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Greece will deploy two frigates and one more vessel off Libya's territorial waters to deter migrants from arriving at its southern islands of Crete and Gavdos, Greek Prime Minister Kyriakos Mitsotakis said on Monday.Mitsotakis did not elaborate…
https://www.marinelink.com/news/greece-vessels-curb-migrant-flow-crete-527204
https://www.marinelink.com/news/greece-vessels-curb-migrant-flow-crete-527204U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday.War risk insurance premiums for shipments to the Middle East…
https://www.marinelink.com/news/war-risk-insurance-costs-double-middle-527210
https://www.marinelink.com/news/war-risk-insurance-costs-double-middle-527210Malaysian palm oil futures declined on Monday, pressured by weaker rival Dalian oils, while stronger crude oil prices and a softer ringgit capped the fall. The benchmark palm oil contract FCPO1! for September delivery on the Bursa Malaysia Derivatives Exchange lost 12 ringgit, or 0.29%, to 4,106 ringgit ($959.79) a metric ton at the midday ...
https://www.hellenicshippingnews.com/weak-dalian-drags-palm-lower-firm-crude-soft-ringgit-cushion-fall/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a more than two-week low on Monday, dragged by a decline in capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 15 points, or 0.9%, at 1,674, its ...
https://www.hellenicshippingnews.com/baltic-dry-bulk-index-dips-to-over-2-week-low-as-capesize-rates-retreat/Abdulaziz bin Turki Al Saud, a Saudi prince, has launched Eleven Energy, a new global bunkering company. Positioned to play a key role in supporting the Kingdom’s international energy ambitions, Eleven Energy will spearhead Saudi Arabia’s entry into the global bunker and marine fuels market, with a focus on innovation, reliability, and strategic expansion. At …
https://splash247.com/saudi-prince-launches-bunker-company/
https://splash247.com/saudi-prince-launches-bunker-company/The 300,000 dwt Alter Ego—a vessel with a storied past—has changed hands for the ninth time in its 19-year lifespan. Greek outfit Cavalli Marine, known for its preference for vintage tonnage, reportedly sold the Chinese-built tanker to Chinese buyers for around $42m, netting an estimated $3m profit, excluding any gains from chartering. The transaction highlights …
https://splash247.com/famous-vlcc-sold-for-ninth-time/
https://splash247.com/famous-vlcc-sold-for-ninth-time/Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024…
https://www.marinelink.com/news/strategic-marine-delivers-fourth-fast-527174
https://www.marinelink.com/news/strategic-marine-delivers-fourth-fast-527174At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's…
https://www.marinelink.com/news/tankers-transiting-strait-hormuz-face-527182
https://www.marinelink.com/news/tankers-transiting-strait-hormuz-face-527182Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait…
https://www.marinelink.com/news/irans-top-security-body-weigh-strait-527184
https://www.marinelink.com/news/irans-top-security-body-weigh-strait-527184Three empty oil and chemical tankers have diverted away from the Strait of Hormuz and changed course, Marine Traffic ship tracking data showed on Monday, amid growing uncertainty over whether Iran will take reprisal action in the vital waterway after U.S.
https://www.marinelink.com/news/three-tankers-shift-course-hormuz-strait-527185
https://www.marinelink.com/news/three-tankers-shift-course-hormuz-strait-527185