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The International Transport Intermediaries Club (ITIC) has warned P&I correspondents to tighten payment verification procedures after a fraudster intercepted email communications during a crew claim and diverted a $200,000 settlement. In a case highlighted in ITIC’s latest Claims Review, a correspondent handling a sensitive settlement involving the family of a deceased seafarer became the target …
https://splash247.com/itic-warns-of-rising-payment-fraud-after-200000-crew-settlement-hijacked/
https://splash247.com/itic-warns-of-rising-payment-fraud-after-200000-crew-settlement-hijacked/Swiss commodity trader and shipowner Mercuria Energy Group has stepped up its fleet growth across dry bulk and tankers with fresh newbuilding deals in China. Brokers say the Geneva-based trader has signed contracts for up to four newcastlemax bulk carriers and two aframax/LR2 units. The bulker order is understood to cover two firm 211,000 dwt …
https://splash247.com/mercuria-lines-up-fleet-growth-at-chinese-yards/
https://splash247.com/mercuria-lines-up-fleet-growth-at-chinese-yards/Capital-Executive Ship Management Corp has entered into a strategic partnership with Axis Maritime Corp, an SPV led by Nicholas Madias, and will rebrand as Capital Axis Maritime Corp. Announced in Athens, the cooperation agreement brings together Capital-Executive’s shipmanagement platform with Axis Maritime’s dry bulk expertise, creating a new venture focused on in-house commercial and technical …
https://splash247.com/greek-dry-bulk-management-partnership-formed/
https://splash247.com/greek-dry-bulk-management-partnership-formed/Russia has carried out fresh drone strikes on two civilian vessels transporting food products in the Black Sea, injuring a seafarer and setting one ship ablaze, Ukrainian authorities said on Monday. Ukraine’s regional development minister Oleksiy Kuleba said a Panamanian-flagged tanker, the Ata Voyager, was struck while waiting to enter port to load vegetable oil …
https://splash247.com/russian-drones-hit-ships-off-odesa-as-black-sea-attacks-escalate/
https://splash247.com/russian-drones-hit-ships-off-odesa-as-black-sea-attacks-escalate/Shipping markets are bracing for heightened volatility as tensions around Iran spill over into trade, energy and maritime security, with US president Donald Trump escalating both economic and military threats. Trump announced on Monday that the US will impose a 25% tariff on goods from any country conducting commercial business with Iran, warning that the …
https://splash247.com/trumps-iran-squeeze-fuels-tanker-volatility/
https://splash247.com/trumps-iran-squeeze-fuels-tanker-volatility/General Dynamics Information Technology (GDIT), a business unit of General Dynamics, has been awarded the Ship and Air Command, Control, Communications, Computers, Combat, Intelligence, Surveillance, and Reconnaissance (C5ISR) Systems Support (SACSS) contract to continue modernizing the U.S.
https://www.marinelink.com/news/gdit-awarded-contract-modernize-navy-cisr-534311
https://www.marinelink.com/news/gdit-awarded-contract-modernize-navy-cisr-534311If 2026 continues as it has started, we are more than likely in for another roller-coaster year full of geopolitical risks, tensions, aggravations, and increasingly frequent shocks that could affect the shipping and ship recycling industries in numerous — and as yet untold — ways…
https://www.marinelink.com/news/ship-recycling-market-tense-534312
https://www.marinelink.com/news/ship-recycling-market-tense-534312Finnish police said on Monday they had lifted the seizure of a ship which had been held on suspicion of sabotaging an undersea telecoms cable running from Helsinki to Estonia across the Gulf of Finland, although the investigation continues.The…
https://www.marinelink.com/news/russialinked-ship-held-cable-sabotage-534316
https://www.marinelink.com/news/russialinked-ship-held-cable-sabotage-534316Thailand's Gulf Energy has issued a tender seeking four to six cargoes a year of liquefied natural gas (LNG) over a 10-year period, said two industry sources on Tuesday.It is seeking the cargoes for delivery from 2028, in a tender that closes on January 19.(Reuters - Reporting by Emily Chow; Editing
https://www.marinelink.com/news/thailands-gulf-energy-eyes-longterm-lng-534318
https://www.marinelink.com/news/thailands-gulf-energy-eyes-longterm-lng-534318At least two supertankers, not under sanctions, were departing Venezuelan waters on Monday carrying crude, according to monitoring service Tankertrackers.com and shipping records from state-run company PDVSA seen by Reuters.Venezuela's oil exports…
https://www.marinelink.com/news/supertankers-resume-venezuelan-oil-534319
https://www.marinelink.com/news/supertankers-resume-venezuelan-oil-534319