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Egypt has signed four agreements with international firms worth more than $340 million to explore oil and gas in the Mediterranean and Nile Delta, the Petroleum Ministry said on Saturday.The deals, signed by the state-owned Egyptian Natural Gas Holding Company (EGAS), provide for the drilling of 10
https://www.marinelink.com/news/egypt-signs-exploration-deals-global-529464
https://www.marinelink.com/news/egypt-signs-exploration-deals-global-529464British maritime security firm Ambrey said on Sunday that a Liberia-flagged Israeli-owned tanker reported an explosion nearby, southwest of Saudi Arabia's Red Sea port city of Yanbu.A vessel reported "a splash in close proximity from an unknown projectile and heard a loud bang", the United Kingdom M
https://www.marinelink.com/news/israeliowned-tanker-reports-nearby-529465
https://www.marinelink.com/news/israeliowned-tanker-reports-nearby-529465Norway said on Sunday it had chosen Britain as its strategic partner for the acquisition of new frigates in its biggest ever military investment, in a deal worth some 10 billion pounds ($13.51 billion) to boost the Nordic country's maritime defence.Germany…
https://www.marinelink.com/news/norway-selects-britishmade-frigates-529466
https://www.marinelink.com/news/norway-selects-britishmade-frigates-529466The Trump administration is advancing plans to rename the Department of Defense as the Department of War, the Wall Street Journal reported on Saturday, citing a White House official, after U.S. President Donald Trump raised the prospect on Monday.Restoring…
https://www.marinelink.com/news/trump-wants-defense-renamed-department-529467
https://www.marinelink.com/news/trump-wants-defense-renamed-department-529467The Canadian Prime Minister, Mark Carney, has launched the new Major Projects Office (MPO).The MPO is headquartered in Calgary and will have offices in other major Canadian cities. Its mandate is to serve as a single point of contact to get…
https://www.marinelink.com/news/canada-launches-new-major-projects-office-529468
https://www.marinelink.com/news/canada-launches-new-major-projects-office-529468As August winds down, global markets gave us another week of shy half-gestures and newlywed hesitant moves, says cash buyer GMS, all while confidently pretending they were marching somewhere important.“Oil traders kept one eye on inventories…
https://www.marinelink.com/news/quiet-time-ship-recyclers-529471
https://www.marinelink.com/news/quiet-time-ship-recyclers-529471Southeast Asian nations are set to reshape global grains and oilseed trade flows through U.S. trade deals that include raising agriculture purchases, with increased American shipments displacing Australian, Canadian and Russian supply. While Indonesia and Bangladesh have already agreed to increased buying as part of agreements that set lowered tariffs on their exports to the ...
https://www.hellenicshippingnews.com/asias-pledge-to-boost-us-farm-imports-may-redraw-trade-flows/
https://www.hellenicshippingnews.com/asias-pledge-to-boost-us-farm-imports-may-redraw-trade-flows/China’s soybean importers are boosting purchases from Argentina and Uruguay over the next year to fill the supply gap left by the absence of U.S. shipments as the trade war drags on between Washington and Beijing, according to two trade sources. Chinese processors may buy up to 10 million metric tons of soybeans from the ...
https://www.hellenicshippingnews.com/china-boosts-soybean-buys-from-argentina-uruguay-amid-us-trade-war-sources-say/Capesize The Capesize market delivered a mixed yet broadly steady performance this week, with underlying demand offering support despite some midweek pressure on rates. The Pacific started strongly, driven by strong miner activity and firmer C5 fixtures that helped absorb tonnage. However, momentum faded midweek, with C5 values easing despite continued miner and operator presence, ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-have-a-mixed-week/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-have-a-mixed-week/On 27 August, Damen Shipyards Group launched the latest Island Class ferry for Canada’s BC Ferries. The vessel is the second of four Island Class vessels currently under construction at Damen Shipyards Galati in Romania. Once operational, the…
https://www.marinelink.com/news/eighth-island-class-vessel-joins-bc-529449
https://www.marinelink.com/news/eighth-island-class-vessel-joins-bc-529449