Stay informed with real-time maritime industry updates
Splash247
Excelerate Energy has redirected its latest floating storage and regasification unit (FSRU) to Jordan due to delays in Iraq's LNG import project, as reported by Splash247. The company has entered into a nine-month charter agreement with Jordan's National Electric Power Company (NEPCO) for interim employment of the vessel.
Offshore Energy
SPIE Global Services Energy has secured a contract from Seaway7 to perform cable termination work on Poland's Bałtyk 2 and 3 offshore wind farms, as reported by Offshore Energy. This contract involves delivering inter-array cable services for the wind farms.
Seatrade Maritime
Captain Bekavac, recently released from imprisonment, has accused Turkish authorities of corruption, while chief mate Ali Albokhari remains incarcerated, as reported by Seatrade Maritime.
Splash247
Splash247 reports that the tanker market's age depreciation curve has been disrupted by the Hormuz crisis, leading to five-year-old VLCCs trading at higher prices than new vessels from Korean shipyards. Signal Ocean's Tanker Market Monitor highlights this inversion of asset pricing across all major crude tanker segments.
Seatrade Maritime
CU Lines is set to expand its fleet by adding four new container ships from Huangpu Wenchong Shipyard, as reported by Seatrade Maritime. This move marks a return to the shipyard for the Chinese container line.
Splash247
The opening day of Geneva Dry featured a lively discussion on the relevance of brokers in the dry bulk industry amid the rise of instant data and AI-driven trading, as reported by Splash247. The panel, consisting of owners and charterers, explored the industry's reliance on traditional methods despite technological advancements.
Seatrade Maritime
Maersk's container business reported losses in the first quarter, as noted by Seatrade Maritime, despite the limited impact from the Middle East conflict. The Danish company highlighted strong performance from its terminals during this period.
Splash247
Splash247 reports that a US Navy F/A-18 Super Hornet launched from the USS Abraham Lincoln has disabled the Iranian-flagged VLCC Hasna in the Gulf of Oman. The aircraft fired its 20 mm cannon at the ship's rudder after the vessel allegedly attempted to breach the American naval blockade of Iran's ports, according to US Central Command.
Offshore Energy
A report by Offshore Energy reveals that the use of substitute engine parts led to a diesel generator engine failure, causing an engine room fire on a UK survey vessel. The incident resulted in total power loss on the vessel.
gCaptain
Dry-bulk shipping rates have surged to their highest level since December 2023, driven by increased demand for Capesize vessels and a tightening supply of ships, as reported by gCaptain.
