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Ten years after Hanjin Shipping’s collapse sent shockwaves through global supply chains, the Korean carrier is back in the headlines — this time at the centre of a debate over how the country decides whether troubled companies should be saved or liquidated. The Seoul Rehabilitation Court is considering reducing its reliance on court-appointed examiners whose …
https://splash247.com/hanjin-collapse-still-shapes-korean-bankruptcy-law-a-decade-on/
https://splash247.com/hanjin-collapse-still-shapes-korean-bankruptcy-law-a-decade-on/Carriers are preparing costly contingency plans to keep Manaus connected as low water disrupts an expanding list of the world’s major freight rivers. Containerlines are preparing for another difficult Amazon dry season, announcing low-water surcharges of as much as $1,900 per box as falling river levels threaten access to Manaus. Mediterranean Shipping Co (MSC) will …
https://splash247.com/amazon-drought-triggers-container-surcharges-of-up-to-1900/
https://splash247.com/amazon-drought-triggers-container-surcharges-of-up-to-1900/One month from today, some of the biggest names in global shipping will gather at the Fairmont Hotel for the inaugural Splash Singapore conference. Taking place on September 24, the event has been deliberately designed to strip away many of the conventions of traditional maritime conferences. There will be no presentations, no slides and no …
https://splash247.com/one-month-to-go-until-shipping-leaders-gather-at-splash-singapore/
https://splash247.com/one-month-to-go-until-shipping-leaders-gather-at-splash-singapore/Norwegian offshore vessel operator Havila Shipping has secured another one-year extension with Equinor for the rescue and recovery vessel Havila Troll. The latest option will keep the 2003-built ship with the Norwegian energy major until November 2027. Financial terms have not been disclosed. Two further one-year options remain, potentially extending the vessel’s employment through to …
https://splash247.com/havila-shipping-lands-fresh-equinor-extension/
https://splash247.com/havila-shipping-lands-fresh-equinor-extension/Capesize The market delivered a mixed but broadly resilient performance, with the Pacific providing the principal source of activity and direction. Consistent miner presence supported C5 throughout the week, although rates initially eased from just below $14.00 into the low $13s. The market subsequently rebounded, with increased operator demand pushing levels back into the mid-to-upper ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-showing-signs-of-strength/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-showing-signs-of-strength/Twenty-two seafarers remain missing after the panamax bulker Ocean Winner sank in the Bay of Bengal, triggering a joint search operation by the Indian Coast Guard and Navy. The Panama-flagged vessel went down on Saturday around 240 nautical miles off Paradip on India’s east coast. The 72,928 dwt bulker had sailed from Paradip on August …
https://splash247.com/bulk-carrier-sinks-off-india-with-22-crew-missing/
https://splash247.com/bulk-carrier-sinks-off-india-with-22-crew-missing/An oil tanker under U.S. sanctions for allegedly transporting Iranian petroleum products has become the latest victim of resurgent Somali piracy when it was boarded off the coast of Yemen and diverted toward Somalia.The Eritrea-flagged Sibu 1 was seized on Thursday by six armed individuals…
https://www.marinelink.com/news/iranlinked-oil-tanker-attacked-somalian-542329
https://www.marinelink.com/news/iranlinked-oil-tanker-attacked-somalian-542329Oil prices were steady on Friday and were on track for a second straight weekly gain after the United States threatened to impose the toughest sanctions in history with no end in sight for disruptions to Middle East oil flows.Brent crude futures rose 20 cents…
https://www.marinelink.com/news/oil-prices-set-second-weekly-gain-us-542331
https://www.marinelink.com/news/oil-prices-set-second-weekly-gain-us-542331Russian Urals crude delivered to India has flipped to a premium against the dated Brent benchmark for the first time since May as stronger Asian demand coincides with tighter export availability, three trading sources said.Cargoes of Urals crude…
https://www.marinelink.com/news/strong-demand-india-flips-russian-urals-542332
https://www.marinelink.com/news/strong-demand-india-flips-russian-urals-542332HydroComp has released PropCad 2026 to improve the daily tools used by propeller designers, manufacturers, and researchers to develop, inspect, and document marine propeller geometry.This year's release focuses on a smoother CAD Import workflow…
https://www.marinelink.com/news/hydrocomp-releases-propcad-542336
https://www.marinelink.com/news/hydrocomp-releases-propcad-542336