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Iran has made good on its threat to attack oil and gas facilities in the Gulf region in retaliation for Israel’s strike on its South Pars offshore gas field. According to local media, Iranian authorities have threatened five facilities – the SAMREF refinery and the Jubail petrochemical complex in Saudi Arabia, the Al Hosn gas …
https://splash247.com/iran-threatens-gulf-energy-assets-after-strike-on-south-pars-gas-field/
https://splash247.com/iran-threatens-gulf-energy-assets-after-strike-on-south-pars-gas-field/Regular columnist Wolfgang Lehmacher has some advice for a different AI agenda for shipping. What people say they “trust” and how they rely on systems often diverge. Organisations also rarely design for recalibrating that reliance when conditions change. Dangerously, the model’s view of the world becomes the organisation’s default worldview. In the age of disruption, …
https://splash247.com/shippings-new-chokepoints-are-organisational/
https://splash247.com/shippings-new-chokepoints-are-organisational/A large containership has arrived at the Port of Long Beach after losing containers in heavy weather in the North Pacific, triggering a response from the US Coast Guard. Officials said the Hong Kong-flagged OOCL Sunflower shed 32 containers overboard while sailing south of the Aleutian Islands on March 3, with a further 57 units …
https://splash247.com/oocl-sunflower-docks-in-long-beach-after-pacific-box-losses/
https://splash247.com/oocl-sunflower-docks-in-long-beach-after-pacific-box-losses/Geneva Dry, the premier annual gathering for the dry bulk shipping and commodities industries, today unveiled its finalised conference agenda ahead of the event’s return to the Hotel President Wilson on April 28 and 29 — with 40 days to go and approximately 250 companies already registered, organisers say delegate momentum is running well ahead …
October 18 last year saw International Maritime Organization (IMO) member states vote for a one-year delay in the Net-Zero Framework (NZF), now the legislation’s arch-nemesis, the Trump administration, has moved to kill it off entirely. The framework—approved in principle at MEPC 83 in April 2025—had set out a global fuel standard and an emissions pricing …
https://splash247.com/us-makes-the-case-to-torpedo-flawed-net-zero-framework/
https://splash247.com/us-makes-the-case-to-torpedo-flawed-net-zero-framework/One of the most powerful engines driving capesize demand over the past five years is facing a potential government-imposed brake, as Guinea considers slashing bauxite production to arrest a collapse in prices that has seen values halve since the start of 2025. The Guinean government is pushing ahead with plans that could cut national bauxite …
https://splash247.com/guinea-weighs-bauxite-output-curbs/
https://splash247.com/guinea-weighs-bauxite-output-curbs/Mitsui OSK Lines (MOL), Japan’s largest shipowner, saw its share price leap 11% yesterday to a record high after the US’s Elliott Investment Management disclosed a significant stake in Tokyo firm. Elliott, which has a long history in investing in Japan, said in a release it felt MOL was undervalued. “We are a significant investor …
https://splash247.com/american-activist-investor-targets-mol/
https://splash247.com/american-activist-investor-targets-mol/Months of market speculation have been laid to rest. Gianluigi Aponte’s Mediterranean Shipping Company (MSC) is formally behind Sinokor Maritime’s stunning raid on the VLCC tanker market, with regulators in Greece and Cyprus publishing notifications confirming MSC will acquire joint control of the South Korean operator. The Greek and Cypriot Competition Commissions have disclosed that …
https://splash247.com/mscs-hidden-hand-behind-sinokors-vlcc-blitz-finally-confirmed/
https://splash247.com/mscs-hidden-hand-behind-sinokors-vlcc-blitz-finally-confirmed/Major US maritime organizations have issued statements voicing their concern over the Trump Administration’s decision to issue a sweeping 60-day waiver of the Jones Act.Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built…
https://www.marinelink.com/news/industry-bodies-raise-concerns-jones-act-537093
https://www.marinelink.com/news/industry-bodies-raise-concerns-jones-act-537093The U.S. Army Corps of Engineers (USACE) announced on March 16 that it is seeking input from all interested parties on ways to increase the efficiency of the nationwide permit program.Nationwide permits authorize activities that are similar…
https://www.marinelink.com/news/usace-seeks-comments-potential-permit-537094
https://www.marinelink.com/news/usace-seeks-comments-potential-permit-537094