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Hungarian oil and gas group MOL and state-owned energy company MVM will jointly charter tankers to ship up to 160,000 metric tons of crude oil a year from Azerbaijan to further diversify energy supply for Hungary and Slovakia, MOL said on Thursday.The companies will both transport crude oil to the C
https://www.marinelink.com/news/mol-mvm-jointly-charter-oil-azerbaijan-526071
https://www.marinelink.com/news/mol-mvm-jointly-charter-oil-azerbaijan-526071China and the Philippines traded accusations on Thursday following a confrontation between two of their vessels in contested waters of the South China Sea, the latest incident in a long-running maritime standoff in the strategic waterway.The…
https://www.marinelink.com/news/china-philippines-blame-south-china-sea-526076
https://www.marinelink.com/news/china-philippines-blame-south-china-sea-526076Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG…
https://www.marinelink.com/news/egypt-talks-buy-lng-cargoes-amidst-energy-526077
https://www.marinelink.com/news/egypt-talks-buy-lng-cargoes-amidst-energy-526077The shipping industry faces mounting regulatory pressure to mitigate the transfer of invasive species via hull biofouling. The global detrimental impacts of sea vomit (Didemnum vexillum) is just one stark example of the damage caused by unmanaged hull fouling.
https://www.marinelink.com/news/ecosubsea-closedloop-hull-cleaning-a-526080
https://www.marinelink.com/news/ecosubsea-closedloop-hull-cleaning-a-526080Chem Carriers has completed the repower of the M/VCapt. Robert J. Banta, marking the final vessel in its current fleet to be powered by Laborde Products-supplied Mitsubishi engines. The twin-screw towboat is now running on twin Mitsubishi Tier 3 S12R-Y3MPTAW engines…
https://www.marinelink.com/news/chem-carriers-finalizes-fleetwide-shift-526081
https://www.marinelink.com/news/chem-carriers-finalizes-fleetwide-shift-526081Oil producer Chevron's U.S. license to operate in Venezuela will expire on May 27 as planned, Secretary of State Marco Rubio said in a post on his personal X account.Rubio's post contradicted U.S. special envoy Richard Grenell's contention on…
https://www.marinelink.com/news/chevrons-venezuela-oil-license-expire-may-526083
https://www.marinelink.com/news/chevrons-venezuela-oil-license-expire-may-526083Prices of Dalian iron ore futures traded within a thin range on Thursday as investors weighed resilient demand for the steelmaking ingredient in top consumer China against rising shipments from leading producers Australia and Brazil. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% higher at 727 yuan ...
https://www.hellenicshippingnews.com/dalian-iron-ore-rangebound-as-traders-weigh-china-demand-higher-shipments/United Maritime Corporation, announced yesterday its financial results for the first quarter ended March 31, 2025. The Company also declared a quarterly dividend of $0.01 per common share for the first quarter of 2025. For the quarter ended March 31, 2025, the Company generated Net Revenues of $7.8 million compared to $10.6 million in the ...
https://www.hellenicshippingnews.com/united-maritime-remains-optimistic-about-future-dry-bulk-markets-prospects/With growing industry attention focused on the latest USTR port fees, we take a closer look at the evolution of the dry bulk fleet, particularly in light of a noticeable slowdown in new contracting activity. According to Signal Ocean Orderbook Data Analytics – Dry Bulk Fleet Projection Analysis, between 2020 In 2024, the global dry ...
https://www.hellenicshippingnews.com/dry-bulk-weekly-monitor-dry-bulk-fleet-growth-2025-2026/
https://www.hellenicshippingnews.com/dry-bulk-weekly-monitor-dry-bulk-fleet-growth-2025-2026/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, breaking a three-session losing streak on the back of stronger demand in the capesize segment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, gained 4 points, or 0.3%, to 1,341. ...
https://www.hellenicshippingnews.com/baltic-dry-index-snaps-3-session-losing-streak-on-capesize-strength/