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As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.The conflagration sparked by Saturday's Israeli-U.S.
https://www.marinelink.com/news/maritime-insurance-surges-iran-conflict-536641
https://www.marinelink.com/news/maritime-insurance-surges-iran-conflict-536641Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war, traders said on Friday.The U.S.-Israeli war against Iran…
https://www.marinelink.com/news/russian-urals-prices-tops-brent-indian-536647
https://www.marinelink.com/news/russian-urals-prices-tops-brent-indian-536647Island Marine Electric has appointed marine technology sales veteran Doug Bennis as Vice President of Sales & Marketing.Bennis brings experience in the maritime and satellite communications industries, where he has led global sales initiatives…
https://www.marinelink.com/news/island-marine-electric-names-doug-bennis-536650
https://www.marinelink.com/news/island-marine-electric-names-doug-bennis-536650The Swedish coast guard said it boarded and took control of a suspected stateless vessel in Swedish waters of the Baltic Sea on Friday, and it was carrying out investigations on the ship."At 3:50 p.m. today, the Coast Guard took control of a…
https://www.marinelink.com/news/swedish-coast-guard-boards-vessel-536652
https://www.marinelink.com/news/swedish-coast-guard-boards-vessel-536652The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday.President Donald…
https://www.marinelink.com/news/us-reinsure-maritime-losses-gulf-region-536653
https://www.marinelink.com/news/us-reinsure-maritime-losses-gulf-region-536653The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a third session on Friday, sliding 6% to its lowest point since February 11 at 2,010 points. Rates declined across all vessel segments amid disruptions to maritime traffic caused by the Middle East conflict. The capesize index, which ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-3-week-low/
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-3-week-low/China Merchants Group is expanding its greener inland fleet, with subsidiary Changhang Freight (Zhoushan) contracting two LNG-powered bulk carriers at a domestic shipyard. The newbuildings will be constructed by Jiangxi New Jiangzhou Shipbuilding Heavy Industry, and will each measure about 20,000 dwt. The vessels are designed as river-sea direct bulkers for Grade A navigation areas …
https://splash247.com/china-merchants-unit-orders-lng-powered-yangtze-bulkers/
https://splash247.com/china-merchants-unit-orders-lng-powered-yangtze-bulkers/Oslo-listed dry bulk owner Jinhui Shipping and Transportation has agreed to sell one of its ultramax bulk carriers as it continues to streamline its fleet. The Hong Kong-based outfit said it has struck a $23.46m deal with Hongkong Yiming Shipping for the 2014-built 63,485 dwt bulker Jin Ping, with delivery set between June 1 and …
https://splash247.com/jinhui-continues-fleet-renewal-with-23-5m-ultramax-sale/
https://splash247.com/jinhui-continues-fleet-renewal-with-23-5m-ultramax-sale/Qatar is offering at least two liquefied natural gas tankers that it controls for lease, as the country’s massive export facility in the Gulf remains shut due to the ongoing war in the Middle East, Bloomberg News reported on Friday.The Al Thumama and Mesaieed, both of which are under long-term chart
https://www.marinelink.com/news/qatar-offers-lng-tankers-lease-export-536610
https://www.marinelink.com/news/qatar-offers-lng-tankers-lease-export-536610Deutsche Offshore Schifffahrt (DO) has started construction of a new fleet of construction commissioning service operation vessels (C-CSOVs), with the first steel cut for the lead vessel DO Joule at CSSC Huangpu Wenchong Shipyard in Guangzhou…
https://www.marinelink.com/news/deutsche-offshore-schifffahrt-starts-536616
https://www.marinelink.com/news/deutsche-offshore-schifffahrt-starts-536616