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Physical crude oil cargoes are selling at steep discounts around the world, changing trade flows as markets come under pressure from fast-rising Middle Eastern supply with Iran set to boost sales following a temporary reprieve from U.S. sanctions.The discounts…
https://www.marinelink.com/news/physical-crude-cargoes-drop-middle-540614
https://www.marinelink.com/news/physical-crude-cargoes-drop-middle-540614Master Boat Builders delivered Saturn for Suderman & Young Towing Company, the first vessel in a new series of Rapport 3000 escort tugs. Saturn is the first of four vessels in this series.Saturn continues to raise the bar in escort tug capability. Measuring 98 x 43 ft.
https://www.marinelink.com/news/suderman-young-gets-new-rapport-escort-540622
https://www.marinelink.com/news/suderman-young-gets-new-rapport-escort-540622The United States, Britain, France and Germany raised the alarm on Wednesday over recent Chinese activities off the east coast of Taiwan, where China has mounted Coast Guard patrols, saying they threaten regional stability and freedom of navigation.China…
https://www.marinelink.com/news/us-uk-france-germany-echo-alarm-chinese-540626
https://www.marinelink.com/news/us-uk-france-germany-echo-alarm-chinese-540626Taking your children or grandchildren for a ride on the Merry-Go Round may be a pleasant past memory. With that memory, we are asking to think about your choice of the best horse as you board the platform. A decision resting upon what you want out of the ride.
https://www.marinelink.com/news/welcome-us-shipping-merrygoround-540627
https://www.marinelink.com/news/welcome-us-shipping-merrygoround-540627Brazilian and Mexican state-owned oil and gas companies, Petrobras and Pemex, have signed a memorandum of understanding to establish strategic and technical cooperation for the joint evaluation, development, and execution of hydrocarbon industry projects. The partnership includes developing opportunities in exploration and production and industrial processes, as well as exchanging experiences on the sector’s regulatory …
https://splash247.com/petrobras-eyes-gulf-of-mexico-opportunities-through-pemex-alliance/
https://splash247.com/petrobras-eyes-gulf-of-mexico-opportunities-through-pemex-alliance/Australian crew management and maritime workforce solutions provider Siera Marine Management has been awarded funding under the Australian government’s Maritime Skills and Training Initiative (MSTI) to deliver a major program to increase the number of qualified seafarers. The Australian Maritime Workforce Development – Sea Time Support Project will provide qualifying sea-time placements for 49 trainees …
https://splash247.com/australian-sea-time-support-scheme-targets-shortage-of-qualified-seafarers/
https://splash247.com/australian-sea-time-support-scheme-targets-shortage-of-qualified-seafarers/Oslo-listed car carrier operator Wallenius Wilhelmsen has extended a shipping contract with a major European carmaker in a deal worth around $420m. The three-year extension will run from mid-2028 to mid-2031 and comes on top of about $180m in remaining value under the existing agreement. Wallenius Wilhelmsen said the extension was agreed early and would …
https://splash247.com/wallenius-wilhelmsen-adds-420m-to-car-shipping-contract/
https://splash247.com/wallenius-wilhelmsen-adds-420m-to-car-shipping-contract/Shanghai-listed Jinjiang Shipping has firmed up options for four more 1,900 teu containerships at Yangzijiang Shipbuilding, doubling its latest feeder newbuilding programme. The Shanghai International Port Group-controlled carrier said its wholly owned subsidiary Manqiang Shipping has signed contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Hongyuan Shipbuilding for the additional quartet. The contracts are …
https://splash247.com/jinjiang-shipping-doubles-yangzijiang-boxship-order/
https://splash247.com/jinjiang-shipping-doubles-yangzijiang-boxship-order/Turkey’s EOS Group has emerged in the newbuilding market with a four-ship dry bulk order at Jiangsu Dajin Heavy Industry in China. The contracts cover two 40,400 dwt handysize bulkers and two 64,500 dwt ultramaxes, according to g a filing by Dajin’s parent Bestway Marine & Energy Technology. The two handysizes are scheduled for delivery …
https://splash247.com/turkish-owner-eos-lines-up-four-bulker-newbuilds-in-china/
https://splash247.com/turkish-owner-eos-lines-up-four-bulker-newbuilds-in-china/GTT has secured an order from the shipyard Samsung Heavy Industries for the tank design of three new liquefied natural gas (LNG) carriers, on behalf of an American ship-owner.GTT will design the cryogenic tanks of the vessels, each offering a total capacity of 174,000 m3.
https://www.marinelink.com/news/samsung-heavy-orders-lng-carrier-tanks-540595
https://www.marinelink.com/news/samsung-heavy-orders-lng-carrier-tanks-540595