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Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S. is planning new sanctions in response.The disclosure came on the first day after a U.N.
https://www.marinelink.com/news/russia-shipping-oil-north-korea-above-un-513402
https://www.marinelink.com/news/russia-shipping-oil-north-korea-above-un-513402Huntington Ingalls Industries (HII) reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.Demand for submarines and aircraft carriers is surging…
https://www.marinelink.com/news/shipbuilder-hii-beats-q-estimates-513403
https://www.marinelink.com/news/shipbuilder-hii-beats-q-estimates-513403The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, ticked up to 1,683. The capesize index .BACI gained 16 points, or 0.8% to 2,116. The index was still ...
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-gains-in-larger-vessels/
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-gains-in-larger-vessels/The inland vessel Courage broke on Wednesday morning while loading sand at an excavation area on the Waal river near Deest in the Netherlands. The bow and the stern were still visible above the water while the middle part of the vessel was completely under water. Videos and photos of the vessel show that the …
https://splash247.com/inland-vessel-breaks-and-sinks-during-loading-operation/
https://splash247.com/inland-vessel-breaks-and-sinks-during-loading-operation/Reducing carbon emissions from shipping will test operators’ adaptability and willingness to embrace the demands of their customers, writes Vasileios Gkikas, director of business development and global lead for dry bulk at class society, ABS. The challenges facing the dry bulk market are a microcosm of the broader struggle facing the industry – and will …
Further signs that the trade spat between China and Australia has come to a close. In 2020, China placed trade restrictions on several Australian exports in response to the Australian government calling for an inquiry into the origins of covid. In late March, following negotiations and a thawing of Australia-China relations, one of the last …
https://splash247.com/china-back-as-australias-top-coal-client/
https://splash247.com/china-back-as-australias-top-coal-client/Mercuria Energy Trading has signed up for a fresh pair of very large crude carriers in China. The Swiss trader and charterer has struck a deal worth $240m with China State Shipbuilding Corporation for the construction of one owned and one chartered-in VLCC newbuild. The 300,000 dwt ships will be conventionally fueled and built at …
https://splash247.com/mercuria-seals-vlcc-newbuilds/
https://splash247.com/mercuria-seals-vlcc-newbuilds/Commodities giant Trafigura has contracted four ammonia dual-fuel midsize gas carriers at HD Hyundai Mipo Dockyard in South Korea. The vessels will carry LPG or ammonia, with the first delivery due in 2027. One of the world’s largest charterers, with around 400 ships under management, said the latest order was part of the company’s commitment …
https://splash247.com/trafigura-orders-ammonia-dual-fuel-gas-carriers/
https://splash247.com/trafigura-orders-ammonia-dual-fuel-gas-carriers/A new report from broker Braemar suggests mainstream tanker charterers might relax their ‘under 20’ rule over the coming couple of years as rates remain heightened and the tanker fleet ages to levels not experienced this century. Braemar analysis shows a full 18% of the world tanker capacity is likely to be over 19 years …
https://splash247.com/mainstream-tanker-charterers-consider-relaxing-their-under-20-rule/
https://splash247.com/mainstream-tanker-charterers-consider-relaxing-their-under-20-rule/The global dry bulk shipping community has converged in Switzerland this week for today’s grand opening of the first Geneva Dry, a conference designed to be the annual summit for shipping’s largest sector. Myriad parties on the sidelines of Geneva Dry organised by trading houses, shipowners, port agents, tech firms and brokers have given the …
https://splash247.com/inaugural-geneva-dry-launches/
https://splash247.com/inaugural-geneva-dry-launches/