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London Gateway is on track to dethrone Felixstowe as the UK’s leading boxport, marking a significant turning point in the competitive port market. London Gateway, operated by DP World, reported unprecedented growth of over 50%, reaching a milestone of more than 3m teu for the first time. The robust growth has been fuelled by the …
https://splash247.com/london-gateway-challenges-felixstowe-for-uk-boxport-supremacy/
https://splash247.com/london-gateway-challenges-felixstowe-for-uk-boxport-supremacy/Knut Ørbeck-Nilssen is taking over the reins temporarily at Norwegian class society DNV. Ørbeck-Nilssen, who has been head of DNV Maritime for years, will take over for seven months while the organisation’s president and CEO, Remi Eriksen, undergoes treatment for cancer. Cristina Saenz de Santa Maria will become interim CEO for the maritime division through …
https://splash247.com/dnv-appoints-orbeck-nilssen-as-temporary-ceo/
https://splash247.com/dnv-appoints-orbeck-nilssen-as-temporary-ceo/China Merchants Energy Shipping (CMES) is adding feeder capacity after confirming plans to order four 3,000 teu containerships from a group-affiliated yard in China. In a regulatory filing, the Shanghai-listed shipping arm of China Merchants Group said the newbuilds will be contracted through a wholly owned subsidiary with China Merchants Jinling, part of China Merchants …
https://splash247.com/china-merchants-energy-shipping-adds-four-boxships-to-orderbook/
https://splash247.com/china-merchants-energy-shipping-adds-four-boxships-to-orderbook/Greek tanker owner Metrostar Management Corp, backed by Theodore Angelopoulos, is re-entering the container shipping sector. According to Alphaliner, Metrostar has acquired two 1,296 teu container vessels from compatriot Contships Management – the Contship Eve II and Contship Max II – for an undisclosed sum. The Contship Eve II is currently chartered to X-Press Feeders, …
https://splash247.com/metrostar-returns-to-container-shipping/
https://splash247.com/metrostar-returns-to-container-shipping/Morten Lind-Olsen, the CEO of Norwegian software provider Dualog, is looking forward to the third edition of Geneva Dry, the world’s premier commodities shipping conference scheduled for April 28 and 29, as an “arena” to catch up with changes, echoing what many regular delegates have said of the show’s ability to pair digital innovation with …
https://splash247.com/geneva-dry-dialogues-dualog-2/
https://splash247.com/geneva-dry-dialogues-dualog-2/Emanuele Grimaldi, chairman of the International Chamber of Shipping, writes exclusively for Splash today, detailing the evolving geopolitical and regulatory pressures facing our industry. Our sector is operating in a world where geopolitical and business volatility is becoming the rule rather than the exception, hampering progress towards the goals of both individual organisations and the …
US military forces boarded and took control of a seventh oil tanker connected with Venezuela on Tuesday as part of the Trump administration’s broader efforts to take control of the oil in the South American country. The Sagitta’s registration says it is owned and managed by a company in Hong Kong. The ship was hit …
https://splash247.com/us-seizes-seventh-tanker-linked-to-venezuelan-trades/
https://splash247.com/us-seizes-seventh-tanker-linked-to-venezuelan-trades/Sinokor’s remarkable hoovering up of available VLCC tonnage continues this week, the Korean name being attached to a host of tanker sales on multiple broking reports. The dramatic VLCC build-up over the past seven weeks is propelling the Korean owner to the top of the VLCC ownership charts, as well as creating a concentration of …
https://splash247.com/sinokor-splurge-pushes-vlcc-big-six-towards-30-grip/
https://splash247.com/sinokor-splurge-pushes-vlcc-big-six-towards-30-grip/Performance Shipping has secured long-term cover for one of its aframax tankers, fixing the P Monterey on a three-year time charter. The Nasdaq-listed Greek owner said it has entered into the contract with PBF Holding, a subsidiary of US refiner PBF Energy. The deal will see the 2011-built 105,525 dwt tanker start its employment mid-February …
https://splash247.com/performance-locks-in-long-term-aframax-cover/
https://splash247.com/performance-locks-in-long-term-aframax-cover/Swedish exports to the United States could fall by as much as 28% if President Donald Trump carries out his threat to impose additional tariffs on Sweden and some industrial sectors could see a decline of 50%, Sweden's Board of Trade said on…
https://www.marinelink.com/news/swedish-exports-us-drop-new-tariff-threat-534669
https://www.marinelink.com/news/swedish-exports-us-drop-new-tariff-threat-534669