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Tor Olav Trøim-backed VLCC newcomer Bruton has exercised options for two additional newbuildings at China’s New Times Shipyard, continuing its steady build-up in the supertanker market. The Oslo-listed company confirmed it has moved ahead with the optional vessels attached to its earlier contracts with the yard, with pricing and payment terms unchanged from the most …
https://splash247.com/bruton-presses-ahead-with-vlcc-build-out/
https://splash247.com/bruton-presses-ahead-with-vlcc-build-out/Northern Lights has handed out a fresh round of CO2 shipping business to three of Japan and Malaysia’s biggest blue‑chip owners. The Oslo‑based CCS JV – owned by Equinor, TotalEnergies and Shell – has awarded a long‑term time charter for one 12,000 cu m liquid CO2 carrier to a consortium of Kawasaki Kisen Kaisha (K …
Japan has unveiled an all‑Japan shipping initiative designed to lock in work for its shipyards and tighten cooperation along the domestic maritime value chain, as competition from Chinese and South Korean builders intensifies. ORIX’s vessel trading arm SOMEC has signed a capital and business alliance with three of Japan’s most influential owner‑builder groups – Shoei …
https://splash247.com/japans-sakura-ocean-jv-blossoms-as-shipping-and-yards-unite/
https://splash247.com/japans-sakura-ocean-jv-blossoms-as-shipping-and-yards-unite/As a US carrier strike group made its way to the Gulf, a familiar foe to commercial shipping reared its head for the first time in months. A video titled ‘Soon’ published at the start of the week by the Houthis suggests the Iranian-backed Yemeni military group is gearing up to target vessels once again. The …
https://splash247.com/splash-wrap-the-week-in-shipping-in-450-words/
https://splash247.com/splash-wrap-the-week-in-shipping-in-450-words/A major new survey by the World Maritime University (WMU) has painted a stark picture of life at sea, warning that excessive workloads, chronic stress and poor mental health are pushing large numbers of seafarers towards the exit – with potentially serious consequences for safety and future crewing. The report, In Search of a Sea‑Life …
Global aluminium production has nearly tripled since the turn of the millennium, and the ripple effects are being felt most clearly in the dry bulk market, where seaborne bauxite trade hit a fresh record last year. Analysis by Ursa Shipbrokers, drawing on data from the International Aluminium Institute (IAI), shows global primary aluminium output reached …
https://splash247.com/bauxite-booms-as-aluminium-output-triples-since-2000/
https://splash247.com/bauxite-booms-as-aluminium-output-triples-since-2000/Panama’s Supreme Court has thrown CK Hutchison’s flagship Panama Ports Company (PPC) concession into limbo, ruling the Hong Kong group’s contract to operate terminals at either end of the Panama Canal unconstitutional. In a brief statement late Thursday, the court struck down the 25‑year extension granted to PPC in 2021, following an audit by Panama’s …
https://splash247.com/panama-court-torpedoes-ck-hutchison-terminals-deal/
https://splash247.com/panama-court-torpedoes-ck-hutchison-terminals-deal/The UK Marine Accident Investigation Branch (MAIB) has released its report into the flooding and foundering of the stern trawler Opportune off Scotland, with uncertainty remaining about the cause.On 24 March 2024, the 23.95m UK registered Opportune foundered 36 miles east of Lerwick, Scotland.
https://www.marinelink.com/news/cause-trawler-flooding-uncertain-535046
https://www.marinelink.com/news/cause-trawler-flooding-uncertain-535046Last week, Governor Gavin Newsom announced that California had disrupted several major wildlife trafficking operations, including seizing hundreds of illegal products made from ivory, rhino horn, walrus tusks, suspected bear gall bladders, saiga antelope…
https://www.marinelink.com/news/teamwork-required-thwart-illegal-wildlife-535047
https://www.marinelink.com/news/teamwork-required-thwart-illegal-wildlife-535047The 116-meter livestock carrier Blue Ocean A was towed to safety after suffering engine failure in adverse conditions on January 28.The Saint Kitts and Nevis-flagged vessel was sailing off the island of Saint Peter, Italy, on its way to Spain with 33 crew on board when a request for help was sent.
https://www.marinelink.com/news/livestock-carrier-towed-safety-engine-535056
https://www.marinelink.com/news/livestock-carrier-towed-safety-engine-535056