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A new report from the All Aboard Alliance found that its 26 members have remained firm in their commitment to diversity, equity, and inclusion (DEI) despite political pushback against such initiatives from some factions.The All Aboard Alliance…
https://www.marinelink.com/news/maritime-companies-progress-dei-despite-529701
https://www.marinelink.com/news/maritime-companies-progress-dei-despite-529701The Indian sub-continent ship recycling markets continues its southward trajectory with every passing week as the final quarter of the year gradually approaches, reports cash buyer GMS.“Ongoing currency woes (especially those recently spiraling out of control in India)…
https://www.marinelink.com/news/ship-recyclers-treading-water-529702
https://www.marinelink.com/news/ship-recyclers-treading-water-529702Kongsberg Maritime has signed a contract to deliver a fully integrated equipment package for India’s first electric tug, marking a major step in the country’s Green Tug Transition Programme (GTTP).Awarded by Mandovi Drydocks in partnership with Ripley Group…
https://www.marinelink.com/news/kongsberg-maritime-supply-equipment-529703
https://www.marinelink.com/news/kongsberg-maritime-supply-equipment-529703Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector.Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI President Frédéric Denèfle…
https://www.marinelink.com/news/globalisation-slowdown-heralds-brave-new-529706
https://www.marinelink.com/news/globalisation-slowdown-heralds-brave-new-529706Norwegian offshore vessel owner DOF has landed contract extensions with Equinor for two of its long-serving platform supply vessels. The state-backed energy major has exercised options to keep the 2009-built Skandi Flora and the 2008-built Skandi Mongstad on charter for another year, with the new firm period starting in October 2025. Both units also carry …
https://splash247.com/dof-bags-equinor-psv-extensions/
https://splash247.com/dof-bags-equinor-psv-extensions/Wallenius Wilhelmsen has clinched a major logistics contract in Australia with a leading automotive manufacturer, expected to bring in revenues of more than $100m. The Oslo-listed roro and logistics group will provide vehicle processing services across Melbourne, Brisbane and Perth under a three-plus-one-year deal. Pia Synnerman, chief commercial officer at Wallenius Wilhelmsen, noted the deal …
https://splash247.com/wallenius-wilhelmsen-wins-100m-deal-in-australia/
https://splash247.com/wallenius-wilhelmsen-wins-100m-deal-in-australia/Monaco-headquartered product carrier major Scorpio Tankers has secured a five-year charter for one of its LR2 product carriers at a rate of $28,350 per day. The New York-listed owner said the 2014-built, 110,000 dwt STI Orchard has been fixed to an undisclosed charterer, with the contract starting in the third quarter of 2025. The deal …
https://splash247.com/scorpio-tankers-boosts-coverage-with-lr2-charter-out-deal/
https://splash247.com/scorpio-tankers-boosts-coverage-with-lr2-charter-out-deal/China’s Chenxin Shipping has taken the plunge into vessel ownership with an order for four newbuild containerships, signalling the young carrier’s intent to shift from slot-sharing to controlling its own tonnage. The 2023-established company has contracted two 4,350 teu ships and two 1,900 teu feeders, with deliveries scheduled for 2028. The deal also carries options …
https://splash247.com/young-chinese-carrier-moves-into-ownership-with-boxship-newbuilds/
https://splash247.com/young-chinese-carrier-moves-into-ownership-with-boxship-newbuilds/Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected in October and December 2027. The scrubber-fitted …
https://splash247.com/evalend-swells-suezmax-orderbook-in-south-korea/
https://splash247.com/evalend-swells-suezmax-orderbook-in-south-korea/Capesize The Capesize market experienced a shifting sentiment over the week, starting on a steady but subdued note before softening midweek, before gradually improving across both basins with renewed support towards the close. In the Pacific, consistent miner and operator activity underpinned the market, although C5 fixtures largely held within the $9.95 to low $10.00 ...
https://www.hellenicshippingnews.com/capesize-market-experiences-market-shift-last-week/
https://www.hellenicshippingnews.com/capesize-market-experiences-market-shift-last-week/