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Greek shipowner Vyron Vasileiadis is taking his rapidly expanding tanker business into the VLCC segment, with Venergy Maritime linked to two firm newbuildings and options for another two at China’s Hengli Heavy Industries. The latest deal involves 306,000 dwt crude carriers, with deliveries reportedly scheduled for the first quarter of 2029, according to Greek shipbuilding …
https://splash247.com/venergy-breaks-into-vlccs-with-hengli-order/
https://splash247.com/venergy-breaks-into-vlccs-with-hengli-order/Three tankers carrying Russian diesel are heading towards the United States under the controversial agreement between presidents Donald Trump and Vladimir Putin, with Moscow preparing to dispatch a fourth vessel today. Russian deputy prime minister Alexander Novak confirmed yesterday that three shipments were underway, despite mounting opposition from US lawmakers who argue the deal breaches …
https://splash247.com/sanctioned-russian-tankers-head-for-us-carrying-diesel/
https://splash247.com/sanctioned-russian-tankers-head-for-us-carrying-diesel/Shipping may be enjoying one of its strongest booms in decades, but the extraordinary profits generated by geopolitical turmoil are raising difficult questions about risk, investment and what happens when the wars end, delegates at yesterday’s Maritime CEO Forum in Monaco heard. Opening the event at the Yacht Club de Monaco, Splash editor Sam Chambers …
https://splash247.com/maritime-ceo-forum-shippings-wartime-boom-tests-discipline/
https://splash247.com/maritime-ceo-forum-shippings-wartime-boom-tests-discipline/Iran has threatened South Korean tanker giant Sinokor, the world’s dominant VLCC owner, with sweeping action against its fleet from November 1, accusing the company of repeatedly violating Tehran’s restrictions on shipping through the Strait of Hormuz. Iran’s Persian Gulf Strait Authority (PGSA) has said Sinokor vessels have committed more transit violations than any other …
https://splash247.com/iran-singles-out-sinokor/
https://splash247.com/iran-singles-out-sinokor/The containership industry’s extraordinary ordering spree is showing no signs of slowing, with the global orderbook now exceeding 15m teu and another wave of megamax contracts poised to push the total towards 16m teu before the end of the year. The latest figures from Alphaliner show that approximately 40 additional large containerships are expected to …
https://splash247.com/containership-orderbook-heads-towards-16m-teu/
https://splash247.com/containership-orderbook-heads-towards-16m-teu/Raal Harris, the founder of PitchFrame, brings readers details of an interesting session from last week’s Crew Connect Global in Manila. We spend a lot of time in cargo shipping looking to aviation for inspiration in approaches to safety, technology, training and operational efficiency. But there’s another industry sitting much closer to home that perhaps …
https://splash247.com/what-cargo-shipping-can-learn-from-cruise-about-crewing-technology/
https://splash247.com/what-cargo-shipping-can-learn-from-cruise-about-crewing-technology/Singapore-listed Yangzijiang Maritime Development has struck deals to sell six MR tanker newbuildings for a combined $308m, taking the value of its contracted vessel resales to $805m over the past ten months. The Ren Yuanlin-led maritime investment group said the latest transactions cover two 49,500 dwt product tankers scheduled for completion between 2026 and 2027 …
https://splash247.com/yangzijiang-maritime-cashes-in-on-mr-newbuilds-with-308m-sale/
https://splash247.com/yangzijiang-maritime-cashes-in-on-mr-newbuilds-with-308m-sale/Chinese mining giant Zijin Mining has returned to Shandong Xinneng Shipbuilding for two 3,000 dwt bulk carriers, expanding its dedicated mineral transport operation on Lake Tanganyika in eastern Africa. The latest contract follows an earlier order for four 2,000 dwt vessels at the same Chinese yard, which are now operating on the lake between the …
https://splash247.com/zijin-mining-orders-bulker-pair-for-african-mineral-trade/
https://splash247.com/zijin-mining-orders-bulker-pair-for-african-mineral-trade/Hanwha General Insurance Co., Ltd. signed a memorandum of understanding (MOU) with CYTUR Inc., a company specializing in maritime and vessel cybersecurity, on October 23 to jointly pursue maritime cyber insurance business initiatives. The agreement…
https://www.marinelink.com/news/hanwha-general-insurance-cytur-explore-543937
https://www.marinelink.com/news/hanwha-general-insurance-cytur-explore-543937Most Gulf bourses ended higher on Tuesday as diplomatic efforts to de-escalate the Middle East conflict gathered pace, a day after Saudi, Turkish and Pakistani officials held talks in Tehran. It was the first high-level contact between Iran and the three allies…
https://www.marinelink.com/news/gulf-markets-rise-wake-saudi-defense-pact-543940
https://www.marinelink.com/news/gulf-markets-rise-wake-saudi-defense-pact-543940