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A new shipping venture from the Prokopiou clan in Greece has emerged with brokers reporting a first LR1 purchase. Marielena Procopiou, the daughter of Greek tycoon George Prokopiou, is behind a new shipowning outfit named Akrotiri Tankers. The company quietly made its first purchase in May, adding the 2008-built, 77,000 dwt Hafnia Thames from Hafnia. The ship …
https://splash247.com/new-prokopiou-tanker-venture-emerges/
https://splash247.com/new-prokopiou-tanker-venture-emerges/Crowley and SEACOR Holdings have officially launched Fairwater Holdings, combining the pair’s American petroleum and chemical tanker fleets. Fairwater is active in all major Jones Act coastwise tank vessel trades. The fleet consists of 31 owned vessels, including medium-range product tankers, Aframaxes and articulated tug-barges (ATBs). Fairwater also provides shipmanagement services for 20 third-party owned …
https://splash247.com/new-jones-act-shipping-firm-launches/
https://splash247.com/new-jones-act-shipping-firm-launches/The International Chamber of Shipping (ICS) has launched a new report identifying global hydrogen demand to 2050, with South Korea, Japan and Europe being the first markets for hydrogen. The report highlights that to meet just 30m tonnes of annual global green hydrogen demand, the world would require up to 411 new hydrogen vessels – …
https://splash247.com/ics-report-predicts-more-than-400-hydrogen-carriers-will-be-needed-by-2050/
https://splash247.com/ics-report-predicts-more-than-400-hydrogen-carriers-will-be-needed-by-2050/The 2020s have marked a period of unprecedented disruption for liner shipping, which in turn has created the conditions for the greatest earnings the sector has ever recorded. Quantifying how this disruption – whether it be covid, the drought in Panama, or the Red Sea shipping crisis – equates to freight rates increasing has hitherto …
https://splash247.com/world-bank-deciphers-the-correlation-between-disruption-and-increasing-box-rates/
https://splash247.com/world-bank-deciphers-the-correlation-between-disruption-and-increasing-box-rates/The BIMCO Dry Bulk Shipping Market Overview & Outlook July 2024 by Niels Rasmussen, BIMCO’s Chief Shipping Analyst, anticipates that the supply/demand balance will strengthen in 2024 but weaken in 2025.Supply is estimated to grow by 3-4% in 2024 and 1.5-2.5% in 2025…
https://www.marinelink.com/news/bimco-strong-bulk-market-may-cool-nears-515632
https://www.marinelink.com/news/bimco-strong-bulk-market-may-cool-nears-515632Seatrium Limited returned to profitability in the half year ended 2024, the first time since its formation in 2023.Seatrium recorded a revenue of S$4.0 billion for 1H2024, a notable 39% growth from S$2.9 billion for 1H2023, mainly due to progressive…
https://www.marinelink.com/news/seatrium-back-black-515634
https://www.marinelink.com/news/seatrium-back-black-515634The Member Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on Crew Wages and Seafarer Employment Agreements (MLC, 2006) from September 1.The…
https://www.marinelink.com/news/paris-tokyo-mous-commence-crew-wages-cic-515635
https://www.marinelink.com/news/paris-tokyo-mous-commence-crew-wages-cic-515635The International Chamber of Shipping (ICS) has launched a new report identifying that heavy Industry sector are expected to dominate global hydrogen demand to 2050, with South Korea, Japan and Europe being the first markets for hydrogen.The…
https://www.marinelink.com/news/report-predicts-need-hydrogen-carriers-515636
https://www.marinelink.com/news/report-predicts-need-hydrogen-carriers-515636The Oil Companies International Marine Forum (OCIMF) has appointed bp’s Senior Vice President Shipping Lambros Klaoudatos as its new Chair. Lambros takes over the position from Nick Potter, who has been involved with OCIMF at board level since…
https://www.marinelink.com/news/ocimf-appoints-bps-klaoudatos-new-chair-515616
https://www.marinelink.com/news/ocimf-appoints-bps-klaoudatos-new-chair-515616Japan is seeking the extradition of a U.S.-Canadian anti-whaling activist, who has been held in custody in Greenland since July 21, Danish and Japanese authorities said on Thursday.Denmark has previously said Japan was seeking Paul Watson -…
https://www.marinelink.com/news/japan-seeks-extradition-antiwhaling-515617
https://www.marinelink.com/news/japan-seeks-extradition-antiwhaling-515617