Stay informed with real-time maritime industry updates
gCaptain
Three Chinese vessels have sailed through the Strait of Hormuz following coordination with relevant parties, as reported by a foreign ministry spokesperson during a press briefing. The spokesperson emphasized the importance of peace and stability in the Gulf Region, according to gCaptain.
Seatrade Maritime
Seatrade Maritime reports that MSC and Ports America have formed a joint venture to develop and operate the Louisiana International Terminal. This collaboration aims to enhance the terminal's capabilities and infrastructure.
Seatrade Maritime
The handover of the training ship State of Maine, constructed at Hanwha Philly Shipyard, highlights the United States' maritime ambitions, as reported by Seatrade Maritime. This event signifies a key development in US maritime training capabilities.
Splash247
Iran's parliament has approved a toll system for the Strait of Hormuz, as reported by Splash247. Meanwhile, a Kuwaiti VLCC was attacked and set on fire off Dubai port amid ongoing conflict involving the US/Israeli coalition and Iran.
Offshore Energy
Offshore Energy reports the installation of the first Siemens Gamesa 11 MW wind turbine at Ørsted's new US offshore wind farm has commenced. This marks a significant step in the development of the project, which will feature a total of 84 turbines.
Splash247
China Merchants Energy Shipping (CMES) is expanding its crude tanker fleet by ordering 10 very large crude carriers (VLCCs) from Dalian Shipbuilding Industry Co, as reported by Splash247. The order was placed through CMES's Hong Kong-based subsidiary, Associated Maritime Co.
Seatrade Maritime
Cosco Shipping Energy Transportation has reported a 2% increase in profits, aided by its Chinese coastal and LNG shipping operations, as reported by Seatrade Maritime. This growth comes despite the cyclical nature of tanker earnings.
Splash247
Scorpio Tankers has agreed to sell two MR product tankers, STI Brooklyn and STI Black Hawk, for $35 million each, as reported by Splash247. The New York-listed company is capitalizing on strong secondhand prices as part of a fleet reshuffle, with deliveries expected in the second quarter.
Splash247
Satellite images confirm significant damage to Russia’s primary energy export ports due to Ukraine's ongoing Baltic bombardment campaign, according to Splash247. Ust-Luga port has been targeted for the third time in just over a week, highlighting the intensity of Ukrainian drone attacks on Russian ports and refineries.
Splash247
Asset prices for large bulkers have risen by 15% over the past two months, as reported by Splash247. The demand for capesize tonnage remains robust, with brokers noting several deals weekly despite ongoing geopolitical tensions.
