Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports that Dajin Heavy Industry is planning an initial public offering on the Hong Kong Stock Exchange. The shipyard group intends to use the funds from the listing for business development.
gCaptain
The LNG carrier Merkuriy, recently reflagged to Russia, has been observed loading liquefied natural gas at the Saam floating storage unit, as reported by gCaptain. This activity is part of the sanctioned Arctic LNG 2 project.
Splash247
Dutch shipowner Vroon is exiting the livestock shipping sector by selling its Livestock Express business to Australian group Heytesbury, as reported by Splash247. The transaction includes all 11 livestock carriers and the Singapore-based operations and technical management activities for third-party vessels. Financial details of the deal were not disclosed.
Splash247
Ocean Network Express has contracted HD Hyundai Heavy Industries for LNG-capable containerships worth $1.22 billion, advancing its alternative-fuel fleet renewal strategy, as reported by Splash247. The Singapore-based liner operator continues its expansion despite earlier scaling back plans.
Splash247
Despite a rare transit by an LNG carrier through the Strait of Hormuz, tensions remain high as President Donald Trump rejected Iran's response to a US peace proposal, according to Splash247. The situation in the Persian Gulf shows no signs of resolution, highlighting ongoing challenges in the region.
Seatrade Maritime
Brazil is advancing plans for a new terminal at the Port of Santos, as reported by Seatrade Maritime. This move allows shipping lines to participate in the bidding process, potentially boosting the port's capacity.
Seatrade Maritime
CU Lines has introduced a new direct container service from China to Aqaba, Jordan, as reported by Seatrade Maritime. This expansion aims to enhance connectivity between China and the Red Sea region.
Splash247
VLGC spot rates have soared to unprecedented levels, with the Houston-to-Chiba route's freight rate reaching $290 per metric tonne and daily earnings nearing $170,000, as reported by Clarksons Research. This marks the highest level ever recorded for the series, according to Splash247.
Splash247
Kuba Szymanski, secretary-general of InterManager, argues in Splash247 that the global seafarer shortage is not primarily a recruitment issue as many believe. Instead, he emphasizes the need for better training, support, and protection of the current workforce to secure the industry's future.
Splash247
The Baltic Dry Index surpassed the 3,000-point mark, its highest in years, spurring a surge in the sale and purchase market, as reported by Splash247. Lion Shipbrokers noted 16 deals over the weekend, highlighting a strong demand for 15-20-year-old Japanese-built panamax vessels.
