Stay informed with real-time maritime industry updates
Offshore Energy
Offshore Energy reports that Hanwha Ocean has delivered the second of four Very Large Crude Carriers (VLCCs) to Bermuda-based DHT Holdings. This delivery marks a significant milestone for the tanker company as it expands its fleet.
Splash247
Splash247 reports that the ongoing conflict between Iran and the US/Israeli coalition has led to a significant increase in oil prices and spot shipping rates, reaching historic highs. The situation, now in its tenth day, is heavily impacting the global economy.
Offshore Energy
France-based Viridien has started a multi-client 3D seismic survey offshore Uruguay, as reported by Offshore Energy. The survey aims to gather detailed geophysical data in the region.
Splash247
CK Hutchison's Panama Ports Company has initiated international arbitration, seeking at least $2 billion in damages after the Panamanian government moved to cancel its concession and take control of the Balboa and Cristóbal terminals. This development was reported by Splash247.
Splash247
Swedish authorities have seized the cargo ship Caffa and detained a crewmember near Trelleborg, amid suspicions of the vessel being stateless and involved in transporting stolen Ukrainian grain, as reported by Splash247. The operation involved armed police boarding the ship from a helicopter and a high-speed boat.
Seatrade Maritime
Seatrade Maritime examines the legal challenges faced by shipowners with vessels stranded in the Gulf amid the Strait of Hormuz crisis, questioning who bears the financial responsibility and whether charter performance can be refused due to risks to the vessel and crew.
Splash247
Africa is emerging as a significant player in the global liner market, with its container lanes showing the highest growth rates, according to data from Container Trade Statistics reported by Splash247. The trend observed last year continues to gain momentum, highlighting Africa's increasing influence on global trade routes.
Splash247
As reported by Splash247, the tanker industry is experiencing a surge in newbuild contracts across Asian shipyards, particularly for VLCCs. Despite this, more than half of the tanker fleet (51%) is now over 15 years old, according to broker Hartland.
Seatrade Maritime
Seatrade Maritime reports that Star Bulk has entered the acquisition race for Genco, alongside Diana Shipping. This development marks a significant move in the ongoing consolidation within the dry bulk shipping sector.
Seatrade Maritime
Seatrade Maritime reports that oil prices have surged past $100 per barrel, driven by geopolitical tensions in Iran and record-breaking tanker rates, with VLCCs earning over $700,000 per day. Qatar's Energy Minister suggests prices could reach $150 if the conflict persists, though the high rates may be short-lived.
