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The International Chamber of Shipping (ICS) has appointed well known Scottish shipowner John Denholm as its new chairman, coinciding with the release of a major industry survey that identifies geopolitical instability as the defining challenge facing global shipping. Denholm was unanimously elected by the ICS board at the organisation’s annual general meeting in Rome, succeeding …
https://splash247.com/new-ics-chair-denholm-inherits-an-industry-on-edge/
https://splash247.com/new-ics-chair-denholm-inherits-an-industry-on-edge/A striking chart published this week by Sea-Intelligence tracks the containment speed of every major container shipping disruption since 2012 — measuring how long it took late delays to return to pre-shock levels after each event. The pattern it reveals is one of accelerating recovery: three months after the 2014 US West Coast labour dispute, …
https://splash247.com/container-shippings-resilience-test-is-delivering-mixed-results/
https://splash247.com/container-shippings-resilience-test-is-delivering-mixed-results/Iran and the United States have established a direct communication channel to avoid incidents and miscommunication in the Strait of Hormuz, Qatar and Pakistan announced on Monday following the first round of high-level talks under the 14-point Memorandum of Understanding at the Lake Lucerne Summit in Burgenstock, Switzerland. The joint statement said talks were held …
https://splash247.com/hormuz-hotline-opens-between-us-and-iran/
https://splash247.com/hormuz-hotline-opens-between-us-and-iran/The U.S. Merchant Marine Academy (USMMA) graduated 188 new merchant marine and military officers during its 90th commencement ceremony.U.S. Secretary of Transportation Sean P. Duffy, whose department oversees the Academy, one of the Nation’s five service academies…
https://www.marinelink.com/news/merchant-marine-military-officers-540533
https://www.marinelink.com/news/merchant-marine-military-officers-540533Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures LCOc1 fell $1.09, or 1.4%, to $76.81 a barrel and U.S.
https://www.marinelink.com/news/oil-falls-signs-hormuz-recovery-weigh-540534
https://www.marinelink.com/news/oil-falls-signs-hormuz-recovery-weigh-540534A group of former Lloyd’s Register employees is set to stage a protest outside the classification society’s London headquarters today, escalating a long-running dispute over pension benefits that campaigners claim have lost more than 30% of their real value. Members of the Lloyd’s Register Pensioners Action Group will gather outside the organisation’s offices at 71 …
https://splash247.com/lloyds-register-pensioners-take-dispute-public-with-london-protest/
https://splash247.com/lloyds-register-pensioners-take-dispute-public-with-london-protest/DNV has published a recommended practice (RP) providing a standardized framework for measuring and verifying the performance of onboard carbon capture and storage (OCCS) systems on ships, setting the stage for further developing onboard captured carbon solutions and technologies.
https://www.marinelink.com/news/dnv-publishes-recommended-practice-540517
https://www.marinelink.com/news/dnv-publishes-recommended-practice-540517Tampnet, the world’s largest offshore high-speed, high-capacity communications provider, has been selected by an international energy major to deliver advanced connectivity solutions to two development projects in the US Gulf.The projects in…
https://www.marinelink.com/news/tampnet-awarded-connectivity-contracts-540520
https://www.marinelink.com/news/tampnet-awarded-connectivity-contracts-540520Crude oil exports from Saudi Arabia fell for a second straight month in April to a record low, according to Joint Organizations Data Initiative (JODI) data released on Monday, as the Iran war disrupted shipments from the Gulf region.Exports…
https://www.marinelink.com/news/saudi-arabia-crude-oil-exports-hit-lowest-540521
https://www.marinelink.com/news/saudi-arabia-crude-oil-exports-hit-lowest-540521Oil prices fell 4% on Monday after U.S. Vice President JD Vance said progress has been made in talks with Iran and that the Strait of Hormuz was open, easing supply concerns.Brent crude was down $3.18 or 3.95%, at $77.39 a barrel by 11:44 a.m.
https://www.marinelink.com/news/oil-prices-fall-usiran-talks-ease-supply-540522
https://www.marinelink.com/news/oil-prices-fall-usiran-talks-ease-supply-540522