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John Fredriksen’s Frontline has confirmed the disposal of its oldest suezmax tanker. The New York- and Oslo-listed owner said the 2011-built, scrubber-fitted Front Brage has been sold for $36.4m, with delivery due in the third quarter of 2025. After debt repayment, Frontline expects net cash proceeds of $23.7m and a $6m gain from the sale. …
https://splash247.com/frontline-offloads-oldest-suezmax/
https://splash247.com/frontline-offloads-oldest-suezmax/Baltimore’s shipping traffic was disrupted for nearly a week after an explosion on a fully laden coal carrier in the Patapsco River forced the recovery of a massive 30-ton hatch from the harbour. The 81,681 dwt W-Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX’s Curtis Bay terminal around 6:30 …
https://splash247.com/30-ton-hatch-recovered-from-coal-ship-explosion-in-baltimore/
https://splash247.com/30-ton-hatch-recovered-from-coal-ship-explosion-in-baltimore/The fire-damaged Wan Hai 503 is being towed across the Arabian Sea toward the Middle East after spending nearly 11 weeks stranded without a port of refuge, following rejections from both Sri Lanka and India. The 4,333 teu containership (built 2005) caught fire on June 9 off Kerala, southwest India, after an under-deck explosion. Four …
US-based dry bulk owner Genco Shipping & Trading has handed chief executive John Wobensmith the additional role of chairman, following the retirement of long-serving board chair James Dolphin. The New York-listed company, which runs a fleet of 43 vessels, said Dolphin steps down after 11 years on the board, including the past four as chairman, …
https://splash247.com/genco-ceo-wobensmith-steps-into-chairman-role/
https://splash247.com/genco-ceo-wobensmith-steps-into-chairman-role/Shipbuilding has become a central part of trade diplomacy in the Trump era. As well as a customised gold putter, it was noticeable that the Korean president, Lee Jae Myung, also presented Donald Trump with a model of an ancient Korean battleship when the pair met up earlier this week in the White House for …
https://splash247.com/splash-wrap-koreans-bankroll-americas-rusting-docks/
https://splash247.com/splash-wrap-koreans-bankroll-americas-rusting-docks/Britain, France and Germany have triggered a 30-day process to reimpose United Nations sanctions on Iran, a move that threatens to shake up tanker markets. The so-called snapback mechanism, launched on Thursday, would reinstate wide-ranging sanctions suspended under the 2015 nuclear accord, including restrictions on oil exports, financial flows, and maritime trade. Iran’s crude exports—already …
https://splash247.com/europe-moves-to-snap-back-iran-sanctions/
https://splash247.com/europe-moves-to-snap-back-iran-sanctions/Red ink is forecast to splatter across the balance sheets of containerlines in the final quarter of the year despite the Shanghai Containerized Freight Index (SCFI) snapping its more than two-month decline today. The SCFI broke its 11-week-long losing streak today, climbing 30 points to 1,445 points. However, Drewry’s rival World Container Index, published yesterday, …
https://splash247.com/scfi-blip-cant-mask-deepening-container-carnage-ahead-of-q4/
https://splash247.com/scfi-blip-cant-mask-deepening-container-carnage-ahead-of-q4/A steering control system component failure on a multi-purpose carrier resulted in a collision with a bulk carrier in the Houston Ship Channel, the National Transportation Safety Board said in a newly-released investigation report.The multi…
https://www.marinelink.com/news/steering-micro-switch-failure-led-houston-529424
https://www.marinelink.com/news/steering-micro-switch-failure-led-houston-529424Biological hydrogen is a wildcard technology that could change what Roy Allegra calls the current hydrogen cold war.Allegra, based in London, is founder of RA Energy and Green H₂ Systems Modeling.He sees Europe scrambling to lock in alliances…
https://www.marinelink.com/news/biological-hydrogen-offers-alternative-529425
https://www.marinelink.com/news/biological-hydrogen-offers-alternative-529425Phase 1 of S-100 Standards implementation is now complete after the operational release of standards S-124 Navigational Warnings and S-128 Catalogue of Nautical Products.The S-100 framework is a new global standard created by the International Hydrographic Organization (IHO)…
https://www.marinelink.com/news/phase-s-implementation-complete-529426
https://www.marinelink.com/news/phase-s-implementation-complete-529426