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France is deploying about a dozen naval vessels, including its aircraft carrier strike group, to the Mediterranean, Red Sea and potentially the Strait of Hormuz as part of defensive support to allies threatened by the conflict in the Middle…
https://www.marinelink.com/news/france-deploy-aircraft-carrier-strike-536734
https://www.marinelink.com/news/france-deploy-aircraft-carrier-strike-536734On March 9, Chief Mate Ali Albokhari’s 30-year sentence was upheld by the Supreme Court in Turkey.Albokhari was arrested in 2023 while working on the Panama-flagged Phoenician M after drugs were found in the vessel’s cargo holds. No evidence was found that linked any of the crew to the drugs…
https://www.marinelink.com/news/seafarers-year-jail-term-upheld-turkish-536735
https://www.marinelink.com/news/seafarers-year-jail-term-upheld-turkish-536735The U.S. Coast Guard authenticated the keels for future Coast Guard cutters Allen Thiele, Fred Permenter and Samuel Wilson on Friday in Bayou La Batre, Alabama.The cutters are the first three of 30 future Waterways Commerce Cutters (WCCs) that…
https://www.marinelink.com/news/us-coast-guard-authenticates-keels-three-536736
https://www.marinelink.com/news/us-coast-guard-authenticates-keels-three-536736The war in the Middle East is disrupting shipping patterns and raising risks across multiple dry bulk supply chains. Pellet supply in the region is at risk as vessels avoid the Gulf, while steel imports may decline. In energy markets, LNG disruptions and tighter gas inventories could lift European coal demand, while petcoke flows through ...
https://www.hellenicshippingnews.com/middle-east-war-disrupts-dry-bulk-commodity-trade-as-hormuz-shipping-grinds-to-a-halt/With oil prices zooming up in early trading by their largest percentage daily gain seen since 1988, and overall spot shipping rates at their highest levels in history, the ongoing conflict between Iran and the US/Israeli coalition – now into its 10th day – continues to weigh heavily on the global economy. The Clarksea Index …
https://splash247.com/hormuz-paralysis-rewrites-shipping-economics/
https://splash247.com/hormuz-paralysis-rewrites-shipping-economics/Cypriot shipowner and shipping fund manager Pelagic Partners has announced the successful listing and the first day of trading of its new investment platform, Pelagic Credit, on the Oslo Stock Exchange. Pelagic Credit is a yield-oriented shipowning company focused on generating stable, predictable cash flows through long-term contracted employment of maritime assets, providing structured financing …
https://splash247.com/pelagic-credit-lists-in-oslo-after-75m-capital-raise/
https://splash247.com/pelagic-credit-lists-in-oslo-after-75m-capital-raise/Mitsui OSK Lines (MOL), Japan’s largest shipping company, has decided to jointly own two CSOVs with Cyprus-based shipping firm Schoeller Holdings. MOL has also decided to acquire a stake in the Hamburg-based company Deutsche Offshore Schifffahrt, which will operate the vessels. The joint strategy also includes developing further independent projects using this platform. Columbia Shipmanagement, …
https://splash247.com/mol-enters-european-offshore-wind-vessel-market/
https://splash247.com/mol-enters-european-offshore-wind-vessel-market/Dutch surveyor Fugro has been awarded a contract by Oriel Windfarm to deliver a detailed geotechnical site investigation that will inform the design and installation of foundations for 25 offshore wind turbines. Located off the coast of Louth County, the 375MW project is planned to be among Ireland’s first commercial-scale offshore wind farms and is …
https://splash247.com/fugro-bags-survey-deal-for-irish-offshore-wind-project/
https://splash247.com/fugro-bags-survey-deal-for-irish-offshore-wind-project/Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
https://www.marinelink.com/news/aramco-launches-rare-oil-tenders-iran-war-536689
https://www.marinelink.com/news/aramco-launches-rare-oil-tenders-iran-war-536689Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge.In…
https://www.marinelink.com/news/governments-move-shield-economies-oil-536690
https://www.marinelink.com/news/governments-move-shield-economies-oil-536690