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Nasdaq-listed OceanPal has completed its exit from shipping, selling the holding company behind its remaining fleet as the former Diana Shipping spin-off shifts entirely into artificial intelligence and digital assets. The company transferred all its interests in OP Vessel Holdco to Sezali Inc on July 31. Rather than receiving cash, OceanPal secured the cancellation of …
https://splash247.com/oceanpal-exits-shipping-to-go-all-in-on-ai/
https://splash247.com/oceanpal-exits-shipping-to-go-all-in-on-ai/Iran and Oman are expected to unveil a new traffic arrangement for the Strait of Hormuz imminently, potentially redrawing established shipping lanes and giving Tehran a formal role in overseeing vessels entering the Persian Gulf. Iran’s foreign ministry said the two countries had agreed the geographical coordinates of a proposed route and were completing a …
https://splash247.com/iran-and-oman-close-in-on-new-hormuz-traffic-regime/
https://splash247.com/iran-and-oman-close-in-on-new-hormuz-traffic-regime/A surge in attacks on ships, ports and export terminals in the Black Sea is disrupting global supplies of grain and oil, turning the region into the latest strategic trade chokepoint to be hit by escalating conflict.The Black Sea is a vital route for shipments of grain…
https://www.marinelink.com/news/black-sea-attacks-strain-global-commodity-541820
https://www.marinelink.com/news/black-sea-attacks-strain-global-commodity-541820Global seaborne bauxite trade has more than tripled in a decade and is running at another record pace in 2026, driven overwhelmingly by shipments from Guinea to China. Ocean loadings rose from 81.3m tonnes in 2016 to a record 247.5m tonnes last year, according to analysis from Ursa Shipbrokers. Volumes reached 160.5m tonnes in the …
https://splash247.com/global-bauxite-trade-triples-in-a-decade/
https://splash247.com/global-bauxite-trade-triples-in-a-decade/Scottish maritime technology company Tymor Marine has completed a lightweight survey and inclining test aboard the Global Mercy using Tymor’s own digital survey technologies.With 7,000 square meters of medical facilities, six operating theatres and 200 hospital beds…
https://www.marinelink.com/news/tymor-marine-conducts-digital-survey-541814
https://www.marinelink.com/news/tymor-marine-conducts-digital-survey-541814One year from today, Americans will have the opportunity to experience the National Coast Guard Museum, the first national museum dedicated to preserving and sharing the history, heritage, and missions of the Coast Guard. The museum will open to the public during the week of Aug.
https://www.marinelink.com/news/us-first-national-coast-guard-museum-set-541818
https://www.marinelink.com/news/us-first-national-coast-guard-museum-set-541818Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran's Foreign Ministry…
https://www.marinelink.com/news/iran-oman-agree-coordinates-hormuz-route-541821
https://www.marinelink.com/news/iran-oman-agree-coordinates-hormuz-route-541821Gulf countries' crude oil and condensate exports were largely steady in July and remained about 40% below pre-war levels, shipping data showed, with signs of a slowdown emerging in the second half of the month as fighting in the region intensified…
https://www.marinelink.com/news/gulf-oil-exports-stabilize-july-541822
https://www.marinelink.com/news/gulf-oil-exports-stabilize-july-541822A few months ago, I authored an article for Marine News focused on just one of the many successful features of the Oil Pollution Act of 1990 (“OPA 90,” Pub. L. No. 101-380 (1990)) — Alaska’s regional citizen advisory councils (RCACs). The Prince…
https://www.marinelink.com/news/opa-deepwater-horizon-a-law-worked-better-541824
https://www.marinelink.com/news/opa-deepwater-horizon-a-law-worked-better-541824When the EXXON VALDEZ ran aground in Prince William Sound on March 24, 1989, it was an action-forcing event that led to what was the most substantial overhaul of our federal oil spill prevention, preparedness, and response regime in the Nation’s history.
https://www.marinelink.com/news/potential-benefits-a-regional-citizens-541825
https://www.marinelink.com/news/potential-benefits-a-regional-citizens-541825