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The nascent and increasingly vital shuttle tanker trade moving Middle East crude through the Strait of Hormuz for transfer in the Gulf of Oman is under fresh threat after Iran blacklisted some of the vessels at the heart of the operation this week. Broker Braemar warned that 12 VLCCs named by Tehran had carried around …
https://splash247.com/iran-blacklist-threatens-hormuz-shuttle-tanker-lifeline/
https://splash247.com/iran-blacklist-threatens-hormuz-shuttle-tanker-lifeline/Iran and Oman are still working on the details of an agreement on the Strait of Hormuz, a senior Iranian source said on Wednesday, after Iran's Revolutionary Guards said the two countries had agreed how to share the waterway and its revenues.The elite force's spokesperson…
https://www.marinelink.com/news/iran-oman-working-strait-hormuz-agreement-542464
https://www.marinelink.com/news/iran-oman-working-strait-hormuz-agreement-542464Shipping traffic at the Strait of Hormuz rose slightly even as a standoff persisted between the United States and Iran, data showed on Thursday, while the market monitored Iran-Oman talks about the waterway.Visible commodity vessel transits at Hormuz totalled 10 on Wednesday…
https://www.marinelink.com/news/strait-hormuz-shipping-marks-slight-rise-542468
https://www.marinelink.com/news/strait-hormuz-shipping-marks-slight-rise-542468Nasdaq-listed Greek containership owner Euroseas has extended the charter of one of its vessels for another two years at $26,000 per day. The 2006-built 1,740 teu Jonathan P has been fixed for a minimum 24 and maximum 26 months at the charterer’s option, starting at the end of October following a scheduled drydocking. The deal …
https://splash247.com/euroseas-secures-two-year-charter-extension/
https://splash247.com/euroseas-secures-two-year-charter-extension/Greek owner Medcare Shipping has been linked to an order for up to five MR1 product and chemical tankers at China’s Anhui Zhongrun Heavy Industry. The Wuhu-based yard has confirmed a contract with an unnamed Greek owner covering two firm 41,000 dwt ships and three options, while shipbroking and market sources have identified Medcare as …
https://splash247.com/medcare-linked-to-five-ship-mr1-order-in-china/
https://splash247.com/medcare-linked-to-five-ship-mr1-order-in-china/Singapore’s advantage as a maritime centre is changing, argues Gus Majed, founder and group CEO of fuel and freight price risk specialist Paratus. The city-state built its position on scale, liquidity and location. Its next competitive edge, Majed believes, will increasingly come from something less tangible: trust. “The war promoted Singapore from the world’s fuel …
Up to 70 vessels are waiting near the Danube's Sulina Canal for access to Ukrainian ports to load grain for export, traders and analysts said on Wednesday, with a shortage of pilots and priority given to other cargoes creating long delays.After…
https://www.marinelink.com/news/seventy-vessels-wait-load-grain-near-542458
https://www.marinelink.com/news/seventy-vessels-wait-load-grain-near-542458The Baltic Exchange’s dry bulk sea freight index rose 4.4% to 3,056 on Wednesday, marking a fifth consecutive session of gains and reaching its highest level since August 10. The index tracks rates for capesize, panamax and supramax vessels. Capesize rates led the advance, with the index jumping 6.3% to 5,033, also its highest since ...
https://www.hellenicshippingnews.com/baltic-dry-index-extends-rally-to-fifth-session/
https://www.hellenicshippingnews.com/baltic-dry-index-extends-rally-to-fifth-session/Norwegian offshore seismic vessel player Shearwater Geoservices has announced a new 3D multi-client seismic survey in the Norwegian Sea. According to the company, the survey has industry backing and data acquisition is expected to commence this month. The Amazon Conqueror vessel will be deployed for the approximately seven-week survey, utilising Shearwater’s isometrix streamer technology to …
https://splash247.com/shearwater-expands-norwegian-footprint-with-new-3d-seismic-survey/
https://splash247.com/shearwater-expands-norwegian-footprint-with-new-3d-seismic-survey/Shanghai-listed Ningbo Marine is lining up another five bulk carrier newbuildings in China, expanding a fleet renewal programme that could see the owner add close to 600,000 dwt of fresh tonnage. The Zhejiang Energy-backed company has approved up to CNY980m ($136m) for four 65,000 dwt bulkers, while wholly owned Ningbo Marine Singapore has been cleared …
https://splash247.com/ningbo-marine-maps-out-five-ship-bulker-expansion/
https://splash247.com/ningbo-marine-maps-out-five-ship-bulker-expansion/