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JP Morgan is being linked to another major round of shipbuilding contracts in South Korea, with market sources indicating that affiliates of the US banking giant have signed deals for five new vessels worth more than $660m. The latest orders involve tanker and gas carrier newbuildings at Samsung Heavy Industries and continue an aggressive expansion …
Why should an owner decide to use a shipmanager. The latest chapter from our brand new magazine that is being distributed this week at Posidonia. Shipowners who have never placed vessels under third-party management tend to share one instinctive concern: loss of control. The fleet is their business, their reputation and, in many cases, their …
https://splash247.com/the-elevator-pitch-for-third-party-shipmanagement/
https://splash247.com/the-elevator-pitch-for-third-party-shipmanagement/The U.S. military says it fired a missile into the engine room of a vessel trying to get through the U.S. blockade of Iran on Friday.In a statement on Saturday, U.S. Central Command said it fired a Hellfire missile into the engine room of the…
https://www.marinelink.com/news/us-military-says-fired-missile-engine-539760
https://www.marinelink.com/news/us-military-says-fired-missile-engine-539760China's military and coast guard said they carried out patrols near disputed waters in the South China Sea on Sunday, a day after the Philippines said it remained under threat from Beijing despite a recent easing in U.S.-China tensions.Philippine and U.S.
https://www.marinelink.com/news/china-patrols-scarborough-shoal-539761
https://www.marinelink.com/news/china-patrols-scarborough-shoal-539761The increasing automation around port and cargo operations sees greater use of remotely tracked and operated sensors and camera systems to deliver operational efficiency, security and greater safety across the huge footprint of any modern port.
https://www.marinelink.com/news/aidriven-port-security-innovations-539746
https://www.marinelink.com/news/aidriven-port-security-innovations-539746U.S. President Donald Trump said on Friday he would soon decide on a proposed deal to extend the ceasefire with Iran, though the two countries still appeared to differ on significant issues that have been central to the conflict.Trump said on…
https://www.marinelink.com/news/trump-final-decision-iran-ceasefire-539747
https://www.marinelink.com/news/trump-final-decision-iran-ceasefire-539747U.S. oil and gas major Chevron will not consider paying a toll to move ships through the Strait of Hormuz, CEO Mike Wirth told Bloomberg TV on Friday.Wirth also said several vessels that transit through the Strait of Hormuz have been attacked in recent days.Perhaps not every day…
https://www.marinelink.com/news/chevron-hesitant-pay-toll-ships-moving-539748
https://www.marinelink.com/news/chevron-hesitant-pay-toll-ships-moving-539748“Shipping has entered a period where complexity is building faster than it can be absorbed," said ABS Chairman and CEO John McDonald at the annual gathering of the ABS Hellenic National Committee. "Costs are rising and decision cycles are shortening.
https://www.marinelink.com/news/abs-addresses-operational-solutions-539753
https://www.marinelink.com/news/abs-addresses-operational-solutions-539753Master Boat Builders, Inc. recently announced the successful launch of Titan, the second of eight tugboats being built for Maritime Partners, LLC. The launch represents another milestone in the companies’ ongoing partnership and reflects sustained…
https://www.marinelink.com/news/master-boat-builders-launches-second-539754
https://www.marinelink.com/news/master-boat-builders-launches-second-539754Oil futures fell more than 2% on Friday, closing out their steepest weekly decline since early April as traders awaited word that the U.S., Israel and Iran had reached agreement on a ceasefire.Brent crude futures for July, which expired on Friday, settled at $92.05 a barrel, down $1.66, or 1.8%.
https://www.marinelink.com/news/oil-prices-fall-hopes-a-usiran-ceasefire-539755
https://www.marinelink.com/news/oil-prices-fall-hopes-a-usiran-ceasefire-539755