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In its most expansive sanctions package against Iran in nearly seven years, the US Treasury has imposed sweeping measures on over 100 individuals, companies, and vessels linked to Iranian maritime and sanctions-evasion network. The action, unveiled Wednesday, is aimed at dismantling what the US calls a “shipping empire” at the heart of Iran’s illicit oil …
https://splash247.com/us-treasury-unleashes-largest-iran-shipping-sanctions-since-2018/
https://splash247.com/us-treasury-unleashes-largest-iran-shipping-sanctions-since-2018/South Korea has agreed to invest $150bn into a dedicated US shipbuilding revitalisation fund, as part of a $350bn bilateral trade agreement signed Wednesday in Washington. The move—touted as the largest Korean industrial investment in US history—aims to inject new life into America’s struggling shipyards while simultaneously granting Korean shipbuilders a critical foothold in the …
https://splash247.com/south-korea-to-invest-150bn-in-us-shipbuilding/
https://splash247.com/south-korea-to-invest-150bn-in-us-shipbuilding/UK shipbroking group SSY is bolstering its commodities arm, SSY Futures, with the acquisition of Uranium Markets a US-based nuclear fuel brokerage. The acquisition gives SSY a foothold in the nuclear energy market — a sector gaining traction as global energy demand rises and digital infrastructure and AI priorities place renewed emphasis on stable, clean …
https://splash247.com/ssy-moves-into-nuclear-fuel-markets/
https://splash247.com/ssy-moves-into-nuclear-fuel-markets/Panama's comptroller general, Anel Flores, said on Wednesday he had filed suit to the nation's Supreme Court against a contract to operate ports near the Panama Canal, held by a local firm controlled by Hong Kong-based CK Hutchison.Flores said…
https://www.marinelink.com/news/panama-auditor-files-suit-scrap-ck-528505
https://www.marinelink.com/news/panama-auditor-files-suit-scrap-ck-528505The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after bombing Tehran's key…
https://www.marinelink.com/news/us-hits-iranian-shipping-network-new-528506
https://www.marinelink.com/news/us-hits-iranian-shipping-network-new-528506The US Bureau of Ocean Energy Management (BOEM) has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf (OCS).BOEM says the action is being taken in accordance with Secretary’s Order 3437 - Ending Preferential Treatment for Unreliable…
https://www.marinelink.com/news/us-cancels-designated-wind-energy-areas-528507
https://www.marinelink.com/news/us-cancels-designated-wind-energy-areas-528507Artemis Technologies is leading a feasibility study on the establishment of a new ferry service between Newlyn in Cornwall and St Mary’s in the Isles of Scilly, around 30 miles off the southwestern tip of Cornwall, England, in the Atlantic Ocean.The…
https://www.marinelink.com/news/hydrofoiling-ferry-prevent-seasonal-528509
https://www.marinelink.com/news/hydrofoiling-ferry-prevent-seasonal-528509Tanker company DHT Holdings, Inc. has entered into a $308.4 million senior secured credit facility for the post-delivery financing of the company’s four newbuildings.The vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean…
https://www.marinelink.com/news/dht-secures-postdelivery-finance-vlccs-528510
https://www.marinelink.com/news/dht-secures-postdelivery-finance-vlccs-528510Japanese trading house Mitsui & Co and shipping giant Mitsui OSK Lines (MOL) have agreed to acquire Scotland’s energy industry hub Port of Nigg and key fabrication and access business units from Global Energy Group (GEG). The deal covers the deepwater, multi‑sector energy port and UK green freeport; Global Energy (Fabrication) — a multi‑site fabrication …
https://splash247.com/mitsui-takes-over-scottish-wind-port/
https://splash247.com/mitsui-takes-over-scottish-wind-port/Captain Naveen Singhal and Captain M.M. Saggi have suggestions on how to clamp down on the scourge of misdeclared cargoes. Containerisation has been a game-changer in the carriage of goods. However, in the last decade or so, unscrupulous shippers and freight forwarders to save a few dollars on freight, have seriously jeopardised an efficient and …
https://splash247.com/excess-unidentified-baggage-in-containers-is-breaking-the-back-of-shipowners/
https://splash247.com/excess-unidentified-baggage-in-containers-is-breaking-the-back-of-shipowners/