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Tor Olav Trøim-backed Bruton is splitting its 12-ship VLCC programme into two listed vehicles as its first supertanker enters service. The Oslo-listed company will keep the first four VLCCs from New Times Shipyard inside Bruton Limited, creating what it describes as a monthly dividend-paying company backed by near-term cash flow. The remaining eight VLCCs, four …
https://splash247.com/bruton-to-split-12-ship-vlcc-play/
https://splash247.com/bruton-to-split-12-ship-vlcc-play/Seaspan and Maersk are expanding their long-running partnership with a new vessel efficiency programme across 18 containerships on long-term charter to the Danish liner giant. The two companies said the programme is aimed at improving fuel efficiency, cargo capacity, operational flexibility and emissions performance across the shared time-chartered fleet. The centrepiece is a retrofit package …
https://splash247.com/seaspan-and-maersk-deepen-retrofit-push/
https://splash247.com/seaspan-and-maersk-deepen-retrofit-push/A US maritime regulator has renewed warnings over China’s detention of Panama-flagged ships, raising the prospect of action against Chinese-controlled carriers in US trades. Laura DiBella, commissioner with the Federal Maritime Commission, said China’s port state control inspections against Panama-flagged vessels had continued “with no sign of abatement”. She described the detentions as retaliatory and …
https://splash247.com/panama-flag-detentions-put-chinese-carriers-in-us-crosshairs/
https://splash247.com/panama-flag-detentions-put-chinese-carriers-in-us-crosshairs/Commercial shipping around the Strait of Hormuz has been pushed back into crisis mode after three vessel attacks in 24 hours triggered major US strikes on Iran and a sharp escalation across the Gulf. The latest wave of attacks included the Qatari LNG carrier Al Rekayyat and a Saudi-linked VLCC, with another tanker struck by …
https://splash247.com/hormuz-returns-to-crisis-mode-after-tanker-attacks-trigger-us-strikes/
https://splash247.com/hormuz-returns-to-crisis-mode-after-tanker-attacks-trigger-us-strikes/Oil prices gained more than 3% on Wednesday after Iran and the U.S. military traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again.Brent crude futures LCOc1 gained $2.40…
https://www.marinelink.com/news/oil-surges-renewed-usiran-strikes-541016
https://www.marinelink.com/news/oil-surges-renewed-usiran-strikes-541016At least four oil and gas tankers have turned back from attempting to transit the Strait of Hormuz, ship-tracking data showed, as renewed attacks on vessels in the critical waterway heightened safety and security concerns.The diversions come…
https://www.marinelink.com/news/vessel-attacks-force-hormuz-tanker-uturns-541017
https://www.marinelink.com/news/vessel-attacks-force-hormuz-tanker-uturns-541017Ukrainian drones have attacked a dozen tankers from Russia's "shadow fleet" over the past two days that were delivering fuel to Crimea, Kyiv's military said on Tuesday, as it intensifies efforts to isolate the Russian-occupied peninsula.Ukraine's…
https://www.marinelink.com/news/ukraine-attacks-a-dozen-russian-shadow-540991
https://www.marinelink.com/news/ukraine-attacks-a-dozen-russian-shadow-540991A Qatari LNG tanker was at risk of exploding and a Saudi-flagged crude oil tanker was damaged near the Strait of Hormuz, sources said on Tuesday, after reports that Iran fired missiles at ships in the waterway overnight.The Al Rekayyat, loaded with liquefied natural gas…
https://www.marinelink.com/news/two-vessels-struck-near-hormuz-lng-tanker-540992
https://www.marinelink.com/news/two-vessels-struck-near-hormuz-lng-tanker-540992France and Britain will outline plans for a multinational maritime mission in the Strait of Hormuz at talks between NATO and Gulf Arab foreign ministers on Tuesday, but diplomats say Iran's rejection of the initiative makes it unlikely to break…
https://www.marinelink.com/news/nato-allies-gulf-arab-ministers-discuss-540993
https://www.marinelink.com/news/nato-allies-gulf-arab-ministers-discuss-540993Gulf countries' dependence on oil shipments through the Strait of Hormuz could be significantly reduced by a pipeline linking the Gulf to Europe via Israel, Israel's energy minister said, allowing them also to bypass Red Sea shipping disruptions.Oil prices surged after the U.S.
https://www.marinelink.com/news/gulfeurope-oil-pipeline-minimize-red-sea-540995
https://www.marinelink.com/news/gulfeurope-oil-pipeline-minimize-red-sea-540995