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The Trump administration is authorising the sale of sanctioned oil tankers to approved investors who would refurbish the vessels and return them to legitimate crude trades, US energy secretary Chris Wright revealed yesterday, as Washington scrambles to contain soaring freight costs amid the Hormuz crisis. Speaking at a Citadel Securities event in New York, Wright …
https://splash247.com/us-moves-to-legitimise-shadow-tanker-fleet/
https://splash247.com/us-moves-to-legitimise-shadow-tanker-fleet/India’s Transworld Shipping Lines has returned to the secondhand dry bulk market, agreeing to acquire a supramax carrier for $16.5m as it continues reshaping its fleet. The Navi Mumbai-based owner has struck a deal to purchase the 2011-built, 55,648 dwt Saltwind Explorer, according to a filing with the National Stock Exchange of India. The company …
https://splash247.com/transworld-adds-supramax-in-fresh-fleet-move/
https://splash247.com/transworld-adds-supramax-in-fresh-fleet-move/Singapore-based Eastern Pacific Shipping (EPS) has secured financing for wind-assisted propulsion systems on two vessels through a fund linking repayments to independently verified fuel savings. The Fund for Energy Efficiency Technologies (FEET), managed by AIM Horizon Investments with the Global Centre for Maritime Decarbonisation (GCMD) as decarbonisation adviser, is making its first deployment with the …
https://splash247.com/eastern-pacific-links-wind-propulsion-repayments-to-fuel-savings/
https://splash247.com/eastern-pacific-links-wind-propulsion-repayments-to-fuel-savings/Shipping has spent years tightening voyage costs, bunker procurement and commercial port expenses, but one sizeable part of the bill remains comparatively untouched: husbandry. For Antonis Malaxianakis, founder and CEO of Athens-based port cost management platform HarborLab, that blind spot is particularly evident around bunkering, crew changes and stores, where technical departments can still be …
https://splash247.com/harborlab-why-shippings-husbandry-bills-are-still-stuck-in-excel/
https://splash247.com/harborlab-why-shippings-husbandry-bills-are-still-stuck-in-excel/Interferry, the global trade association representing the ferry shipping industry, is raising concerns over the current state of EU Emissions Trading System (ETS) negotiations and the persistent regulatory imbalance unfairly penalizing maritime transport.
https://www.marinelink.com/news/interferry-concerned-eu-emission-reg-543794
https://www.marinelink.com/news/interferry-concerned-eu-emission-reg-543794Finnish marine propulsion provider Steerprop has secured a contract with Karstensens Skibsværft to supply a complete ice-class propulsion package for a Multi-Role Environmental Vessel being built for the Royal Danish Navy.The vessel is one of…
https://www.marinelink.com/news/steerprop-provide-iceclass-propulsion-543795
https://www.marinelink.com/news/steerprop-provide-iceclass-propulsion-543795Sanmar Shipyards has delivered a new escort tug to the Greek joint venture SVS, comprising Vernicos Scafi, Spanopoulos and Lyboussakis, as part of its ongoing relationship with Med Tugs. The tug will operate at the Port of Piraeus, providing…
https://www.marinelink.com/news/sanmar-shipyards-delivers-new-escort-tug-543797
https://www.marinelink.com/news/sanmar-shipyards-delivers-new-escort-tug-543797Fairbanks Morse Defense (FMD) broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce complex and powerful naval propulsion…
https://www.marinelink.com/news/fairbanks-morse-defense-breaks-ground-new-543798
https://www.marinelink.com/news/fairbanks-morse-defense-breaks-ground-new-543798The European Union on Tuesday presented a new Arctic strategy reflecting the region’s importance to security, with pledges to boost satellite surveillance, increase monitoring of undersea cables and help EU members buy icebreakers.The Arctic is of growing interest to major powers including the US…
https://www.marinelink.com/news/european-union-unveils-new-arctic-543799
https://www.marinelink.com/news/european-union-unveils-new-arctic-543799Russian diesel cargoes are returning to their traditional destinations after the US suspended sanctions and secured the lifting of an export ban, with at least two tankers signalling trips to Turkey and Brazil in recent days, according to shipping data…
https://www.marinelink.com/news/russian-diesel-cargoes-continue-intended-543800
https://www.marinelink.com/news/russian-diesel-cargoes-continue-intended-543800