Stay informed with real-time maritime industry updates
Splash247
Jumbo, a Dutch heavylift shipping specialist, is expanding its fleet with two new multipurpose vessels from China, as reported by Splash247. The Rotterdam-based company has contracted Dajin Heavy Industry for the construction of these 25,000 dwt vessels, valued at approximately $156 million, with deliveries set for 2028 and 2029.
Seatrade Maritime
As reported by Seatrade Maritime, the reliability of container lines has decreased, coinciding with an increase in freight rates. This trend has been observed since 2020, as various crises have impacted the shipping industry.
Seatrade Maritime
Seatrade Maritime reports that the tanker market is facing a critical week as the US and Iran appear to be moving towards a peace agreement, raising questions about the potential re-opening of the Strait of Hormuz. The lack of clarity surrounding this development has significant implications for shipping routes and market dynamics.
Seatrade Maritime
CMA CGM, the world's third-largest carrier, acknowledges that ongoing conflicts and disruptions in the Middle East are significantly affecting the container shipping sector, leading to decreased revenues, as reported by Seatrade Maritime.
Splash247
Three contractor personnel were killed when a lifeboat detached and fell into the sea during maintenance work on the Sepat floating storage offloading (FSO) unit, as reported by Splash247. The incident occurred at around 12:50 pm local time on Sunday off the coast of Malaysia.
gCaptain
A supertanker carrying Iraqi crude oil to China has exited the Persian Gulf and crossed into the Arabian Sea, as reported by gCaptain. This movement comes amid ongoing talks regarding the situation.
gCaptain
Activists who were detained by Israel for attempting to bring aid to Gaza claim they experienced abuse during their custody, as reported by gCaptain. The allegations emerged following their release, highlighting tensions surrounding the aid flotilla.
Splash247
Hong Kong-based Teying Shipping is expanding its fleet by signing contracts for up to eight LR2 product and crude tankers at Chinese shipyards, as reported by Splash247. The company has committed to four firm 115,000 dwt vessels, with options for four more.
Splash247
Splash247 reports that US authorities have seized around 227 kg of cocaine, valued at approximately $6.4 million, from a crude oil tanker arriving in Southern California. A Filipino crewmember has been charged in connection with what prosecutors describe as a cartel-linked smuggling operation. The operation was conducted jointly by Homeland Security Investigations and the US Coast Guard.
Splash247
Subsea7 has been awarded a significant contract valued between $150 million and $300 million for the Goliat gas export project in the Norwegian Barents Sea, as reported by Splash247. This marks the first project under a strategic alliance with Vår Energi.
