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Oil prices fell by more than $1 a barrel on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S.
https://www.marinelink.com/news/oil-prices-fall-looming-supply-glut-533875
https://www.marinelink.com/news/oil-prices-fall-looming-supply-glut-533875Norwegian Car Carriers (NOCC) has added another ship to its growing car carrier programme in China, signing up for a fourth dual-fuel newbuilding at CIMC Raffles. The Oslo-based owner, controlled by a company advised by JP Morgan, has ordered a 7,000 ceu vessel capable of running on LNG. Chief executive Olav Sollie confirmed the deal …
https://splash247.com/jp-morgan-backed-nocc-tops-up-china-car-carrier-orderbook/
https://splash247.com/jp-morgan-backed-nocc-tops-up-china-car-carrier-orderbook/German chemical tanker owner John T. Essberger is pressing ahead with its fleet renewal programme, signing up to six newbuildings at a another Chinese shipyard. The Hamburg-based group has placed firm orders for two 7,900 dwt duplex stainless steel chemical tankers, with two-plus-two options, at China Merchants Industry Yangzhou Dingheng. The vessels will be built …
https://splash247.com/essbergers-newbuild-push-rolls-on-with-up-to-six-chemical-tankers-in-china/
https://splash247.com/essbergers-newbuild-push-rolls-on-with-up-to-six-chemical-tankers-in-china/Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn and NT$5.4bn (about $155m–$171m), signalling longer-term confidence in dry bulk demand. The …
https://splash247.com/yang-mings-dry-bulk-arm-lines-up-ultramax-quartet-at-japanese-yards/
https://splash247.com/yang-mings-dry-bulk-arm-lines-up-ultramax-quartet-at-japanese-yards/Greek interests remain active in the newbuilding market, with Monte Nero Maritime securing a pair of LR2 product tanker orders at China’s fast-growing Hengli Shipbuilding. In a regulatory filing over the weekend, Songfa Ceramics, the Shanghai-listed parent of Hengli Shipbuilding, disclosed that the yard has signed contracts for two 114,000 dwt LR2 product tankers. The …
https://splash247.com/monte-nero-expands-tanker-play-with-lr2-order-in-china/
https://splash247.com/monte-nero-expands-tanker-play-with-lr2-order-in-china/Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship Engineering (JNS) to acquire four 40,000 dwt vessels …
https://splash247.com/pacific-basin-signs-up-for-chinese-handysize-newbuilds/
https://splash247.com/pacific-basin-signs-up-for-chinese-handysize-newbuilds/Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in 2027, with the deal valued between $200m and …
https://splash247.com/eastern-pacific-adds-capes-to-swelling-hengli-orderbook/
https://splash247.com/eastern-pacific-adds-capes-to-swelling-hengli-orderbook/Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported on Friday.Authorities did not name the vessel or disclose its nationality. They…
https://www.marinelink.com/news/iran-seizes-foreign-tanker-alleged-fuel-533865
https://www.marinelink.com/news/iran-seizes-foreign-tanker-alleged-fuel-533865The White House has ordered U.S. military forces to focus almost exclusively on enforcing a "quarantine" of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in…
https://www.marinelink.com/news/us-orders-military-enforce-quarantine-533867
https://www.marinelink.com/news/us-orders-military-enforce-quarantine-533867On January 8, 2026, NYK will launch an expert committee dedicated to the long-term preservation of Hikawa Maru, a national Important Cultural Property moored in front of Yokohama’s Yamashita Park.Since 2024, NYK has been conducting surveys on…
https://www.marinelink.com/news/maritime-history-effort-underway-preserve-533872
https://www.marinelink.com/news/maritime-history-effort-underway-preserve-533872