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Container shipping is faced with a supply/demand imbalance through to the end of the decade, according to new analysis from Asian consultancy Linerlytica. A slowing global economy alongside record amounts of newbuild tonnage pouring out of Asian shipyards is anticipated to put the brakes on earnings with the 2020s, to date, having been the most …
https://splash247.com/oversupply-forecast-to-haunt-liner-markets-into-2029/
https://splash247.com/oversupply-forecast-to-haunt-liner-markets-into-2029/Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see BRS methodology for assessing what constitutes a grey tanker at end of article) — comprising oil tankers over 3,000 dwt — …
The Australian Government is accelerating the delivery of a larger and more lethal surface combatant fleet with the selection of the upgraded Japanese Mogami-class frigate as the preferred platform for the Royal Australian Navy’s future fleet…
https://www.marinelink.com/news/australia-chooses-japanese-frigate-design-528654
https://www.marinelink.com/news/australia-chooses-japanese-frigate-design-528654The US Bureau of Ocean Energy Management (BOEM) has announced a direct final rule rescinding a section of its regulations that outlined the renewable energy lease sale schedule.Under the rescinded regulation, BOEM required the Secretary of the…
https://www.marinelink.com/news/boem-rescinds-offshore-renewable-energy-528655
https://www.marinelink.com/news/boem-rescinds-offshore-renewable-energy-528655The US Coast Guard rescued four people from a sinking tug in the Gulf of Alaska, Friday.Watchstanders at the Coast Guard Arctic District command center in Juneau received a report at approximately 10:17 a.m. that the 110-foot tug vessel Sea Ranger was taking on water 130 miles south of Cordova…
https://www.marinelink.com/news/us-coast-guard-rescues-four-sinking-tug-528656
https://www.marinelink.com/news/us-coast-guard-rescues-four-sinking-tug-528656Bristol Harbor Group, Inc. (BHGI) has welcomed Gordon Fream as a naval architect to its naval architecture and marine engineering firm. Gordon holds a bachelor’s degree in Naval Architecture and Marine Engineering from the University of Michigan.Before joining BHGI…
https://www.marinelink.com/news/bristol-harbor-group-welcomes-naval-528638
https://www.marinelink.com/news/bristol-harbor-group-welcomes-naval-528638The Philippine and Indian navies have sailed together for the first time in the South China Sea, officials said on Monday, as President Ferdinand Marcos left Manila for New Delhi for a state visit.The Philippines has conducted "maritime cooperative…
https://www.marinelink.com/news/philippines-india-navies-hold-first-joint-528639
https://www.marinelink.com/news/philippines-india-navies-hold-first-joint-528639In the high-stakes world of marine fuel procurement, where average deliveries can exceed $1 million, precision and accountability are everything. Veritas Petroleum Services (VPS) has been conducting Bunker Quantity Surveys (BQS) since 1987 and has delivered close to 200…
https://www.marinelink.com/news/vps-power-precision-bunker-quantity-528645
https://www.marinelink.com/news/vps-power-precision-bunker-quantity-528645Panama's maritime authority (AMP) said on Monday it has launched a process to cancel the registrations of 17 vessels included in a list of sanctions from the U.S.
https://www.marinelink.com/news/panama-maritime-authority-cancel-528646
https://www.marinelink.com/news/panama-maritime-authority-cancel-528646Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian…
https://www.marinelink.com/news/india-oil-corp-buys-us-middle-eastern-528647
https://www.marinelink.com/news/india-oil-corp-buys-us-middle-eastern-528647