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Gunvor has entered a new chapter after its management team agreed to buy out the company’s existing ownership, ending Torbjörn Törnqvist’s long run as majority shareholder. The Swiss-based commodity trading giant will now be fully owned by a group of senior employees, with no outside shareholders involved. The management-led deal follows a process first discussed …
https://splash247.com/gunvor-hits-reset-button-with-leadership-buyout-and-governance-overhaul/
https://splash247.com/gunvor-hits-reset-button-with-leadership-buyout-and-governance-overhaul/Taiwan is amending its Law of Ships regulations with a view to fining ship operators up to NT$10m ($318,000) for vessels failing to maintain accurate identification. Ships entering Taiwanese waters must keep their automatic identification system (AIS) on and transmit correct data, or face a fine. Similarly, all vessels must display their vessel name and …
https://splash247.com/taiwan-tightens-noose-on-high-risk-tonnage/
https://splash247.com/taiwan-tightens-noose-on-high-risk-tonnage/A Russian-flagged tanker sailing from Russia to Georgia loaded with sunflower oil reported that it was attacked off the Turkish coast but its 13 crewmembers were unharmed, Turkey’s maritime authority said on Tuesday, likely the latest incident in a renewed, sprawling campaign being carried out by the Ukrainian military. The vessel, Midvolga-2, reported coming under …
https://splash247.com/a-new-blast-zone-emerges-for-russia-linked-tankers/
https://splash247.com/a-new-blast-zone-emerges-for-russia-linked-tankers/Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries group, Imabari Shipbuilding Co., Ltd., "K" LINE, MOL, NYK Line, JMU, and NSY have concluded a Memorandum of Understanding (MoU) to establish a standard design framework…
https://www.marinelink.com/news/mou-signed-establish-standard-design-533009
https://www.marinelink.com/news/mou-signed-establish-standard-design-533009Swiss marine power company WinGD has introduced its first high-pressure LNG dual-fuel engine, the X-DF-HP, developed specifically for the demanding operating profiles of ultra-large container vessels (ULCVs).Unveiled at Marintec China 2025,…
https://www.marinelink.com/news/wingd-unveils-highpressure-dualfuel-lng-533012
https://www.marinelink.com/news/wingd-unveils-highpressure-dualfuel-lng-533012Thordon Bearings, a leader in high-performance polymer bearing systems, has steadily carved out a niche in the global marine industry with its eco-friendly water-lubricated bearings. Unlike traditional oil or grease-based bearings, Thordon’s systems operate entirely on water…
https://www.marinelink.com/news/thordon-bearings-evolution-533014
https://www.marinelink.com/news/thordon-bearings-evolution-533014Turkish President Tayyip Erdogan said on Monday that attacks on commercial ships in the Black Sea were unacceptable, issuing a warning to "all related sides" after an unmanned vessel reportedly struck a tanker off Turkey's northern coast.“The…
https://www.marinelink.com/news/turkish-president-condemns-attacks-black-533018
https://www.marinelink.com/news/turkish-president-condemns-attacks-black-533018A Turkish-owned oil tanker that was damaged near Senegal's coast last week was hit by four external explosions but there were no injuries or pollution, its manager said on Monday.The vessel, Mersin, was at anchor near Dakar when the four explosions occurred at 2345 GMT on November 27, resulting in s
https://www.marinelink.com/news/damaged-turkish-tanker-off-senegal-hit-533020
https://www.marinelink.com/news/damaged-turkish-tanker-off-senegal-hit-533020Turkey sharply reduced its imports of Russia's flagship Urals crude oil in November, shipping data from energy consultancy Kpler showed, as Western sanctions on Russian energy suppliers tightened and Turkish refineries shifted to alternative grades.Shipments of Urals to Turkey fell by 100…
https://www.marinelink.com/news/turkey-cuts-russian-urals-oil-imports-533021
https://www.marinelink.com/news/turkey-cuts-russian-urals-oil-imports-533021Some congressional Republicans expressed concern about U.S. military actions off Venezuela's coast and joined Democrats in pledging to look into multiple strikes on one boat, although there was no word on Monday of any briefings or hearings.White…
https://www.marinelink.com/news/us-republicans-demand-answers-venezuela-533022
https://www.marinelink.com/news/us-republicans-demand-answers-venezuela-533022