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On Tuesday, after declaring a ceasefire agreement between Israel and Iran, U.S. President Donald Trump gave what many viewed as a green light for China to continue purchasing U.S.-sanctioned Iranian oil.
Zodiac Maritime, managers of the car carrier Morning Midas, reports that it received information from the salvage team that the fire-damaged vessel sank in international waters.
The Israel and Iran fragile truce is fraught with complications leaving the closure of the Strait of Hormuz a real fear for the supply chain.
Baltic Dry Bulk Index Snaps 5-Session Losing Streak On Panamax Strength.
Ships anchored off Ras Isa have been advised to carefully evaluate all legal and safety risks before transferring oil or related cargo.
China exported 590 ships in May, a year-on-year increase of 6.7%, with the export value reaching RMB30 billion ($4.2 billion), grew18.9% year-on-year, according to data from China’s General Administration of Customs.
From splash247.com
Louis Sola will step down next week as chairman of the Federal Maritime Commission (FMC) after a seven-year stint at America’s shipping regulator.
Chile-headquartered SAAM Terminals was acquired by Hapag-Lloyd in August 2023 and was put under management of its Rotterdam-based terminals division created in June that year.
From splash247.com
A fire broke out aboard an oil tanker undergoing repairs at a shipyard in Batam on Monday, killing four workers and injuring five others.
From splash247.com
Mediterranean Shipping Co (MSC), the world’s largest container line, has single-handedly catapulted West Africa into Alphaliner’s list of the 10 trading routes with the biggest ships.
From splash247.com
Spanish electric utility company Iberdrola has named Pedro Azagra as the group’s new chief executive officer.
The end of hostilities between Iran and Israel appears to be good news for U.S. Indo-Pacific Command.
From splash247.com
Daehan Shipbuilding, a mid-sized shipbuilder specialising in suezmax and aframax tankers, will list on South Korea’s KOSPI stock exchange later this year.
From splash247.com
Egypt’s National Navigation Company (NNC) is continuing its fleet expansion with a fresh order for two additional kamsarmax bulk carriers.
From splash247.com
The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) has granted the first preliminary license for an offshore wind energy project in Brazil.
On Sunday, a ferry with more than 70 passengers aboard went aground just off its pier near Gilimanuk, Bali, prompting a mass evacuation.
Norway and France completed an agreement paving the way for transporting CO2 from French industrial emission sources to Norway for storage beneath the North Sea.
Indian maritime stakeholders are sounding the alarm about a national maritime policy that would force the retirement of aging ships, warning that it would cost thousands of jobs and would hand over more coastwise trade to foreign vessels.
LNG Canada confirmed that it produced its first LNG last weekend and remains on track to begin export shipments in the coming days or weeks.
India’s Directorate General of Shipping reports that efforts to remove the fuel from the wreck of the MSC Elsa 3 are being delayed due to peak monsoon conditions and a change in salvage teams.
From www.linkedin.com
VLCC and LR2 spot rates from the Middle East are up 150% in the past week. VLGC rates in the Middle East are also hitting new highs.
Oil prices have fallen to $70 per barrel following Iran's missile strike against the US, signaling a potential de-escalation in Middle Eastern tensions while risks to global energy supplies persist.
From www.world-grain.com
Burns Harbor facility on Lake Michigan exports grain from US Midwest
From www.world-grain.com
Has over 30 years of experience with COFCO Group
