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UK-based shipbroking house Clarksons has expanded its derivatives arm with the launch of a dedicated desk for container freight forward agreements (FFAs), marking a significant move into a growing segment of the freight risk management market. The new container FFA desk will be led by Peter Stallion, who joins the London office with a strong …
https://splash247.com/clarksons-moves-into-container-ffa-market-with-new-derivatives-desk/
https://splash247.com/clarksons-moves-into-container-ffa-market-with-new-derivatives-desk/A group of major shipping and marine fuel companies has launched a self-regulatory initiative aimed at increasing transparency and trust in the bunkering process, starting in the Amsterdam-Rotterdam-Antwerp (ARA) region, the world’s second-largest and Europe’s largest bunkering hub. The Bunkering Services Initiative, backed by companies including Cargill, Frontline, Hafnia, Hapag-Lloyd, Mercuria, Minerva Bunkering, Oldendorff, Trafigura, …
https://splash247.com/big-names-back-fuel-reform-drive-in-europes-largest-bunkering-hub/
https://splash247.com/big-names-back-fuel-reform-drive-in-europes-largest-bunkering-hub/The US and Japan struck a new trade pact yesterday, cutting US tariffs on Japanese vehicles from 25% to 15%. In return, Japan pledged $550bn in US investments and a major goods purchase program. Contained in a fact sheet handout from the White House is news that Japanese companies will invest in American commercial and …
https://splash247.com/japanese-shipbuilders-ready-to-invest-in-american-yards/
https://splash247.com/japanese-shipbuilders-ready-to-invest-in-american-yards/Tanker giant Teekay has turned from seller to buyer, interrupting a lucrative streak of vessel disposals with the acquisition of a rare modern suezmax tanker. According to Splash sources in the sale and purchase (S&P) market, Teekay is paying just under $64.5m for the 157,400 dwt Nordic Thunder, a 2017-built ship constructed by Hyundai Samho …
https://splash247.com/teekay-spends-64-5m-on-modern-suezmax/
https://splash247.com/teekay-spends-64-5m-on-modern-suezmax/Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised to disrupt over 2% of global crude supply. The restriction, which took …
A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant.
https://www.marinelink.com/news/first-lpg-tanker-docks-new-texas-terminal-528266
https://www.marinelink.com/news/first-lpg-tanker-docks-new-texas-terminal-528266Iran warned a U.S. destroyer on Wednesday to change course after it approached waters being monitored by the Islamic Republic, leading the U.S. ship to turn away, Iranian state media reported.The U.S. Navy and U.S. Central Command, which overseas U.S.
https://www.marinelink.com/news/report-iran-warns-us-destroyer-528268
https://www.marinelink.com/news/report-iran-warns-us-destroyer-528268Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard…
https://www.marinelink.com/news/green-hydrogen-retreat-poses-threat-528269
https://www.marinelink.com/news/green-hydrogen-retreat-poses-threat-528269The U.S. House of Representatives has approved bipartisan legislation to strengthen, support and authorize funding through 2029 for the United States Coast Guard.The Coast Guard Authorization Act of 2025 authorizes appropriations for the Service through fiscal year 2029.
https://www.marinelink.com/news/us-house-approves-coast-guard-528270
https://www.marinelink.com/news/us-house-approves-coast-guard-528270A cargo ship narrowly avoided grounding after its rudder fell off, and New Zealand’s TAIC report highlights the need for careful oversight and quality assurance during installation of safety-critical components and for strong international safety standards.On 24 July 2023…
https://www.marinelink.com/news/poor-welding-blamed-rudder-falls-off-bulk-528271
https://www.marinelink.com/news/poor-welding-blamed-rudder-falls-off-bulk-528271