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The International Marine Contractors Association (IMCA) has launched IMCA 2030, a four-year strategy designed to ensure the association remains relevant, authoritative, and valuable to members as the offshore construction industry navigates…
https://www.marinelink.com/news/imca-launches-strategy-guide-offshore-544011
https://www.marinelink.com/news/imca-launches-strategy-guide-offshore-544011Gulf oil producers are assembling a fleet of nearly 230 tankers to maintain crude exports through the Strait of Hormuz despite heightened security risks and reluctance among independent shipowners to operate in the region, according to a weekly…
https://www.marinelink.com/news/gulf-oil-producers-build-tanker-fleet-544013
https://www.marinelink.com/news/gulf-oil-producers-build-tanker-fleet-544013The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a second session on Thursday, rising by 2.3% to its highest since October 13 at 2,712 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for a second day, ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-2-week-high/
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-2-week-high/“Geopolitical disruptions continue to cloud the dry bulk market outlook. The effective closure of the Strait of Hormuz remains the largest source of uncertainty, while attacks on ships and port infrastructure in the Black Sea have added another layer of risk,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. Typically, around 4% of dry bulk ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-escalating-attacks-on-ships-heighten-uncertainty/Chinese chemicals group Jiahua Energy is stepping up its shipowning ambitions with plans to invest up to $165m in a 102,000 cu m liquefied hydrocarbon carrier at Jiangnan Shipyard. The Shanghai-listed company has secured board approval for the project, with Jiangnan Shipyard and China Shipbuilding Trading named as the counterparties. The vessel is scheduled for …
https://splash247.com/jiahua-energy-lines-up-165m-gas-carrier-at-jiangnan/
https://splash247.com/jiahua-energy-lines-up-165m-gas-carrier-at-jiangnan/The US Coast Guard has imposed additional security conditions on commercial vessels arriving in American waters after calling at Somali ports, adding the East African country to its list of jurisdictions considered to have inadequate port security measures. The restrictions took effect this week, following a determination that Somalia was not maintaining effective antiterrorism measures …
https://splash247.com/us-tightens-entry-rules-for-ships-calling-at-somali-ports/
https://splash247.com/us-tightens-entry-rules-for-ships-calling-at-somali-ports/South Korea’s Namsung Shipping has been linked to another containership order in China, with brokers reporting a deal for two firm 7,100 teu vessels at Dalian Shipbuilding Industry Corporation (DSIC), plus options for another pair. Shipbroking sources said the CSSC-owned yard had secured the contract, with deliveries expected between 2030 and 2031. No price or …
https://splash247.com/korean-carrier-namsung-returns-to-china-for-larger-boxships/
https://splash247.com/korean-carrier-namsung-returns-to-china-for-larger-boxships/John Fredriksen-backed SFL Corporation has agreed to acquire three newbuildings for around $365m, securing long-term employment that will add at least $333m to its charter backlog. The New York-listed shipowner said the latest investment covers two 8,800 teu containerships scheduled for delivery in 2027 and a 93,000 cu m dual-fuel very large ammonia carrier (VLAC) …
https://splash247.com/sfl-adds-365m-newbuild-trio-with-333m-in-charter-cover/
https://splash247.com/sfl-adds-365m-newbuild-trio-with-333m-in-charter-cover/Norwegian car carrier and logistics giant Wallenius Wilhelmsen has secured two contracts worth more than $1bn with a major equipment manufacturer, adding another sizeable commitment to its shipping and logistics business. The Oslo-listed group said the agreements cover ocean transportation and logistics services over three years, with the shipping portion accounting for around $950m and …
https://splash247.com/wallenius-wilhelmsen-locks-in-1bn-contract-haul/
https://splash247.com/wallenius-wilhelmsen-locks-in-1bn-contract-haul/Three bodies have been located inside the wreck of Borr Drilling's Prospector 5 jack-up rig, which sank offshore Gabon on October 24, with search and rescue operations continuing for two people still missing.The bodies were discovered during…
https://www.marinelink.com/news/three-bodies-found-sunken-borr-drilling-543990
https://www.marinelink.com/news/three-bodies-found-sunken-borr-drilling-543990