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Lomar spends over $40m on supramax trio

From splash247.com

UK-based diversified owner Lomar Shipping has expanded its bulk carrier fleet to nine ships with the purchase of three Chinese-built supramaxes. The maritime subsidiary of New York-based Libra Group has officially taken over the recently acquired 57,000 dwt Ariadne, renamed Oslo Trader, after paying around $13m for the 2010-built ship. Lomar said it also expects …
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Tanker "Hijacked" Near Strait of Hormuz

From maritime-executive.com

Iranian forces have intercepted a foreign-flagged tanker near the Strait of Hormuz, according to British maritime security consultancy Ambrey. 

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Houthis Announce Naval Blockade At Israel’s Largest Seaport

From www.marineinsight.com

The announcement followed rising tensions as Israeli Prime Minister Benjamin Netanyahu declared that Israel would take full control of Gaza.

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UK slaps sanctions on British ship finance veteran over shadow fleet deals

From splash247.com

The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. 

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Baltic Index Inches Lower On Weaker Capesize Rates 

From www.hellenicshippingnews.com

Baltic Index Inches Lower On Weaker Capesize Rates.

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Russia Releases Greek-Owned Tanker After Detention In Baltic Waters

From www.marineinsight.com

The vessel had been stopped near Gogland, a heavily militarised island under Russian control, after crossing into Russian territorial waters.

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Houthis warn ships not to call Israel’s Port of Haifa

From www.seatrade-maritime.com

Ships calling Haifa will have their company’s entire fleet sanctioned and subject to attack in the Red Sea, Yemeni group warns.

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EU, Britain Go Ahead With New Russia Sanctions Without Waiting for Trump

From gcaptain.com

The EU and Britain announced new sanctions against Russia on Tuesday without waiting for the United States to join them, a day after President Donald Trump's phone call with Vladimir Putin failed to elicit a promise for a ceasefire in Ukraine.

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MAN Energy Solutions reveals world’s most powerful methanol engine

From splash247.com

Ship engine manufacturer MAN Energy Solutions has developed the world’s most powerful two-stroke methanol engine.

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Malaysia Detains MSC Boxship for Illegally Anchoring Without Permission

From maritime-executive.com

Malaysia Maritime reports an enforcement action that saw an MSC containership detained and its captain and second engineer taken ashore for questioning after the vessel anchored reportedly without permission.

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UK Cracks Down on Russia’s Shadow Fleet with New Sanctions

From gcaptain.com

The UK has unveiled new measures targeting Russia’s shadow fleet operations and oil trade as part of a broader 100-sanction package.

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Manage not only retention but also fluctuation

From splash247.com

Young people are happy to move about a lot and crewing managers and shipowners need to bear this in mind, writes Henrik Jensen, the CEO of Danica Crewing Specialists. 

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MMA Offshore gets PSV work off Australia with Chevron

From splash247.com

Perth-based OSV operator MMA Offshore, a subsidiary of Cyan Renewables, has won a multi-year platform supply vessel contract from Chevron in Australia. 

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Petrobras pens EPCI deal with Subsea 7 worth nearly $1.5bn

From splash247.com

Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn).

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Norway opens bidding for 1.5GW of floating wind

From splash247.com

The Norwegian Ministry of Energy is calling for applications to its tender for three floating offshore wind project areas at Utsira Nord. 

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Denmark sets up offshore wind tender with up to $8.3bn in subsidies

From splash247.com

The Danish government has revealed it would launch a 3GW offshore wind tender this autumn. 

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Container shipping to brace for four-year rough ride

From www.seatrade-maritime.com

Disruption and turmoil are the apparent modus operandi of the Trump administration in the US and that will be the norm for the duration of his tenure, as experts tell the industry to brace for the bumpy ride.

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DP World to develop Syrian port

From www.seatrade-maritime.com

DP World and the Syria's General Authority for Land and Sea Ports have signed a Memorandum of Understanding (MoU) worth $800 million to rebuild Tartus port.

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Port of LA expects pullback in global trade

From www.seatrade-maritime.com

Uncertainty is the watchword from Gene Seroka Executive Director of the US West Coast gateway port as shipment bookings drop 20% on previous year.

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Shipboard Cyberattack Risks are Increasing, U.S. Coast Guard Warns

From maritime-executive.com

The U.S. Coast Guard's cybersecurity report card for the American maritime industry is out for 2024, and the service is happy to report that the sector's security posture is better than it was in 2023.

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Russia’s seaborne fuel oil exports rise in April, data shows

From www.hellenicshippingnews.com

Russia’s seaborne fuel oil and vacuum gasoil exports rose 8.5% in April from the previous month to around 4.0 million metric tons on rising production, trade and shipping data showed. 

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Bartlett set to buy Ceres Global Ag

From www.world-grain.com

Acquisition will bring about 45 million bushels of grain, oilseed storage capacity
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Lallemand to acquire French baking ingredient companies 

From www.world-grain.com

Company discussing deal for AIT Ingredients and Solyve
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Viterra ranks as Argentina’s top ag exporter

From www.world-grain.com

Rosario Grain Exchange list shows 13.55 million tonnes shipped 
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Guyana Passes Landmark Law Making Companies Liable For Oil Spill Damages

From www.marineinsight.com

Lawmakers in support of the bill said that the country’s fast-growing oil industry needs stronger environmental safeguards.

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Princess Cruise Ship Captain Dies Suddenly After Medical Emergency

From maritime-executive.com

The master of a Princess Cruises passed away from a sudden medical issue while under way on a weeks-long cruise, the cruise line has confirmed.

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This topic is curated by Mike O' Gorman

Global Head Of Business Development

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Mike O' Gorman