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Wolfgang Lehmacher on where the box sector is getting things wrong. Global container shipping is now missing around 1.8m teu of capacity because of delays, according to analysis by Sea-Intelligence. Even after subtracting the pre-pandemic baseline, roughly 1m teu is effectively unavailable because schedule reliability has settled at 50-65%, down from 70-80% in 2011-2019. At …
https://splash247.com/why-container-shipping-is-playing-the-wrong-resilience-game/
https://splash247.com/why-container-shipping-is-playing-the-wrong-resilience-game/C Management has lifted its capesize exposure to three ships after emerging as the buyer of two Maran Dry Management-controlled units sold at the end of May. Sources identify the buyer as C Maritime, the Cyprus-based owner behind the C Management platform. The company has taken the 2009-built C Antares and the 2008-built C Aurora, …
https://splash247.com/c-management-takes-capesize-exposure-to-three-ships-with-maran-pair/
https://splash247.com/c-management-takes-capesize-exposure-to-three-ships-with-maran-pair/Tanker sale and purchase activity has been muted so far this month, with brokers waiting to see whether owners of older tonnage will start lowering their price ideas as Russian oil transport volumes continue to slide. One deal to surface is the sale of the 299,000 dwt VLCC Eclat, now renamed Takai. The 2004-built Universal …
https://splash247.com/ovkianvance-port-snaps-up-vintage-non-sanctioned-vlcc/
https://splash247.com/ovkianvance-port-snaps-up-vintage-non-sanctioned-vlcc/Crude tanker contracting has hit its highest level on record, with owners rushing to secure new VLCC and suezmax capacity as strong freight markets, ageing fleets and geopolitical disruption reshape the sector’s investment case. BIMCO said today crude tanker newbuilding contracting has already reached 60m dwt across 234 ships this year, making 2026 the strongest …
https://splash247.com/crude-tanker-orders-hit-record-high/
https://splash247.com/crude-tanker-orders-hit-record-high/The takeover fight between Diana Shipping and Genco Shipping & Trading has turned sharper in the final stretch before Diana’s tender offer deadline. Genco urged shareholders not to tender into Diana’s offer, saying the live tender was for $24.80 per share in cash and not the $27.34 per share cash-and-stock proposal Diana has been promoting. …
https://splash247.com/diana-and-genco-trade-fire-before-tender-deadline/
https://splash247.com/diana-and-genco-trade-fire-before-tender-deadline/Ukraine has sharply escalated its campaign against Russian shipping and oil infrastructure over the past week, striking dozens of shadow fleet tankers in the Kerch Strait and Sea of Azov while long-range drones knocked out another major refinery, deepening a fuel crisis now affecting nearly every Russian region. Ukrainian drone forces struck more than 20 …
https://splash247.com/ukraines-tanker-and-refinery-campaign-deepens-russias-fuel-crisis/
https://splash247.com/ukraines-tanker-and-refinery-campaign-deepens-russias-fuel-crisis/JP Morgan has been linked to another tanker newbuilding deal at Samsung Heavy Industries, adding to a fast-growing orderbook at the South Korean yard. Samsung Heavy said this week it had signed a contract with a Bermuda-based shipowner for two crude oil tankers worth KRW284.9bn ($189m). The 158,000 dwt vessels are scheduled for delivery by …
https://splash247.com/jp-morgan-linked-to-fresh-samsung-suezmax-order/
https://splash247.com/jp-morgan-linked-to-fresh-samsung-suezmax-order/Traffic through the Strait of Hormuz came to a near standstill on Thursday after a second consecutive day of US strikes on Iran, with president Donald Trump declaring the ceasefire between the two countries “over.” Iran struck Kuwait and Bahrain with missiles and drones on Thursday in a retaliation both countries said their air defences …
https://splash247.com/hormuz-traffic-collapses-as-trump-declares-ceasefire-over/
https://splash247.com/hormuz-traffic-collapses-as-trump-declares-ceasefire-over/A Qatari LNG tanker remained stranded off Oman on Wednesday after a projectile strike sparked a fire in its engine room, though industry sources said the vessel's cargo appeared secure and the risk of an explosion was low for now.The attacks…
https://www.marinelink.com/news/projectilehit-qatari-lng-tanker-awaits-541065
https://www.marinelink.com/news/projectilehit-qatari-lng-tanker-awaits-541065The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict.What was meant to mark…
https://www.marinelink.com/news/hormuz-standoff-risks-chronic-instability-541066
https://www.marinelink.com/news/hormuz-standoff-risks-chronic-instability-541066