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Diana Shipping has raised the prospect of cutting its $27.34-per-share takeover proposal for Genco Shipping & Trading after claiming the US-listed owner’s fleet has shed $50m in value since early June. The Athens-based owner cited VesselsValue data placing Genco’s 43-ship fleet at $1.433bn on July 28, down 3.4% from a peak of $1.483bn in early …
https://splash247.com/diana-turns-valuation-screw-on-genco/
https://splash247.com/diana-turns-valuation-screw-on-genco/Tuesday saw Yemen’s Houthis target a fourth Saudi-linked tanker since declaring a blockade of the kingdom’s ports, maintaining pressure on the Red Sea oil route despite a partial recovery in traffic through Bab el-Mandeb. The group said it fired ballistic missiles at the 49,990 dwt chemical and products tanker NCC Ghazal for ignoring warnings and …
https://splash247.com/houthis-keep-up-pressure-on-saudi-shipping/
https://splash247.com/houthis-keep-up-pressure-on-saudi-shipping/Iran and the United States have resumed attacks, ending a lull and injecting fresh uncertainty into shipping through the Strait of Hormuz. US Central Command said Iran launched multiple ballistic missiles in a surprise attack on American forces on Tuesday, with all projectiles intercepted. Jordan said its air defences destroyed five Iranian missiles. US and …
https://splash247.com/us-iran-attacks-resume/
https://splash247.com/us-iran-attacks-resume/Ukraine claims its drones have struck 201 Russian-linked ships in just over three weeks, an extraordinary tally that has pushed Moscow towards arming grain carriers and further blurred the distinction between merchant shipping and military operations in the Black Sea. Robert Brovdi, commander of Ukraine’s Unmanned Systems Forces, said Operation MoLoChKa had hit 129 vessels …
https://splash247.com/drone-war-pushes-russia-to-weaponise-commercial-shipping/
https://splash247.com/drone-war-pushes-russia-to-weaponise-commercial-shipping/COSCO Shipping Heavy Industry is moving ahead with plans for an RMB8bn ($1.1bn) shipbuilding base in Tianjin featuring two VLCC-scale drydocks, adding another significant block of capacity to China’s rapidly expanding shipbuilding industry. New environmental filings show the greenfield yard will occupy 145.9 hectares in Tianjin’s Lingang Economic Area and use around 1,736 m of …
https://splash247.com/cosco-plots-1-1bn-tianjin-mega-yard/
https://splash247.com/cosco-plots-1-1bn-tianjin-mega-yard/Eyal Ofer’s Zodiac Maritime has been linked to an order for eight 6,400 teu containerships at China’s Hengli Heavy Industry, extending a boxship newbuilding drive now worth more than $1.6bn. Brokers price the vessels at around $80m each, putting the total investment at $640m. Deliveries are scheduled across 2028 and 2029. The London-based owner and …
https://splash247.com/zodiac-secures-early-hengli-slots-for-boxship-series/
https://splash247.com/zodiac-secures-early-hengli-slots-for-boxship-series/The Baltic Dry Index fell 1.2% to 2,664 on Tuesday, reaching its lowest level since July 2. The Capesize Index, which typically tracks vessels transporting 150,000-ton cargoes such as iron ore and coal, declined 1.4% to 4,140, its lowest level since July 22. The Panamax Index, which generally measures vessels carrying 60,000 to 70,000 tons ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-further-on-tuesday/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-further-on-tuesday/Kyiv’s reported weekend attack on an Iranian vessel accused of carrying military cargo to Russia has removed another basin shipowners assumed was untouchable — and hardwired the Ukraine and Middle East theatres together in a way war risk underwriters are not structured to price. Until the weekend, the Caspian was the quiet leg. Landlocked, closed …
https://splash247.com/cheap-drones-redraw-shippings-war-risk-map/
https://splash247.com/cheap-drones-redraw-shippings-war-risk-map/Offshore Energies UK has called on the government to accelerate consent for the Rosebank and Jackdaw developments, arguing that the two projects are critical to domestic energy supply, investment and employment. The trade body made the case in response to public consultations covering both projects. The Jackdaw consultation runs until August 10 while the Rosebank …
https://splash247.com/industry-body-seeks-green-light-for-two-major-uk-energy-projects/
https://splash247.com/industry-body-seeks-green-light-for-two-major-uk-energy-projects/Romania’s government has published a draft decision identifying 11 offshore wind concession areas in the Black Sea with a combined potential capacity of 11.5GW. The first phase covers three fixed-bottom sites with a combined capacity of 3.1GW. These areas are intended to support the government’s target of installing 3GW of offshore wind by 2035 under …
https://splash247.com/romania-maps-out-11-5gw-black-sea-offshore-wind-pipeline/
https://splash247.com/romania-maps-out-11-5gw-black-sea-offshore-wind-pipeline/