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With no end in sight to the Hormuz shipping crisis, governments and corporates across the Middle East and beyond are accelerating a fundamental redrawing of global trade corridors, as the International Energy Agency warns the disruption has already surpassed the oil shocks of the 1970s in scale. The latest move came on Tuesday, when AD …
https://splash247.com/the-race-to-redraw-the-middle-easts-trade-map-accelerates/
https://splash247.com/the-race-to-redraw-the-middle-easts-trade-map-accelerates/Thenamaris has moved ahead with another round of tanker fleet renewal, booking three LR2 newbuildings at Hengli Heavy Industries as the Greek owner continues to expand its presence in the product tanker segment. The Chinese shipbuilder disclosed the deal through social media, although no pricing or delivery dates were revealed. The latest order adds to …
https://splash247.com/thenamaris-signs-up-for-lr2-tonnage-at-hengli/
https://splash247.com/thenamaris-signs-up-for-lr2-tonnage-at-hengli/As maritime companies rush to deploy artificial intelligence across chartering, operations, compliance and commercial workflows, a new report from Veson Nautical argues that the industry’s real challenge is no longer whether to invest in AI, but whether the underlying foundations are strong enough to support it. The report, Maritime AI Foundation, frames the issue around …
https://splash247.com/five-questions-worth-asking-about-your-ai-foundation/
https://splash247.com/five-questions-worth-asking-about-your-ai-foundation/WinGD has secured the world’s first orders for ethanol-fuelled engines designed for ocean-going vessels, marking another step in shipping’s search for lower-emission fuel options. The Swiss engine designer said its new ethanol-fuelled X-DF-M/E engines will power two Guaibamax ore carriers being built in China for Shandong Shipping Corporation under long-term charter to Brazilian mining giant …
https://splash247.com/wingd-pushes-alternative-fuel-race-forward-with-ethanol-engine-debut/
https://splash247.com/wingd-pushes-alternative-fuel-race-forward-with-ethanol-engine-debut/The European Commission is preparing to restrict access to goods that Russia could use to make military equipment, such as Irish‑produced alumina, that may be indirectly feeding the Russian war machine. An investigation, carried out by The Irish Times in collaboration with the Organised Crime and Corruption Reporting Project, found that the Aughinish Alumina plant has been …
https://splash247.com/eu-ready-to-crack-down-on-irish-shipments-of-alumina-being-sent-to-russia/
https://splash247.com/eu-ready-to-crack-down-on-irish-shipments-of-alumina-being-sent-to-russia/The chief executive of NextEra Energy said on Monday that his company felt good about Dominion's investment in offshore wind, a technology he has disparaged in the past.CEO John Ketchum made the remarks on a call with investors to discuss NextEra's $66.8 billion bid for Dominion…
https://www.marinelink.com/news/nextera-ceo-positive-dominion-offshore-539328
https://www.marinelink.com/news/nextera-ceo-positive-dominion-offshore-539328The organisers of a flotilla of aid vessels bound for Gaza said on Monday that Israeli forces had intercepted 39 of their boats in the eastern Mediterranean, while the remaining ships were continuing to sail toward the enclave.Earlier on Monday…
https://www.marinelink.com/news/gaza-aid-flotilla-says-israeli-forces-539329
https://www.marinelink.com/news/gaza-aid-flotilla-says-israeli-forces-539329Japanese maritime academic and former seafarer Professor Momoko Kitada has been awarded the International Maritime Organization’s Gender Equality Award 2026. The award was presented by IMO Secretary-General Arsenio Dominguez during a ceremony…
https://www.marinelink.com/news/professor-momoko-kitada-receives-imo-539331
https://www.marinelink.com/news/professor-momoko-kitada-receives-imo-539331Tanker resale prices are hitting extraordinary levels as buyers scramble for prompt tonnage in one of the hottest crude shipping markets in years, with traditional asset valuation models effectively breaking down. Fresh sales reported by Clarksons Research on Friday underline the extent of the surge. Trafigura has acquired the scrubber-fitted VLCC resale newbuilding Las Palmas …
https://splash247.com/tanker-resale-frenzy-sends-prices-skywards/
https://splash247.com/tanker-resale-frenzy-sends-prices-skywards/The iron ore session at last month’s Geneva Dry conference ended up being far more than a discussion about ore flows and freight rates. In the space of an hour, the panel veered from bunker shortages and Chinese stockpiling to de-dollarisation, geopolitical fragmentation and warnings that the world is entering its biggest industrial shift since …
https://splash247.com/geneva-dry-iron-ore-panel-lays-out-a-bullish-chaotic-future-for-capes/
https://splash247.com/geneva-dry-iron-ore-panel-lays-out-a-bullish-chaotic-future-for-capes/