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South Korean shipbuilding major Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), is to expand its shipyard on the back of bumper profits and a lengthy orderbook stretching deep into the end of the decade. Hanwha Ocean delivered a 388% surge in first-quarter operating profit, while announcing yesterday plans to spend KRW600bn …
https://splash247.com/hanwha-ocean-to-expand-yard/
https://splash247.com/hanwha-ocean-to-expand-yard/Yangzijiang Financial Holding has moved to spin off its maritime investment undertaking and list it on the Singapore Stock Exchange. The spinoff of China’s largest private shipyard, Yangzijiang Shipbuilding, said the newly incorporated company would function as a dedicated maritime investment platform, focused on “unlocking value across the entire maritime value chain” – from finance …
https://splash247.com/yangzijiang-financial-to-spin-off-shipping-investment-business/
https://splash247.com/yangzijiang-financial-to-spin-off-shipping-investment-business/The death toll from the huge explosion and fire that hit Shahid Rajaee port near Bandar Abbas in southern Iran has reached 70 people, Iranian authorities reported. Officials from the province where the port is located stated that the massive fire caused by the explosion at the port was brought under control and fully extinguished …
https://splash247.com/number-of-deaths-in-iran-port-blast-rises-to-70/
https://splash247.com/number-of-deaths-in-iran-port-blast-rises-to-70/Jamie Jones, chief operating officer at GTMaritime, writes for Splash today. Cyber attacks are getting smarter. Email security tools are getting noisier. And crew are stuck in the middle – expected to spot sophisticated phishing attempts while juggling operational duties, limited bandwidth, and an inbox full of warning messages that all sound the same. This …
https://splash247.com/email-security-is-broken-and-crews-are-paying-the-price/
https://splash247.com/email-security-is-broken-and-crews-are-paying-the-price/The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted three vessels and their owners for allegedly providing support to the Houthis. Marshall Islands-registered Zaas Shipping & Trading facilitated the delivery of LPG to the Houthi-controlled port of Ras Isa using the San Marino-flagged Tulip BZ. The Tulip BZ has also …
https://splash247.com/us-sanctions-three-tankers-over-ties-to-the-houthis/
https://splash247.com/us-sanctions-three-tankers-over-ties-to-the-houthis/CMA CGM has welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier With a total capacity of 2,592 teu, CMA CGM Vitoria serves India on the group’s BIGEX network, which offers direct links between India, the Gulf, and the Red Sea, performing weekly calls from Nhava Sheva and Mundra. …
https://splash247.com/cma-cgm-becomes-first-global-liner-to-run-an-indian-flagged-vessel/
https://splash247.com/cma-cgm-becomes-first-global-liner-to-run-an-indian-flagged-vessel/The US Coast Guard Station Sand Key and partner agency crews responded to a vessel collision involving the Clearwater Ferry and a recreational boat on Sunday evening off Clearwater Memorial Causeway Bridge in Florida. There were reportedly 45…
https://www.marinelink.com/news/recreational-boat-hit-run-ferry-florida-525122
https://www.marinelink.com/news/recreational-boat-hit-run-ferry-florida-525122When bottom trawls are dragged across the seafloor, they stir up sediments. This not only releases previously stored organic carbon, but also intensifies the oxidation of pyrite, a mineral present in marine sediments, leading to additional emissions…
https://www.marinelink.com/news/trawlinginduced-sediment-resuspension-525125
https://www.marinelink.com/news/trawlinginduced-sediment-resuspension-525125South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday…
https://www.marinelink.com/news/korea-development-bank-sell-shares-hanwha-525108
https://www.marinelink.com/news/korea-development-bank-sell-shares-hanwha-525108Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said.The…
https://www.marinelink.com/news/greek-shippers-return-russian-oil-market-525109
https://www.marinelink.com/news/greek-shippers-return-russian-oil-market-525109