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Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the Russian company's international operations buckled under the strain of U.S. sanctions.The force majeure…
https://www.marinelink.com/news/lukoil-declares-force-majeure-iraq-532228
https://www.marinelink.com/news/lukoil-declares-force-majeure-iraq-532228China suspended for one year port fees levied on U.S.-linked vessels, its transport ministry said on Monday, after Washington announced a similar pause on punitive actions against China's shipping and shipbuilding sectors.The reciprocated pauses were in line with agreements reached by U.S.
https://www.marinelink.com/news/china-pauses-port-fees-uslinked-ships-one-532229
https://www.marinelink.com/news/china-pauses-port-fees-uslinked-ships-one-532229Oil prices edged higher on Monday as investors assessed moves aimed at ending the U.S. government shutdown while concerns around oversupply in the crude market persisted.Brent crude futures rose 43 cents, or around 0.7%, to $64.06 a barrel by 1409 GMT. U.S.
https://www.marinelink.com/news/oil-prices-rise-us-shutdown-talks-advance-532230
https://www.marinelink.com/news/oil-prices-rise-us-shutdown-talks-advance-532230Whether you're in offshore wind, grid operations, geotechnical engineering, or digital transformation, this session, in conjunction with Offshore Engineer, will offer actionable insights, live demos, and expert opinions on:Why cable heat matters…
https://www.marinelink.com/news/webinar-seequent-unlocks-subsea-532233
https://www.marinelink.com/news/webinar-seequent-unlocks-subsea-532233Iron ore touched multi-month lows on Monday amid concerns over demand in top consumer China and rising portside ore inventories, although falling shipments helped pare some losses in the afternoon trading. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade little changed at 765 yuan ($107.40) a metric ton. ...
https://www.hellenicshippingnews.com/iron-ore-hits-multi-month-lows-as-china-demand-concerns-linger/
https://www.hellenicshippingnews.com/iron-ore-hits-multi-month-lows-as-china-demand-concerns-linger/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-day winning streak on Monday, pressured by declining capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 20 points, or 1%, to 2,084 points. The capesize index ...
https://www.hellenicshippingnews.com/baltic-index-slips-as-capesize-rates-decline/
https://www.hellenicshippingnews.com/baltic-index-slips-as-capesize-rates-decline/Norway’s DOF Group has secured a long-term subsea services contract from BP covering work in the Atlantic region. The three-year firm deal, with two one-year extension options, will see DOF deploy one of its subsea vessels to support bp’s construction, installation, repair and maintenance (IRM) operations. Offshore work under the contract is scheduled to start …
https://splash247.com/dof-scores-bp-subsea-work-under-multi-year-contract/
https://splash247.com/dof-scores-bp-subsea-work-under-multi-year-contract/US-listed bulker owner Pangaea Logistics Solutions has sold its oldest vessel, the Bulk Freedom, as part of its ongoing fleet renewal programme. The Rhode Island-based company confirmed the deal, first reported by brokers in October, to sell the 2005-built supramax for $9.6m. The 52,500 dwt ship was built at Tadotsu Tsuneishi in Japan and acquired …
https://splash247.com/pangaea-offloads-its-oldest-bulker/
https://splash247.com/pangaea-offloads-its-oldest-bulker/Climate-tech start-up Calcarea and Dutch naval architect Aurelia Design have joined forces to develop a commercial ship design integrating ocean-based carbon capture technology. The partnership will combine Calcarea’s limestone weathering system — a process that removes CO₂ by accelerating its natural reaction with seawater and limestone — with Aurelia’s expertise in vessel design and systems …
https://splash247.com/newbuild-bulker-design-to-lock-away-carbon-at-sea/
https://splash247.com/newbuild-bulker-design-to-lock-away-carbon-at-sea/Greek bulker owner Diana Shipping has locked in a fresh charter for its 2015-built capesize Santa Barbara at a higher rate with Danish shipowner and operator Norden. The 179,426 dwt vessel will earn $25,500 per day, minus 5% commission, for a period running from a minimum of March 1, 2027, to a maximum of April …
https://splash247.com/diana-shipping-clinches-capesize-charter-upgrade-with-norden/
https://splash247.com/diana-shipping-clinches-capesize-charter-upgrade-with-norden/