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Greece’s Navios Maritime Partners has confirmed the acquisition of two scrubber-fitted aframax/LR2 tanker resales, lifting its orderbook in the segment to 12 vessels. The Angeliki Frangou-led company is paying $133m for the pair of 115,000 dwt newbuilds, which are scheduled for delivery in the first half of 2027. The identity of the seller has not …
https://splash247.com/navios-partners-picks-up-two-resale-lr2s-in-133m-deal/
https://splash247.com/navios-partners-picks-up-two-resale-lr2s-in-133m-deal/A Greek shipbroker has been the focus of the latest sanctions from the US aimed at stifling Iranian oil exports. Antonios Margaritis, his network of companies, and nearly a dozen vessels involved in Iran’s shadow fleet were singled out by the Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday, the latest in …
https://splash247.com/greek-shipbroker-the-main-focus-of-latest-us-sanctions-against-iran/
https://splash247.com/greek-shipbroker-the-main-focus-of-latest-us-sanctions-against-iran/Vlassis Papapanagis, chief commercial officer at Tototheo Global, writes for Splash today. Digitalisation and AI are reshaping shipping, promising safer, smarter and more environmentally responsible operations. This is particularly acute in the absence of a clear pathway for alternative fuels. As companies accelerate their use of technologies to optimise operations, the pathway to progress is …
https://splash247.com/taking-a-reality-check-on-shippings-digitalisation/
https://splash247.com/taking-a-reality-check-on-shippings-digitalisation/The containership market led Splash coverage this week, with the orderbook climbing to record levels and analysts warning of a prolonged supply glut. The global orderbook now stands at 10.4m teu, or 31.7% of the existing fleet, the highest since 2010. Linerlytica cautioned that the industry is on track for another decade-long overhang, similar to …
https://splash247.com/splash-wrap-boxship-orders-dominate-as-carriers-face-oversupply-reality/
https://splash247.com/splash-wrap-boxship-orders-dominate-as-carriers-face-oversupply-reality/Bill Gates, in his role as founder of TerraPower, met with HD Hyundai’s executive vice-chairman Chung Kisun in Seoul today to further a strategic partnership aiming to commercialise small modular reactor (SMR) propulsion. The meeting—after their March rendezvous in the US—centred on scaling up supply chains and advancing Natrium sodium-cooled fast reactor tech for power …
https://splash247.com/bill-gates-in-korea-to-further-nuclear-powered-ships-project-with-hd-hyundai/
https://splash247.com/bill-gates-in-korea-to-further-nuclear-powered-ships-project-with-hd-hyundai/Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s COSCO, posted its interims yesterday in which it noted in a release that the potential extra port charges levied by the …
https://splash247.com/oocl-admits-upcoming-us-port-fees-will-have-relatively-large-impact/
https://splash247.com/oocl-admits-upcoming-us-port-fees-will-have-relatively-large-impact/The International Lake Ontario-St. Lawrence River Board has announced that as of July 31, the Canadian Drought Monitor shows the Lake Ontario and upper St. Lawrence River regions are experiencing a moderate drought and the lower St. Lawrence…
https://www.marinelink.com/news/lake-ontariost-lawrence-river-face-529201
https://www.marinelink.com/news/lake-ontariost-lawrence-river-face-529201After three years of leading the South Carolina Ports Authority as President and CEO, Barbara Melvin has announced her resignation, with plans to pursue other opportunities.Melvin joined SC Ports in 1998, serving in a variety of roles and leading…
https://www.marinelink.com/news/melvin-resigns-president-south-carolina-529202
https://www.marinelink.com/news/melvin-resigns-president-south-carolina-529202The Royal Canadian Navy (RCN) has accepted the sixth and final Arctic and Offshore Patrol Vessel (AOPV), His Majesty’s Canadian Ship (HMCS) Robert Hampton Gray.The AOPVs are ice-capable patrol ships designed to enhance the Canadian Armed Forces’ presence in the Arctic…
https://www.marinelink.com/news/last-canadian-navy-arctic-offshore-patrol-529206
https://www.marinelink.com/news/last-canadian-navy-arctic-offshore-patrol-529206Around 50 vessels have operated on hydrogen as fuel since the pioneering ferry Hydra set sail in 2000.Whether it’s used in fuel cells or combustion engines, its capex and opex are still much higher than an equivalent diesel system, and it’s…
https://www.marinelink.com/news/making-hydrogen-work-a-fuel-529208
https://www.marinelink.com/news/making-hydrogen-work-a-fuel-529208