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The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. According to data from Greece’s Xclusiv Shipbrokers tanker fleet growth will be just 0.02% in 2024, 1.7% next …
https://splash247.com/compelling-tanker-orderbook-augurs-well-for-rates-through-to-2026/
https://splash247.com/compelling-tanker-orderbook-augurs-well-for-rates-through-to-2026/An American investor in Euronav has returned to Belgium with another lawsuit in a bid to overturn deals struck between the European tanker giant’s shareholders last year. The New York-based FourWorld Capital Management has filed a claim with Antwerp Enterprise Court seeking to declare null and void all transactions agreed by Euronav’s supervisory board and …
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline with as much as 3m more barrels per day at risk from increasingly daring raids by Ukrainian drones. The 20% estimate is a significant jump from last week’s 15% estimate from NATO and comes as …
The Unified Command completed a line integrity test on the Main Pass Oil Gathering (MPOG) company's pipeline system near Plaquemines Parish, southeast of New Orleans, the U.S. Coast Guard said on Monday."Following a successful line integrity test of the MPOG line…
https://www.marinelink.com/news/us-coast-guard-gives-clear-louisiana-512814
https://www.marinelink.com/news/us-coast-guard-gives-clear-louisiana-512814Norwegian Cruise Line (NCL) has ordered eight new ships, the most comprehensive newbuild order in its history.The order represents nearly 25,000 additional berths, with new classes of ships for each of its three brands and the construction of a multi-ship pier at Great Stirrup Cay…
https://www.marinelink.com/news/ncl-orders-eight-new-ships-512815
https://www.marinelink.com/news/ncl-orders-eight-new-ships-512815More than 100 people died after a ferry boat sank off the northern coast of Mozambique, President Filipe Nyusi said on Monday, and almost 20 others were still missing.An official from the country's Maritime Transport Institute (INTRASMAR) said…
https://www.marinelink.com/news/dead-mozambique-ferry-sinks-512816
https://www.marinelink.com/news/dead-mozambique-ferry-sinks-512816At SAAM’s annual general meeting last week, Chairman Óscar Hasbún outlined the objectives for the company's new phase, following the sale of the port terminals and inland logistics division."SAAM has robust solvency and liquidity indicators…
https://www.marinelink.com/news/saam-seeks-further-growth-towage-business-512818
https://www.marinelink.com/news/saam-seeks-further-growth-towage-business-512818The Maritime and Port Authority of Singapore (MPA) has launched the first pilot trial for electric harbor craft charging point at the Marina South Pier (MSP).The charging point was awarded to the Pyxis Energy, Pyxis Maritime, and SP Mobility partnership.
https://www.marinelink.com/news/singapore-trials-charging-point-marina-512820
https://www.marinelink.com/news/singapore-trials-charging-point-marina-512820As part of its ongoing Aquarius Eco Ship Project, Eco Marine Power and Nakashima Propeller will explore the further use of carbo-fiber reinforced plastic (CFRP) and glass-fiber reinforced plastic (GFRP) for ship structures and other maritime…
https://www.marinelink.com/news/eco-marine-power-nakashima-propeller-512821
https://www.marinelink.com/news/eco-marine-power-nakashima-propeller-512821The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight container shipping rates.Data released Monday by Xeneta reveals average…
https://www.marinelink.com/news/xeneta-baltimore-bridge-collapse-not-512822
https://www.marinelink.com/news/xeneta-baltimore-bridge-collapse-not-512822