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Few shipping bets have paid off as spectacularly as Sinokor Maritime’s extraordinary tanker buying campaign. The South Korean owner has dominated secondhand tanker acquisitions in 2026, buying 73 ships for $5.925bn, according to VesselsValue. That is roughly equivalent to the combined spending of the next eight largest tanker buyers in the year to date and …
https://splash247.com/sinokors-6bn-tanker-bet-pays-off-spectacularly/
https://splash247.com/sinokors-6bn-tanker-bet-pays-off-spectacularly/At 27% year-on-year, growth in the global shipbuilding orderbook is running at its fastest pace since the eve of the 2008 financial crisis, with contracting volumes now tracking levels last seen during shipping’s great pre-Lehman ordering frenzy. The global merchant fleet stood at 117,022 ships of 1.8bn gt at the start of August, up 4% …
https://splash247.com/global-ship-orderbook-growth-hits-fastest-pace-since-pre-lehman-boom/
https://splash247.com/global-ship-orderbook-growth-hits-fastest-pace-since-pre-lehman-boom/The Port of Los Angeles, the nation's busiest seaport, notched its second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive director said on Tuesday.That…
https://www.marinelink.com/news/data-center-projects-boost-port-los-542212
https://www.marinelink.com/news/data-center-projects-boost-port-los-542212Iraq's cabinet approved mechanisms for exporting Iraqi crude through specialized international and local companies and via multiple export outlets, the government said on Tuesday.The contracts under the new mechanism will run for three months starting September 1…
https://www.marinelink.com/news/iraq-export-crude-via-multiple-outlets-542213
https://www.marinelink.com/news/iraq-export-crude-via-multiple-outlets-542213The European Commission has proposed adding two Indian ship recycling facilities in Alang to the European List of approved ship recycling facilities. Danish Shipping warmly welcomes the proposal, calling it an important step for responsible…
https://www.marinelink.com/news/danish-shipping-welcomes-eu-proposal-542214
https://www.marinelink.com/news/danish-shipping-welcomes-eu-proposal-542214Portchain and X-Press Feeders have announced a partnership to bring digital solutions to the feeder market through the deployment of Portchain Connect.The project will optimize berth alignment through real-time data exchange, enhancing just…
https://www.marinelink.com/news/portchain-xpress-feeders-partner-542216
https://www.marinelink.com/news/portchain-xpress-feeders-partner-542216Shipping through the Strait of Hormuz slowed, data showed on Wednesday, as most shipowners avoided the key waterway because of a lack of clear signalling on its reopening from a blockade during the Iran war.Six commodity vessels crossed the strait on Tuesday…
https://www.marinelink.com/news/hormuz-traffic-slows-uncertainty-persists-542220
https://www.marinelink.com/news/hormuz-traffic-slows-uncertainty-persists-542220The United Arab Emirates' defense ministry said on Tuesday that it had detected two ballistic missiles launched from Iran, the first such incident reported since a May 4 strike on the Fujairah port.In a statement later, the ministry said the…
https://www.marinelink.com/news/uae-says-two-missiles-detected-earlier-542221
https://www.marinelink.com/news/uae-says-two-missiles-detected-earlier-542221MacArtney Underwater Technology has appointed Geir Håøy, former President and CEO of KONGSBERG, to its Board of Directors, effective June 2026. Throughout his career, Håøy has worked with technologies developed and deployed in maritime, defense…
https://www.marinelink.com/news/geir-hy-appointed-macartney-board-542202
https://www.marinelink.com/news/geir-hy-appointed-macartney-board-542202U.S. President Donald Trump said on Tuesday no talks were taking place with Iran and none were scheduled, and he insisted that the Strait of Hormuz was open, contradicting an earlier Iranian assertion that the critical waterway remained shut…
https://www.marinelink.com/news/usiran-talks-planned-hormuz-remains-542205
https://www.marinelink.com/news/usiran-talks-planned-hormuz-remains-542205