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Greek tanker owner Performance Shipping is expanding its fleet with a fourth newbuild in China. The Nasdaq-listed company has contracted Jiangsu Yangzijiang Shipbuilding Group for a single LR1 chemical/product carrier, adding to its orderbook of three 114,000 dwt LNG-ready LR2 tankers booked at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding. The 75,000 dwt ship, costing around $54.1m excluding …
https://splash247.com/performance-shipping-expands-orderbook-with-lr1-tanker-in-china/
https://splash247.com/performance-shipping-expands-orderbook-with-lr1-tanker-in-china/The London P&I Club said that Ian Gooch will be stepping down during the year from the role of CEO after 15 years as CEO and 21 years as a Director of A.Bilbrough & Co., the company that manages The London P&I Club.Subject to regulatory approval…
https://www.marinelink.com/news/bean-tapped-succeed-ian-gooch-london-pi-513516
https://www.marinelink.com/news/bean-tapped-succeed-ian-gooch-london-pi-513516Cambodia plans to cut shipping through Vietnamese ports by 70% as a result of a $1.7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast, the country's deputy prime minister told Reuters.Sun Chanthol…
https://www.marinelink.com/news/cambodia-cut-shipping-vietnam-new-513517
https://www.marinelink.com/news/cambodia-cut-shipping-vietnam-new-513517Traffic was suspended in Turkey's Bosphorus on Tuesday after a bulk carrier had an engine failure at the southern end of the straits that run through Istanbul, shipping agent Tribeca said.It said that the Liberian-flagged bulk carrier Alexis suffered the engine failure at 5 a.m.
https://www.marinelink.com/news/ship-engine-failure-halts-bosphorus-513518
https://www.marinelink.com/news/ship-engine-failure-halts-bosphorus-513518The Baltic Exchange's dry bulk sea freight index extended its rally on Tuesday to hit its highest in more than six weeks, supported by a jump in the large vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
https://www.marinelink.com/news/baltic-dry-index-scales-sixweek-high-513519
https://www.marinelink.com/news/baltic-dry-index-scales-sixweek-high-513519Cruise operator Royal Caribbean Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record cruise demand.The number of people taking cruises hit a record in 2023…
https://www.marinelink.com/news/royal-caribbean-recruiting-thousands-meet-513520
https://www.marinelink.com/news/royal-caribbean-recruiting-thousands-meet-513520Bollinger Shipyards announced it has promoted Andrew “Andy” Naquin to lead its sales team as the company's new Vice President of Sales.“Since joining Bollinger, Andy has been an invaluable addition to our team,” said Ben Bordelon, President and CEO of Bollinger Shipyards.
https://www.marinelink.com/news/bollinger-names-andy-naquin-sales-vp-513521
https://www.marinelink.com/news/bollinger-names-andy-naquin-sales-vp-513521The ABS-classed Liza Unity has received the first REMOTE-CON notation for an floating production storage and offloading (FPSO) from ABS. The notation demonstrates the vessel’s alignment with remote-control functions and signifies that the design…
https://www.marinelink.com/news/liza-unity-first-fpso-earn-abs-remotecon-513524
https://www.marinelink.com/news/liza-unity-first-fpso-earn-abs-remotecon-513524Grady Hurley, a partner and co-leader of the maritime litigation, arbitration, and dispute resolution team at Jones Walker LLP, has been elected president of the Maritime Law Association of the United States (MLA) during the organization’s general meeting held in New York City on May 3…
https://www.marinelink.com/news/grady-hurley-elected-president-maritime-513525
https://www.marinelink.com/news/grady-hurley-elected-president-maritime-513525The maritime transportation system, the lifeblood of global trade, is undergoing a digital revolution. Automation and artificial intelligence (AI) are transforming how ships operate and cargo moves. However, this increased reliance on technology…
https://www.marinelink.com/news/adversarial-seas-ai-evolving-cyber-threat-513526
https://www.marinelink.com/news/adversarial-seas-ai-evolving-cyber-threat-513526