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More than 1,000 days after the Galaxy Leader seizure ushered in shipping’s Red Sea crisis, the container sector could be approaching something resembling normality on the Suez route before the end of the year. Lars Jensen, one of container shipping’s most prominent analysts, argued yesterday that the pace at which carriers are restoring services makes …
https://splash247.com/container-shipping-tipped-to-normalise-through-red-sea-by-year-end/
https://splash247.com/container-shipping-tipped-to-normalise-through-red-sea-by-year-end/ADNOC Logistics & Services has exercised options for two more LNG carriers at Jiangnan Shipyard, adding $444m to its newbuilding bill and lifting its LNG newbuild programme to 20 ships. The 175,000 cu m vessels are due for delivery in 2029 and are expected to secure long-term charter employment. The move follows a $900m order …
https://splash247.com/adnoc-ls-lifts-lng-newbuild-programme/
https://splash247.com/adnoc-ls-lifts-lng-newbuild-programme/Dubai’s Jebel Ali has suffered one of the most dramatic collapses ever seen in the global container port rankings, tumbling from 10th to 32nd place in the space of half a year as the war with Iran throttles shipping through the Strait of Hormuz. New analysis from Alphaliner shows throughput at the Middle East’s premier …
https://splash247.com/hormuz-shock-sends-jebel-ali-tumbling-out-of-global-top-30/
https://splash247.com/hormuz-shock-sends-jebel-ali-tumbling-out-of-global-top-30/Diana Shipping has started cutting its exposure to Genco Shipping & Trading following the collapse of its nine-month takeover campaign, selling 1.2m shares for just over $32m. The Semiramis Paliou-led bulker owner sold 450,000 Genco shares on August 21 and another 750,000 on August 24, according to an amended Schedule 13D filed with the US …
https://splash247.com/diana-trims-genco-stake/
https://splash247.com/diana-trims-genco-stake/REINTJES, provider of propulsion solutions, has announced their TME Hybrid System."Our plan was to create a compact hybrid unit. To achieve this, we've integrated the electric motor/generator onto the gearbox," says Klaus Deleroi, Managing Director…
https://www.marinelink.com/news/reintjes-launches-hybrid-propulsion-542419
https://www.marinelink.com/news/reintjes-launches-hybrid-propulsion-542419C&C Marine and Repair has delivered the M/V Mimsy H. Lindner to Canal Barge Company, completing a four-boat series of 2,600-horsepower inland towboats for the New Orleans-based operator. The Mimsy H. Lindner follows the M/V Al Sloss, M/V Deborah H. Valentine and M/V Cabby H.
https://www.marinelink.com/news/cc-marine-delivers-fourth-towboat-canal-542420
https://www.marinelink.com/news/cc-marine-delivers-fourth-towboat-canal-542420U.S. President Donald Trump said on Tuesday that all mines had been detonated or removed from international waters of the Strait of Hormuz and that Iran has been told that any ship or boat placing new mines will be destroyed.In a post on Truth Social…
https://www.marinelink.com/news/trump-strait-hormuz-mines-removed-542422
https://www.marinelink.com/news/trump-strait-hormuz-mines-removed-542422The U.S. aircraft carrier the USS Abraham Lincoln will dock in Thailand next week, a Thai official said on Tuesday, following a prolonged deployment in the Middle East and reports of mental health concerns and deteriorating conditions aboard.The Lincoln…
https://www.marinelink.com/news/uss-abraham-lincoln-plans-dock-thailand-542424
https://www.marinelink.com/news/uss-abraham-lincoln-plans-dock-thailand-542424Freight rates for tanker shipments of Russia's flagship Urals crude from western ports to India, the grade's main market, have surged in August as strong demand for vessels and mounting security risks linked to carrying Russian oil drove up costs…
https://www.marinelink.com/news/russian-oil-freight-rates-spike-security-542425
https://www.marinelink.com/news/russian-oil-freight-rates-spike-security-542425Oil prices fell about 4% to a one-week low on Tuesday as traders shrugged off the latest U.S. sanctions campaign against Iran, viewing economic pressure as posing less risk to oil supplies than a military escalation.Brent crude futures were down $3.83, or 4.2%, to $88.34 a barrel by 11:44 a.m.
https://www.marinelink.com/news/oil-prices-drop-traders-dismiss-us-542426
https://www.marinelink.com/news/oil-prices-drop-traders-dismiss-us-542426