Stay informed with real-time maritime industry updates
Heung-A Shipping from South Korea has contracted up to six stainless steel chemical tankers from Wuchang Shipbuilding in China, as reported by Splash247. The order includes three firm 26,000 dwt vessels with options for three additional ships, totaling approximately $280 million.
Splash247
Pleiades Shipping, a Greek tanker owner, has placed an order for two MR tankers at Guangzhou Shipyard International in China, with deliveries set for the fourth quarter of 2028, as reported by Splash247. The financial details of the deal remain undisclosed, although current broker estimates suggest newbuilding prices for MR tankers are around $48 million.
Splash247
BGN has expanded its LPG fleet by ordering two very large gas carriers from HD Hyundai Heavy Industries, as reported by Splash247. These dual-fuel gas carriers, each with a capacity of 93,000 cubic meters, are scheduled for delivery in 2029.
Splash247
Fujian Shipping Group has placed an order for four multipurpose heavylift vessels at Nantong Xiangyu Shipbuilding & Offshore Engineering, as reported by Splash247. This order is part of the Chinese owner's fleet renewal program, focusing on ships capable of handling both bulk and breakbulk trades.
gCaptain
OPEC+ is expected to agree on a fourth consecutive increase in oil output targets, as reported by gCaptain. The decision comes in the wake of the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments.
gCaptain
Russian forces have attacked two civilian search and rescue vessels in Ukrainian waters, resulting in injuries, as reported by gCaptain. Ukrainian Deputy Prime Minister Oleksiy Kuleba stated that the enemy launched strikes on the boats.
Seatrade Maritime
Seatrade Maritime reports that the Panama Canal is reducing the maximum draught for neo-Panamax vessels starting July 1 due to concerns over El Niño. This adjustment could potentially disrupt supply chains as water levels are affected.
gCaptain
Container shipping rates on the Asia-to-US route have surged by 109% since the onset of the Iran conflict, driven by increased fuel costs and port congestion in Asia, as reported by gCaptain. The demand for shipping has also picked up, contributing to the rate hike.
gCaptain
Taiwan has reported that a Chinese coast guard ship and a survey ship conducted a coordinated operation in the waters around strategically important islands in the South China Sea, as reported by gCaptain. This marks the first such operation aimed at provoking Taiwan, according to the report.
The Tanzania-flagged containership Golden Star 1 has sunk off the coast of Batam, Indonesia, after reportedly taking on water, as reported by Splash247. This incident has led to navigation warnings in one of the world's busiest shipping corridors.
