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New Zealand marine technology company Vessev has announced its expansion into the Australian market, with the Enautic Group set to introduce Vessev's electric hydrofoiling passenger vessels to Western Australia. There are currently only three…
https://www.marinelink.com/news/vessev-expands-australian-market-537170
https://www.marinelink.com/news/vessev-expands-australian-market-537170KVH Industries has announced that, together with MOL Chemical Tankers (MOLCT), they are deploying KVH Link across their in-house managed fleet. MOLCT has contracted MOVIElink, TVlink, MUSIClink, and YOURlink to create a crew content package onboard for their crew.
https://www.marinelink.com/news/kvh-link-deployed-across-mol-chemical-537171
https://www.marinelink.com/news/kvh-link-deployed-across-mol-chemical-537171Bahrain has put forward a draft United Nations Security Council resolution that would authorise countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according…
https://www.marinelink.com/news/bahrain-proposes-force-protect-hormuz-537173
https://www.marinelink.com/news/bahrain-proposes-force-protect-hormuz-537173The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a second session on Monday, falling 0.9% to a near one-week low of 2,037 points. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, decreased by 1.1% to 2,937 points; and the panamax index, ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-near-1-week-low/
https://www.hellenicshippingnews.com/baltic-dry-index-at-near-1-week-low/Recent freight rises have began putting pressure on the bauxite trade. In its latest weekly report, shipbroker Intermodal said that “recent developments in the Guinea bauxite trade are introducing a more complex outlook for the Capesize segment, as the interaction between freight costs, commodity pricing and government policy begins to influence trade flows on one ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-is-bauxite-trade-under-pressure/
https://www.hellenicshippingnews.com/dry-bulk-shipping-is-bauxite-trade-under-pressure/The fourth week of war between Iran and the US/Israeli coalition reaches a critical juncture tonight as Donald Trump’s 48-hour ultimatum to Tehran expires, with the US president threatening to “obliterate” Iranian power plants unless the Strait of Hormuz is fully reopened — a demand Iran has met with a counter-threat of complete, indefinite closure. …
https://splash247.com/iran-signals-possible-indefinite-hormuz-closure/
https://splash247.com/iran-signals-possible-indefinite-hormuz-closure/Taiwanese carrier TS Lines is adding more tonnage to its fleet, signing up for 2,900 teu containerships at China’s Fujian Mawei Shipyard in a deal worth $168.6m. The Hong Kong-listed intra-Asia operator has contracted four firm vessels, with deliveries slated by May 2029, further building out its feeder fleet. The latest order follows a pair …
https://splash247.com/ts-lines-expands-boxship-orderbook-with-168m-mawei-deal/
https://splash247.com/ts-lines-expands-boxship-orderbook-with-168m-mawei-deal/Greek owner Diana Shipping has secured an improved rate for one of its kamsarmax bulkers, extending the deal with Japan’s NYK. The New York-listed company said the 2013-built, 82,131 dwt Myrto will continue on charter at a $16,650 per day, minus a 5% commission, with the new period running from April 7, 2026 through to …
https://splash247.com/diana-secures-improved-kamsarmax-earnings-with-nyk/
https://splash247.com/diana-secures-improved-kamsarmax-earnings-with-nyk/U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wager has only partly paid off. U.S.
https://www.marinelink.com/news/us-oil-shield-starts-showing-cracks-iran-537147
https://www.marinelink.com/news/us-oil-shield-starts-showing-cracks-iran-537147The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday."If it is necessary, of course, we will do it.
https://www.marinelink.com/news/iea-weighs-further-oil-stock-releases-war-537149
https://www.marinelink.com/news/iea-weighs-further-oil-stock-releases-war-537149