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The sale and purchase market continued to firm this week, with asset prices for large bulkers pushing higher despite geopolitical tensions. Demand for capesize tonnage remains strong, with brokers reporting a few deals per week. All eyes have been on the sale of a Japanese-built bulker after owners invited offers earlier this month for the …
https://splash247.com/japanese-built-cape-prices-jump-15-in-two-months/
https://splash247.com/japanese-built-cape-prices-jump-15-in-two-months/The takeover battle between dry bulk players Genco Shipping & Trading and Diana Shipping is stepping up, with the US-based owner urging shareholders to ignore its rival’s advances and back the current board. In a fresh letter to investors, New York-listed Genco doubled down on its rejection of Diana’s $23.50-per-share offer, calling it inadequate and …
https://splash247.com/genco-warns-shareholders-over-diana-proxy-push/
https://splash247.com/genco-warns-shareholders-over-diana-proxy-push/Satellite imagery is confirming severe damage to Russia’s prime energy exporting ports, as Ukraine’s Baltic bombardment campaign continues for an eighth day. Ust-Luga port was attacked for the third time last night in the space of just over a week, with Ukrainian drones mounting a massive campaign against Russian ports and refineries in the Baltic …
https://splash247.com/satellite-images-show-ukraine-strikes-cripple-russian-baltic-export-capacity/
https://splash247.com/satellite-images-show-ukraine-strikes-cripple-russian-baltic-export-capacity/Scorpio Tankers is continuing to cash in on firm secondhand prices, lining up the sale of two more MR product tankers as part of an ongoing fleet reshuffle. The New York-listed owner has agreed to sell the 2015-built, scrubber-fitted STI Brooklyn and STI Black Hawk for $35m each, with delivery expected in the second quarter …
https://splash247.com/scorpio-tankers-pockets-70m-from-fresh-mr-sales/
https://splash247.com/scorpio-tankers-pockets-70m-from-fresh-mr-sales/China Merchants Energy Shipping (CMES) has moved to further expand its crude tanker fleet, lining up 10 very large crude carriers (VLCCs) at Dalian Shipbuilding Industry Co (DSIC). The Shanghai-listed owner has placed the order through its Hong Kong-based subsidiary Associated Maritime Co, adding another large batch of tonnage to an already active newbuilding programme. …
https://splash247.com/china-merchants-energy-stacks-orderbook-with-10-ship-vlcc-series/
https://splash247.com/china-merchants-energy-stacks-orderbook-with-10-ship-vlcc-series/Iran attacked a fully-loaded crude oil tanker at Dubai Port's anchorage on Monday, setting it ablaze and damaging its hull, Kuwait's state news agency reported, citing Kuwait Petroleum Corp, which warned of a possible oil spill.The apparent…
https://www.marinelink.com/news/kuwaiti-tanker-ablaze-dubai-port-537512
https://www.marinelink.com/news/kuwaiti-tanker-ablaze-dubai-port-537512Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia…
https://www.marinelink.com/news/gas-majors-oppose-australia-lng-windfall-537513
https://www.marinelink.com/news/gas-majors-oppose-australia-lng-windfall-537513Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U.S.
https://www.marinelink.com/news/uks-wind-output-surge-softens-blow-global-537514
https://www.marinelink.com/news/uks-wind-output-surge-softens-blow-global-537514Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia, said the two LNG processing train
https://www.marinelink.com/news/chevrons-wheatstone-lng-plant-remains-537516
https://www.marinelink.com/news/chevrons-wheatstone-lng-plant-remains-537516Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war by launching their first attacks on Israel.Brent futures rose 66 cents or 0.6% to $113.23 a barrel at 1031 am ET (1431 GMT) after settling 4.2% higher on Friday. U.S.
https://www.marinelink.com/news/brent-oil-prices-monthly-rise-houthi-537497
https://www.marinelink.com/news/brent-oil-prices-monthly-rise-houthi-537497