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Tanker company DHT Holdings, Inc. has entered into a $308.4 million senior secured credit facility for the post-delivery financing of the company’s four newbuildings.The vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean…
https://www.marinelink.com/news/dht-secures-postdelivery-finance-vlccs-528510
https://www.marinelink.com/news/dht-secures-postdelivery-finance-vlccs-528510Japanese trading house Mitsui & Co and shipping giant Mitsui OSK Lines (MOL) have agreed to acquire Scotland’s energy industry hub Port of Nigg and key fabrication and access business units from Global Energy Group (GEG). The deal covers the deepwater, multi‑sector energy port and UK green freeport; Global Energy (Fabrication) — a multi‑site fabrication …
https://splash247.com/mitsui-takes-over-scottish-wind-port/
https://splash247.com/mitsui-takes-over-scottish-wind-port/Captain Naveen Singhal and Captain M.M. Saggi have suggestions on how to clamp down on the scourge of misdeclared cargoes. Containerisation has been a game-changer in the carriage of goods. However, in the last decade or so, unscrupulous shippers and freight forwarders to save a few dollars on freight, have seriously jeopardised an efficient and …
https://splash247.com/excess-unidentified-baggage-in-containers-is-breaking-the-back-of-shipowners/
https://splash247.com/excess-unidentified-baggage-in-containers-is-breaking-the-back-of-shipowners/The market for vintage MR2 product tankers has experienced a notable resurgence in activity fover the past two months, driven by declining asset prices. Owners who have been reluctant to let go of tonnage at significantly lower prices following the highs of late 2024 are biting the bullet. This impasse appears to have broken, with …
https://splash247.com/vintage-mr2-tanker-sales-surge/
https://splash247.com/vintage-mr2-tanker-sales-surge/Ukraine’s Asset Recovery and Management Agency (ARMA) has announced it will auction the Anka, a Turkish-owned dry cargo vessel seized for violating Ukrainian sanctions by docking in a port in Russian-occupied Crimea. The sale marks the latest enforcement action in Ukraine’s increasingly assertive maritime sanctions regime targeting foreign-flagged ships trading with the annexed peninsula. The …
https://splash247.com/ukraine-to-auction-bulk-carrier-after-crimean-port-violation/
https://splash247.com/ukraine-to-auction-bulk-carrier-after-crimean-port-violation/Chinese seafood giant Chishan Group has entered the shipbuilding industry with the acquisition and restructuring of Shandong Baibuting Shipbuilding, a historic yard located in Rongcheng, Shandong province. The newly renamed Shandong Fulton Shipbuilding marks the group’s strategic expansion amid a broader revival of private-sector shipyard assets across China. The deal involves the 100% acquisition of …
https://splash247.com/chinese-seafood-giant-revives-yard-in-shandong/
https://splash247.com/chinese-seafood-giant-revives-yard-in-shandong/COSCO Shipping has launched a fresh newbuilding push which will see 14 ships constructed at domestic yards. COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, has commissioned a newbuilding package, including 10 newcastlemax bulk carriers and four asphalt carriers. Four 210,000 dwt newbuilds have been booked at the leading builder in the …
https://splash247.com/cosco-rolls-out-14%e2%80%91vessel-shipbuilding-push-at-domestic-yards/
https://splash247.com/cosco-rolls-out-14%e2%80%91vessel-shipbuilding-push-at-domestic-yards/St. Johns Ship Building, a Florida-based Jones Act facility owned by Americraft Marine, has announced the successful delivery of the Atlantic Endurance, the second of two Chartwell Ambitious-Class Crew Transfer Vessels (CTVs) ordered by Atlantic Wind Transfers.
https://www.marinelink.com/news/st-johns-ship-building-delivers-second-528490
https://www.marinelink.com/news/st-johns-ship-building-delivers-second-528490The Korea Institute of Machinery and Materials (KIMM), under the National Research Council of Science & Technology (NST), signed a Memorandum of Understanding (MoU) with Natural Resources Canada (NRC) to establish a new platform for international…
https://www.marinelink.com/news/kimm-natural-resources-canada-sign-mou-528492
https://www.marinelink.com/news/kimm-natural-resources-canada-sign-mou-528492Prices of iron ore futures retreated on Wednesday as hopes of more stimulus from top consumer China faded, erasing earlier gains that were underpinned by prospects of a further extension of a tariff truce between the U.S. and the Asian country. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended ...
https://www.hellenicshippingnews.com/iron-ore-retreats-as-hopes-of-china-stimulus-recede/
https://www.hellenicshippingnews.com/iron-ore-retreats-as-hopes-of-china-stimulus-recede/