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Frontline has locked in one-year time charters for seven of its VLCCs at rates not seen in decades, underlining just how hot the crude tanker market has become. The New York- and Oslo-listed owner said the charters will run for 12 months, starting between late January and April 2026, at an average rate of $76,900 …
https://splash247.com/frontline-fixes-seven-vlccs-at-near-77000-a-day/
https://splash247.com/frontline-fixes-seven-vlccs-at-near-77000-a-day/Greek shipowner TMS Cardiff Gas has added fresh LNG carrier tonnage to its orderbook, with an agreement for up to six newbuildings at Hudong-Zhonghua Shipbuilding in China. The George Economou-led company is understood to have signed up for four firm 174,000 cbm LNG carriers, with options for a further two. No contract price or delivery …
https://splash247.com/tms-cardiff-gas-expands-lng-orderbook-with-chinese-deal/
https://splash247.com/tms-cardiff-gas-expands-lng-orderbook-with-chinese-deal/Greek shipowner JHI Steamship has stepped up its tanker expansion with an order for two suezmax newbuildings at HD Hyundai Samho Heavy Industries in South Korea. The 157,000 dwt crude carriers are scheduled for delivery between the fourth quarter of 2028 and the second quarter of 2029, according to market sources. Price tags have not …
https://splash247.com/jhi-steamship-widens-tanker-bet-with-hd-hyundai-suezmaxes/
https://splash247.com/jhi-steamship-widens-tanker-bet-with-hd-hyundai-suezmaxes/A migrant has been rescued and 50 others are feared drowned after a boat sank in the Mediterranean, officials said on Sunday.The man had been in the sea for 24 hours and said he believed everyone else on the vessel had died, according to the…
https://www.marinelink.com/news/one-rescued-feared-drowned-migrant-boat-534821
https://www.marinelink.com/news/one-rescued-feared-drowned-migrant-boat-534821A crude tanker chartered by Trafigura departed on Sunday from Venezuela's Jose port to Louisiana Offshore Oil Port (LOOP), LSEG data and documents showed, the first cargo going directly to the U.S. as part of a 50-million-barrel supply deal…
https://www.marinelink.com/news/tanker-carrying-venezuelan-heavy-oil-534822
https://www.marinelink.com/news/tanker-carrying-venezuelan-heavy-oil-534822The captain of an oil tanker intercepted by the French navy has been detained under investigations into whether it was operating under a false flag, the Marseille prosecutor’s office said on Sunday.The vessel named Grinch was seized in the Mediterranean on Thursday, then diverted to anchor off the F
https://www.marinelink.com/news/france-detains-captain-suspected-shadow-534823
https://www.marinelink.com/news/france-detains-captain-suspected-shadow-534823A record crowd of more than 900 industry and community representatives gathered for the 11th annual State of the Port, where Port of Los Angeles Executive Director Gene Seroka outlined his vision for the future, highlighting “Build Bigger and…
https://www.marinelink.com/news/watch-los-angeles-state-port-speech-534824
https://www.marinelink.com/news/watch-los-angeles-state-port-speech-534824Mosaic tiles, crane parts, buses, expensive fabric and 'vegetable spring rolls'. These are just some of the elaborate concealment methods criminals have used to try to smuggle drugs into Australia.In the 2025 calendar year, Australian Border Force (ABF) intercepted varied air…
https://www.marinelink.com/news/hide-seek-drug-busts-australias-borders-534825
https://www.marinelink.com/news/hide-seek-drug-busts-australias-borders-534825Capesize The market delivered a strong performance over much of the week, with sentiment and rates firming across both basins before a late-week correction tempered the rally. Early in the week, robust miner participation, healthy cargo volumes and tightening tonnage lists underpinned a steady rise in Pacific rates. C5 steadily climbed into the mid-to-high $8.00s. ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-bounce-back-strongly/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-bounce-back-strongly/The MV Isle of Islay began her maiden voyage from Cemre shipyard in Turkey back to Scotland last night.Following her official handover to owners Caledonian Maritime Assets Ltd. (CMAL) last week, a crew from CalMac is now onboard and will sail her back to Scotland.
https://www.marinelink.com/news/mv-isle-islay-begins-maiden-voyage-534801
https://www.marinelink.com/news/mv-isle-islay-begins-maiden-voyage-534801