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The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after bombing Tehran's key…
https://www.marinelink.com/news/us-hits-iranian-shipping-network-new-528506
https://www.marinelink.com/news/us-hits-iranian-shipping-network-new-528506The US Bureau of Ocean Energy Management (BOEM) has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf (OCS).BOEM says the action is being taken in accordance with Secretary’s Order 3437 - Ending Preferential Treatment for Unreliable…
https://www.marinelink.com/news/us-cancels-designated-wind-energy-areas-528507
https://www.marinelink.com/news/us-cancels-designated-wind-energy-areas-528507Artemis Technologies is leading a feasibility study on the establishment of a new ferry service between Newlyn in Cornwall and St Mary’s in the Isles of Scilly, around 30 miles off the southwestern tip of Cornwall, England, in the Atlantic Ocean.The…
https://www.marinelink.com/news/hydrofoiling-ferry-prevent-seasonal-528509
https://www.marinelink.com/news/hydrofoiling-ferry-prevent-seasonal-528509Tanker company DHT Holdings, Inc. has entered into a $308.4 million senior secured credit facility for the post-delivery financing of the company’s four newbuildings.The vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean…
https://www.marinelink.com/news/dht-secures-postdelivery-finance-vlccs-528510
https://www.marinelink.com/news/dht-secures-postdelivery-finance-vlccs-528510Japanese trading house Mitsui & Co and shipping giant Mitsui OSK Lines (MOL) have agreed to acquire Scotland’s energy industry hub Port of Nigg and key fabrication and access business units from Global Energy Group (GEG). The deal covers the deepwater, multi‑sector energy port and UK green freeport; Global Energy (Fabrication) — a multi‑site fabrication …
https://splash247.com/mitsui-takes-over-scottish-wind-port/
https://splash247.com/mitsui-takes-over-scottish-wind-port/Captain Naveen Singhal and Captain M.M. Saggi have suggestions on how to clamp down on the scourge of misdeclared cargoes. Containerisation has been a game-changer in the carriage of goods. However, in the last decade or so, unscrupulous shippers and freight forwarders to save a few dollars on freight, have seriously jeopardised an efficient and …
https://splash247.com/excess-unidentified-baggage-in-containers-is-breaking-the-back-of-shipowners/
https://splash247.com/excess-unidentified-baggage-in-containers-is-breaking-the-back-of-shipowners/The market for vintage MR2 product tankers has experienced a notable resurgence in activity fover the past two months, driven by declining asset prices. Owners who have been reluctant to let go of tonnage at significantly lower prices following the highs of late 2024 are biting the bullet. This impasse appears to have broken, with …
https://splash247.com/vintage-mr2-tanker-sales-surge/
https://splash247.com/vintage-mr2-tanker-sales-surge/Ukraine’s Asset Recovery and Management Agency (ARMA) has announced it will auction the Anka, a Turkish-owned dry cargo vessel seized for violating Ukrainian sanctions by docking in a port in Russian-occupied Crimea. The sale marks the latest enforcement action in Ukraine’s increasingly assertive maritime sanctions regime targeting foreign-flagged ships trading with the annexed peninsula. The …
https://splash247.com/ukraine-to-auction-bulk-carrier-after-crimean-port-violation/
https://splash247.com/ukraine-to-auction-bulk-carrier-after-crimean-port-violation/Chinese seafood giant Chishan Group has entered the shipbuilding industry with the acquisition and restructuring of Shandong Baibuting Shipbuilding, a historic yard located in Rongcheng, Shandong province. The newly renamed Shandong Fulton Shipbuilding marks the group’s strategic expansion amid a broader revival of private-sector shipyard assets across China. The deal involves the 100% acquisition of …
https://splash247.com/chinese-seafood-giant-revives-yard-in-shandong/
https://splash247.com/chinese-seafood-giant-revives-yard-in-shandong/COSCO Shipping has launched a fresh newbuilding push which will see 14 ships constructed at domestic yards. COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, has commissioned a newbuilding package, including 10 newcastlemax bulk carriers and four asphalt carriers. Four 210,000 dwt newbuilds have been booked at the leading builder in the …
https://splash247.com/cosco-rolls-out-14%e2%80%91vessel-shipbuilding-push-at-domestic-yards/
https://splash247.com/cosco-rolls-out-14%e2%80%91vessel-shipbuilding-push-at-domestic-yards/