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The European Union has expanded its sanctions regime against Russia, targeting shipping-linked operations of energy giants Gazprom and Lukoil as part of a fresh package aimed at curbing Moscow’s energy revenues and disrupting the so-called shadow fleet. EU governments added 34 individuals and 47 entities to the sanctions list on Monday, with several measures focused …
https://splash247.com/shipping-arms-of-gazprom-and-lukoil-hit-in-latest-eu-sanctions-round/
https://splash247.com/shipping-arms-of-gazprom-and-lukoil-hit-in-latest-eu-sanctions-round/Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has re-entered the newbuilding market with an order for two kamsarmax bulk carriers in China. Multiple shipbuilding sources indicate the Athens-based owner has contracted New Dayang Shipbuilding for a pair of 82,000 dwt vessels slated for delivery in 2029. The order marks Iolcos’ first known newbuilding move …
https://splash247.com/iolcos-returns-to-newbuild-market-with-kamsarmax-pair-in-china/
https://splash247.com/iolcos-returns-to-newbuild-market-with-kamsarmax-pair-in-china/Greek container ship owner Euroseas has expanded its newbuilding programme in China, exercising options for two additional 1,800 teu feeder containerships at Nantong CIMC Sinopacific Offshore & Engineering. The Nasdaq-listed company said the vessels will be delivered in December 2028 and March 2029. Each ship carries a price tag of about $32.26m and will be …
https://splash247.com/euroseas-boosts-boxship-order-backlog/
https://splash247.com/euroseas-boosts-boxship-order-backlog/CMA CGM is set to strengthen its air cargo operations through the planned acquisition of Crystal Aero Solutions, a French aircraft maintenance company that already supports the carrier’s growing freighter fleet. The Marseille-based transport and logistics group has signed a preliminary agreement to acquire Crystal Aero Solutions, subject to the completion of employee consultation procedures. …
https://splash247.com/cma-cgm-moves-to-acquire-aircraft-maintenance-specialist/
https://splash247.com/cma-cgm-moves-to-acquire-aircraft-maintenance-specialist/The Strait of Hormuz remains one of the world’s most dangerous waterways despite diplomatic progress toward reopening the vital shipping artery, with explosions reported in the area, vessels still requiring military protection and uncertainty lingering over when normal trade can resume. Several explosions were heard in the strait on Monday, while reports also emerged that …
https://splash247.com/hormuz-threat-level-stays-severe-despite-peace-breakthrough/
https://splash247.com/hormuz-threat-level-stays-severe-despite-peace-breakthrough/ABS and MOBY Robotics Inc. have signed a memorandum of understanding (MoU) to advance technologies supporting subsea mining and offshore mineral transport.The MoU establishes a framework for ABS to support MOBY in the development, certification…
https://www.marinelink.com/news/abs-moby-robotics-sign-mou-subsea-mining-540322
https://www.marinelink.com/news/abs-moby-robotics-sign-mou-subsea-mining-540322Shipowners with older or harder-to-place vessels may have a stronger opportunity to test the recycling market over the coming months, as limited demolition supply continues to support recycler appetite despite weaker steel conditions in some…
https://www.marinelink.com/news/shipowners-test-opportunities-recycling-540324
https://www.marinelink.com/news/shipowners-test-opportunities-recycling-540324Stena Line has signed an agreement with the Swedish Transport Administration (Trafikverket) that secures the continued operation of rail ferry services between Sweden and Germany. The agreement, the first of its kind, ensures that traffic on…
https://www.marinelink.com/news/agreement-secures-continued-rail-ferry-540325
https://www.marinelink.com/news/agreement-secures-continued-rail-ferry-540325A supply boat sunk off Pasir Panjang Terminal on June 12 at about 9.30am after colliding with a landing craft. The Maritime and Port Authority of Singapore (MPA), Police Coast Guard and SCDF Marine Division, immediately activated their crafts…
https://www.marinelink.com/news/three-dead-supply-boat-sinks-singapore-540326
https://www.marinelink.com/news/three-dead-supply-boat-sinks-singapore-540326Britain imposed fresh sanctions on Russia on Tuesday, targeting Yandex Bank, a network linked to Russian military intelligence and dozens of vessels accused of shipping Russian oil and gas to third countries as part of Moscow’s "shadow fleet."The package, covering 70 new designations, also covered i
https://www.marinelink.com/news/uk-expands-russia-sanctions-focus-shadow-540330
https://www.marinelink.com/news/uk-expands-russia-sanctions-focus-shadow-540330