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Tankers carrying Saudi crude as well as a Chinese car carrier have turned back in the Red Sea over the past 24 hours after Yemen’s Houthis declared a naval blockade on Saudi Arabia, threatening the fallback export route the kingdom has relied on since the Strait of Hormuz became too dangerous to use. Asian refiners …
https://splash247.com/houthi-threat-tightens-saudi-oil-pincer/
https://splash247.com/houthi-threat-tightens-saudi-oil-pincer/The 4,310 ceu Chang Sheng Hong was sold at auction on Tuesday for around $42m, according to sources, an exceptionally high price for a 26-year-old midsize PCTC. The Shanghai United Assets and Equity Exchange had marketed the China-flagged vessel with a reserve price of RMB95m ($14m), meaning the winning bid came in at roughly three …
https://splash247.com/2000-built-car-carrier-fetches-42m-at-auction/
https://splash247.com/2000-built-car-carrier-fetches-42m-at-auction/Greek owner Evalend Shipping has been named as the buyer behind a three-plus-one newcastlemax order at China’s Dajin Heavy Industry worth up to $310m. The yard identified the counterparty only as a Greek owner with interests across the tanker and gas carrier sectors. Shipbroking and market sources have linked the deal to the Kriton Lendoudis-led …
https://splash247.com/evalend-raises-dry-bulk-bet-with-newcastlemax-series/
https://splash247.com/evalend-raises-dry-bulk-bet-with-newcastlemax-series/The Joint Maritime Information Centre now counts 14 Iranian attacks on commercial ships since June 25, underlining the rapid deterioration in security following the collapse of the US-Iran memorandum of understanding. Arrow Shipbroking said tanker movements had fallen sharply over the past week. Outbound traffic through Hormuz averaged just four tankers a day, while inbound …
https://splash247.com/direct-hits-push-hormuz-tanker-traffic-to-new-lows/
https://splash247.com/direct-hits-push-hormuz-tanker-traffic-to-new-lows/The Panama Canal Authority is cutting daily booking capacity as concerns grow that a developing El Niño weather pattern could once again squeeze water supplies and disrupt one of global shipping’s most important chokepoints. From July 25, auctions for close-in “Period 3” transit slots covering regular and super Panamax vessels will be suspended until further …
https://splash247.com/panama-canal-trims-booking-slots/
https://splash247.com/panama-canal-trims-booking-slots/Two tankers carrying Saudi crude and a third due to load at Yanbu have reversed course following Houthi threats against ships calling at the kingdom’s ports. The COSCO Shipping-managed VLCC Xin Long Yang, carrying around 2m barrels for China, and Dynacom-managed aframax Rodos, loaded with about 700,000 barrels for India, turned north in the Red …
https://splash247.com/tankers-turn-back-after-houthi-threat-to-saudi-shipping/
https://splash247.com/tankers-turn-back-after-houthi-threat-to-saudi-shipping/Hepburn and Sons LLC’s plans to invest $18 million in constructing a three-story, approximately 27,000 square foot corporate headquarters adjacent to NOVA LIVE in Innovation Park, which will support 80 new high-quality jobs. The BOCS approved…
https://www.marinelink.com/news/hepburn-sons-invest-m-corporate-541381
https://www.marinelink.com/news/hepburn-sons-invest-m-corporate-541381The Wing Group announced that President and CEO Andrew Branagh has been appointed to serve on the U.S. Department of Commerce's Industry Trade Advisory Committee on Small Business (ITAC 9). His four-year term became effective on July 16, 2026.As a member of ITAC 9…
https://www.marinelink.com/news/wing-group-ceo-andrew-branagh-joins-us-541383
https://www.marinelink.com/news/wing-group-ceo-andrew-branagh-joins-us-541383Yemen's Iran-aligned Houthi militia told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.The Houthis on Monday declared a naval blockade against Saudi Arabia…
https://www.marinelink.com/news/houthis-threaten-targeted-attacks-541384
https://www.marinelink.com/news/houthis-threaten-targeted-attacks-541384Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints.The diversions came as U.S.
https://www.marinelink.com/news/two-saudi-crude-tankers-turn-around-541385
https://www.marinelink.com/news/two-saudi-crude-tankers-turn-around-541385