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Oil prices fell about 4% to a one-week low on Tuesday as traders shrugged off the latest U.S. sanctions campaign against Iran, viewing economic pressure as posing less risk to oil supplies than a military escalation.Brent crude futures were down $3.83, or 4.2%, to $88.34 a barrel by 11:44 a.m.
https://www.marinelink.com/news/oil-prices-drop-traders-dismiss-us-542426
https://www.marinelink.com/news/oil-prices-drop-traders-dismiss-us-542426The Russian Defence Ministry said on Tuesday that its forces had struck three cargo vessels carrying supplies for the Ukrainian military and a tanker at the Black Sea port of Pivdennyi.The ministry also said it had hit another cargo vessel in the nearby port of Odesa, as well as port infrastructure
https://www.marinelink.com/news/russia-strikes-five-vessels-ports-along-542427
https://www.marinelink.com/news/russia-strikes-five-vessels-ports-along-542427ClassNK has launched ‘Survey Compass,’ an AI assistant that supports shipowners and ship management companies in their survey-related operations.Survey Compass is an AI assistant that responds in natural language to questions on classification…
https://www.marinelink.com/news/classnk-launches-survey-compass-ai-542431
https://www.marinelink.com/news/classnk-launches-survey-compass-ai-542431Kongsberg Maritime has secured a contract to deliver a fully integrated suite of technology and equipment for a new multi-purpose deepwater installation and construction vessel that will be owned and operated by Solstad Offshore and SBM Offshore.The vessel…
https://www.marinelink.com/news/kongsberg-maritime-provide-technology-542432
https://www.marinelink.com/news/kongsberg-maritime-provide-technology-542432McDonough Marine Service announced the addition of the MARMAC 3080, a 300' x 80' x 16' ABS Load Line deck barge, to its growing fleet of marine equipment available for charter. The MARMAC 3080 will call Amelia, Louisiana and will be ready to…
https://www.marinelink.com/news/mcdonough-marine-service-adds-marmac-deck-542433
https://www.marinelink.com/news/mcdonough-marine-service-adds-marmac-deck-542433The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fourth consecutive session on Tuesday, rising about 1.5% to a fresh high since August 12 at 2,926 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for a fourth ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-for-4th-day/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-for-4th-day/Chinese chemicals and energy group Jiahua Energy is moving into shipowning with an order for a 35,000 cu m carrier from CIMC Sinopacific Offshore & Engineering. The company has capped total investment in the vessel and pre-operating costs at CNY750m ($111m). Jiahua subsidiary Meifu Port & Storage will fund 60%, with three partners covering the …
https://splash247.com/jiahua-energy-enters-shipping-with-cimc-soe-newbuild/
https://splash247.com/jiahua-energy-enters-shipping-with-cimc-soe-newbuild/Turkish gas shipowner PascoGas has been linked to another major newbuilding move at HD Hyundai, with four LPG carriers contracted in a KRW515.4bn ($370m) deal. HD Hyundai Heavy Industries disclosed the order on Monday, identifying the customer only as an Oceania-based shipping company. The ships are scheduled for delivery by March 31, 2030. Shipbuilding sources …
https://splash247.com/pascogas-linked-to-370m-lpg-quartet-at-hd-hyundai/
https://splash247.com/pascogas-linked-to-370m-lpg-quartet-at-hd-hyundai/Norway’s Ministry of Energy has granted Ventyr a 12-month extension to complete its impact assessment and submit a licence application for the Sørlige Nordsjø II offshore wind project, pushing the deadline to October 15, 2027. Ventyr, a joint venture between JERA Nex BP and Ingka Investments, won the allocation for the 1.5GW scheme in March …
https://splash247.com/ventyr-postpones-north-sea-offshore-wind-project/
https://splash247.com/ventyr-postpones-north-sea-offshore-wind-project/New York-listed Greek bulker owner Diana Shipping has secured a 41% rate increase for the panamax Leto in a direct charter continuation with commodities giant Cargill. The 2010-built, 81,297 dwt vessel has been fixed at $18,000 per day, less a 4.75% commission, from September 10. The deal runs until at least September 1, 2027, with …
https://splash247.com/diana-rolls-panamax-bulker-into-stronger-cargill-fixture/
https://splash247.com/diana-rolls-panamax-bulker-into-stronger-cargill-fixture/