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An international group of shipping trade associations has sent a letter to UN Secretary General, António Guterres and IMO Secretary General, Arsenio Dominguez, calling for no compulsory tolls or charges to be introduced in the Strait of Hormuz and beyond.
https://www.marinelink.com/news/shipping-companies-release-joint-letter-541826
https://www.marinelink.com/news/shipping-companies-release-joint-letter-541826NOAA-supported scientists announced that this year’s Gulf of America hypoxic zone is approximately 1,332 square miles, making it the 2nd smallest zone on record in 40 years of measurement. Hypoxic areas, also called “dead zones,” are areas with little to no oxygen in the water…
https://www.marinelink.com/news/gulf-hypoxic-zone-found-smaller-expected-541827
https://www.marinelink.com/news/gulf-hypoxic-zone-found-smaller-expected-541827Phoenix International Holdings, Inc., announced the appointment of Travis Richardson as Hawai’i Area Manager.Richardson returns to Phoenix after his previous tenure from 2014 to 2019, where he led commercial diving operations, underwater ship repair projects…
https://www.marinelink.com/news/travis-richardson-appointed-phoenix-541828
https://www.marinelink.com/news/travis-richardson-appointed-phoenix-541828The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a fifth straight session on Wednesday, climbing by 4.3% to its highest since June 3 at 3,063 points, mainly supported by the larger segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and ...
https://www.hellenicshippingnews.com/baltic-dry-index-up-to-2-month-high/
https://www.hellenicshippingnews.com/baltic-dry-index-up-to-2-month-high/An Indian-flagged cargo vessel sunk yesterday in a suspected Houthi attack in the southern Red Sea, adding another casualty to the growing list of merchant ships caught up in the conflict off Yemen. Upping their campaign against commercial shipping, the Houthis claimed today that they had also hit a Bahri tanker, The mechanised sailing vessel …
https://splash247.com/indian-vessel-sunk-in-suspected-houthi-attack/
https://splash247.com/indian-vessel-sunk-in-suspected-houthi-attack/Russia has claimed strikes on four vessels and port infrastructure across Ukraine as the Black Sea has become the world’s most dangerous environment for commercial shipping. The Russian defence ministry said its forces hit three vessels in the port of Mykolaiv and another ship at sea off Odesa on Tuesday, alleging all four were being …
https://splash247.com/black-sea-attacks-choke-grain-coal-and-iron-ore-trades/
https://splash247.com/black-sea-attacks-choke-grain-coal-and-iron-ore-trades/Chinese ship leasing companies are using the Maltese flag to revive financing business with European owners, offering aggressive rates while seeking to distance vessels from mounting China-related trade and compliance risks. Chinese leasing houses are increasingly structuring bareboat charter transactions through Malta, an EU member state whose flag, tax regime and recently strengthened creditor protections …
https://splash247.com/chinese-lessors-use-malta-flag-to-rebuild-european-business/
https://splash247.com/chinese-lessors-use-malta-flag-to-rebuild-european-business/Greek owner Nautilus Management has entered the tanker newbuilding market with an order for up to two MR1 product and chemical carriers at China’s Wuhu Shipyard. Splash understands the deal covers one firm 41,000 dwt vessel and an option for a second. Delivery slots run from the third quarter of 2028 into early 2029, while …
https://splash247.com/greeces-nautilus-makes-tanker-newbuild-debut-at-wuhu/
https://splash247.com/greeces-nautilus-makes-tanker-newbuild-debut-at-wuhu/Greek offshore contractor Asso.subsea has been revealed as the buyer of the Reach Subsea and Eidesvik Offshore-owned IMR vessel Viking Reach. Eidesvik and Reach Subsea previously stated that the acquisition also includes a high-specification work-class ROV (WROV) spread. Completion of the transaction is expected in the early fourth quarter of 2026. Upon delivery, the vessel …
https://splash247.com/asso-subsea-unveiled-as-buyer-of-reach-and-eidesviks-imr-vessel/
https://splash247.com/asso-subsea-unveiled-as-buyer-of-reach-and-eidesviks-imr-vessel/Greek owner Goldenport Shipmanagement has reportedly doubled its ultramax newbuilding programme at China’s Nantong Xiangyu Shipbuilding & Offshore Engineering, adding two more vessels. Broker database entries show the John Dragnis-led company behind two fresh 63,500 dwt hulls, both scheduled for delivery in 2029. The ships follow a pair ordered in June at a reported price …
https://splash247.com/goldenport-lifts-ultramax-newbuild-bet/
https://splash247.com/goldenport-lifts-ultramax-newbuild-bet/