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Turkish carrier Akkon Lines is poised to become the country’s largest containerline, capping a remarkable rise in just eight years since its founding, according to Alphaliner. The Istanbul-headquartered company is on the verge of overtaking long-time market leader Arkas Line following the addition of the newly delivered 3,316 teu Ou Sheng, a chartered vessel that …
https://splash247.com/akkon-set-to-become-turkeys-largest-liner/
https://splash247.com/akkon-set-to-become-turkeys-largest-liner/As delegates descend on Switzerland for Geneva Dry next week, the air is thick with anticipation-and a fair amount of regulatory uncertainty. While the high-level panel on decarbonisation, moderated by the World Economic Forum, prepares to tackle the industry’s macroscopic challenges, Yigit Demirel has a more immediate message for the dry bulk sector: don’t ignore …
https://splash247.com/geneva-dry-dialogues-hempel-2/
https://splash247.com/geneva-dry-dialogues-hempel-2/US banking giant JP Morgan is being linked to a fresh push into crude shipping, with multiple brokers pointing to a VLCC newbuilding order worth around $500m at China’s Dalian Shipbuilding Industry Co (DSIC). Market sources say a JP Morgan-backed shipowning platform has signed for two 307,000 dwt newbuilds, with options for two more, at …
https://splash247.com/jp-morgan-tipped-for-500m-vlcc-move-at-dsic/
https://splash247.com/jp-morgan-tipped-for-500m-vlcc-move-at-dsic/The shadow of the 1970s oil embargo has returned to haunt the global economy, but with a modern, more violent twist. In the latest escalation, a Liberia-flagged containership has been left with heavy damage to the bridge after being subjected to gunfire from an Iranian Revolutionary Guard Corps (IRGC) boat. The attack occurred 15 nautical …
https://splash247.com/gunfire-and-gridlock-choke-hormuz/
https://splash247.com/gunfire-and-gridlock-choke-hormuz/British class society Lloyd’s Register has taken a closer look at AI-assisted navigation, completing a live vessel trial of Orca AI’s computer vision platform on a feeder containership operating in busy Mediterranean waters. The five-day assessment focused on how AI can support bridge teams in real conditions, particularly when visibility is poor or traffic is …
https://splash247.com/ai-watchkeeper-put-through-paces-in-mediterranean-trial/
https://splash247.com/ai-watchkeeper-put-through-paces-in-mediterranean-trial/Nicaragua and Equatorial Guinea have been flagged by maritime AI firm Windward as new registers to have recently emerged, taking on shadow tonnage. “False flagging remains one of shipping’s most pressing regulatory concerns,” Windward stated in a recent report. The International Maritime Organization (IMO) database listed 550 falsely flagged ships at the end of Q1, …
Tanker equities are once again flashing warning signs of a sharp reversal, with one of Wall Street’s top tanker analysts drawing parallels to the dramatic “buy the rumour, sell the news” croaking unwind seen during the covid-era floating storage boom. According to Jonathan Chappell at Evercore ISI, investor enthusiasm has surged to levels not seen …
https://splash247.com/tanker-stocks-face-covid-style-reckoning/
https://splash247.com/tanker-stocks-face-covid-style-reckoning/In early April, the U.S. Army Corps of Engineers (USACE) released its navigation work plan for FY2026. The overall plan outlines resources that will be used for dredging, structure maintenance, and other priorities at every port in the United…
https://www.marinelink.com/news/usace-releases-final-fy-great-lakes-538308
https://www.marinelink.com/news/usace-releases-final-fy-great-lakes-538308Singapore has launched OCEANS-X, a new data and application programming interface (API) eXchange platform developed by the Maritime and Port Authority of Singapore (MPA).It enables secure system-to-system connectivity across the maritime ecosystem…
https://www.marinelink.com/news/singapore-launches-oceansx-advance-538309
https://www.marinelink.com/news/singapore-launches-oceansx-advance-538309FRS Clipper has welcomed its new whale watching catamaran Emerald Clipper.The new boat will be Seattle’s only whale watching tour operating from downtown Seattle and will offer two sailings per day during the summer season. The 103-foot catamaran features two expansive…
https://www.marinelink.com/news/whale-watching-catamaran-ready-operation-538310
https://www.marinelink.com/news/whale-watching-catamaran-ready-operation-538310