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Italian major Eni has reached the final investment decision (FID) to develop the Coral North FLNG project, deepwater offshore Cabo Delgado, north of Mozambique. The project will put into production the gas volumes from the northern part of Area 4’s Coral gas reservoir, in the Rovuma basin, through an FLNG unit. The project will be …
https://splash247.com/eni-sanctions-second-flng-development-offshore-mozambique/
https://splash247.com/eni-sanctions-second-flng-development-offshore-mozambique/With 11 days to go until its introduction, the US Trade Representative’s planned hike in port fees for Chinese-linked tonnage has been a near-constant in the shipping news this week. Chinese premier Li Qiang signed a State Council decree over the weekend, which states that China will take necessary countermeasures against countries or regions that …
https://splash247.com/splash-wrap-china-readies-response-to-us-port-fees/
https://splash247.com/splash-wrap-china-readies-response-to-us-port-fees/Rising crude tanker earnings in recent weeks have triggered renewed momentum in the suezmax sale and purchase market, with transactions brisk—even among older tonnage—despite heightened scrutiny on the so-called dark fleet. Values for vintage ships remain unpredictable yet firm, often depending on survey timing, specifications, and overall condition. The latest deal sees Turkish owner Denizcilik …
https://splash247.com/secondhand-suezmaxes-in-demand/
https://splash247.com/secondhand-suezmaxes-in-demand/Global terminal operator DP World has signed a memorandum of understanding with global commerce platform PayPal to collaborate on a first-of-its-kind digital payments initiative designed to simplify and speed up cross-border trade. Sultan Ahmed bin Sulayem, DP World chairman and CEO, said: “In logistics, speed and transparency mean everything and payments linked to logistics are …
https://splash247.com/dp-world-partners-with-paypal-to-speed-up-cross-border-trade/
https://splash247.com/dp-world-partners-with-paypal-to-speed-up-cross-border-trade/Elissama Menezes and Andrew Dumbrille, directors of Equal Routes, write for Splash ahead of this month’s crunch green vote at the International Maritime Organization. In the face of the upcoming International Maritime Organization. (IMO) Net-Zero Framework vote next month, we’re seeing a lot of rhetoric around the so-called LNG pathway, yet little substance. Recent commentary …
https://splash247.com/the-great-lng-scam-the-imos-climate-credibility-is-on-the-line/
https://splash247.com/the-great-lng-scam-the-imos-climate-credibility-is-on-the-line/Mauritius has finally published the long-suppressed Court of Investigation report into the 2020 grounding of the Wakashio. The findings are damning — exposing what investigators call a “total lack of safety culture on board the Wakashio,” a disaster born from distraction, negligence, and systemic oversight failures. The newcastlemax veered just five nautical miles off Mauritius …
https://splash247.com/total-lack-of-safety-culture-laid-bare-in-wakashio-disaster/
https://splash247.com/total-lack-of-safety-culture-laid-bare-in-wakashio-disaster/A Finnish district court has dismissed charges against the captain and two officers of the Eagle S tanker, ruling that Finland has no jurisdiction to prosecute over the damage of critical subsea infrastructure in the Baltic Sea last year. The case, seen as a test of how maritime law applies to attacks or accidents involving …
https://splash247.com/finnish-court-drops-baltic-subsea-cable-case-against-eagle-s-crew/
https://splash247.com/finnish-court-drops-baltic-subsea-cable-case-against-eagle-s-crew/The Boracay, an 18-year-old Russian-linked tanker seized by French commandos off Brest this week, has been placed at the scene of up to nine drone incidents across northern Europe, according to a Daily Telegraph analysis of AIS tracking. The newspaper reports the vessel was within striking distance of Copenhagen, Kiel and multiple Danish airports when …
https://splash247.com/shadow-tanker-accused-of-being-europes-drone-mothership/
https://splash247.com/shadow-tanker-accused-of-being-europes-drone-mothership/Shipments of limestone on the Great Lakes totaled 3.3 million tons in September, a decrease of 11.5% compared to 2024. Limestone cargos were also below the month’s five-year average by 6%.Loadings from U.S. quarries decreased 13.5% from last year to 2.7 million tons.
https://www.marinelink.com/news/lakes-limestone-trade-down-september-530696
https://www.marinelink.com/news/lakes-limestone-trade-down-september-530696This week, RWE withdrew from a $10 billion Namibia green hydrogen project, the latest example of companies considering such investments.The German power utility said on Monday that it had withdrawn from Namibia's Hyphen green ammonia project…
https://www.marinelink.com/news/mega-hydrogen-projects-break-new-fuel-530698
https://www.marinelink.com/news/mega-hydrogen-projects-break-new-fuel-530698