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The Nigerian Navy has arrested 76 vessels and at least 242 suspects in anti-oil theft operations, and destroyed more than 800 illegal refining sites during a two-year crackdown, it said on Thursday.Rampant oil theft from pipelines and wells has crippled Nigeria's oil industry in recent years…
https://www.marinelink.com/news/nigerian-navy-cracks-down-oil-theft-527103
https://www.marinelink.com/news/nigerian-navy-cracks-down-oil-theft-527103“You cannot be a leader if you don’t know what is going on,” says Rik van Hemmen, President of marine consulting firm Martin & Ottaway.van Hemmen, writing in the June issue of Maritime Reporter magazine, recounts of some of his experiences in…
https://www.marinelink.com/news/cannot-a-leader-527107
https://www.marinelink.com/news/cannot-a-leader-527107A British Royal Navy patrol vessel has sailed through the Taiwan Strait, a Navy spokesperson said on Thursday, saying the passage complied with international law."HMS Spey's routine navigation through the Taiwan Strait was part of a long-planned…
https://www.marinelink.com/news/taiwan-welcomes-royal-navy-transit-taiwan-527108
https://www.marinelink.com/news/taiwan-welcomes-royal-navy-transit-taiwan-527108Researchers have identified a shipwreck off Porkkala, in southern Finland, as the Swedish warship “Falken,” a 17th-century vessel built in Stockholm and considered the “little sister” of the iconic Vasa ship.The shipwreck was discovered 50 years ago…
https://www.marinelink.com/news/researchers-identify-swedish-th-century-527093
https://www.marinelink.com/news/researchers-identify-swedish-th-century-527093Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would only happen if Tehran's vital interests were endangered.Iran has in the…
https://www.marinelink.com/news/iran-considers-closing-strait-hormuz-527094
https://www.marinelink.com/news/iran-considers-closing-strait-hormuz-527094DHT Holdings entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI), for $107 million. The vessel is scheduled to deliver towards the end of the third quarter of 2025. “This is a sister of vessels built by us in 2018…
https://www.marinelink.com/news/dht-snags-built-vlcc-m-527095
https://www.marinelink.com/news/dht-snags-built-vlcc-m-527095Crowley, alongside Puerto Rico Governor Jenniffer González-Colón, celebrated the LNG carrier American Energy during an event Wednesday, June 18 at Crowley’s LNG Loading Terminal in Peñuelas. American Energy is the first U.S.-flagged liquefied…
https://www.marinelink.com/news/american-energy-lng-vessel-celebrated-527096
https://www.marinelink.com/news/american-energy-lng-vessel-celebrated-527096Iron ore futures prices snapped a five-day losing streak on Thursday amid heightened steel production in top consumer China, though gains were partially offset as a protracted crisis in China’s property market continued to weigh on demand prospects. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed up 0.43% at 698 ...
https://www.hellenicshippingnews.com/dalian-iron-ore-gains-after-five-days-on-firming-china-steel-production/China’s iron ore imports are on track in June for their strongest month this year, showing a resilience that isn’t being mirrored in the sluggish steel sector. China, which buys about 75% of global seaborne iron ore, is expected to import almost 110 million metric tons of the key steel raw material, according to commodity ...
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-even-as-steel-struggles/
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-even-as-steel-struggles/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell for the third consecutive session to a one-week low on Thursday as rates declined across larger vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 123 points, or 6.6%, at ...
https://www.hellenicshippingnews.com/baltic-index-drops-to-one-week-low-as-larger-vessel-rates-dip/
https://www.hellenicshippingnews.com/baltic-index-drops-to-one-week-low-as-larger-vessel-rates-dip/