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Japanese owners continue to cash in as buyer appetite for quality Japanese-built tonnage pushes values higher. This week sources have revealed an exceptionally rare sale by Doun Kisen, one of Japan’s largest private tonnage providers. The Okochi family-controlled firm is trimming its 20-ship strong cape arm, selling the 2022-built Princess Eternity for around $78m. The 182,00 …
https://splash247.com/four-year-old-cape-fetches-78m/
https://splash247.com/four-year-old-cape-fetches-78m/Capesize owners counting on Simandou to transform dry bulk shipping may need to temper their expectations, with growing evidence that much of the new Guinea-China iron ore trade is developing into a tightly controlled conveyor belt dominated by very large ore carriers. Broker SSY noted in a new market report that VLOCs of more than …
https://splash247.com/chinas-vloc-conveyor-belt-threatens-to-dilute-simandou-cape-upside/
https://splash247.com/chinas-vloc-conveyor-belt-threatens-to-dilute-simandou-cape-upside/Ukraine is seeking a halt to attacks on civilian shipping in the Black Sea even as its expanding maritime war against Russia stretches more than 1,000 km north to one of Moscow’s most important Baltic energy export hubs. Kyiv has proposed through a third party that Russia and Ukraine mutually suspend attacks on civilian targets …
https://splash247.com/ukraine-seeks-black-sea-shipping-truce-as-drones-hit-ust-luga/
https://splash247.com/ukraine-seeks-black-sea-shipping-truce-as-drones-hit-ust-luga/As shipowners place their first investments in ethanol-fuelled ships, engine technology is well prepared for growing uptake of the biofuel, writes Andrea Lazzaro, head of business intelligence at WinGD. When one of the world’s biggest dry bulk charterers backs a new alternative fuel type, the industry takes notice. But to anyone paying attention over the …
https://splash247.com/ethanol-emerges-as-a-marine-fuel-with-big-name-backing/
https://splash247.com/ethanol-emerges-as-a-marine-fuel-with-big-name-backing/Seven workers have been reported dead after a toxic gas leak at a ship recycling yard in Bangladesh. The accident occurred on Friday morning at Ferdous Steel Ship Recycling Industries in Bhatiyari, Sitakunda, a facility authorised under the IMO’s Hong Kong Convention on ship recycling. Local news agency UNB reported that two workers died at …
https://splash247.com/seven-die-in-toxic-gas-leak-at-bangladesh-shipbreaking-yard/
https://splash247.com/seven-die-in-toxic-gas-leak-at-bangladesh-shipbreaking-yard/Minsheng Financial Leasing has lined up four VLCC newbuildings in China in a deal worth around $500m, extending a rapid run of charter-backed shipping investments by the Chinese lessor. Shipbuilding sources have linked Minsheng to four 319,000 dwt vessels at Jiangsu New Hantong Ship Heavy Industry, priced at around $125m each. The quartet is being …
https://splash247.com/minsheng-steps-up-tanker-push-with-500m-vlcc-order/
https://splash247.com/minsheng-steps-up-tanker-push-with-500m-vlcc-order/U.S. President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday.Trump…
https://www.marinelink.com/news/trump-orders-navy-return-steam-catapults-542104
https://www.marinelink.com/news/trump-orders-navy-return-steam-catapults-542104The theme of Danish Shipping’s 2026 Diversity Award is “Small Changes, Big Impact,” and with the jury naming Hafnia this year’s winner, the company has now received Danish Shipping’s Diversity Award three times since it was first presented in 2022.In reaching its decision…
https://www.marinelink.com/news/hafnia-wins-danish-shippings-diversity-542106
https://www.marinelink.com/news/hafnia-wins-danish-shippings-diversity-542106L3Harris Technologies has opened a new 50,000-square-foot maritime production facility at ProvPort in Providence, marking the completion of a $6 million investment to design, produce and deliver advanced undersea training systems for the U.S.
https://www.marinelink.com/news/lharris-opens-rhode-island-facility-542107
https://www.marinelink.com/news/lharris-opens-rhode-island-facility-542107Shipping lenders and investors risk repeating the mistakes made by Europe's electricity utilities and their financiers a decade ago, and the financial fallout could reach far beyond individual shipowners to lenders, investors, cargo owners and other supply-chain stakeholders…
https://www.marinelink.com/news/shipping-risks-repeating-stranded-asset-542108
https://www.marinelink.com/news/shipping-risks-repeating-stranded-asset-542108