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An expedited High Court trial has been scheduled for October 26 in London in the growing legal battle between commodity trader Mercuria Energy Group and the Baltic Exchange over the TD3C VLCC benchmark, a case that could have major consequences for tanker freight markets and shipping derivatives. The 15-day trial was fast-tracked by High Court …
https://splash247.com/mercuria-and-baltic-exchange-set-for-fast-tracked-hormuz-benchmark-showdown/
https://splash247.com/mercuria-and-baltic-exchange-set-for-fast-tracked-hormuz-benchmark-showdown/New York-listed owner Scorpio Tankers is reshaping its fleet and balance sheet with a package of vessel sales, newbuilding plans and debt repayments. The Emanuele Lauro-led company said it has agreed to sell four LR2 product tankers for a combined $285.8m while also signing a letter of intent for two scrubber-fitted MR newbuildings in China. …
https://splash247.com/scorpio-tankers-offloads-four-lr2s-and-lines-up-fresh-mr-newbuilds/
https://splash247.com/scorpio-tankers-offloads-four-lr2s-and-lines-up-fresh-mr-newbuilds/Greek dry bulk owner Diana Shipping has increased its takeover offer for US-listed rival Genco Shipping & Trading, intensifying a battle that has already spilled into a proxy fight over control of the board. The Semiramis Paliou-led company said it had raised its all-cash tender offer to $24.80 per share from the previous $23.50, while …
https://splash247.com/diana-boosts-genco-bid-in-fresh-takeover-push/
https://splash247.com/diana-boosts-genco-bid-in-fresh-takeover-push/Sherwin-Williams Protective & Marine partners with the U.S. Department of Defense (DoD) by supplying high-performance, MIL-Spec-approved coatings for a variety of platforms such as aircraft carriers, submarines, armored vehicles and aircraft.
https://www.marinelink.com/news/reflecting-sherwinwilliams-protective-539656
https://www.marinelink.com/news/reflecting-sherwinwilliams-protective-539656Effective July 1, Kai Schulte-Schrepping has been appointed as the new Head of Liability Global Risk at Corporate & Specialty Insurer HDI Global. Schulte-Schrepping succeeds Daniel Maurer, who has decided to gradually step out of his current…
https://www.marinelink.com/news/kai-schulteschrepping-appointed-head-539658
https://www.marinelink.com/news/kai-schulteschrepping-appointed-head-539658President Donald Trump’s waivers allowing foreign-flagged ships to move oil and fuel between U.S. ports have had little impact on high domestic gasoline prices due to elevated shipping rates and the relatively small fuel volumes transported so far…
https://www.marinelink.com/news/trump-domestic-shipping-waiver-fails-539663
https://www.marinelink.com/news/trump-domestic-shipping-waiver-fails-539663Tehran would restore shipping through the Strait of Hormuz to pre-war levels within a month in a framework deal with the U.S. to also include withdrawing U.S. forces from Iran's vicinity, Iranian state television reported on Wednesday.The report said the U.S.
https://www.marinelink.com/news/strait-hormuz-may-open-within-a-month-539664
https://www.marinelink.com/news/strait-hormuz-may-open-within-a-month-539664Gulf of America Logistics (GoAL), the 100% Louisiana-owned capital projects specialist, has announced the appointment of Jake Minner as Vice President of Operations - Specialized Transport and Trucking, and the opening of a new Baton Rouge office…
https://www.marinelink.com/news/jake-minmer-announced-vp-operations-gulf-539668
https://www.marinelink.com/news/jake-minmer-announced-vp-operations-gulf-539668Marlink, a global leader in managed services for business-critical digital solutions, has signed an MoU with Metis, a specialist in maritime data collection and advanced analytics, to establish a strategic partnership and expand IoT capabilities…
https://www.marinelink.com/news/marlink-metis-partner-expand-iot-539670
https://www.marinelink.com/news/marlink-metis-partner-expand-iot-539670Dubai-based GMS has won U.S. government approval to scrap four container ships that were under Iran-related sanctions, potentially paving the way for Washington to reduce the shadow fleet of such vessels, the leading ship recycler's CEO said.Hundreds…
https://www.marinelink.com/news/gms-gets-us-approval-scrap-ships-hit-539674
https://www.marinelink.com/news/gms-gets-us-approval-scrap-ships-hit-539674