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HD Hyundai has entered into a strategic partnership with an American shipbuilder. South Korea’s largest shipbuilder will work with Edison Chouest Offshore (ECO) to get mid-sized LNG dual-fuel containerships built in the US by 2028. ECO operates five shipyards across the US and is best known for its production of offshore support vessels. HD Hyundai …
https://splash247.com/edison-chouest-offshore-to-build-boxships-with-hd-hyundai/
https://splash247.com/edison-chouest-offshore-to-build-boxships-with-hd-hyundai/Shandong Marine Group has swelled its orderbook of very large ore carriers (VLOCs) at Qingdao Beihai Shipbuilding. The Chinese state-run shipping firm has contracted for ten 325,000 dwt guaibamax units to take its newbuilding series booked at the yard to 16 vessels. In December 2023, Shandong Marine signed a contract to build four VLOCs, with …
https://splash247.com/shandong-marine-signs-for-10-vloc-newbuilds/
https://splash247.com/shandong-marine-signs-for-10-vloc-newbuilds/The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarksons Research, hit a new high for 2025 on Friday, ahead of the decision by the US to strike Iran, something that will likely see the index, seen as a key shipping barometer, climb higher this week. …
https://splash247.com/clarksea-index-hits-year-high-ahead-of-american-strikes-on-iran/
https://splash247.com/clarksea-index-hits-year-high-ahead-of-american-strikes-on-iran/Shipping stock prices surged in Asia today on the back of the fast-escalating geopolitical crisis in the Middle East, with Iranian politicians threatening to shut down the Strait of Hormuz after US airstrikes on key nuclear sites. Iran’s parliament has voted to block the Strait of Hormuz, a move that would need final approval from …
https://splash247.com/us-airstrikes-on-iran-spark-memories-of-previous-tanker-wars/
https://splash247.com/us-airstrikes-on-iran-spark-memories-of-previous-tanker-wars/The Shell-led LNG Canada facility has produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project confirmed on Sunday.The milestone comes in advance of the facility loading its first LNG export cargo, which…
https://www.marinelink.com/news/lng-canada-produces-first-lng-export-527161
https://www.marinelink.com/news/lng-canada-produces-first-lng-export-527161A Yemeni Houthi official said on Sunday that the Iran-aligned group's response to the U.S. attack on Iran was "only a matter of time."Mohammed al-Bukhaiti, a member of the Houthi movement's political bureau, told Al Jazeera Mubasher TV that…
https://www.marinelink.com/news/houthis-response-us-attack-a-matter-time-527162
https://www.marinelink.com/news/houthis-response-us-attack-a-matter-time-527162The Hong Kong Convention enters into force on June 26, 2025, and DNV reminds shipowners that all internationally trading vessels of 500 GT and above will need to have on board an International Certificate on Inventory of Hazardous Materials (ICIHM) at the latest by June 26…
https://www.marinelink.com/news/hong-kong-convention-requires-shipowners-527163
https://www.marinelink.com/news/hong-kong-convention-requires-shipowners-527163Ethical Farming Ireland has joined 21 other NGOs calling on EU Commissioner for Health and Animal Welfare Olivér Várhelyi to suspend all shipments of livestock to Israel following the escalation in conflict with Iran.The call comes after a missile…
https://www.marinelink.com/news/missile-strikes-close-livestock-carrier-527164
https://www.marinelink.com/news/missile-strikes-close-livestock-carrier-527164The tension surrounding the US attack on Iran saw the Baltic Exchange Dry Index (BDI) fall a massive 3.5% down to its lowest level seen over the last two weeks, erasing most recent gains as Friday closed, reports cash buyer GMS. Leading the…
https://www.marinelink.com/news/landmark-week-ahead-ship-recyclers-527167
https://www.marinelink.com/news/landmark-week-ahead-ship-recyclers-527167Philippos Ioulianou, managing director of Emissionlink, on what shipping has learned from the EU ETS. In less than 100 days, shipping companies operating in Europe face a critical test as the deadline for surrendering carbon allowances under EU ETS is September 30. Miss the deadline, and the consequences could be severe, Costly fines, exclusion from …
https://splash247.com/100-days-to-surrender/
https://splash247.com/100-days-to-surrender/