Stay informed with real-time maritime industry updates
Splash247
BGN has placed an order for four very large gas carriers (VLGCs) at HD Hyundai Heavy Industries, as reported by Splash247. The energy trader is expanding its LPG and LNG operations with these 90,000 cu m dual-fuel vessels, expected to be delivered in the second half of the year.
Offshore Energy
BGN, a Dubai-based energy and commodities trading group, has placed an order for four new Very Large Gas Carriers (VLGCs) to enhance its liquefied petroleum gas fleet, as reported by Offshore Energy. This move follows a recent LNG vessel deal by the company.
Offshore Energy
Offshore Energy highlights the importance of smarter video security systems in safeguarding offshore energy assets. These assets are critical and vulnerable components of power and production businesses, necessitating advanced protection measures.
Offshore Energy
Offshore Energy reports that Odfjell Drilling, based in Scotland, has halted operations on a 17-year-old semi-submersible rig following an incident involving a blowout preventer. The equipment-handling mishap has prompted an investigation and necessitated repairs.
Offshore Energy
A three-party collaboration in Singapore is focusing on the marketing and supply of low-carbon ammonia as marine fuel, as reported by Offshore Energy. This initiative aims to promote sustainable energy solutions in the maritime sector.
gCaptain
Traffic through the Strait of Hormuz has come to a near halt following the US seizure of an Iranian vessel, highlighting the complexities of restoring movement in this critical maritime corridor, as reported by gCaptain.
Splash247
India is establishing the Bharat Maritime Insurance Pool to enhance its protection and indemnity capabilities, reducing dependence on international insurers. This move aims to provide liability coverage for Indian-flagged vessels, covering risks like pollution and collisions, as reported by Splash247.
Splash247
Smaller container lines are rapidly withdrawing from the transpacific trades as freight rates decline, according to Danish consultancy Sea-Intelligence. Splash247 reports that capacity offered by non-alliance carriers on the Asia-North America west coast route has plummeted to a 10-year low, excluding the early pandemic period.
Splash247
The International Maritime Organization (IMO) has approved new guidelines to enhance transparency in ship registration, as reported by Splash247. These measures, adopted during the IMO's Legal Committee session in London, aim to improve due diligence and oversight of registries.
Splash247
The Strait of Hormuz has experienced a series of disruptions, including vessel attacks and a US naval boarding, causing concern among commercial shipping operators over fleet safety, as reported by Splash247. The situation intensified with Iran's announcement regarding the strait's status.
