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News
US Coast Guard commissions 63rd Sentinel-class cutter
17+ hour, 21+ min ago (212+ words) The US Coast Guard commissioned its 63rd Sentinel-class fast response cutter (FRC) in a ceremony in New York City on Saturday, September 12. USCGC Jeffrey Palazzo honours Machinery Technician 1st Class Jeffrey Palazzo, a New York City firefighter and US Coast Guard reservist…...
K Line christens new dual-fuel LNG carrier
3+ day, 19+ hour ago (161+ words) Kawasaki Kisen Kaisha (K Line) formally named a new LNG carrier during a ceremony in South Korea on Wednesday, September 9. Toho Emerald is owned by T.K. LNG Shipping, a joint venture formed by K Line and Toho Gas' wholly owned subsidiary…...
No marine fuel crunch at major hubs despite Hormuz disruption, but refuelling costs climb
4+ day, 7+ hour ago (368+ words) A squeeze in marine fuel supply at major shipping hubs has eased despite the Iran war curtailing exports out of the Strait of Hormuz, with the market working around earlier supply shocks, industry sources told the APPEC industry meet on…...
Larger vessels drag Baltic dry bulk index down
4+ day, 24+ min ago (139+ words) The Baltic Exchange's dry bulk freight index fell on Thursday, hurt by weaker rates across larger segments. The main Baltic index fell 99 points, or 2.7 per cent, to 3,521. The Capesize index was down 278 points, or 4.3 per cent, at 6,122. Average daily earnings…...
OPINION | Asian crude industry sees no quick end to Persian Gulf supply crisis
4+ day, 7+ hour ago (813+ words) Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption…...
Just seven vessels logged crossing Strait of Hormuz
4+ day, 7+ hour ago (181+ words) Vessel transits at the Strait of Hormuz fell slightly on Wednesday to seven, compared with the previous day's 12, preliminary shiptracking data showed on Thursday, with levels also lower than the 10-day average of 14. Out of these seven, four vessels exited…...
New Russian inland buoy tender enters service
4+ day, 14+ hour ago (181+ words) The Russian Federal Agency for Maritime and River Transportation (Rosmorrechflot) has commenced operations of a newly delivered buoy tender. Like her sisters under Project 3050.1A, Leonid Komarov (Леонид Комаров) was built by Kingisepp Machine-Building Plant of Saint Petersburg. Design work was…...
Arctic containership voyage from China reaches Britain
4+ day, 23+ hour ago (177+ words) A container ship arrived in Britain on Wednesday after a landmark voyage from China via the Arctic, as part of plans for more vessels to use the route as a shorter and potentially safer alternative to the Suez Canal. The…...
Al Seer Marine capitalises on higher ship valuations by selling VLCC
5+ day, 8+ hour ago (155+ words) Abu Dhabi-based Al Seer Marine has completed the sale and delivery of the very large crude carrier Twin Pollux. The sale forms part of the fleet management strategy of the company as it seeks to release capital from existing assets…...
Russian yard launches new freezer longliner built for North Atlantic fishing trips
5+ day, 9+ hour ago (222+ words) Russian state-owned shipbuilder Severnaya Verf has launched a new freezer longliner ordered by local fishing company Virma. Gandvik-3 (Гандвик-3) belongs to the Project MT1112XL series of freezer longliners designed by Norwegian naval architecture firm Marin Teknikk. Gandvik-1 (Гандвик-1), the first example…...