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Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes an option for six additional vessels of the same …
https://splash247.com/indias-revived-yard-lands-220m-norwegian-chemical-tanker-deal/
https://splash247.com/indias-revived-yard-lands-220m-norwegian-chemical-tanker-deal/For decades, seafarers have powered shipping’s profits but remained largely invisible to its decision-makers. That distance — between the bridge and the boardroom — is finally narrowing, something that forms the opening article in our brand new Seafarers magazine launching today to coincide with Crew Connect in Manila as well as next week’s Hong Kong …
https://splash247.com/splash-launches-special-seafarers-magazine/
https://splash247.com/splash-launches-special-seafarers-magazine/Svitzer Group A/S, global towage and marine solutions provider, has acquired a 66.6% stake in Norwegian towage and marine service company, Buksér og Berging AS, subject to final regulatory approvals. Svitzer’s investment represents a partnership opportunity for both companies…
https://www.marinelink.com/news/svitzer-acquires-twothirds-stake-buksr-og-532225
https://www.marinelink.com/news/svitzer-acquires-twothirds-stake-buksr-og-532225Shipments of limestone on the Great Lakes totaled 3.2 million tons in October, a decrease of 3.8 percent compared to 2024. Limestone cargos were also below the month’s 5-year average by 10.7 percent.Loadings from U.S. quarries totaled 2.6 million tons, a 6.1 percent reduction.
https://www.marinelink.com/news/great-lakes-limestone-trade-down-october-532226
https://www.marinelink.com/news/great-lakes-limestone-trade-down-october-532226Malaysian patrols searched coastal waters in the Andaman Sea on Monday for dozens of members of Myanmar's persecuted Rohingya minority, after a boat believed to be carrying them sank last week and another went missing.At least 21 bodies have…
https://www.marinelink.com/news/death-toll-climbs-malaysia-searches-532227
https://www.marinelink.com/news/death-toll-climbs-malaysia-searches-532227Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the Russian company's international operations buckled under the strain of U.S. sanctions.The force majeure…
https://www.marinelink.com/news/lukoil-declares-force-majeure-iraq-532228
https://www.marinelink.com/news/lukoil-declares-force-majeure-iraq-532228China suspended for one year port fees levied on U.S.-linked vessels, its transport ministry said on Monday, after Washington announced a similar pause on punitive actions against China's shipping and shipbuilding sectors.The reciprocated pauses were in line with agreements reached by U.S.
https://www.marinelink.com/news/china-pauses-port-fees-uslinked-ships-one-532229
https://www.marinelink.com/news/china-pauses-port-fees-uslinked-ships-one-532229Oil prices edged higher on Monday as investors assessed moves aimed at ending the U.S. government shutdown while concerns around oversupply in the crude market persisted.Brent crude futures rose 43 cents, or around 0.7%, to $64.06 a barrel by 1409 GMT. U.S.
https://www.marinelink.com/news/oil-prices-rise-us-shutdown-talks-advance-532230
https://www.marinelink.com/news/oil-prices-rise-us-shutdown-talks-advance-532230Whether you're in offshore wind, grid operations, geotechnical engineering, or digital transformation, this session, in conjunction with Offshore Engineer, will offer actionable insights, live demos, and expert opinions on:Why cable heat matters…
https://www.marinelink.com/news/webinar-seequent-unlocks-subsea-532233
https://www.marinelink.com/news/webinar-seequent-unlocks-subsea-532233Iron ore touched multi-month lows on Monday amid concerns over demand in top consumer China and rising portside ore inventories, although falling shipments helped pare some losses in the afternoon trading. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade little changed at 765 yuan ($107.40) a metric ton. ...
https://www.hellenicshippingnews.com/iron-ore-hits-multi-month-lows-as-china-demand-concerns-linger/
https://www.hellenicshippingnews.com/iron-ore-hits-multi-month-lows-as-china-demand-concerns-linger/