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Greek tanker owner Top Ships has redirected funds from its abandoned Dubai property play into three MR tanker newbuildings, taking its orderbook in the segment to 10 vessels. The New York-listed company has agreed to acquire three special-purpose companies from a related party, each holding a contract for a scrubber-fitted MR product tanker due for …
https://splash247.com/top-ships-turns-dubai-refund-into-mr-tanker-trio/
https://splash247.com/top-ships-turns-dubai-refund-into-mr-tanker-trio/Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the impasse that has choked off Gulf trade for months.Oman…
https://www.marinelink.com/news/iran-rejects-omani-plan-strait-hormuz-541592
https://www.marinelink.com/news/iran-rejects-omani-plan-strait-hormuz-541592Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage (CCS) transport and storage operations.The Northern…
https://www.marinelink.com/news/northern-lights-ccs-fleet-set-next-stage-541597
https://www.marinelink.com/news/northern-lights-ccs-fleet-set-next-stage-541597The American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) and Conrad Shipyard for the basic design of a 12,000-cubic-metre LNG bunkering articulated tug-barge (ATB) planned for construction…
https://www.marinelink.com/news/samsung-heavy-conrad-shipyard-abs-nod-lng-541614
https://www.marinelink.com/news/samsung-heavy-conrad-shipyard-abs-nod-lng-541614Sallaum Lines has ordered an 8,600-car equivalent unit (CEU) pure car and truck carrier (PCTC) from China Merchants Shipyard, with an option for a second vessel, expanding its newbuilding program as it prepares for long-term growth in the global vehicle carrier market.The LNG dual-fuel…
https://www.marinelink.com/news/sallaum-lines-orders-lng-dualfuel-pctc-541616
https://www.marinelink.com/news/sallaum-lines-orders-lng-dualfuel-pctc-541616Today, Wednesday, July 29 2026, the Baltic Dry Index decreased by 32 points, reaching 2632 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2632-down-32-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2632-down-32-points/CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports, a joint venture holding nine container terminals across five countries. Stonepeak has invested $2.4bn for a 25% stake in the business, while CMA CGM retains 75% ownership and full operational control. The initial portfolio includes Fenix Marine Services in Los Angeles, Port …
https://splash247.com/cma-cgm-secures-fresh-capital-for-port-expansion-from-stonepeak/
https://splash247.com/cma-cgm-secures-fresh-capital-for-port-expansion-from-stonepeak/Few shipping books take more than half a century to reach publication. For maritime historian Professor Howard Dick and co-author Stephen Kentwell, however, the story of legendary Hong Kong shipowner C. Y. Tung became a lifelong project stretching from an encounter with one of his early containerships in 1970 to the launch of their biography …
https://splash247.com/c-y-tung-and-the-rise-of-modern-chinese-shipping/
https://splash247.com/c-y-tung-and-the-rise-of-modern-chinese-shipping/The seaborne nickel ore trade is expanding rapidly, generating additional employment for supramax and ultramax bulkers while renewing scrutiny of one of shipping’s most dangerous cargoes. Global seaborne nickel ore volumes climbed by more than 22% year on year to 26.1m tonnes during the second quarter, according to Signal Ocean data. Broker Braemar said nickel …
https://splash247.com/nickel-ore-trade-surges-safety-concerns-mount/
https://splash247.com/nickel-ore-trade-surges-safety-concerns-mount/HD Hyundai Heavy Industries Philippines has launched the first vessel constructed at its Subic shipyard, marking the start of full-scale shipbuilding operations at the revived facility. The Orion Jade, the first of a four-ship order, measures 250 metres long, 42 metres wide and 21 metres deep. Construction began in September 2025 with a steel-cutting ceremony …
https://splash247.com/hd-hyundai-launches-first-ship-from-subic-yard/
https://splash247.com/hd-hyundai-launches-first-ship-from-subic-yard/