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Greek shipping magnate George Economou has returned to the sale and purchase market, cashing in on the firming cape sector, selling the 2006-built, Shanghai Waigaoqiao-built Venture I, with the ship now renamed Cape Shanghai and registered with Talent Shipping. No price has been attached to the deal. Economou has been offloading a handful of vintage …
https://splash247.com/economou-jumps-back-onto-the-sp-wagon-with-rusty-cape-sale/
https://splash247.com/economou-jumps-back-onto-the-sp-wagon-with-rusty-cape-sale/Iran proposed managing the Strait of Hormuz through an insurance-based framework that would formalise its control over the critical oil shipping chokepoint, while simultaneously demanding that all vessels file mandatory cargo declarations with a newly created Iranian maritime authority before being permitted to transit. Iran is also quietly negotiating with the Gulf state of Oman …
https://splash247.com/splash-wrap-shippings-most-frantic-news-cycle-of-the-year/
https://splash247.com/splash-wrap-shippings-most-frantic-news-cycle-of-the-year/Russia’s shadow fleet of oil tankers is functioning as an active platform for hybrid warfare against European states – enabling undersea infrastructure sabotage and drone surveillance over military and critical facilities across the Baltic and North Sea – according to a new investigation published by the Armed Conflict Location and Event Data Project. The report, …
Captain Mohit Kohli recounts navigating missiles, drones, misinformation and fear when the Strait of Hormuz became a battlefield and commercial shipping was left dangerously unprepared. We as mariners are trained to expect storms, operational incidents and accidents, injuries, non-compliance of regulatory norms, machinery failures, and the occasional brush with piracy. But nothing in our manuals …
https://splash247.com/master-under-fire-inside-a-merchant-ship-trapped-in-the-gulf-war-zone/
https://splash247.com/master-under-fire-inside-a-merchant-ship-trapped-in-the-gulf-war-zone/Disruption in the Strait of Hormuz is helping drive a sharp rise in Panama Canal traffic, with the waterway now operating close to maximum capacity as US energy exports to Asia surge. According to new analysis from BIMCO, average daily transits through the canal have risen 8% year-on-year so far in 2026 to 38 vessels …
https://splash247.com/hormuz-fallout-pushes-panama-canal-close-to-full-capacity/
https://splash247.com/hormuz-fallout-pushes-panama-canal-close-to-full-capacity/Captain Chris Welch of Kennebunk, Maine, is catching fewer lobsters this spring because spiking diesel prices have made it too costly to take out his fishing boat as often as he normally would.Instead of checking and re-baiting his traps every four or five days to collect the valuable crustaceans…
https://www.marinelink.com/news/fishing-boats-worldwide-stuck-dockside-539516
https://www.marinelink.com/news/fishing-boats-worldwide-stuck-dockside-539516Ilya Espino de Marotta was selected as the new administrator of the Panama Canal, Panama's President Jose Raul Mulino announced in a post on X on Thursday.Espino, an engineer who has worked for the canal for more than 40 years, has served as deputy administrator of the Canal since 2020.
https://www.marinelink.com/news/panama-canal-veteran-ilya-espino-539517
https://www.marinelink.com/news/panama-canal-veteran-ilya-espino-539517U.S. government scientists said on Thursday they expect a below-normal Atlantic tropical storm season in 2026, likely producing one to three major hurricanes with sustained winds of at least 111 miles per hour (179 kph).Officials from the National…
https://www.marinelink.com/news/us-scientists-forecast-belownormal-539518
https://www.marinelink.com/news/us-scientists-forecast-belownormal-539518The IMO has adopted a new International Code of Safety for Maritime Autonomous Surface Ships (MASS Code) at the 111th session of the Maritime Safety Committee in London.The MASS Code aims to support the safe integration of autonomous and remotely operated commercial ships into global shipping.
https://www.marinelink.com/news/imo-adopts-global-code-autonomous-ships-539519
https://www.marinelink.com/news/imo-adopts-global-code-autonomous-ships-539519Meyer Turku is investing in shipbuilders of the future by donating EUR 800,000 ($930,000) to Aalto University. With the donation, Aalto will establish a five-year Professor of Practice to accelerate developments in marine technology and secure…
https://www.marinelink.com/news/meyer-turku-donates-money-professorship-539522
https://www.marinelink.com/news/meyer-turku-donates-money-professorship-539522