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Spanish police have seized 30 tons of cocaine from a ship off the Canary Islands and detained its 23-member crew without bail in Europe's largest-ever bust of the drug, the High Court said on Thursday, more than doubling Spain's previous record.The Comoro…
https://www.marinelink.com/news/spain-seizes-tons-cocaine-detains-crew-538942
https://www.marinelink.com/news/spain-seizes-tons-cocaine-detains-crew-538942U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill."It looks like they've likely already cut back their production, maybe by 400,000 barrels a day.
https://www.marinelink.com/news/iran-reduces-oil-production-bpd-further-538943
https://www.marinelink.com/news/iran-reduces-oil-production-bpd-further-538943German defence group Rheinmetall has entered the race to buy shipyard German Naval Yards Kiel with a non-binding bid, a move that would deepen its push into naval defence and pits it against rival warship maker Thyssenkrupp Marine Systems (TKMS).Rheinmetall disclosed the bid as it released its first
https://www.marinelink.com/news/rheinmetall-submits-nonbinding-bid-gnyk-538944
https://www.marinelink.com/news/rheinmetall-submits-nonbinding-bid-gnyk-538944Damen Shipyards Group has signed a contract with Türkiye's Albayrak Group for the delivery of an ASD Tug 2111 and ASD Tug 2813. This is the first contract between the two companies.The Albayrak Group is one of the largest businesses in Türkiye and is active in the construction…
https://www.marinelink.com/news/damen-shipyards-delivery-two-tugs-538946
https://www.marinelink.com/news/damen-shipyards-delivery-two-tugs-538946ABS, through its affiliate ABSG Consulting Inc. (ABS Consulting), has announced the acquisition of RMC Global (RMC), a provider of industrial cybersecurity, risk management and resiliency solutions.The acquisition strengthens ABS Consulting’s capabilities and market position…
https://www.marinelink.com/news/abs-acquires-rmc-global-strengthen-538951
https://www.marinelink.com/news/abs-acquires-rmc-global-strengthen-538951The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fifth session on Thursday, rising about 1.3% to its highest since December 2023 at 3,034 points, amid higher demand across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-near-2-1-2-year-high/
https://www.hellenicshippingnews.com/baltic-dry-index-at-near-2-1-2-year-high/“In April 2026, coal shipments to Japan, South Korea and the EU jumped 27% y/y as these countries seek alternative energy supplies to gas to meet their electricity demand. The closure of the Strait of Hormuz has disrupted LNG shipments out of the Persian Gulf and has contributed to an 8% y/y drop in global ...
https://www.hellenicshippingnews.com/tight-gas-supply-drives-27-jump-in-coal-shipments-to-japan-korea-and-the-eu/The Hormuz crisis has broken the tanker market’s age depreciation curve entirely, with five-year-old VLCCs now trading above the price of a brand new vessel ordered from a Korean shipyard. According to Signal Ocean’s latest Tanker Market Monitor, the inversion of normal asset pricing logic is now visible across all major crude tanker segments. A …
US-listed regasification player Excelerate Energy has secured interim employment for its newest floating storage and regasification unit after delays to Iraq’s planned LNG import project pushed back the vessel’s long-term deployment. The New York-listed company said it has signed a definitive nine-month charter agreement with Jordan’s National Electric Power Company (NEPCO) to deploy the newbuild …
https://splash247.com/excelerate-reroutes-newbuild-fsru-to-jordan-amid-iraq-delays/
https://splash247.com/excelerate-reroutes-newbuild-fsru-to-jordan-amid-iraq-delays/China’s Sinopec Clean Energy has ordered a dedicated LNG bunkering vessel at a domestic yard, joining other owners in the segment that has seen rapid growth in newbuilding activity over the past year. The Beijing-based company confirmed that Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) will build a 12,000 cu m LNG bunker ship, …
https://splash247.com/sinopec-books-lng-bunker-newbuild/
https://splash247.com/sinopec-books-lng-bunker-newbuild/