Stay informed with real-time maritime industry updates
Splash247
China has commenced the construction of a new ship lock system at the Three Gorges Dam, which is expected to nearly double the cargo capacity at this major inland shipping corridor, as reported by Splash247. The $11.4 billion project will introduce a new five-stage lock system to alleviate congestion.
Splash247
Balaena has acquired APCL Group, incorporating renowned UK ship repair and shipbuilding facilities, as reported by Splash247. This acquisition includes A&P Tyne, Cammell Laird in Birkenhead, A&P Falmouth, and Falmouth Docks and Engineering Company, signaling a strategic move ahead of expected growth in British naval and commercial maritime investment.
Splash247
BIMCO is drafting a standard clause for tanker sale agreements to comply with new EU sanctions targeting Russian involvement in tanker trades, as reported by Splash247. This move follows the EU's adoption of its 20th sanctions package.
Splash247
Niklas Weidmann, managing director of Tilla, offers insights on reducing crew travel expenses in an article for Splash247. He highlights the challenges faced when vessel schedules change, such as the shift from Singapore on the 18th to the 22nd, leading to logistical errors. This advice is crucial for crew operators managing travel logistics from locations like Hamburg.
Seatrade Maritime
Seatrade Maritime reports that India and the International Maritime Organization have condemned an attack on the Palau-flagged tanker Settebello in the Gulf of Oman, which resulted in three Indian seafarers going missing. US forces intervened and disabled the tanker during the incident.
Seatrade Maritime
The Islamic Revolutionary Guard Corps (IRGC) has declared the Strait of Hormuz closed to all shipping traffic, including tankers and commercial vessels, as reported by Seatrade Maritime. Iran claims to have struck two ships in the region, escalating tensions in this critical maritime corridor.
gCaptain
The U.S. Treasury Department has introduced a new sanctions framework to facilitate the reopening of Venezuela's energy and mining sectors to U.S. and allied companies, as reported by gCaptain. This move is part of a broader strategy to engage with Venezuela's oil, gas, and mineral exports.
gCaptain
The Trump administration has announced a significant achievement in U.S. energy exports as Delfin Midstream has reached a final investment decision on the first phase of its offshore liquefied natural gas (LNG) export facility, as reported by gCaptain. This development marks a major milestone for the nation's energy sector.
gCaptain
President Donald Trump disclosed a covert U.S. military operation aiding 200 commercial vessels through the Strait of Hormuz, as reported by gCaptain. This marks the first public acknowledgment of such an operation.
gCaptain
Over the weekend, 16 oil tankers gathered off the coast of Oman to transfer millions of barrels of oil stranded in the Persian Gulf, as reported by gCaptain. This area was notably empty just a month ago.
