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Greek shipowner Tsakos Energy Navigation (TEN), Ltd. announced it another vessel sale as part of its ongoing fleet renewal program.Sold was the aframax tanker Izumo Princess, the first in a series of eight pioneered-designed vessels the company…
https://www.marinelink.com/news/ten-sells-aframax-tanker-513150
https://www.marinelink.com/news/ten-sells-aframax-tanker-513150Belships has expanded its newbuilding program with two new 64 000 dwt Ultramax bulk carriers which will be delivered in 2028. The vessels are leased on similar terms as previously announced transactions, and Belships is not required to make any down payments for these vessels. The agreements are conditional upon certain steps to be completed ...
https://www.hellenicshippingnews.com/belships-asa-fleet-expansion/
https://www.hellenicshippingnews.com/belships-asa-fleet-expansion/The Baltic Exchange’s dry bulk sea freight index slipped on Monday as lower capesize rates offset gains in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 37 points, or 1.9%, to 1,882 points. The index was down for the first time in 9 sessions. ...
https://www.hellenicshippingnews.com/baltic-index-dips-on-weaker-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-dips-on-weaker-capesize-rates/UK Maritime Minister Lord Davies of Gower has announced an £8m ($9.85m) funding boost to kickstart feasibility studies for smart shipping technologies such as AI, robotics, and autonomous vessels. The Smart Shipping Acceleration Fund, launched today in Southampton could result in innovations which will boost the economy and support coastal communities. The winning projects for …
https://splash247.com/uk-makes-more-funding-available-for-ai-and-smart-shipping/
https://splash247.com/uk-makes-more-funding-available-for-ai-and-smart-shipping/Danish shipping and logistics group Maersk has partnered up with compatriot wind turbine maker Vestas to set up a nacelle factory and logistical base at the Mokpo New Port hinterland complex in South Korea. A memorandum of understanding, signed in the presence of the Governor of Jeonnam Province Kim Yung-rok and the Mayor of Mokpo …
https://splash247.com/maersk-sets-sights-on-offshore-wind-logistics-in-south-korea/
https://splash247.com/maersk-sets-sights-on-offshore-wind-logistics-in-south-korea/Greek owner Tsakos Energy Navigation (TEN) has confirmed the sale of an ageing aframax tanker as it continues its fleet renewal push. The New York-listed tanker and LNG carrier owner has offloaded the 2007 Sumitomo-built Izumo Princess for about $37m. The buyer was not named, but shipping databases show the 105,500 dwt vessel under ownership …
https://splash247.com/ten-offloads-veteran-aframax-as-fleet-renewal-presses-ahead/
https://splash247.com/ten-offloads-veteran-aframax-as-fleet-renewal-presses-ahead/French energy giant TotalEnergies and Oman National Oil Company (OQ) have reached the final investment decision (FID) on the Marsa LNG project, which will feature an LNG plant completely powered by renewable energy that will produce LNG for…
https://www.marinelink.com/news/totalenergies-oq-reach-fid-marsa-lng-513128
https://www.marinelink.com/news/totalenergies-oq-reach-fid-marsa-lng-513128Dutch company Value Maritime and Japanese shipping giant Mitsui O.S.K. Lines (MOL) have signed a contract for the supply an Exhaust Gas Cleaning System (EGCS) and carbon capture feature for an LR1 product tanker.With a deadweight (DWT) of 75…
https://www.marinelink.com/news/mol-orders-value-maritimes-carbon-capture-513132
https://www.marinelink.com/news/mol-orders-value-maritimes-carbon-capture-513132Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of liquefied natural gas (LNG) carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.The ships would be delivered from 2027 onwards…
https://www.marinelink.com/news/wah-kwong-orders-lng-carriers-513139
https://www.marinelink.com/news/wah-kwong-orders-lng-carriers-513139China’s soybean imports from the United States fell by half in March from a year earlier and corn exports also plummeted, as buyers favour more competitive supplies from Brazil’s hefty harvest, data showed on Saturday. U.S. suppliers face stiff competition for global export sales from South America, which have reported plentiful harvests and offer more ...
https://www.hellenicshippingnews.com/chinas-soybean-imports-from-us-halve-in-march-as-brazils-gain-pace/