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Oil and gas supermajor BP has removed Albert Manifold as chair and director with immediate effect following serious concerns raised with the board about governance standards, oversight and conduct, in the latest leadership shake‑up at the oil major. Manifold was unanimously removed by the board, and Ian Tyler, a BP director, has been appointed interim …
https://splash247.com/bp-ousts-chairman-albert-manifold-over-unacceptable-conduct/
https://splash247.com/bp-ousts-chairman-albert-manifold-over-unacceptable-conduct/Jason Jiang, who spent nine years as chief correspondent at Splash before leaving in 2021, has launched The Carbon Wake, a weekly note aimed at tracking the commercial consequences of shipping’s green transition rather than its headlines. Shanghai-based Jiang says the genesis was a specific frustration with how the transition is typically covered. “A lot …
https://splash247.com/the-carbon-wake-tracking-the-commercial-reality-behind-green-shipping/
https://splash247.com/the-carbon-wake-tracking-the-commercial-reality-behind-green-shipping/Taiwanese logistics group TVL Marine is set to enter the container shipping sector next month with the launch of a new Hong Kong-Taiwan feeder service, joining a growing wave of regional operators expanding into liner trades. The company will deploy a vessel of around 1,000 teu on a weekly loop linking Hong Kong with Keelung, …
https://splash247.com/taiwans-tvl-marine-to-enter-container-shipping-next-month/
https://splash247.com/taiwans-tvl-marine-to-enter-container-shipping-next-month/Chile has approved the long-awaited Puerto Exterior expansion at the Port of San Antonio, paving the way for what is being described as the largest port infrastructure project in the country’s history and a major new gateway for South American container trade. The Valparaíso regional environmental commission unanimously approved the project’s environmental qualification resolution this …
https://splash247.com/chile-approves-massive-4-45bn-san-antonio-port-expansion/
https://splash247.com/chile-approves-massive-4-45bn-san-antonio-port-expansion/The International Maritime Organization and regional maritime security states have voiced alarm over a resurgence of Somali piracy following a series of vessel hijackings in the Gulf of Aden and western Indian Ocean that has left dozens of seafarers being held hostage. In a strongly worded statement, the chair of the Djibouti Code of Conduct/Jeddah …
https://splash247.com/imo-sounds-alarm-over-return-of-somali-piracy/
https://splash247.com/imo-sounds-alarm-over-return-of-somali-piracy/A VLCC linked to Greek tanker operator Olympic Shipping & Management suffered damage from an external explosion off Oman this week, the latest security incident to unsettle commercial shipping around the Strait of Hormuz. The UK Maritime Trade Operations (UKMTO) agency said the master of the Marshall Islands-flagged Olympic Life reported an explosion on the …
https://splash247.com/explosion-damages-vlcc-off-oman/
https://splash247.com/explosion-damages-vlcc-off-oman/The US Federal Maritime Commission (FMC) has secured a $1.9m civil penalty settlement with Danish container shipping giant Maersk over allegations the carrier improperly billed detention charges to third parties in violation of US shipping regulations. According to the FMC, the case centred on allegations that Maersk invoiced companies that were not legally responsible for …
https://splash247.com/fmc-hits-maersk-with-1-9m-penalty-over-detention-billing-practices/
https://splash247.com/fmc-hits-maersk-with-1-9m-penalty-over-detention-billing-practices/Global agricultural trade is continuing to expand, but longer voyage distances, climate disruption and mounting pressure on key shipping routes are beginning to reshape dry bulk markets and support tonne-mile demand for shipowners. New analysis from shipbrokers Ursa, Braemar and Xclusiv points to a combination of record voyage durations, changing grain export patterns and looming …
https://splash247.com/multiple-disruptions-send-agricultural-voyage-durations-to-record-highs/
https://splash247.com/multiple-disruptions-send-agricultural-voyage-durations-to-record-highs/The sustained strength of the container market is prompting shipowners to reach beyond the orderbook for solutions, with plans now underway to convert at least two supramax bulk carriers into cellular container vessels of around 2,500 teu, according to Alphaliner. The vessels earmarked for conversion are Diamond 53 type open-hatch supramaxes, primarily built between 2005 …
https://splash247.com/sold-out-boxship-market-drives-bulk-to-container-conversions/
https://splash247.com/sold-out-boxship-market-drives-bulk-to-container-conversions/The CMA CGM Group has taken delivery of the CMA CGM Notre Dame, a new-generation LNG-powered vessel and the largest container ship currently operating under the French flag. The vessel has begun its maiden commercial voyage in Shanghai, China…
https://www.marinelink.com/news/cma-cgm-takes-delivery-worlds-largest-539624
https://www.marinelink.com/news/cma-cgm-takes-delivery-worlds-largest-539624