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Very large gas carrier (VLGC) spot rates have surged to record levels, with benchmark freight on the Houston-to-Chiba route climbing to $290 per metric tonne and daily earnings spiking to almost $170,000 per day – the highest level ever recorded for the series, according to Clarksons Research. The record-breaking run has been driven by a …
https://splash247.com/vlgc-spot-rates-hit-record-highs/
https://splash247.com/vlgc-spot-rates-hit-record-highs/Peace in the Persian Gulf appears no closer after president Donald Trump flatly rejected Iran’s response to a US peace proposal over the weekend, even as a rare transit by an LNG carrier offered a glimmer of hope that the Strait of Hormuz is not entirely sealed. “I have just read the response from Iran’s …
https://splash247.com/one-lng-transit-zero-breakthrough-in-hormuz-crisis/
https://splash247.com/one-lng-transit-zero-breakthrough-in-hormuz-crisis/Two more tankers laden with crude exited the Strait of Hormuz last week with trackers switched off to avoid Iranian attacks, Kpler shipping data showed, underscoring a rising trend to sustain Middle East oil exports.The very large crude carrier…
https://www.marinelink.com/news/two-tankers-exit-strait-hormuz-538998
https://www.marinelink.com/news/two-tankers-exit-strait-hormuz-538998New Zealand’s Transport Accident Investigation Commission (TAIC) has issued its report on the blackout and loss of propulsion on Interislander ferry Kaitaki. A degraded rubber expansion joint in the engine cooling system failed and triggered an automatic shutdown.
https://www.marinelink.com/news/ferry-engine-failure-raises-concern-538999
https://www.marinelink.com/news/ferry-engine-failure-raises-concern-538999HD Hyundai Robotics USA has secured an order for its robotic welding solution, ArcLift GO, from Chouest Group Shipyards. Under this contract, robotic welding systems will be supplied to three Chouest Group shipyards in North America, including Louisiana…
https://www.marinelink.com/news/chouest-group-orders-robotic-welder-539000
https://www.marinelink.com/news/chouest-group-orders-robotic-welder-539000Britain said on Saturday it was deploying its warship HMS Dragon to the Middle East in preparation for a potential multinational effort to protect shipping in the Strait of Hormuz once conditions allow.HMS Dragon, an air defence destroyer, was sent to the Eastern Mediterranean in March…
https://www.marinelink.com/news/uk-deploys-warship-middle-east-539001
https://www.marinelink.com/news/uk-deploys-warship-middle-east-539001Capesize The market strengthened convincingly over the course of the week, with momentum building steadily from an already active start in the Pacific following the UK bank holiday. Early support came primarily from robust Pacific activity, where the consistent presence of all three major miners on C5, coupled with a healthy flow of East Australian ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesize-market-showing-strenght/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesize-market-showing-strenght/Today’s headlines bring constant news of international shipping hubs across the global supply chain experiencing major volatility and disruption – from Iran sending shockwaves through global energy markets by forcefully obstructing vessel traffic in the Strait of Hormuz…
https://www.marinelink.com/news/american-waterways-global-volatility-538994
https://www.marinelink.com/news/american-waterways-global-volatility-538994As a vessel construction manager with extended building experience in both the U.S. and South Korea, more than several opportunities have landed on our desks as Private Equity and Venture Capital analyze tanker tonnage and construction in the domestic trades.
https://www.marinelink.com/news/rescued-welders-whip-anchored-painters-538995
https://www.marinelink.com/news/rescued-welders-whip-anchored-painters-538995The demand for “thrusters” on recreational and commercial vessels has increased rapidly in recent years, providing vessels with enhanced capabilities.Increasing a vessel’s manoeuvrability, making its steering more precise, to accurately control course and position offers greater versatility.
https://www.marinelink.com/news/tech-focus-thrusters-aid-advance-538996
https://www.marinelink.com/news/tech-focus-thrusters-aid-advance-538996