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The U.S. Coast Guard authenticated the keels for future Coast Guard cutters Allen Thiele, Fred Permenter and Samuel Wilson on Friday in Bayou La Batre, Alabama.The cutters are the first three of 30 future Waterways Commerce Cutters (WCCs) that…
https://www.marinelink.com/news/us-coast-guard-authenticates-keels-three-536736
https://www.marinelink.com/news/us-coast-guard-authenticates-keels-three-536736The war in the Middle East is disrupting shipping patterns and raising risks across multiple dry bulk supply chains. Pellet supply in the region is at risk as vessels avoid the Gulf, while steel imports may decline. In energy markets, LNG disruptions and tighter gas inventories could lift European coal demand, while petcoke flows through ...
https://www.hellenicshippingnews.com/middle-east-war-disrupts-dry-bulk-commodity-trade-as-hormuz-shipping-grinds-to-a-halt/With oil prices zooming up in early trading by their largest percentage daily gain seen since 1988, and overall spot shipping rates at their highest levels in history, the ongoing conflict between Iran and the US/Israeli coalition – now into its 10th day – continues to weigh heavily on the global economy. The Clarksea Index …
https://splash247.com/hormuz-paralysis-rewrites-shipping-economics/
https://splash247.com/hormuz-paralysis-rewrites-shipping-economics/Cypriot shipowner and shipping fund manager Pelagic Partners has announced the successful listing and the first day of trading of its new investment platform, Pelagic Credit, on the Oslo Stock Exchange. Pelagic Credit is a yield-oriented shipowning company focused on generating stable, predictable cash flows through long-term contracted employment of maritime assets, providing structured financing …
https://splash247.com/pelagic-credit-lists-in-oslo-after-75m-capital-raise/
https://splash247.com/pelagic-credit-lists-in-oslo-after-75m-capital-raise/Mitsui OSK Lines (MOL), Japan’s largest shipping company, has decided to jointly own two CSOVs with Cyprus-based shipping firm Schoeller Holdings. MOL has also decided to acquire a stake in the Hamburg-based company Deutsche Offshore Schifffahrt, which will operate the vessels. The joint strategy also includes developing further independent projects using this platform. Columbia Shipmanagement, …
https://splash247.com/mol-enters-european-offshore-wind-vessel-market/
https://splash247.com/mol-enters-european-offshore-wind-vessel-market/Dutch surveyor Fugro has been awarded a contract by Oriel Windfarm to deliver a detailed geotechnical site investigation that will inform the design and installation of foundations for 25 offshore wind turbines. Located off the coast of Louth County, the 375MW project is planned to be among Ireland’s first commercial-scale offshore wind farms and is …
https://splash247.com/fugro-bags-survey-deal-for-irish-offshore-wind-project/
https://splash247.com/fugro-bags-survey-deal-for-irish-offshore-wind-project/Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
https://www.marinelink.com/news/aramco-launches-rare-oil-tenders-iran-war-536689
https://www.marinelink.com/news/aramco-launches-rare-oil-tenders-iran-war-536689Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge.In…
https://www.marinelink.com/news/governments-move-shield-economies-oil-536690
https://www.marinelink.com/news/governments-move-shield-economies-oil-536690Bapco Energies has declared force majeure on its group operations following the impact of the ongoing regional conflict in the Middle East and a recent attack on its refinery complex.The Bahrain-based integrated energy company said the declaration…
https://www.marinelink.com/news/bahrains-bapco-declares-force-majeure-536693
https://www.marinelink.com/news/bahrains-bapco-declares-force-majeure-536693Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller Holdings, marking the Japanese company’s first entry into the European offshore wind support…
https://www.marinelink.com/news/mol-enters-european-offshore-wind-csov-536696
https://www.marinelink.com/news/mol-enters-european-offshore-wind-csov-536696