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A potentially significant new capesize tradelane is taking shape in Central Africa, with plans to move as much as 100m tonnes of iron ore a year from landlocked Central African Republic through Cameroon’s deepwater port of Kribi. Drewry estimates that if the proposed CAR-Kribi corridor reaches anything close to its planned scale, it could create …
https://splash247.com/kribi-iron-ore-corridor-lines-up-demand-for-80-capesizes/
https://splash247.com/kribi-iron-ore-corridor-lines-up-demand-for-80-capesizes/The Panama Canal is beginning to loosen restrictions after months of tightening, raising both allowable draft and daily transit capacity as rainfall improves the outlook for Gatun Lake. From October 15, the canal will increase neopanamax transits to 10 a day, taking combined neopanamax and panamax capacity to 33 daily slots. The maximum authorised draft …
https://splash247.com/rains-ease-water-pressure-at-the-panama-canal/
https://splash247.com/rains-ease-water-pressure-at-the-panama-canal/VLCC sale and purchase activity accelerated sharply in September, with 14 transactions registered compared with five in August, according to VesselsValue’s sales register, which has still to list sales from week 39. Tanker asset values have climbed, with five-year-old VLCCs reported at $180m, up 6.51% week-on-week, AXIA Shipbrokers reported. Disclosed transaction values reached approximately $1.54bn, …
https://splash247.com/vlcc-sp-activity-accelerates-sharply-in-september/
https://splash247.com/vlcc-sp-activity-accelerates-sharply-in-september/Merchant vessels are now queuing for naval escorts through the southern Red Sea, with the European Union admitting that its Aspides mission does not have enough warships to meet demand. EU foreign policy chief Kaja Kallas made the unusually stark admission following a meeting of European defence ministers in Brussels on Monday. “There are commercial …
https://splash247.com/red-sea-convoy-demand-overwhelms-eu-escort-capacity/
https://splash247.com/red-sea-convoy-demand-overwhelms-eu-escort-capacity/New analysis from Kpler has highlighted how headline port congestion figures can conceal substantial differences between individual terminals, potentially distorting carrier negotiations over rotations, service levels and pricing. Kpler compared two competing ports in the Netherlands and Belgium across 2,731 terminal calls involving 647 vessels above 5,000 teu over a trailing 12-month period. From January …
https://splash247.com/kpler-data-highlights-terminal-level-congestion-hidden-by-port-averages/
https://splash247.com/kpler-data-highlights-terminal-level-congestion-hidden-by-port-averages/Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran outweighed signs of recovering crude exports from the region.Brent crude futures for November LCOc1 rose $1.71…
https://www.marinelink.com/news/oil-rises-second-day-middle-east-supply-543317
https://www.marinelink.com/news/oil-rises-second-day-middle-east-supply-543317Maritime technology may be attracting more money, more founders and more attention than ever, but last week’s SplashTech Digital Leaders Forum in Singapore repeatedly returned to an uncomfortable question: can the sector produce genuinely scalable companies, or is most of the industry ultimately building acquisition targets? Opening the discussion, Su Yin Anand, CEO of GlobalOre …
https://splash247.com/maritime-techs-scale-problem-comes-under-the-spotlight-at-splash-singapore/
https://splash247.com/maritime-techs-scale-problem-comes-under-the-spotlight-at-splash-singapore/Mermaid Maritime has established a joint venture with Nigerian oilfield services company Marine Platforms Limited to pursue subsea work for TotalEnergies Nigeria and other oil and gas operators in the country.The new company, Mermaid Subsea Services Limited…
https://www.marinelink.com/news/mermaid-maritime-forms-nigerian-subsea-543291
https://www.marinelink.com/news/mermaid-maritime-forms-nigerian-subsea-543291Dajin Heavy Industry has selected Ulstein's ULSTEIN HX122 design for an offshore installation vessel capable of installing future 4XL monopiles, expanding the offshore wind foundation supplier's activities into offshore installation.The vessel…
https://www.marinelink.com/news/dajin-picks-ulstein-design-offshore-543294
https://www.marinelink.com/news/dajin-picks-ulstein-design-offshore-543294M2INTELLIGENCE announced the successful completion of the fleet-wide rollout of its GVMS solution across Newport's vessels, providing shore-based teams with direct access to live and recorded visual information from onboard operations.With GVMS deployed consistently across the fleet…
https://www.marinelink.com/news/mintelligence-gvms-solution-rolled-across-543298
https://www.marinelink.com/news/mintelligence-gvms-solution-rolled-across-543298