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Four major defense companies have proposed the establishment of an AUKUS Combat Systems Collaborative Team in contemplation of a potential role for Australia’s SSN-AUKUS conventionally armed nuclear-powered submarines, under a Memorandum of Understanding (MoU) signed Wednesday…
https://www.marinelink.com/news/defense-leaders-unite-deliver-combat-532158
https://www.marinelink.com/news/defense-leaders-unite-deliver-combat-532158Six Indonesian nationals pleaded guilty to illegally fishing in Australian waters in three separate cases at Darwin Local Court on Tuesday, October 28, 2025.The first matter arose from an incident on September 27, 2025, where Australian authorities identified…
https://www.marinelink.com/news/six-illegal-foreign-fishers-australian-532160
https://www.marinelink.com/news/six-illegal-foreign-fishers-australian-532160Today, Friday, November 07 2025, the Baltic Dry Index climbed by 41 points, reaching 2104 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2104-up-41-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2104-up-41-points/Offshore rig owner Seadrill has revealed in its fleet status report that it won several new deals for its rigs. The 2013-built drillship West Vela was awarded two new contracts. The first is a one-well contract with Walter Oil and Gas in the US Gulf. The estimated term is 65 days, with the contract expected to commence …
https://splash247.com/seadrill-nets-new-rig-contracts-in-gulf-of-mexico-and-angola/
https://splash247.com/seadrill-nets-new-rig-contracts-in-gulf-of-mexico-and-angola/Swiss-based commodity trading giant Gunvor has decided to bail from the intended buy of all international assets from Russia’s Lukoil after receiving blowback from Washington. Lukoil announced in late October that it received an offer from Gunvor to purchase Lukoil International. The company revealed that the key terms of the transaction had been previously agreed …
https://splash247.com/under-pressure-from-the-us-gunvor-pulls-out-of-lukoil-deal/
https://splash247.com/under-pressure-from-the-us-gunvor-pulls-out-of-lukoil-deal/Wolfgang Lehmacher makes the case for making the UN body stronger. The International Maritime Organization (IMO) could be sailing into a storm of its own making. After its Net Zero Framework ran aground amid global squabbling, the regulator’s critics smell blood in the water. The chorus calling for radical change reached fever pitch when Dr …
https://splash247.com/divided-we-flounder-imos-regulatory-reckoning/
https://splash247.com/divided-we-flounder-imos-regulatory-reckoning/Greek tanker owner Performance Shipping has fixed two newly acquired 2019-built suezmaxes to Repsol Trading on three-year time charters, adding fresh employment stability and expanding its list of blue-chip customers. The 157,000 dwt P Bel Air and P Beverly Hills, both built by Hyundai Samho Heavy Industries in South Korea, will deliver to Performance Shipping …
https://splash247.com/performance-shipping-secures-78m-repsol-deal-for-new-suezmax-pair/
https://splash247.com/performance-shipping-secures-78m-repsol-deal-for-new-suezmax-pair/South Korea has unveiled a breakthrough in shipboard fire safety technology, successfully trialling an AI-based autonomous firefighting system capable of detecting and extinguishing oil fires aboard naval vessels without human intervention. Developed by the Korea Institute of Machinery and Materials (KIMM) under the leadership of Dr Hyuk Lee at its AX Convergence Research Center, the …
https://splash247.com/korean-ai-fire-system-passes-sea-trials/
https://splash247.com/korean-ai-fire-system-passes-sea-trials/Compared to recent months, geopolitics did not muscle into many Splash headlines this week, the final days of the tit-for-tat port fees levied by the US and China, which are set to come to an end on Monday. The most shocking news came from the Horn of Africa, where emboldened Somali pirates, deploying skiffs and …
https://splash247.com/splash-wrap-pirates-crews-and-cyberstorms/
https://splash247.com/splash-wrap-pirates-crews-and-cyberstorms/Oil-and-products trading giant Vitol today announced the passing yesterday of Kit Kernon, CEO of its shipping arm Vitol International Shipping (VIS). Kernon, aged 56, died in Singapore, sources say, from a suspected heart attack while out jogging. Since 1997, he helmed Vitol’s shipping division, building it into a market-leading platform and steering the company’s transition …
https://splash247.com/vitol-mourns-the-loss-of-shipping-ceo-kit-kernon/
https://splash247.com/vitol-mourns-the-loss-of-shipping-ceo-kit-kernon/