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Busy Athens-based non-operating owner Erasmus Corp has taken its box fleet into double-digits with Alphaliner reporting another triple swoop this week. Erasmus is tied to the acquisition of the 2,741 teu Jeju Island for $20.5m as well as the 1,809 teu Kestrel and 1,696 teu Ela for an en bloc price of $45m. Erasmus has …
https://splash247.com/erasmus-box-fleet-hits-double-digits/
https://splash247.com/erasmus-box-fleet-hits-double-digits/The US on Tuesday announced fresh sanctions on Iranian oil sales to China, as president Donald Trump’s administration continues its “maximum pressure” campaign against Tehran. The US Treasury said that it is sanctioning nearly two dozen firms that it alleges facilitate Iran’s international oil trade. Sanctioned entities include so-called front companies based in China and Hong …
https://splash247.com/washington-issues-further-sanctions-aimed-at-irans-trade-with-china/
https://splash247.com/washington-issues-further-sanctions-aimed-at-irans-trade-with-china/The future of coal was one of the dominant topics crystal balled at this year’s Geneva Dry conference, with some panellists believing that last year saw the peak in seaborne trades. The panel, led by Benjamin Wilkes, chief operating officer of d’Amico’s dry cargo division, opened with coal’s largest importer, China, and discussed where the …
https://splash247.com/peak-coal-and-energy-security-dominate-discussion-at-geneva-conference/
https://splash247.com/peak-coal-and-energy-security-dominate-discussion-at-geneva-conference/A famous name in bunkering is to fade from view. Vitol and Grindrod have decided to close down their bunkering business, Cockett. The joint shareholders of the marine fuels and lubricants trader said the operation will be wound down in an orderly manner. Cockett will continue to fulfil all its existing obligations to both suppliers …
https://splash247.com/vitol-and-grindrod-winding-down-bunkering-firm-cockett/
https://splash247.com/vitol-and-grindrod-winding-down-bunkering-firm-cockett/Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of approximately 13,500 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close. The Suez Canal Authority said the offer was in “response to …
https://splash247.com/suez-canal-offers-discount-in-bid-to-lure-boxships-back/
https://splash247.com/suez-canal-offers-discount-in-bid-to-lure-boxships-back/A steering system failure led to a bulk carrier’s contact with a navigational aid in the St. Marys River near Sault Ste. Marie, Michigan, according to the National Transportation Safety Board.The bulk carrier American Mariner struck the Munuscong Channel Junction Light on March 28…
https://www.marinelink.com/news/steering-failure-caused-vessel-contact-525704
https://www.marinelink.com/news/steering-failure-caused-vessel-contact-525704Iron ore shipments on the Great Lakes totaled 3.7 million tons in April, a decrease of 18.7% compared to 2024. Shipments were 19.1% below the month’s five-year average.Year-to-date, the iron ore trade stands at 6.7 million tons, a decrease of 25.1% compared to a year ago.
https://www.marinelink.com/news/great-lakes-iron-ore-trade-down-april-525705
https://www.marinelink.com/news/great-lakes-iron-ore-trade-down-april-525705International Container Terminal Services, Inc.’s (ICTSI) Baltic Container Terminal (BCT), Gdynia, acting in coordination with the Port of Gdynia Authority, has completed Phase 1 of a two-phase major upgrade of its Helskie Quay.The project, implemented over 400 meters of quay line…
https://www.marinelink.com/news/phase-gdynia-quay-upgrade-complete-525706
https://www.marinelink.com/news/phase-gdynia-quay-upgrade-complete-525706Woodside Energy’s Scarborough energy project has achieved a major engineering milestone with the joining together of the topsides and hull for the Floating Production Unit (FPU).Constructed separately at two different fabrication yards in China…
https://www.marinelink.com/news/scarborough-fpus-topsides-hull-together-525713
https://www.marinelink.com/news/scarborough-fpus-topsides-hull-together-525713Seaward Services, Inc. (SSI), a subsidiary of Hornblower Group, announced its selection by the Maine State Ferry Service (MSFS) and the Maine State Department of Transportation for a new 5-year contract to provide supplementary marine crew services…
https://www.marinelink.com/news/ssi-inks-fiveyear-deal-maine-state-ferry-525679
https://www.marinelink.com/news/ssi-inks-fiveyear-deal-maine-state-ferry-525679