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Oil prices fell on Thursday after sharp gains in the previous session as market participants assessed a U.S. decision to move personnel from the Middle East ahead of talks with Iran over that country's nuclear-related activity.Brent crude futures were down $1.02…
https://www.marinelink.com/news/oil-prices-fall-recent-highs-amidst-526792
https://www.marinelink.com/news/oil-prices-fall-recent-highs-amidst-526792A Taiwanese court sentenced the Chinese captain of a ship to three years in jail on Thursday after finding him guilty of intentionally damaging undersea cables off the island in February, in a case that alarmed Taiwan officials.Prosecutors said the man was captain of the Chinese-crewed Hong Tai 58,
https://www.marinelink.com/news/taiwan-sentences-chinese-ship-captain-526796
https://www.marinelink.com/news/taiwan-sentences-chinese-ship-captain-526796Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.G7 country leaders are due…
https://www.marinelink.com/news/g-members-ready-lower-russian-oil-price-526798
https://www.marinelink.com/news/g-members-ready-lower-russian-oil-price-526798A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said.Better…
https://www.marinelink.com/news/edhec-launches-ratings-estimate-climate-526800
https://www.marinelink.com/news/edhec-launches-ratings-estimate-climate-526800Iron ore futures prices slid on Thursday as investors awaited more details on the trade talks between the U.S. and China even as U.S. President Donald Trump struck a positive note. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed the daytime trade 0.21% lower at 704 yuan ($98.05) a ...
https://www.hellenicshippingnews.com/iron-ore-dips-as-market-awaits-clarity-on-sino-us-trade-talk-progress/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, extended gains to scale a more than eight-month peak due to higher rates across both large and small vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 166 points, or 9.6%, ...
https://www.hellenicshippingnews.com/baltic-index-extends-gains-to-more-than-eight-month-high/
https://www.hellenicshippingnews.com/baltic-index-extends-gains-to-more-than-eight-month-high/Dry bulk ship acquisitions have been on the rise over the course of the past week, with more being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the Bulk sector undisclosed buyers were behind the purchase of the Kamsarmax AOM SOPHIE II 82,000 dwt 2020 Japanese built sold at mid-$31 mln. ...
https://www.hellenicshippingnews.com/dry-bulk-ship-purchases-on-the-rise-again/
https://www.hellenicshippingnews.com/dry-bulk-ship-purchases-on-the-rise-again/Davie, a leader in icebreaker and specialized vessel construction, announced plans to acquire shipbuilding assets in Galveston and Port Arthur from Gulf Copper & Manufacturing Corporation — marking a major step toward revitalizing large-scale shipbuilding of icebreakers in the United States.
https://www.marinelink.com/news/davie-acquisition-texas-shipyards-fast-526773
https://www.marinelink.com/news/davie-acquisition-texas-shipyards-fast-526773All 23 crewmembers aboard the Panama-flagged bulk carrier Run Fun 3 have been rescued after abandoning their sinking ship in the Indian Ocean. The 172-m-long ship, built in 1997, departed Singapore and was sailing towards Togo when it began sinking due to an unknown cause of cargo hold flooding. The crew—21 Vietnamese and two Myanmar …
https://splash247.com/crew-rescued-from-sinking-bulker-in-indian-ocean/
https://splash247.com/crew-rescued-from-sinking-bulker-in-indian-ocean/A court in Taiwan has sentenced a Chinese national, identified only as Captain Wang, to three years in prison for intentionally damaging an undersea communication cable connecting Taiwan’s main island to the Penghu archipelago. This verdict marks the first conviction related to the severing of Taiwan’s critical undersea infrastructure. On February 25, 2025, the Togolese-flagged …
https://splash247.com/chinese-master-jailed-for-damaging-taiwanese-undersea-cable/
https://splash247.com/chinese-master-jailed-for-damaging-taiwanese-undersea-cable/