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Oman’s Asyad Shipping is continuing its expansion in the dry bulk market, agreeing to acquire two modern baby capesize bulk carriers as it builds scale in larger vessel segments. The Muscat-listed owner said it has struck a deal to purchase two secondhand 100,309 dwt bulkers for a total consideration of about $75.8m, with deliveries expected …
https://splash247.com/asyad-deepens-dry-bulk-push-with-baby-cape-purchases/
https://splash247.com/asyad-deepens-dry-bulk-push-with-baby-cape-purchases/Singapore-based Wealth Holdings is stepping up its investment in the multipurpose vessel sector, placing a fresh order in China for larger tonnage just months after entering the market with its first MPP newbuilding programme. The company’s shipping arm, Wealth Holding Shipping, has teamed up with Hong Kong-based Pusheng Shipping and Nantong Yahua Shipbuilding Group for …
https://splash247.com/wealth-holdings-doubles-down-on-mpp-sector-with-larger-china-newbuilds/
https://splash247.com/wealth-holdings-doubles-down-on-mpp-sector-with-larger-china-newbuilds/New York-listed Greek shipping group Navios Maritime Partners has confirmed its long-rumoured return to the VLCC newbuilding market, unveiling a deal for four supertankers with options that could expand the programme to as many as eight ships. The Angeliki Frangou-led owner said it has agreed to acquire four scrubber-fitted VLCC newbuildings from an unrelated third …
https://splash247.com/navios-partners-details-vlcc-newbuild-programme/
https://splash247.com/navios-partners-details-vlcc-newbuild-programme/The United States has granted a licence to the world’s largest cash buyer of ships to purchase four sanctioned containerships for scrapping, in a decision that could open a legitimate exit route for owners trapped in the shadow fleet. OFAC approved Dubai-headquartered GMS to buy the Yogi, Timon, Rantanplan and Bigli – four vessels linked …
https://splash247.com/ofac-approved-demolition-deal-could-reshape-shadow-fleet-exits/
https://splash247.com/ofac-approved-demolition-deal-could-reshape-shadow-fleet-exits/Russia’s FSB security service says it has foiled what it is calling a terrorist attack after divers discovered magnetic explosive devices attached to the hull of a liquefied petroleum gas tanker that had arrived at the port of Ust-Luga from Antwerp. The Liberia-flagged Arrhenius, managed by UAE-based Maple Mariner Holding, entered Ust-Luga on May 20 …
https://splash247.com/magnetic-mines-found-on-hull-of-lpg-tanker-at-russian-port-of-ust-luga/
https://splash247.com/magnetic-mines-found-on-hull-of-lpg-tanker-at-russian-port-of-ust-luga/A sweeping new Morgan Stanley research report argues that Asia’s energy security crisis is triggering an investment supercycle that will reshape commercial shipping for the rest of the decade, driving tanker orderbooks higher, accelerating shipyard capacity expansion and generating sustained demand across the coal, LNG and crude carrier sectors. The 150-page report suggests the Hormuz …
https://splash247.com/morgan-stanley-predicts-prolonged-vessel-undersupply-across-energy-trades/
https://splash247.com/morgan-stanley-predicts-prolonged-vessel-undersupply-across-energy-trades/A growing chorus of shipbrokers, banks and analysts are warning that the return of the El Niño weather phenomenon later this year could deliver a meaningful boost to shipping markets across multiple sectors, compounding disruptions already in train from the Hormuz crisis and Panama Canal congestion. The trigger is a significant upgrade to El Niño …
https://splash247.com/brokers-see-powerful-el-nino-adding-fuel-to-freight-rally/
https://splash247.com/brokers-see-powerful-el-nino-adding-fuel-to-freight-rally/U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister…
https://www.marinelink.com/news/us-strikes-boats-missile-sites-iran-539578
https://www.marinelink.com/news/us-strikes-boats-missile-sites-iran-539578Brent crude futures rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, keeping markets on edge as a deal to end the war and open up the Strait of Hormuz remained elusive.Brent futures LCOc1 were up $2.36, or 2.5%…
https://www.marinelink.com/news/brent-jumps-us-strikes-iran-rattle-oil-539579
https://www.marinelink.com/news/brent-jumps-us-strikes-iran-rattle-oil-539579Australia's Santos will prioritise LNG and oil growth in three core regions, including Alaska and Papua New Guinea, under a new strategy that also includes reducing net debt by $2.5 billion by 2030."We are now laser-focused on investment in major oil and LNG production across three regions…
https://www.marinelink.com/news/santos-targets-lng-oil-expansion-alaska-539581
https://www.marinelink.com/news/santos-targets-lng-oil-expansion-alaska-539581