Stay informed with real-time maritime industry updates
Splash247
The Japanese-controlled, India-flagged VLCC Kasagisan, built in 2006, has been sold for $60.5 million, highlighting strong vintage tanker values, as reported by Splash247. Though the buyer remains unidentified, brokers suggest interest from outside Korea.
Splash247
Rio Tinto's shipping division has sold two sister vessels, RTM Cartier and RTM Zheng, as reported by Splash247. The 205,000 dwt newcastlemax ships, built in 2012 at HHIC Philippines, were sold to Chinese buyers for a firm price.
Splash247
A conflict in the Middle East has led to a significant disruption in the global fertiliser market, with 24% of the world's bulk fertiliser supply now inaccessible due to the blockade of the Strait of Hormuz, as reported by Splash247. This crisis is expected to have widespread effects on agricultural economics from Brazil to Southeast Asia.
gCaptain
An undersea pipeline owned by Pemex has been identified as the source of an oil spill in the Gulf of Mexico, which has affected local beaches and wildlife, as reported by gCaptain. The incident has drawn significant criticism from environmental groups.
gCaptain
The United States announced the seizure of an Iranian cargo ship, escalating tensions with Tehran, as reported by gCaptain. Tehran has vowed to retaliate following the incident.
Seatrade Maritime
Seatrade Maritime reports on the launch of an upgraded pollution reporting and monitoring app, Eyesea, which now includes satellite spectrometry to enhance its functionality in tackling marine pollution. This development aims to improve the accuracy and effectiveness of pollution tracking in maritime environments.
Seatrade Maritime
The US Navy fired upon and boarded the Iranian container ship Touska in the Arabian Sea, disabling it with shots to the engine room before marines seized the vessel, as reported by Seatrade Maritime.
gCaptain
China's People's Liberation Army is conducting military drills in the Western Pacific, pushing beyond a chain of archipelagos, as reported by gCaptain. These rare exercises could be interpreted as a strategic challenge.
gCaptain
As reported by gCaptain, several cruise ships trapped in the Persian Gulf due to the Iran war managed to exit through the Strait of Hormuz during a brief reopening. The strategic move allowed these vessels to flee the tense region, highlighting the ongoing challenges in maritime navigation amid geopolitical conflicts.
Seatrade Maritime
Seatrade Maritime reports that the Singapore and Malacca Straits experienced over 100,000 vessel transits last year, marking a record level of traffic for the world's busiest waterway. This increase highlights the strategic importance of these straits in Southeast Asia.
