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Tourist Vessel Capsizes in Ha Long Bay, Killing at Least 35 People

From maritime-executive.com

Dozens of passengers have died in the capsizing of a passenger vessel in Ha Long Bay, an area east of Haiphong which is world-famous for its towering islands.

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Baltic Index Posts Biggest Weekly Gain In Four Months On Capesize Increase 

From www.hellenicshippingnews.com

Baltic Index Posts Biggest Weekly Gain In Four Months On Capesize Increase.

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Ferry Fire Kills At Least Three off Sulawesi

From maritime-executive.com

On Sunday, a major fire broke out aboard a ferry off the coast of Sulawesi, forcing the passengers and crew to abandon ship into the water. 

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EU Adopts New Sanctions That Lower Oil Price Cap and Hit Shadow Tankers

From maritime-executive.com

The European Union approved its 18th package of sanctions against Russia related to the war in Ukraine, expanding its targeting of the energy, banking, and military sectors. 

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Puntland Forces Intercept Freighter Full of Turkish Weaponry

From maritime-executive.com

On Friday, Somalia’s northern state of Puntland reportedly intercepted the general cargo ship Sea World while it was en route to the Port of Mogadishu.

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DP World secures 30-year concession to revamp Port of Tartus in Syria

From www.ship-technology.com

DP World has formalised a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports aimed at the development and operation of the Port of Tartus.

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Spanish Police Stop Ship as Drug Cartel Attempts to Steal Cocaine Shipment

From maritime-executive.com

Spain’s Guardia Civil is working to sort out the details of one of its more unusual cocaine busts. 

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Matson Suspends Shipping EVs Citing Hazards of Lithium-ion Batteries

From maritime-executive.com

Matson surprised customers this week with an announcement that, effective immediately, it would suspend transporting battery-powered electric or plug-in hybrid electric vehicles due to the hazardous material classification of their lithium-ion batteries. 

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Geodis harnessing AI for freight route optimisation

From www.seatrade-maritime.com

We are now used to route optimisation for ships, but route optimisation for cargo is a novel use of AI technology that helps Geodis’ customers develop sustainable freight routes.

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Maersk launches new Caribbean – North Europe service

From www.seatrade-maritime.com

Maersk is launching of a new service connecting the Caribbean with Northern Europe – CAX- to strengthen its maritime network in Latin America.

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EU and UK sanction UAE-based operator of the Gabon and Comoros flags

From splash247.com

The European Union and the United Kingdom have sanctioned Intershipping Services, a UAE-based company that operates the flag registries of Gabon and Comoros, both of which have played a central role in supporting the opaque tanker network transporting sanctioned Russian crude. 

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MSC’s boxship binge rolls on with 10 more giants ordered across China

From splash247.com

Mediterranean Shipping Company (MSC) has once again underlined its seemingly insatiable appetite for new tonnage, declaring and placing orders for a further 10 ultra-large container vessels, its orderbook now larger than the extant fleet of Ocean Network Express (ONE), the world’s sixth largest liner. 

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Boxships detained in Malta for three years freed after Russia sanctions link severed

From splash247.com

Two containerships detained in Malta since 2022 over links to sanctioned Russian entities have finally been cleared for release. 

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Eastern Pacific signs for suezmaxes at Hengli Heavy

From splash247.com

Eastern Pacific Shipping has signed a deal with China’s Hengli Heavy Industry for up to four suezmax tankers. 

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Tsuneishi streamlines with domestic shipyard merger

From splash247.com

Japan’s Tsuneishi Shipbuilding is consolidating two of its domestic subsidiaries in a bid to sharpen its competitive edge in the small and medium-sized vessel sector. 

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Cadeler locks in $245m charter for newest turbine installation unit

From splash247.com

enmark-based offshore wind vessel player Cadeler has taken early delivery of the newbuild jackup vessel and secured the units’ first long-term contract — a €210m ($245m) deal with turbine maker Vestas. 

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Vard books contract for two hybrid CSOVs

From splash247.com

Norwegian shipbuilder Vard has secured a contract to design and build two commissioning service operation vessels (CSOVs) for an unnamed international customer. 

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Chevron Wins Exxon Case But Loses Time, Oil And Billions

From gcaptain.com

Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over.

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Iraq Set for Key Oil Cargo Surge in Sign of Increased Output

From gcaptain.com

Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.

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Kansas wheat harvest nearly in the books

From www.world-grain.com

Rain delays slowed collection, lowered test weights
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Grant nurtures sustainable rice production in Africa 

From www.world-grain.com

African Development Fund supports producers, processors in 13 countries
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US groups applaud nomination of USTR ag negotiator 

From www.world-grain.com

Callahan has 20 years of experience in international issues, trade
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Test of Onboard Carbon Capture on HMM Feeder Proves System Feasibility

From maritime-executive.com

A year of testing has proven the effectiveness and commercialization potential of onboard carbon capture and storage systems (OCCS), reports Samsung Heavy Industries. 

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Chevron Completes Hess Acquisition, Including Offshore Guyana Stake

From maritime-executive.com

Despite objections from ExxonMobil, Chevron has completed its planned acquisition of privately-held rival Hess, including a 30% stake in Exxon's lucrative Stabroek Block developments off Guyana. 

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China’s refined oil exports dip 0.6% in June but hit 12-month high 

From www.hellenicshippingnews.com

China’s refined oil exports dip 0.6% in June but hit 12-month high.

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