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The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with…
https://www.marinelink.com/news/us-navy-says-escorts-not-possible-536793
https://www.marinelink.com/news/us-navy-says-escorts-not-possible-536793Warship builder TKMS has submitted a non-binding offer along with Norway for a multi-billion-dollar submarine contract from Canada, a company spokesperson told Reuters on Tuesday.The offer consists of around 1,500 pages and is supported by the…
https://www.marinelink.com/news/germanys-tkms-submits-nonbinding-offer-536794
https://www.marinelink.com/news/germanys-tkms-submits-nonbinding-offer-536794The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, dropped about 7.1% to the lowest since February 10 at 1,919 points on Tuesday, after rising nearly 3% the prior day. Ongoing disruptions in the Strait of Hormuz continued to weigh on shipping activity and freight demand. The capesize index, which ...
https://www.hellenicshippingnews.com/baltic-dry-index-slips-to-1-month-low/
https://www.hellenicshippingnews.com/baltic-dry-index-slips-to-1-month-low/Tug Network Team (TNT), the alliance of independent towage operators launched in the Americas in 2024, has expanded into Europe with the addition of Hamburg-based Fairplay Towage. The move gives the network a global footprint of 113 ports across 13 countries and a combined fleet of over 200 tugs. With this addition, TNT, originally formed …
https://splash247.com/tug-network-team-adds-fairplay-towage-in-european-expansion/
https://splash247.com/tug-network-team-adds-fairplay-towage-in-european-expansion/Dutch subsea contractor N-Sea Group is set to expand its fleet after securing a long-term charter for a new offshore support vessel currently under construction in the Netherlands. The vessel, named Dominus, is being built by Passer at Shipyard De Hoop in Tolkamer and will be chartered from Dutch owner Rederij Groen. Construction has now …
https://splash247.com/n-sea-lines-up-new-subsea-support-vessel/
https://splash247.com/n-sea-lines-up-new-subsea-support-vessel/Thai dry bulk owner Precious Shipping has arranged a Japanese operating lease with call option (JOLCO) transaction covering four of its vessels as it looks to refinance part of its fleet. The Bangkok-listed company said the deal involves the handysize vessels the 2015-built Vipha Naree and the 2016-built Viyada Naree, along with the 2012-built supramaxes …
https://splash247.com/precious-shipping-taps-japanese-lease-financing-for-four-bulkers/
https://splash247.com/precious-shipping-taps-japanese-lease-financing-for-four-bulkers/Wolfgang Lehmacher and Mikael Lind on maritime informatics. The Iran war has shown how precisely you can hit a target – and how little some of the maritime world can see of the blast wave across trade. Missiles and drones around the Strait of Hormuz left several tankers damaged, seafarers dead and roughly 150 ships …
https://splash247.com/hormuz-has-exposed-shippings-new-visibility-divide/
https://splash247.com/hormuz-has-exposed-shippings-new-visibility-divide/Norwegian shuttle tanker specialist Knutsen NYK Offshore Tankers has placed another shuttle tanker order at a Chinese yard, extending a long-running newbuilding programme. The Haugesund-based owner has signed up for a 154,000 dwt unit at COSCO Shipping Heavy Industry (Zhoushan), taking the total number of vessels the pair has contracted together to 14. Financial details …
https://splash247.com/knot-returns-to-cosco-zhoushan-for-another-shuttle-tanker/
https://splash247.com/knot-returns-to-cosco-zhoushan-for-another-shuttle-tanker/India has introduced additional checks on documentation for vessels heading to recycling yards, a move industry players say could make it harder for sanctioned ships to slip through with falsified paperwork. The new process, introduced by the Directorate General of Maritime Administration, adds another layer of scrutiny before end-of-life vessels are cleared for recycling. Dubai-based …
Taiwanese boxship owner Wan Hai Lines has added more ships to its already sizeable newbuilding programme, placing orders for six container vessels at Chinese yards. The Taipei-headquartered carrier said it had contracted four 6,000 teu LNG dual-fuel newbuilds at Huangpu Wenchong Shipbuilding. The vessels are priced between $75.2m and $82m each, putting the total value …
https://splash247.com/wan-hai-deepens-newbuild-push-with-lng-and-methanol-ready-boxships/
https://splash247.com/wan-hai-deepens-newbuild-push-with-lng-and-methanol-ready-boxships/