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Singapore-based gas owner Purus has moved to expand its LNG carrier orderbook, exercising an option for another newbuild at Samsung Heavy Industries (SHI). The South Korean yard disclosed the contract at a price of KRW 377.9bn $252m), with delivery scheduled for the second quarter of 2029. While SHI did not name the buyer, shipbroking sources …
https://splash247.com/purus-adds-to-samsung-heavy-lng-series/
https://splash247.com/purus-adds-to-samsung-heavy-lng-series/The takeover tussle between dry bulk players Diana Shipping and Genco Shipping & Trading is escalating, with the Greek owner hitting back after its sweetened bid was rejected for a second time. Diana, which already holds close to 15% of Genco, said the US-listed bulker owner had dismissed its $23.50-per-share all-cash offer without meaningful engagement, …
https://splash247.com/dry-bulk-takeover-battle-heats-up-between-diana-and-genco/
https://splash247.com/dry-bulk-takeover-battle-heats-up-between-diana-and-genco/Tor Olav Trøim-backed tanker newcomer Bruton has moved to expand its VLCC orderbook, contracting four newbuildings at China’s Yantai CIMC Raffles. The Oslo-listed company said each vessel will be built for delivery into a Bruton subsidiary, with handovers scheduled between January and July 2028. The ships will follow the MARIC 319,000 dwt design and come …
https://splash247.com/bruton-bolsters-vlcc-pipeline-with-four-ship-order-at-cimc-raffles/
https://splash247.com/bruton-bolsters-vlcc-pipeline-with-four-ship-order-at-cimc-raffles/John Fredriksen’s private investment arm, Seatankers Management, has re-entered the large bulk carrier newbuild market with an order for up to eight newcastlemax vessels at China’s Panjin Dajin Offshore. Shipbuilding sources say the Cyprus-based outfit has signed firm contracts for four 210,000 dwt units, with options attached for a further four. Deliveries for the firm …
https://splash247.com/fredriksen-back-in-dry-bulk-newbuilds-with-up-to-eight-newcastlemaxes/
https://splash247.com/fredriksen-back-in-dry-bulk-newbuilds-with-up-to-eight-newcastlemaxes/In a maritime market increasingly defined by volatility, from war in the Middle East and the resulting whiplash freight and energy rates, William Doyle chose a moment of celebration in New Orleans to deliver a message grounded in something far…
https://www.marinelink.com/news/dcas-doyle-delivers-vigorous-jones-act-537140
https://www.marinelink.com/news/dcas-doyle-delivers-vigorous-jones-act-537140Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid in 48 hours, escalating the three-week-old war.The…
https://www.marinelink.com/news/iran-trades-threats-trump-537141
https://www.marinelink.com/news/iran-trades-threats-trump-537141Europe’s utilities and traders are preparing to step up seaborne thermal coal purchases as the Middle East conflict adds volatility to gas markets and revives the economics of gas-to-coal switching ahead of summer demand, market participants said. The pickup is expected first in spot restocking into Northwest Europe, with some market participants warning the impact ...
https://www.hellenicshippingnews.com/european-thermal-coal-imports-may-rise-as-middle-east-war-jolts-gas-supply-outlook/Capesize It was a week of mixed route performance in the Capesize market. Following a positive close on Friday, the Capesize Timecharter Average (C5TC 182) ultimately rose by $817 week-on-week. The C3 Brazil to China route edged above $30, a level last seen in July 2024 with the current laycans across both the first and ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-a-high-note/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-a-high-note/The French Navy seized an oil tanker on Friday in the Western Mediterranean that President Emmanuel Macron said belonged to Russia's shadow fleet, a network of vessels that enables Moscow to export oil despite Western sanctions.Local officials…
https://www.marinelink.com/news/france-boards-tanker-mediterranean-linked-537132
https://www.marinelink.com/news/france-boards-tanker-mediterranean-linked-537132A tanker carrying fuel originally bound for Cuba on Friday changed its destination to Trinidad and Tobago, according to LSEG ship-tracking data, a blow for the island amid a severe fuel scarcity that has triggered power blackouts.The Hong Kong…
https://www.marinelink.com/news/tanker-bound-cuba-fuel-cargo-diverts-537134
https://www.marinelink.com/news/tanker-bound-cuba-fuel-cargo-diverts-537134