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Dubai-based Lila Global is continuing its fleet diversification strategy with a string of acquisitions in the tanker segment, a notable pivot from its traditionally dry bulk-heavy profile. The shipowning affiliate of ship recycling powerhouse GMS has now added its third stainless steel chemical tanker in the niche J19 size bracket, reflecting growing appetite for smaller …
https://splash247.com/lila-global-expands-tanker-fleet/
https://splash247.com/lila-global-expands-tanker-fleet/The Panama flag has strengthened its requirements for ship-to-ship (STS) oil transfer operations involving tankers registered under its flag in a bid to crack down on the shadow fleet. Effective immediately, all Panama-flagged vessels with a gross tonnage of 150 or more must notify the flag sate at least 48 hours in advance of any …
https://splash247.com/panama-tries-to-crack-down-on-shadow-fleet/
https://splash247.com/panama-tries-to-crack-down-on-shadow-fleet/The Liberian-flagged container ship MSC Elsa 3 has sunk approximately 38 nautical miles southwest of Kochi, with concerns growing over potential environmental fallout along Kerala’s coast. The 28-year-old, 184 m long vessel, en route from Vizhinjam to the Port of Cochin, began listing severely early Saturday,. The ship, which carried 640 containers—including 13 with hazardous …
https://splash247.com/msc-ship-sinks-off-the-east-coast-of-india/
https://splash247.com/msc-ship-sinks-off-the-east-coast-of-india/A Ukrainian second officer aboard the container vessel NCL Salten has been charged with negligent navigation following a grounding incident early Thursday morning near Trondheim, Norway. The ship ran aground just meters from a summer home in Byneset, narrowly avoiding significant property damage. The officer admitted to falling asleep while on watch at the time …
The depressed liquefied natural gas (LNG) carrier sector sees nearly 60 vessels, according to data from Clarksons Research. In a striking sign of shifting market fundamentals, shipowners—particularly in South Korea—have begun sending older, less efficient LNG carriers to the scrapyards in increasing numbers. According to leading shipbroker Clarksons, four LNG steam turbine ships were sold …
https://splash247.com/nearly-60-lng-carriers-stand-idle/
https://splash247.com/nearly-60-lng-carriers-stand-idle/Port congestion seen across key Northern European hubs is intensifying and is now spreading to China and the US, a situation expected to worsen as a result of Donald Trump’s on/off tariff strategy. Compounding the situation, low water levels on the Rhine are limiting barge capacity, particularly out of Antwerp and Rotterdam—further straining inland logistics. …
https://splash247.com/boxport-congestion-spreads-from-europe-to-the-us-and-china/
https://splash247.com/boxport-congestion-spreads-from-europe-to-the-us-and-china/Titomic is ‘leading the future’ with Cold Spray Solutions, additive manufacturing of new products and components for newbuild and repair projects. Chris Myers, SVP Global Growth; and James Caldwell, Regional Sales Manager APAC, discuss the advantages…
https://www.marinelink.com/news/cold-spray-technology-parts-production-526137
https://www.marinelink.com/news/cold-spray-technology-parts-production-526137Capesize The Capesize market ended the week on a firmer note after a shaky start, recovering well from early pressure caused by uncertainty in Guinea. The announcement of revoked mining licenses initially rattled sentiment, but the market quickly regained composure. The Pacific basin emerged as the strongest performer, underpinned by consistent miner and operator demand. ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-higher-ground/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-higher-ground/Capesize The Capesize market ended the week on a firmer note after a shaky start, recovering well from early pressure caused by uncertainty in Guinea. The announcement of revoked mining licenses initially rattled sentiment, but the market quickly regained composure. The Pacific basin emerged as the strongest performer, underpinned by consistent miner and operator demand. ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-higher-ground/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-higher-ground/The Hamburg-based Vega-Reederei, a family-owned shipping company founded in 1919, has officially taken delivery of the first vessel of its new series of next-generation coasters: the 3,800 dwt MV VEGAPETRA.The ship was delivered on May 21 by…
https://www.marinelink.com/news/vegareederei-recieives-first-vessel-new-526121
https://www.marinelink.com/news/vegareederei-recieives-first-vessel-new-526121