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South Korean flagship HMM’s onshore union has vowed legal action and a potential general strike after major shareholders and the government moved to press ahead with plans to relocate the company’s headquarters from Seoul to Busan. The dispute risks escalating into widescale industrial action as shareholders prepare a rapid timetable of board and shareholder votes. …
https://splash247.com/hmm-union-threatens-strike-over-plans-to-move-hq-to-busan/
https://splash247.com/hmm-union-threatens-strike-over-plans-to-move-hq-to-busan/Hengli Heavy Industry has been a regular fixture among Splash headlines for the last few years, the northeastern Chinese yard amassing vast amounts of orders from blue chip owners since it was resuscitated by Chen Jianhua in the middle of 2022. The yard recorded an unheard of order every three days throughout 2025, with these …
https://splash247.com/vlcc-boom-propels-hengli-to-top-spot-among-chinese-yards-by-order-volume/
https://splash247.com/vlcc-boom-propels-hengli-to-top-spot-among-chinese-yards-by-order-volume/VLCC and suezmax rates have hit unprecedented levels as tanker availability slumps after the weekend’s attack on Iran by the US and Israel. Tankers International reported Greek owner’s Minerva Marine’s, 15-year-old, 317,000 dwt Pantanassa was fixed on subs yesterday to South Korea’s GS Caltex at $436,000 a day – the highest ever spot rate for …
https://splash247.com/vlcc-records-tumble-amid-hormuz-paralysis/
https://splash247.com/vlcc-records-tumble-amid-hormuz-paralysis/The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance…
https://www.marinelink.com/news/trump-orders-oil-tanker-insurance-support-536455
https://www.marinelink.com/news/trump-orders-oil-tanker-insurance-support-536455MSC, the world's largest carrier of ocean container cargo, said on Tuesday all cargo bound for ports in the Gulf will be offloaded at the nearest safe seaport due to ongoing hostilities in the Middle East following U.S. and Israeli attacks on Iran.The move…
https://www.marinelink.com/news/msc-offload-cargo-bound-gulf-536456
https://www.marinelink.com/news/msc-offload-cargo-bound-gulf-536456Japanese lawmakers reeling from attacks on Iran by the United States and Israel gathered on Monday at the ruling party's offices in Tokyo to question bureaucrats about evacuation plans, energy stocks and the legal basis for U.S. action.But one query posed at the closed-door meeting…
https://www.marinelink.com/news/trumps-asian-allies-fear-iran-war-sap-536457
https://www.marinelink.com/news/trumps-asian-allies-fear-iran-war-sap-536457Ship refuelling at Fujairah, a major bunkering hub in the United Arab Emirates, has slowed after a fire, market sources told Reuters, while demand at other refuelling hubs, including Singapore, is set to rise.Some bunker deliveries and loadings were on hold for now as suppliers…
https://www.marinelink.com/news/fujairah-bunkering-hit-fire-demand-shifts-536465
https://www.marinelink.com/news/fujairah-bunkering-hit-fire-demand-shifts-536465Oslo-based United European Car Carriers (UECC) is expanding its fleet with an order for two more eco-friendly car carriers in China. The shortsea roro operator, jointly owned by Wallenius Lines and Nippon Yusen Kaisha, has signed for a pair of 3,000 ceu vessels at China Merchants Jinling Shipyard Nanjing. The latest contract takes UECC’s orderbook …
https://splash247.com/united-european-car-carriers-lifts-newbuild-tally-to-four/
https://splash247.com/united-european-car-carriers-lifts-newbuild-tally-to-four/Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an "alarming" situation that has left dozens of ships stranded in the Strait of Hormuz and the wider area due to the widening Iran conflict.Traffic…
https://www.marinelink.com/news/greece-calls-protection-shipping-536436
https://www.marinelink.com/news/greece-calls-protection-shipping-536436Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar…
https://www.marinelink.com/news/global-energy-prices-jump-middle-east-536437
https://www.marinelink.com/news/global-energy-prices-jump-middle-east-536437