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Ireland-based product tanker owner Ardmore Shipping has expanded its newbuilding programme in China, exercising options for two additional product and chemical carriers at Wuhu Shipyard. The New York-listed company said it had declared options for a further pair of 40,500 dwt newbuilds, bringing its orderbook at the Chinese yard to four vessels. The additional ships …
https://splash247.com/ardmore-expands-tanker-fleet-renewal-with-additional-chinese-newbuilds/
https://splash247.com/ardmore-expands-tanker-fleet-renewal-with-additional-chinese-newbuilds/Easterly Clear Ocean (ECO), the maritime investment platform backed by Easterly Asset Management, has completed the disposal of the final four vessels from its inaugural investment fund, drawing a line under a seven-ship chemical tanker investment and setting its sights on newer chemical tonnage and dry bulk carriers. The Darrell Crate-led outfit said all remaining …
https://splash247.com/easterly-exits-debut-tanker-fund-and-turns-sights-to-bulkers/
https://splash247.com/easterly-exits-debut-tanker-fund-and-turns-sights-to-bulkers/Norwegian shipping and investment company Hunter Group has commenced arbitration proceedings in London against one of its long-term charter counterparties after a dispute over reduced charter hire payments escalated. The Oslo-listed company said the counterparty has failed to pay approximately $28.2m, plus interest, under the relevant charterparties and related agreements. Hunter has now formally initiated …
https://splash247.com/hunter-group-launches-arbitration-over-vlcc-charter-payment-dispute/
https://splash247.com/hunter-group-launches-arbitration-over-vlcc-charter-payment-dispute/Greek dry bulk owner Diana Shipping has increased its takeover proposal for US-listed rival Genco Shipping & Trading for a fourth time, adding a stock component to its latest bid and valuing the target at $27.34 per share. The Athens-based owner, which is already Genco’s largest shareholder, said the revised proposal consists of $24.80 per …
https://splash247.com/diana-sweetens-genco-bid-again-with-cash-and-stock-offer/
https://splash247.com/diana-sweetens-genco-bid-again-with-cash-and-stock-offer/A Russian frigate fired warning shots to divert a UK-flagged civilian yacht near British territorial waters on Tuesday, according to statements from Russia's Defence Ministry and Britain's Ministry of Defence.The Russian ministry said the crew…
https://www.marinelink.com/news/russian-frigate-fired-warning-shots-avert-540378
https://www.marinelink.com/news/russian-frigate-fired-warning-shots-avert-540378Imports to the busiest U.S. container port in Los Angeles hit the second-highest level in history during May, as retailers rushed in products like plastic school supplies before cargo ship owners start recouping higher fuel costs from the Iran…
https://www.marinelink.com/news/container-imports-soar-port-los-angeles-540379
https://www.marinelink.com/news/container-imports-soar-port-los-angeles-540379A group of US regional partners have come together to form the Northern Grain Belt Ports Initiative.The Initiative, several years in the making, is an offshoot of the regional Corn Belt Ports Initiative, which works primarily with rural, regional inland ports to promote competitiveness…
https://www.marinelink.com/news/northern-grain-belt-ports-initiative-540381
https://www.marinelink.com/news/northern-grain-belt-ports-initiative-540381ABS, Polaris Shipping, HD Hyundai Heavy Industries (HHI) and autonomous navigation solutions provider AVIKUS have signed a four-party Concept Study Agreement for the implementation of a Conditional Unmanned Bridge.Under the agreement, the parties…
https://www.marinelink.com/news/abs-partners-develop-conditional-unmanned-540382
https://www.marinelink.com/news/abs-partners-develop-conditional-unmanned-540382LH2 Shipping has been awarded Enova support of NOK 344,3 million for the development and construction of two additional liquid hydrogen-powered bulk carriers.With the latest award, LH2 Shipping is now involved in the development of six hydrogen-powered bulk carrier projects.
https://www.marinelink.com/news/lh-shipping-orders-two-liquid-540383
https://www.marinelink.com/news/lh-shipping-orders-two-liquid-540383At least three tankers carrying Iranian oil have sailed through the U.S. naval blockade this week, with a fourth, an empty vessel, heading towards the Gulf of Oman, after the U.S. and Iran agreed a framework deal to reopen the strategic Strait of Hormuz…
https://www.marinelink.com/news/iranian-oil-tankers-resume-shipments-540390
https://www.marinelink.com/news/iranian-oil-tankers-resume-shipments-540390