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Green Yard Kleven will build hull modules for a vessel for Salthammer Båtbyggeri. Together, the two shipyards will deliver a complete vessel built in Norway. The modules will be constructed at the shipyard in Ulsteinvik and delivered to Salthammer…
https://www.marinelink.com/news/green-yard-kleven-receives-hull-543596
https://www.marinelink.com/news/green-yard-kleven-receives-hull-543596A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been extinguished, British navy affiliated agency UKMTO said, citing multiple sources.While there was no claim of responsibility, maritime security s
https://www.marinelink.com/news/vessel-struck-projectile-offshore-uae-543597
https://www.marinelink.com/news/vessel-struck-projectile-offshore-uae-543597Oil fell on Friday as Middle East supply concerns eased after President Donald Trump said the US would not attack Iran before midterm elections next month and talked of "productive" talks to end their war that has disrupted global energy markets.Plans by China…
https://www.marinelink.com/news/oil-prices-fall-trump-vows-not-attack-543598
https://www.marinelink.com/news/oil-prices-fall-trump-vows-not-attack-543598The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, declined for a fifth straight session on Friday, dropping about 2.2% to its lowest since August 25 at 3,002 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, slipped by 4% to its lowest ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-1-month-low-posts-weekly-loss/
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-1-month-low-posts-weekly-loss/New York-listed Greek bulker owner Diana Shipping has secured a 42% rate increase for its capesize GP Zafirakis in a new time charter with Classic Maritime. The 2014-built, 179,492 dwt vessel has been fixed at $38,000 per day, less a 5% commission, compared with the $26,800 per day currently paid by Japanese shipping giant NYK. …
https://splash247.com/diana-rolls-capesize-into-13m-fixture/
https://splash247.com/diana-rolls-capesize-into-13m-fixture/Odfjell-family-linked Larine Tankers has reportedly sold its two LR1 product tankers to UAE interests for a combined $110m, clearing out its existing fleet amid strong secondhand tanker prices. Shipbrokers have identified the vessels as the 2016-built Bluebird and Starling, both constructed at China’s New Times Shipbuilding. Splash understands the pair has changed hands for approximately …
https://splash247.com/larine-cashes-out-of-lr1-tankers-in-110m-uae-deal/
https://splash247.com/larine-cashes-out-of-lr1-tankers-in-110m-uae-deal/Norwegian shipping investment company Hunter Group’s dispute with an unnamed long-term VLCC charter counterparty has deepened further, with unpaid hire now approaching $68m after another substantial shortfall in September. The Oslo-listed company disclosed on Friday that its counterparty paid approximately $12.75m less than the amount due for September, marking the seventh consecutive month of reduced …
https://splash247.com/hunters-vlcc-charter-dispute-swells-to-nearly-68m/
https://splash247.com/hunters-vlcc-charter-dispute-swells-to-nearly-68m/Members of the UK P&I Club and TT Club have approved a merger to create United Transport Mutual Limited (UTM), a transport mutual covering shipping, logistics, ports, and terminals. Members voted at separate special general meetings on October 7 and 8, following member consultations that began in September. The merger is scheduled to take effect …
https://splash247.com/uk-pi-and-tt-club-merger-clears-member-vote/
https://splash247.com/uk-pi-and-tt-club-merger-clears-member-vote/Singapore-listed First Ship Lease Trust (FSL) has agreed to sell another ageing product tanker, continuing a series of disposals that has reduced its fleet over recent years. The trust said in a filing that subsidiary FSL-14 had struck a deal to sell the 2006-built Speciality to an unrelated buyer. The 4,426 dwt tanker was built …
https://splash247.com/fsl-cashes-in-on-another-veteran-product-tanker/
https://splash247.com/fsl-cashes-in-on-another-veteran-product-tanker/Shipping association BIMCO has adopted a new contractual framework designed to settle one of the industry’s longstanding commercial disputes: who pays for energy-saving upgrades when the charterer receives much of the financial benefit. The Copenhagen-based organisation announced that its Documentary Committee had approved the Energy Saving Device Retrofit Addendum 2026, giving shipowners and charterers a …
https://splash247.com/bimco-moves-to-break-ship-retrofit-cost-deadlock/
https://splash247.com/bimco-moves-to-break-ship-retrofit-cost-deadlock/