Stay informed with real-time maritime industry updates
gCaptain
gCaptain reports that Russian and Iranian oil producers are aggressively cutting prices to compete for Chinese buyers after India reduced its imports by 40%. This pricing battle has resulted in nearly 48 million barrels of Iranian crude being stranded at sea as China's independent refiners hit capacity limits.
Splash247
Ernst Russ, a Hamburg-based company, is enhancing its multipurpose fleet by acquiring two modern heavylift vessels, Ronnie and Charlie, as reported by Splash247. These 12,500 dwt MPPs will be chartered to dship Carriers for a period of seven years.
Splash247
Reach Subsea has been awarded a contract by Equinor, on behalf of Gassco, to conduct external inspections on approximately 3,500 km of subsea pipelines, as reported by Splash247. This project involves a significant portion of Gassco's pipeline network in Norwegian waters and export routes to Denmark, Germany, and the UK.
gCaptain
The Drewry World Container Index indicates a 1% decrease in global container shipping rates, now at $1,899 per 40-foot container, marking the seventh consecutive week of decline, as reported by gCaptain. This trend persists despite the reopening of factories ahead of the traditional pre-Lunar New Year period.
Offshore Energy
Eidesvik Offshore is set to launch the first offshore vessel operating on ammonia this autumn, as reported by Offshore Energy. The conversion is being handled by Halsnøy Dokk, marking a significant step in maritime fuel innovation.
Offshore Energy
Everllence, previously known as MAN Energy Solutions, is set to supply its electrically driven compressor technology to MODEC for a floating production storage and offloading (FPSO) unit destined for Guyana, as reported by Offshore Energy.
gCaptain
The European Union is working to align its proposed maritime services ban on Russian seaborne crude oil exports with G7 nations, as reported by gCaptain. The EU's sanctions envoy emphasized the need for coordination before implementing the measure.
gCaptain
Iran has been rapidly loading oil onto tankers, potentially preparing for a US attack, as reported by gCaptain. This activity comes amid heightened tensions in the Persian Gulf region.
Offshore Energy
AD Ports Group and Nimex Terminals have commenced construction on a new LPG terminal hub at Khalifa Port, as reported by Offshore Energy. This development marks a significant expansion in the port's capabilities.
Offshore Energy
Neptune Marine, a Dutch shipbuilder and designer, is preparing to launch the hull of a new multifunctional workboat, as reported by Offshore Energy. The launch is anticipated to take place soon.
