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The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale document posted on a government website on Tuesday.The sale comes as a U.S.
https://www.marinelink.com/news/gulf-mexico-auction-yields-far-fewer-bids-536813
https://www.marinelink.com/news/gulf-mexico-auction-yields-far-fewer-bids-536813The ongoing war between Iran and the US/Israeli coalition has pushed bunker prices into record territory Ship&Bunker reports the average global price for standard IFO380 heavy bunker fuel reached $841.50 a ton yesterday, eclipsing the previous record of $760. By comparison, the average price for the fuel was $456 last month. In Singapore, the world’s …
https://splash247.com/hormuz-closure-sends-bunker-prices-to-record-levels/
https://splash247.com/hormuz-closure-sends-bunker-prices-to-record-levels/~New immersive hub will infuse wellness programming throughout the conference and create a platform for new voices, innovations and experiences across the cruise ecosystem~Seatrade Cruise Global, the largest and longest-running event of its kind serving the international cruise industry…
https://www.marinelink.com/news/cruise-shipping-seatrade-cruise-global-536791
https://www.marinelink.com/news/cruise-shipping-seatrade-cruise-global-536791The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with…
https://www.marinelink.com/news/us-navy-says-escorts-not-possible-536793
https://www.marinelink.com/news/us-navy-says-escorts-not-possible-536793Warship builder TKMS has submitted a non-binding offer along with Norway for a multi-billion-dollar submarine contract from Canada, a company spokesperson told Reuters on Tuesday.The offer consists of around 1,500 pages and is supported by the…
https://www.marinelink.com/news/germanys-tkms-submits-nonbinding-offer-536794
https://www.marinelink.com/news/germanys-tkms-submits-nonbinding-offer-536794The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, dropped about 7.1% to the lowest since February 10 at 1,919 points on Tuesday, after rising nearly 3% the prior day. Ongoing disruptions in the Strait of Hormuz continued to weigh on shipping activity and freight demand. The capesize index, which ...
https://www.hellenicshippingnews.com/baltic-dry-index-slips-to-1-month-low/
https://www.hellenicshippingnews.com/baltic-dry-index-slips-to-1-month-low/Tug Network Team (TNT), the alliance of independent towage operators launched in the Americas in 2024, has expanded into Europe with the addition of Hamburg-based Fairplay Towage. The move gives the network a global footprint of 113 ports across 13 countries and a combined fleet of over 200 tugs. With this addition, TNT, originally formed …
https://splash247.com/tug-network-team-adds-fairplay-towage-in-european-expansion/
https://splash247.com/tug-network-team-adds-fairplay-towage-in-european-expansion/Dutch subsea contractor N-Sea Group is set to expand its fleet after securing a long-term charter for a new offshore support vessel currently under construction in the Netherlands. The vessel, named Dominus, is being built by Passer at Shipyard De Hoop in Tolkamer and will be chartered from Dutch owner Rederij Groen. Construction has now …
https://splash247.com/n-sea-lines-up-new-subsea-support-vessel/
https://splash247.com/n-sea-lines-up-new-subsea-support-vessel/Thai dry bulk owner Precious Shipping has arranged a Japanese operating lease with call option (JOLCO) transaction covering four of its vessels as it looks to refinance part of its fleet. The Bangkok-listed company said the deal involves the handysize vessels the 2015-built Vipha Naree and the 2016-built Viyada Naree, along with the 2012-built supramaxes …
https://splash247.com/precious-shipping-taps-japanese-lease-financing-for-four-bulkers/
https://splash247.com/precious-shipping-taps-japanese-lease-financing-for-four-bulkers/Wolfgang Lehmacher and Mikael Lind on maritime informatics. The Iran war has shown how precisely you can hit a target – and how little some of the maritime world can see of the blast wave across trade. Missiles and drones around the Strait of Hormuz left several tankers damaged, seafarers dead and roughly 150 ships …
https://splash247.com/hormuz-has-exposed-shippings-new-visibility-divide/
https://splash247.com/hormuz-has-exposed-shippings-new-visibility-divide/