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Iran’s parliament approved a formal toll and access regime for the Strait of Hormuz earlier this week, with the ongoing war against the US/Israeli coalition leading Splash coverage for a fifth straight week. Satellite imagery confirmed severe damage to Russia’s prime energy exporting ports, as Ukraine’s Baltic bombardment campaign continued for much of this week. …
https://splash247.com/splash-wrap-hormuz-bells-are-ringing/
https://splash247.com/splash-wrap-hormuz-bells-are-ringing/China’s Zhonggu Logistics is pressing ahead with its fleet expansion, lining up 10 feeder containerships at the recently revived Wuhan Qingshan Shipyard. The Shanghai-listed liner said it will invest up to $392m in a series of 1,800 teu vessels, with deliveries scheduled between 2028 and 2029. The deal gives a boost to Qingshan, which has …
https://splash247.com/zhonggu-logistics-backs-wuhan-qingshan-restart-with-10-ship-order/
https://splash247.com/zhonggu-logistics-backs-wuhan-qingshan-restart-with-10-ship-order/JA Moody, a supplier of flow control products to the U.S. Navy and marine industry, has announced a strategic partnership with Phoenix Lighting, a leading manufacturer of heavy-duty LED lighting solutions. This collaboration marks JA Moody’s official expansion into electrical products.
https://www.marinelink.com/news/ja-moody-phoenix-lighting-offer-537640
https://www.marinelink.com/news/ja-moody-phoenix-lighting-offer-537640Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday.The U.S.
https://www.marinelink.com/news/concerns-raised-repeated-chinese-537647
https://www.marinelink.com/news/concerns-raised-repeated-chinese-537647Front-month U.S. crude oil futures were trading at their largest-ever premium over the second-month contract on Thursday as traders scrambled for barrels after U.S. President Donald Trump vowed to continue attacking Iran.Widening backwardation…
https://www.marinelink.com/news/us-crude-trade-record-trump-promises-537648
https://www.marinelink.com/news/us-crude-trade-record-trump-promises-537648Bahrain's Foreign Minister Abdullatif bin Rashid Al Zayani told the United Nations Security Council on Thursday he hopes for a council vote on Friday on a resolution Bahrain has drafted to protect commercial shipping in and around the Strait of Hormuz.Oil prices have surged since the U.S.
https://www.marinelink.com/news/bahrain-hopes-council-vote-hormuz-537650
https://www.marinelink.com/news/bahrain-hopes-council-vote-hormuz-537650China has moved in earnest to secure leadership in the global iron ore market. In this market worth about $190 billion (about 287 trillion won), it aims to leverage its status as the largest buyer to shake up even the price-setting structure. Foreign media said China, having reaffirmed supply chain anxieties due to the Middle ...
https://www.hellenicshippingnews.com/china-consolidates-iron-ore-demand-to-challenge-bhp-reshape-pricing/The emergence of Guinea’s Simandou as a large-scale, high-grade iron ore supplier signifies a significant change in the global seaborne iron ore market. According to Wood Mackenzie, this project is set to be the primary catalyst for long-term supply growth. Wood Mackenzie expects Simandou to export around 16 million tonnes in 2026, with volumes rising ...
https://www.hellenicshippingnews.com/guineas-simandou-to-become-largest-driver-of-seaborne-iron-ore-supply-growth-wood-mackenzie-says/Transocean has added roughly $1bn to its backlog after securing a new contract in Norway and extensions for two drillships working offshore Brazil. The New York-listed offshore driller said its harsh environment semisubmersible Transocean Barents has been fixed by Vår Energi on a 1,095-day deal at a dayrate of $450,000. The contract is expected to …
https://splash247.com/transocean-secures-1bn-backlog-boost/
https://splash247.com/transocean-secures-1bn-backlog-boost/Scorpio Tankers is stepping into nuclear-powered shipping, striking a deal with US-based Ampera to develop micronuclear energy systems for maritime use. The New York-listed product tanker giant said it has entered a strategic collaboration with the reactor developer, backed by a $10m investment, to explore zero-carbon power solutions for ships, offshore assets and port infrastructure. …
https://splash247.com/scorpio-tankers-bets-on-nuclear-powered-ships/
https://splash247.com/scorpio-tankers-bets-on-nuclear-powered-ships/