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In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances…
https://www.marinelink.com/news/eu-tanker-import-tonne-mile-demand-512947
https://www.marinelink.com/news/eu-tanker-import-tonne-mile-demand-512947Indian sub-continent ship recycling markets enjoyed a greater than expected degree of a post-Ramadan resurgence, reports cash buyer GMS.“Vessel prices across the various destinations seemed to have concurrently enjoyed varying degrees of an…
https://www.marinelink.com/news/ship-recycling-resurgence-greater-512948
https://www.marinelink.com/news/ship-recycling-resurgence-greater-512948Capesize At the beginning of the week, the Pacific market showed promising activity with healthy cargo volumes. However, despite this, conditions slightly weakened, and the Atlantic market remained subdued, as the week got underway. Nevertheless, as the week progressed, the Pacific market saw increased activity, particularly before the Singapore holiday, with C5 stabilizing around the ...
https://www.hellenicshippingnews.com/capesize-market-showing-signs-of-improvement/
https://www.hellenicshippingnews.com/capesize-market-showing-signs-of-improvement/Greek owner C3is has struck a deal to acquire a handysize bulk carrier from Vafias dry arm Brave Maritime. The Nasdaq-listed Harry Vafias-backed spin-off of Imperial Petroleum is paying $16.9m for the 2012 Japanese-built Eco Spitfire, in a deal approved by the company’s independent directors. The 33,664 dwt unit is currently trading under a time …
https://splash247.com/c3is-bolsters-bulker-fleet-from-vafias-stable/
https://splash247.com/c3is-bolsters-bulker-fleet-from-vafias-stable/John Fredriksen-backed Flex LNG has seen an extension called on one of its LNG carriers, fixing it into the first quarter of 2032. The charterer, earlier revealed as Cheniere Marketing International, a subsidiary of US LNG player Cheniere Energy, has extended the contract for the 2018-built Flex Endeavour, adding 500 days to the vessel’s existing …
https://splash247.com/flex-lng-picks-up-500-day-charter-extension/
https://splash247.com/flex-lng-picks-up-500-day-charter-extension/Denmark’s Maersk Tankers has called options on four very large ammonia carrier (VLAC) newbuilds at Hyundai Samho Heavy Industries in South Korea. The move firms up eight out of 10 93,000 cu m ships the subsidiary of AP Moller Holding signed up for at the yard in December. The first four vessels, costing around $432m …
https://splash247.com/maersk-tankers-lifts-ammonia-carriers-orderbook-to-eight/
https://splash247.com/maersk-tankers-lifts-ammonia-carriers-orderbook-to-eight/John Fredriksen’s family holding company, Seatankers Management, has come back to Qingdao Yangfan yard in China with a newbuilding deal in the largest bulk carrier segment. Shipbuilding sources report the Cyprus-based outfit signing up for four 210,000 dwt newcastlemaxes at about $68m each for delivery in 2027 and 2028. Seatankers’ ordering spree kicked off this …
https://splash247.com/fredriksen-signs-for-newcastlemax-newbuilds/
https://splash247.com/fredriksen-signs-for-newcastlemax-newbuilds/Capesize At the beginning of the week, the Pacific market showed promising activity with healthy cargo volumes. However, despite this, conditions slightly weakened, and the Atlantic market remained subdued, as the week got underway. Nevertheless, as the week progressed, the Pacific market saw increased activity, particularly before the Singapore holiday, with C5 stabilizing around the ...
https://www.hellenicshippingnews.com/capesize-marketshowing-signs-of-improvement/
https://www.hellenicshippingnews.com/capesize-marketshowing-signs-of-improvement/Iran’s Revolutionary Guard Corps (IRGC) Navy has seized a containership belonging to Israeli billionaire Eyal Ofer’s Zodiac Maritime and operated by Mediterranean Shipping Co (MSC) near the Strait of Hormuz. Iran state news agency IRNA reported on Saturday that the Israeli-linked Portuguese-flagged 15,000 teu MSC Aries had been captured and being directed back to Iranian …
https://splash247.com/iran-seizes-zodiac-and-msc-linked-containership/
https://splash247.com/iran-seizes-zodiac-and-msc-linked-containership/For Lee Mi-kyung, whose son was one of the 250 children who died in South Korea's Sewol ferry disaster 10 years ago, coping with the grief and anger has been incredibly hard. She works through her pain on stage."I will no longer hide in darkness…
https://www.marinelink.com/news/ten-years-south-korean-ferry-disaster-512927
https://www.marinelink.com/news/ten-years-south-korean-ferry-disaster-512927