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US-based dry bulk owner Genco Shipping & Trading has handed chief executive John Wobensmith the additional role of chairman, following the retirement of long-serving board chair James Dolphin. The New York-listed company, which runs a fleet of 43 vessels, said Dolphin steps down after 11 years on the board, including the past four as chairman, …
https://splash247.com/genco-ceo-wobensmith-steps-into-chairman-role/
https://splash247.com/genco-ceo-wobensmith-steps-into-chairman-role/Shipbuilding has become a central part of trade diplomacy in the Trump era. As well as a customised gold putter, it was noticeable that the Korean president, Lee Jae Myung, also presented Donald Trump with a model of an ancient Korean battleship when the pair met up earlier this week in the White House for …
https://splash247.com/splash-wrap-koreans-bankroll-americas-rusting-docks/
https://splash247.com/splash-wrap-koreans-bankroll-americas-rusting-docks/Britain, France and Germany have triggered a 30-day process to reimpose United Nations sanctions on Iran, a move that threatens to shake up tanker markets. The so-called snapback mechanism, launched on Thursday, would reinstate wide-ranging sanctions suspended under the 2015 nuclear accord, including restrictions on oil exports, financial flows, and maritime trade. Iran’s crude exports—already …
https://splash247.com/europe-moves-to-snap-back-iran-sanctions/
https://splash247.com/europe-moves-to-snap-back-iran-sanctions/Red ink is forecast to splatter across the balance sheets of containerlines in the final quarter of the year despite the Shanghai Containerized Freight Index (SCFI) snapping its more than two-month decline today. The SCFI broke its 11-week-long losing streak today, climbing 30 points to 1,445 points. However, Drewry’s rival World Container Index, published yesterday, …
https://splash247.com/scfi-blip-cant-mask-deepening-container-carnage-ahead-of-q4/
https://splash247.com/scfi-blip-cant-mask-deepening-container-carnage-ahead-of-q4/A steering control system component failure on a multi-purpose carrier resulted in a collision with a bulk carrier in the Houston Ship Channel, the National Transportation Safety Board said in a newly-released investigation report.The multi…
https://www.marinelink.com/news/steering-micro-switch-failure-led-houston-529424
https://www.marinelink.com/news/steering-micro-switch-failure-led-houston-529424Biological hydrogen is a wildcard technology that could change what Roy Allegra calls the current hydrogen cold war.Allegra, based in London, is founder of RA Energy and Green H₂ Systems Modeling.He sees Europe scrambling to lock in alliances…
https://www.marinelink.com/news/biological-hydrogen-offers-alternative-529425
https://www.marinelink.com/news/biological-hydrogen-offers-alternative-529425Phase 1 of S-100 Standards implementation is now complete after the operational release of standards S-124 Navigational Warnings and S-128 Catalogue of Nautical Products.The S-100 framework is a new global standard created by the International Hydrographic Organization (IHO)…
https://www.marinelink.com/news/phase-s-implementation-complete-529426
https://www.marinelink.com/news/phase-s-implementation-complete-529426The July/August issue of Offshore Engineer includes an update on patrolling robots. They are increasingly being used for inspection, maintenance and repair, and they are increasingly being operated, human-in-the-loop, in a cyber world that is…
https://www.marinelink.com/news/robots-getting-good-understanding-529427
https://www.marinelink.com/news/robots-getting-good-understanding-529427Crowley Stena Marine Solutions, the joint venture between Crowley and Stena Bulk, has received approval from the U.S. Maritime Administration (MARAD) to operate the CS Anthem tanker under the Tanker Security Program.The CS Anthem, a U.S.-flagged…
https://www.marinelink.com/news/crowleymanaged-cs-anthem-joins-tanker-529428
https://www.marinelink.com/news/crowleymanaged-cs-anthem-joins-tanker-529428Antwerp-based CMB.TECH has agreed to sell its 2010-built suezmax Sofia for a net price of $40.1m, generating a gain of about $20.4m. Delivery to the undisclosed buyer is expected in the fourth quarter of 2025. The deal for the 165,000-dwt vessel, built at Hyundai Samho Heavy Industries, is in line with VesselsValue’s estimate, pricing the …
https://splash247.com/cmb-tech-banks-20m-from-suezmax-sale-as-fleet-renewal-rolls-on/
https://splash247.com/cmb-tech-banks-20m-from-suezmax-sale-as-fleet-renewal-rolls-on/