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Just three commodity vessels crossed the Strait of Hormuz on Thursday, the fewest daily transits since May, shipping data showed, with most ships halting or making U-turns after recent Iranian attacks on vessels and the resumption of a U.S.
https://www.marinelink.com/news/usiran-attacks-escalation-chokes-hormuz-541304
https://www.marinelink.com/news/usiran-attacks-escalation-chokes-hormuz-541304A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions between Washington and Beijing effectively halted direct shipments, vessel-tracking data showed.However, analysts…
https://www.marinelink.com/news/us-lng-tanker-completes-first-direct-sail-541293
https://www.marinelink.com/news/us-lng-tanker-completes-first-direct-sail-541293Oil prices edged lower on Thursday but held near the highest since mid-June as the Iran war escalated, with Tehran asking Yemen's Houthi movementto be prepared to close the Red Sea oil export route.Brent crude futures were down 19 cents, or 0.2%, to $84.76 a barrel by 11:25 a.m. EDT. U.S.
https://www.marinelink.com/news/oil-prices-dip-slightly-amidst-continued-541294
https://www.marinelink.com/news/oil-prices-dip-slightly-amidst-continued-541294US financial giant JP Morgan has been named as the owner behind Hanwha Ocean’s latest order for two VLCC newbuildings. The South Korean yard disclosed a KRW394.3bn ($265m) contract with an unnamed North American owner, pricing the 320,000 dwt pair at about $132.5m each. Delivery is scheduled by the end of March 2030. Shipbuilding sources …
https://splash247.com/jp-morgan-tied-to-hanwha-vlcc-brace/
https://splash247.com/jp-morgan-tied-to-hanwha-vlcc-brace/Hamburg-listed investment and operating group MPC Capital is set to change its name to MPC Oceanic Group, subject to shareholder approval next month. Shareholders will vote on the proposal at the company’s annual general meeting on August 28. The new name is expected to become legally effective in early September following registration. The rebrand follows …
https://splash247.com/mpc-capital-to-rebrand-as-mpc-oceanic/
https://splash247.com/mpc-capital-to-rebrand-as-mpc-oceanic/Chinese owner Zhejiang Shipping Group has signed up for two ultramax bulk carriers at New Dayang Shipbuilding. The contract is worth RMB519.6m ($77m), or about $38.5m per 64,000 dwt vessel, according to the result of a public tender launched by the owner’s parent, Zhejiang Provincial Transportation Investment Group. The two conventionally fuelled ships will be …
https://splash247.com/zhejiang-shipping-seals-new-dayang-bulker-deal/
https://splash247.com/zhejiang-shipping-seals-new-dayang-bulker-deal/CB&I’s Asset Solutions business has secured a further contract with EnQuest to continue managing the Kittiwake asset in the UK North Sea as duty holder through to cessation of production and decommissioning. The contract expands CB&I’s scope of work beyond late-life asset management to deliver COP and facilitate the platform’s decommissioning. CB&I’s Asset Solutions team …
https://splash247.com/cbi-to-oversee-uk-north-sea-platform-until-final-shutdown/
https://splash247.com/cbi-to-oversee-uk-north-sea-platform-until-final-shutdown/Sweden has approved two offshore wind farms while rejecting 11 others, ending what the country’s ministers called a prolonged period of uncertainty. Sweden has given the green light to Fyrskeppet in the southern Bothnian Sea and Vidar in the northern Skagerrak. Together, the two projects could generate up to 19TWh of electricity per year. The …
https://splash247.com/stockholm-approves-two-offshore-wind-farms-and-blocks-11/
https://splash247.com/stockholm-approves-two-offshore-wind-farms-and-blocks-11/Fewer vessels travelled through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iranian ports with both countries escalating strikes across the Gulf, shipping data showed.Nine vessels crossed the strait on Wednesday…
https://www.marinelink.com/news/hormuz-crossings-decline-us-renews-iran-541268
https://www.marinelink.com/news/hormuz-crossings-decline-us-renews-iran-541268ABB has agreed to acquire UK-based intelligent flow control solutions provider Rotork in a recommended all-cash deal valuing the company at about $5.5 billion, expanding its automation portfolio and strengthening its position in industrial automation.ABB…
https://www.marinelink.com/news/abb-buy-rotork-b-automation-deal-541272
https://www.marinelink.com/news/abb-buy-rotork-b-automation-deal-541272