Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports that port concessions in Panama have been terminated, impacting operations in the region. Additionally, VLCCs are experiencing significant earnings, and a top liner chief is stepping down, marking notable shifts in the maritime industry.
Seatrade Maritime
Hafnia, a product and chemical tanker owner, is promoting market consolidation as a strategy to enhance energy transition benefits, as reported by Seatrade Maritime. The company has acquired a 14% stake in Torm, highlighting its commitment to this approach.
gCaptain
The McMurdo Docking Pier has successfully reached McMurdo Station after a 9,159-nautical-mile tow across the Pacific and Southern Oceans, as reported by gCaptain. This marks a significant milestone for the United States' research station in Antarctica.
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.
