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Product tanker giant Hafnia has secured a $715m revolving credit line, secured by a fleet of 32 modern vessels and supported by a diverse syndicate of 11 leading international banks. The seven-year facility, which features a highly competitive margin and a 20-year age-adjusted amortisation structure, provides Hafnia with significant liquidity flexibility while simultaneously lowering its …
https://splash247.com/hafnia-seals-715m-credit-line-backed-by-32-ships/
https://splash247.com/hafnia-seals-715m-credit-line-backed-by-32-ships/Icelandic carrier Eimskip has divested one of its cornerstone feeder vessels, Lagarfoss, to Portuguese logistics and maritime group Grupo Sousa. The 875 teu vessel, built in 2014 by Rongcheng Shenfei Shipbuilding, is set to change ownership by September. While financial details of the sale remain confidential, Eimskip confirmed it would recognise a loss of about …
https://splash247.com/eimskip-sells-feeder-vessel-to-portugals-grupo-sousa/
https://splash247.com/eimskip-sells-feeder-vessel-to-portugals-grupo-sousa/Geneva-based Advantage Tankers has returned to South Korea’s Hanwha Ocean with a fresh order for another VLCC newbuilding as part of a growing strategic push into the larger tanker segment. Industry sources report that the Tugrul Tokgoz-led company has declared an option for a third 320,000 dwt unit at the Okpo-based shipyard, bringing its overall …
https://splash247.com/advantage-tankers-bolsters-vlcc-orderbook/
https://splash247.com/advantage-tankers-bolsters-vlcc-orderbook/Greece’s Chartworld Shipping is returning to the newbuilding arena with plans to bolster its container fleet, reportedly lining up a deal for a quartet of 3,100 teu vessels at Chinese builder New Dayang. Athens-based shipbroking sources report that the Kollakis brothers-led diversified owner has signed a letter of intent covering two firm and two optional …
https://splash247.com/chartworld-eyes-new-dayang-boxships/
https://splash247.com/chartworld-eyes-new-dayang-boxships/Maritime agencies Diaplous and Ambrey said on Sunday they had ended their search for the remaining crew of the Eternity C cargo ship that was attacked by Yemen's Houthi militants last week.The decision was made at the request of the vessel's owner…
https://www.marinelink.com/news/search-called-off-crew-missing-eternity-c-527892
https://www.marinelink.com/news/search-called-off-crew-missing-eternity-c-527892US-China trade tensions could impact agricultural trade between the two countries, particularly soybeans, and this growing dispute could strengthen trade ties between Russia and China, according to Edwini Kessie, director of the Agriculture and Commodities division at the World Trade Organization. China is one of the world’s largest feed importers, mainly buying from the US ...
https://www.hellenicshippingnews.com/us-soybean-exports-to-china-at-risk-amid-lingering-trade-tensions-wto-official/Capesize The Capesize market reflected a cautiously optimistic tone this week, with firm activity in the Pacific and a gradually improving Atlantic. The Pacific was active throughout, with all three major miners eventually engaging the market. C5 rates softened steadily from early-week highs of $7.60 to $7.35–$7.45 by midweek, although sentiment turned sharply more bullish ...
https://www.hellenicshippingnews.com/dry-bulk-market-cautious-optimism-for-the-capesize-market/
https://www.hellenicshippingnews.com/dry-bulk-market-cautious-optimism-for-the-capesize-market/Hydrogen fuel cell power plants for ships face the challenge of hydrogen’s low volumetric energy density at normal temperature and pressure and its low electricity-to-electricity energy conversion efficiency compared to batteries.The justification for persevering with hydrogen as a marine fuel…
https://www.marinelink.com/news/persevering-hydrogen-a-maritime-fuel-527852
https://www.marinelink.com/news/persevering-hydrogen-a-maritime-fuel-527852Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks this week by the militia.The…
https://www.marinelink.com/news/ships-seek-avoid-red-sea-attacks-messages-527873
https://www.marinelink.com/news/ships-seek-avoid-red-sea-attacks-messages-527873Inland waterways freight shipping on the river Mosel in western Germany is back to normal with ships able to use a damaged lock for sailings in both directions on the river, navigation authorities said on Friday.Shipping was stopped on the river…
https://www.marinelink.com/news/inland-freight-shipping-mosel-river-527874
https://www.marinelink.com/news/inland-freight-shipping-mosel-river-527874