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Greek owner Venergy Maritime is stepping up its move into crude tankers, lining up as many as six suezmax newbuilds across two Chinese yards. The Piraeus-based company, led by Vyron Vasileiadis, has signed firm contracts for two 158,000 dwt vessels at Shanghai Waigaoqiao Shipbuilding, with options for two more units. The ships are scheduled for …
https://splash247.com/venergy-ramps-up-tanker-push-with-suezmax-orders-in-china/
https://splash247.com/venergy-ramps-up-tanker-push-with-suezmax-orders-in-china/Product tanker giant Hafnia has signed up for eight new MR tankers at HD Hyundai Heavy Industries in a deal worth about $405m. The BW Group-backed company said the vessels will deliver between the third quarter of 2028 and the second quarter of 2029, adding fresh, fuel-efficient tonnage to its core MR segment. Chief executive …
https://splash247.com/hafnia-pushes-fleet-renewal-with-405m-mr-order-in-south-korea/
https://splash247.com/hafnia-pushes-fleet-renewal-with-405m-mr-order-in-south-korea/Swedish authorities have seized a Sierra Leone-flagged chemical tanker on suspicion of carrying out an illegal oil spill in the Baltic Sea. The 21-year-old Flora 1 was detained by Swedish authorities in the early hours of Friday following suspicions that the vessel had discharged oil illegally into the Baltic with aerial photos showing a sheen …
https://splash247.com/sweden-seizes-chemical-tanker-suspected-of-illegal-baltic-oil-spill/
https://splash247.com/sweden-seizes-chemical-tanker-suspected-of-illegal-baltic-oil-spill/China’s state-run shipping group COSCO is closing in on another major boxship order, with brokers pointing to a deal for up to 12 LNG dual-fuel container vessels worth more than $2bn. Market sources say the group is in advanced talks with CSSC’s Hudong-Zhonghua Shipbuilding for a series of 14,000 teu neo-panamax ships, with pricing understood …
https://splash247.com/cosco-targets-dozen-lng-dual-fuel-boxships-in-2bn-move/
https://splash247.com/cosco-targets-dozen-lng-dual-fuel-boxships-in-2bn-move/The weekend of the US-Israel war with Iran delivered a presidential tirade, fresh attacks on Gulf port infrastructure, and disputed claims over an Mediterranean Shipping Co (MSC) vessel while new market data confirms that crude tanker tonne-miles have collapsed to levels worse than anything recorded during the covid pandemic. Last night, president Donald Trump issued …
https://splash247.com/open-the-fin-strait-trump/
https://splash247.com/open-the-fin-strait-trump/Ukraine has launched a series of sweeping strikes against Russian energy infrastructure over the weekend, targeting the Sheskharis oil terminal at Novorossiysk, the Lukoil NORSI refinery in the Nizhny Novgorod region, the Baltic port of Primorsk and a grain-carrying vessel in the Sea of Azov – a coordinated assault designed to squeeze Moscow’s oil export …
An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day after Iran said Iraq was exempt from any restrictions to transit the vital sea route, data from LSEG and Kpler showed.The Ocean Thunder…
https://www.marinelink.com/news/petronaschartered-tanker-passes-hormuz-537673
https://www.marinelink.com/news/petronaschartered-tanker-passes-hormuz-537673The U.S. International Development Finance Corporation (DFC) and Chubb have announced six additional American insurance partners that will provide reinsurance for DFC's Maritime Reinsurance plan: Travelers, Liberty Mutual Insurance, Berkshire Hathaway…
https://www.marinelink.com/news/dfc-chubb-announce-additional-partners-537674
https://www.marinelink.com/news/dfc-chubb-announce-additional-partners-537674ClassNK has granted its “AUTO-Nav2(All)" notation to Japanese domestic liner container ship Genbu, the only newly constructed autonomous ship under the MEGURI2040 Fully Autonomous Ship Program by The Nippon Foundation.This notation identifies…
https://www.marinelink.com/news/classnk-awards-autonomous-notation-537676
https://www.marinelink.com/news/classnk-awards-autonomous-notation-537676Geopolitical risk has overtaken supply-demand fundamentals as the primary price driver in energy markets, and ship recycling is feeling the impact from both sides, as higher oil keeps aging vessels trading while a volatile U.S. dollar makes confident bidding difficult to sustain…
https://www.marinelink.com/news/ship-recyclers-face-clouded-price-537677
https://www.marinelink.com/news/ship-recyclers-face-clouded-price-537677