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John Kartsonas-led Breakwave Advisors yesterday debuted the world’s first tanker shipping exchange traded fund (ETF) on the New York Stock Exchange. The Breakwave Tanker Shipping ETF (BWET) provides long exposure to the crude oil tanker shipping market through a portfolio of near-dated futures contracts on indices that measure the cost of shipping crude oil. BWET …
https://splash247.com/worlds-first-oil-tanker-shipping-etf-starts-trading-in-new-york/
https://splash247.com/worlds-first-oil-tanker-shipping-etf-starts-trading-in-new-york/Twenty-five years ago, people remarked that about 40% of the world merchant fleet was owned in Asia. No-one finds anything remarkable in most of the world’s merchant ships being owned, financed, manned, managed, designed, and built in East Asia, today. People are starting to remark on the number of ships still owned and managed in …
https://splash247.com/east-and-west-but-always-just-in-time/
https://splash247.com/east-and-west-but-always-just-in-time/Iranian forces have seized an oil tanker in the Strait of Hormuz, the second such incident in less than a week. The US Navy said the Panama-flagged VLCC was seized by Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) around 6.20 hrs local time while transiting from the Arabian Gulf toward the port of Fujairah in …
https://splash247.com/iran-seizes-second-tanker-in-a-week/
https://splash247.com/iran-seizes-second-tanker-in-a-week/An injured crewmember was medevaced Wednesday from a Panamanian-flagged bulk carrier approximately 173 miles east of Morehead City, N.C., the U.S. Coast Guard said.Watchstanders with Coast Guard 5th District Command Center received a notification from the the 200-foot-long vessel PRT Ace…
https://www.marinelink.com/news/video-burn-victim-airlifted-bulk-carrier-504846
https://www.marinelink.com/news/video-burn-victim-airlifted-bulk-carrier-504846In a canyon at the Idaho border and alongside a bayou in Louisiana, two nearly identical cruise ships were just christened. American Cruise Lines announced today the christening of American Jazz and American Serenade. The sisterships are two…
https://www.marinelink.com/news/american-cruise-lines-christens-two-new-504847
https://www.marinelink.com/news/american-cruise-lines-christens-two-new-504847AAL Shipping has released a short film highlighting the design of its mega size 32,000dwt Super B-Class heavy lift vessels. The first, the AAL Limassol, is expected to be launched next year.The Super B-Class design was a collaboration between…
https://www.marinelink.com/news/video-first-look-aals-mega-heavy-lift-504851
https://www.marinelink.com/news/video-first-look-aals-mega-heavy-lift-504851Technology company ZeroNorth has signed a long-term strategic partnership with energy and commodity company Vitol.The deal will see Vitol gain full access to the ZeroNorth platform, and ZeroNorth customers will in turn gain access to Vitol’s…
https://www.marinelink.com/news/zeronorth-vitol-team-emissions-reporting-504853
https://www.marinelink.com/news/zeronorth-vitol-team-emissions-reporting-504853Huisman has launched myHuisman©, an online client portal which offers equipment owners a parts shop, a knowledge base and a technical library.Huisman developed the system in co-creation with its clients Fred. Olsen, Van Oord, amongst others.The…
https://www.marinelink.com/news/huisman-launches-digital-portal-equipment-504855
https://www.marinelink.com/news/huisman-launches-digital-portal-equipment-504855Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabelled as diluted bitumen in an effort to bypass import quotas.The checks, begun a month ago…
https://www.marinelink.com/news/chinas-clampdown-mislabelled-cargoes-504861
https://www.marinelink.com/news/chinas-clampdown-mislabelled-cargoes-504861More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters.
https://www.marinelink.com/news/venezuelas-oil-tankers-risk-sinking-fires-504868
https://www.marinelink.com/news/venezuelas-oil-tankers-risk-sinking-fires-504868