Kuwait Oil Tanker Company product tanker Kaifan issued a distress call after being hit by what its crew described as a drone or missile around eight …
https://splash247.com/sinokor-offers-crews-six-months-pay-for-hormuz-round-trips/
https://splash247.com/sinokor-offers-crews-six-months-pay-for-hormuz-round-trips/Yemen’s Iran-aligned Houthi movement declared a naval blockade on Saudi Arabia on Monday, threatening to widen a conflict that is closing in on 1,000 days since the group first targeted Red Sea shipping in November 2023. The Houthis’ armed forces said in a statement they were imposing “a maritime embargo against the criminal Saudi enemy, …
https://splash247.com/houthis-declare-naval-blockade-on-saudi-arabia/
https://splash247.com/houthis-declare-naval-blockade-on-saudi-arabia/Taiwanese carrier Yang Ming Marine Transport has selected Hanwha Ocean for a six-ship newbuilding programme worth up to $1.22bn. The LNG dual-fuel vessels will have capacity of around 13,000 teu and are priced at between $185m and $204m each, putting the total investment at between $1.11bn and $1.224bn. Final contract terms are still under discussion. …
https://splash247.com/yang-ming-picks-hanwha-ocean-for-1-2bn-boxship-series/
https://splash247.com/yang-ming-picks-hanwha-ocean-for-1-2bn-boxship-series/Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut, bringing a domestic coal shipping platform of 34 vessels under direct control. Paragon acquired 6,125 Series A shares from Singapore-listed Resources Global Development. The stake represents 50.52% of DPAL’s Series A shares and 49% …
https://splash247.com/miner-paragon-seals-50m-move-into-indonesian-shipping/
https://splash247.com/miner-paragon-seals-50m-move-into-indonesian-shipping/Irish authorities have sold the ship at the centre of the country’s largest cocaine seizure for a token $1 after spending around €17m ($19.4m) securing and maintaining the vessel in Cork. An unnamed international shipping company has taken over the 2001-built supramax bulker Matthew. The 50,913 dwt Panama-flagged ship has left the Port of Cork …
https://splash247.com/seized-cocaine-bulker-changes-hands-for-1/
https://splash247.com/seized-cocaine-bulker-changes-hands-for-1/Hong Kong-listed Seacon Shipping has returned to Tsuneishi Group’s Chinese shipyard for two bulk carrier newbuildings worth $66m. The Qingdao-based owner will pay $33m per ship, with one vessel scheduled for completion in 2028 and the second in 2030. The filing lists the pair at around 26,700 gt each – equivalent to the yard’s 42,200 …
https://splash247.com/seacon-adds-66m-bulker-pair-at-tsuneishi-zhoushan/
https://splash247.com/seacon-adds-66m-bulker-pair-at-tsuneishi-zhoushan/Yemen's Iran-aligned Houthis said on Monday they were imposing a naval blockade on Saudi Arabia, a move that opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the…
https://www.marinelink.com/news/houthis-announce-naval-blocked-saudi-541356
https://www.marinelink.com/news/houthis-announce-naval-blocked-saudi-541356Oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces, according to satellite analysis and sources.Since the start of the Iran war in late February, ship…
https://www.marinelink.com/news/shiptoship-oil-transfers-gulf-oman-slow-541357
https://www.marinelink.com/news/shiptoship-oil-transfers-gulf-oman-slow-541357