Stay informed with real-time maritime industry updates
Splash247
Tug Network Team has expanded its operations into Europe by adding Hamburg-based Fairplay Towage, as reported by Splash247. This expansion increases the network's reach to 113 ports across 13 countries, with a combined fleet of over 200 tugs.
Offshore Energy
OLT Offshore LNG Toscana, a subsidiary of Snam, has commenced small scale liquefied natural gas (SSLNG) operations at its floating storage and regasification unit (FSRU) near Livorno, as reported by Offshore Energy. This marks a new chapter in Italy's LNG capabilities.
Offshore Energy
Nexans has achieved a new world record by installing a subsea cable 3,000 meters underwater, as reported by Offshore Energy. This milestone highlights Nexans' continued innovation in cable systems design and manufacturing.
Splash247
Bunker prices have surged to record levels due to the ongoing conflict involving Iran and the US/Israeli coalition, as reported by Splash247. Ship & Bunker notes that the average global price for IFO380 heavy bunker fuel reached $841.50 per ton, surpassing the previous record of $760. The price in Singapore, a key maritime hub, has also seen significant increases.
Offshore Energy
N-Sea Group, a Dutch subsea solutions provider, has announced a long-term charter agreement to expand its fleet with a new offshore support vessel set for delivery in 2027, as reported by Offshore Energy. This strategic move aims to enhance N-Sea's operational capabilities.
Splash247
Friederike Hesse, co-founder of ZERO44, is eager to attend her first Geneva Dry event next month, as reported by Splash247. The event will take place at the President Hotel Wilson on April 28 and 29, gathering hundreds of owners and charterers for the world’s leading commodities discussions.
Splash247
Navitas Compania Maritima has successfully acquired a capesize bulker amid rising prices, as reported by Splash247. The market has seen a shift from kamsarmax and supramax segments to capesize vessels, with Chinese and Greek buyers leading acquisitions in early March.
Seatrade Maritime
Seatrade Maritime reports that container lines MSC and CMA CGM are offering complex shipping routes from Asia to the Middle East due to security threats in the southern Red Sea and the Gulf. These routes include inland multimodal legs to navigate the challenges.
Seatrade Maritime
US President Trump has issued a stern warning of 'Death, Fire and Fury' if Iran attempts to close the Strait of Hormuz, as reported by Seatrade Maritime. He claims that the US's war strategy against Iran is 'very complete' but has not dismissed the possibility of taking control of the strategic waterway.
gCaptain
U.S. President Donald Trump is contemplating the relaxation of oil sanctions on Russia and the release of emergency crude reserves to address escalating global oil prices due to the Iran conflict, as reported by gCaptain. These measures are part of a broader strategy to mitigate the impact of disruptions in the Strait of Hormuz.
