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U.S. Representative Dusty Johnson (R-S.D.) introduced legislation to reauthorize the Federal Maritime Commission (FMC), the independent federal agency responsible for regulating the U.S. international ocean transportation system.“Ocean shipping is a critical aspect of America’s national…
https://www.marinelink.com/news/us-legislation-introduced-reauthorize-527372
https://www.marinelink.com/news/us-legislation-introduced-reauthorize-527372Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross ...
https://www.hellenicshippingnews.com/diana-shipping-inc-announces-time-charter-contract-for-m-v-dsi-polaris-with-cargill-ocean-transportation/The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Thursday, as a decline in capesize rates weighed on overall market sentiment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 112 points, or 6.7%, at 1,553, hitting its lowest level ...
https://www.hellenicshippingnews.com/baltic-sea-freight-index-slips-as-capesize-rates-lose-steam/
https://www.hellenicshippingnews.com/baltic-sea-freight-index-slips-as-capesize-rates-lose-steam/Greek owner Evangelos Marinakis has added to his very large crude carriers (VLCCs) orderbook in South Korea. Shipbuilding sources in Greece report Marinakis-controlled Capital has lifted an option at Hanwha Ocean for a single newbuild after signing up for two firm vessels earlier this year, with deliveries expected in 2027. The optional vessel is reported …
https://splash247.com/marinakis-firms-up-third-vlcc-at-hanwha-ocean/
https://splash247.com/marinakis-firms-up-third-vlcc-at-hanwha-ocean/The recent publication of two maritime technology landscape maps, clustered with hundreds of logos, shows how fragmented this business is despite significant consolidation over the past couple of years. The maritime industry is undergoing a rapid technological transformation, with AI emerging as a driving force behind it. Recent publications, such as the Global Maritime Tech …
https://splash247.com/where-maritime-tech-consolidation-is-today/
https://splash247.com/where-maritime-tech-consolidation-is-today/Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan – two vital recycling destinations – still not compliant with the international regulation. The Hong Kong Convention, first adopted back in …
Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni and is located off the coast of Cyprus. Geo-data acquisition is scheduled to begin in the third quarter of 2025. The country has …
https://splash247.com/fugro-nets-work-on-enis-deepwater-gas-project-in-the-mediterranean/
https://splash247.com/fugro-nets-work-on-enis-deepwater-gas-project-in-the-mediterranean/The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The 20-year agreements have been awarded to two international port operators: Saudi Global Ports (SGP), a subsidiary of Singapore’s PSA, and Red Sea Gateway Terminal Company (RSGT), …
https://splash247.com/saudi-arabia-strikes-eight-port-terminal-deals/
https://splash247.com/saudi-arabia-strikes-eight-port-terminal-deals/Fincantieri has strengthened its strategic role in the Italian Navy's fleet renewal program with a new contract for the construction of two PPA- Multipurpose Combat Ships, set to replace the vessels previously earmarked for the Indonesian Navy.The contract extension…
https://www.marinelink.com/news/fincantieri-books-order-italian-navy-two-527333
https://www.marinelink.com/news/fincantieri-books-order-italian-navy-two-527333“As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estimate the potential to be 16…
https://www.marinelink.com/news/ships-scrapyard-double-vessels-next-527338
https://www.marinelink.com/news/ships-scrapyard-double-vessels-next-527338