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A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said.The unusual movement highlights the redrawing of trade flows and shipping routes as the Iran war has cut off supplies of Middle Eastern crude.
https://www.marinelink.com/news/oil-us-emergency-reserve-heads-california-539675
https://www.marinelink.com/news/oil-us-emergency-reserve-heads-california-539675Québec-based Davie and UK-based Kraken Technology Group have announced a strategic collaboration to establish Canadian production, integration and development of Kraken’s autonomous solutions.Davie will provide Canadian capacity and capability to produce…
https://www.marinelink.com/news/davie-kraken-team-autonomous-vessels-539676
https://www.marinelink.com/news/davie-kraken-team-autonomous-vessels-539676Last weekend, the container ship Eco Levant, operated by X-Press Feeders, was bunkered with ethanol in the port of Rotterdam. It is one of the first times worldwide, and the first time in Rotterdam, that a bunker vessel supplied ethanol to a…
https://www.marinelink.com/news/first-ethanol-bunkering-rotterdam-port-539678
https://www.marinelink.com/news/first-ethanol-bunkering-rotterdam-port-539678The U.S. military carried out new strikes overnight in Iran targeting a military site that officials believed posed a threat to U.S. forces and commercial maritime traffic in the Strait of Hormuz, a U.S. official told Reuters on Wednesday.The official…
https://www.marinelink.com/news/us-carries-new-strikes-iran-539680
https://www.marinelink.com/news/us-carries-new-strikes-iran-539680Two supertankers and one liquefied natural gas (LNG) tanker exited the Strait of Hormuz earlier this week with their transponders switched off, and are heading for India and China, shipping data from LSEG and Kpler showed.The vessels joined a number of tankers leaving the Gulf this month…
https://www.marinelink.com/news/three-oil-lng-tankers-exit-hormuz-539682
https://www.marinelink.com/news/three-oil-lng-tankers-exit-hormuz-539682Oil prices jumped more than 2% on Thursday after Iran's Revolutionary Guards said they targeted a U.S. airbase in response to a U.S. attack in the port city of Bandar Abbas.Brent crude futures LCOc1 rose $2.34, or 2.48%, to $96.63 a barrel by 0701 GMT…
https://www.marinelink.com/news/oil-shoots-iran-us-exchange-air-strikes-539683
https://www.marinelink.com/news/oil-shoots-iran-us-exchange-air-strikes-539683Greek dry bulk owner Safe Bulkers has cleared the final regulatory hurdles for a dual listing of its shares on Euronext Athens, marking another step in the company’s effort to broaden its access to European investors. The New York-listed company said Euronext Athens confirmed that all listing requirements for the admission of its common shares …
https://splash247.com/safe-bulkers-expands-investor-reach-with-athens-listing/
https://splash247.com/safe-bulkers-expands-investor-reach-with-athens-listing/A major new study commissioned by transport unions has laid bare what researchers describe as a deep labour rights gap between Europe’s sea workers and land-based employees, with seafarers continuing to face excessive working hours, fatigue risks and weaker legal protections than workers in most other industries. The report, titled Charting the Distinct Rights of …
https://splash247.com/maritime-crews-left-behind-by-eu-labour-protections-new-study-warns/
https://splash247.com/maritime-crews-left-behind-by-eu-labour-protections-new-study-warns/An expedited High Court trial has been scheduled for October 26 in London in the growing legal battle between commodity trader Mercuria Energy Group and the Baltic Exchange over the TD3C VLCC benchmark, a case that could have major consequences for tanker freight markets and shipping derivatives. The 15-day trial was fast-tracked by High Court …
https://splash247.com/mercuria-and-baltic-exchange-set-for-fast-tracked-hormuz-benchmark-showdown/
https://splash247.com/mercuria-and-baltic-exchange-set-for-fast-tracked-hormuz-benchmark-showdown/New York-listed owner Scorpio Tankers is reshaping its fleet and balance sheet with a package of vessel sales, newbuilding plans and debt repayments. The Emanuele Lauro-led company said it has agreed to sell four LR2 product tankers for a combined $285.8m while also signing a letter of intent for two scrubber-fitted MR newbuildings in China. …
https://splash247.com/scorpio-tankers-offloads-four-lr2s-and-lines-up-fresh-mr-newbuilds/
https://splash247.com/scorpio-tankers-offloads-four-lr2s-and-lines-up-fresh-mr-newbuilds/