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Russian forces repeatedly struck a German-owned bulk carrier off Odesa this week, including an attack as its crew was abandoning ship. The Liberian-flagged, 175,000 dwt Emil, linked to Hamburg-based Johann M. K. Blumenthal, was hit by several Russian drones on August 5 around 21 nautical miles from Odesa. Technical systems were disabled, a fire broke …
https://splash247.com/german-bulker-hit-repeatedly-in-russian-drone-attack/
https://splash247.com/german-bulker-hit-repeatedly-in-russian-drone-attack/Abu Dhabi-listed ADNOC Logistics & Services has put $1.3bn to work on an 11-ship buying spree, picking up six VLCCs and five VLGCs through secondhand and newbuild resale deals. Nine ships – all six VLCCs and three VLGCs – have been acquired on the secondhand market and are due for delivery in the third quarter. …
https://splash247.com/adnoc-ls-makes-1-3bn-vlcc-and-vlgc-swoop/
https://splash247.com/adnoc-ls-makes-1-3bn-vlcc-and-vlgc-swoop/Japanese insurer Sompo Japan has launched what it claims is the shipping industry’s first insurance coverage specifically targeting economic losses caused by radio interference with ship navigation systems. The new cover, available from this month, compensates owners when interference with satellite positioning systems leaves a vessel unable to operate even though the ship has suffered …
https://splash247.com/sompo-moves-to-close-gps-jamming-insurance-gap/
https://splash247.com/sompo-moves-to-close-gps-jamming-insurance-gap/The 8,401 teu MSC Silvana VIII has sunk deeper into the water off Zhoushan after attempts to refloat the grounded containership failed, with local media showing much of the vessel now submerged. The 20-year-old, 332 m long ship entered the Zhoushan ship repair area on June 22 after arriving from Gwangyang, South Korea. It then …
https://splash247.com/msc-boxship-sinks-deeper-off-zhoushan-after-failed-refloating/
https://splash247.com/msc-boxship-sinks-deeper-off-zhoushan-after-failed-refloating/Singapore-headquartered SeaLead Shipping is being liquidated, marking the final chapter in one of container shipping’s most dramatic rises and falls of recent years. Splash understands the company has moved into liquidation following sweeping US sanctions imposed last month that effectively cut the liner operator off from normal international business. The move comes little more than …
https://splash247.com/us-sanctions-push-sealead-shipping-into-liquidation/
https://splash247.com/us-sanctions-push-sealead-shipping-into-liquidation/For centuries, the commercial appeal of the sea has rested on a simple proposition: once outside territorial waters, ships could move with comparatively few physical barriers. The oceans were the great open infrastructure of globalisation. That assumption is weakening, as many of the stories covered this week by Splash attest. The clearest example is the …
https://splash247.com/splash-wrap-the-sea-acquires-its-gates/
https://splash247.com/splash-wrap-the-sea-acquires-its-gates/Iran is considering banning US- and Israeli-linked vessels from transiting the Strait of Hormuz as Tehran and Oman move closer to agreeing a new system for managing traffic through the waterway. A draft bill before Iran’s parliament would prohibit vessels belonging to the US, Israel and other countries Tehran considers hostile from using the strait …
https://splash247.com/iran-weighs-ban-on-us-and-israeli-ships-in-hormuz/
https://splash247.com/iran-weighs-ban-on-us-and-israeli-ships-in-hormuz/South Korea is pushing to establish a larger presence in green ship recycling, with Elegant Exit Company teaming up with local recycler RM Company and ISSAC Green Tech to develop what the partners say could become one of Asia’s largest dismantling hubs. The three companies have signed a memorandum of understanding covering a facility capable …
https://splash247.com/south-korea-makes-play-for-large-scale-ship-recycling/
https://splash247.com/south-korea-makes-play-for-large-scale-ship-recycling/ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export…
https://www.marinelink.com/news/adnoc-ls-acquires-vessels-b-fleet-541881
https://www.marinelink.com/news/adnoc-ls-acquires-vessels-b-fleet-541881Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz, as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules.Brent crude futures LCOc1 were up 85 cents…
https://www.marinelink.com/news/oil-climbs-hormuz-transit-plan-raises-541883
https://www.marinelink.com/news/oil-climbs-hormuz-transit-plan-raises-541883