Engine Fire on Passenger Ship in 2023 Caused by Lube Oil Debris
https://shipandbunker.com/news/am/710767-engine-fire-on-passenger-ship-in-2023-caused-by-lube-oil-debris
https://shipandbunker.com/news/am/710767-engine-fire-on-passenger-ship-in-2023-caused-by-lube-oil-debris
Debris in the lube oil system caused a fire on the Ocean Navigator in 2023.
$4 Million Boost for Shore Power at Port of Hueneme
https://shipandbunker.com/news/am/411853-4-million-boost-for-shore-power-at-port-of-hueneme
https://shipandbunker.com/news/am/411853-4-million-boost-for-shore-power-at-port-of-hueneme
The US port in total has received funding of nearly $16 million for the shore power project.
GOGL – Merger Between CMB.Tech and Golden Ocean
https://www.hellenicshippingnews.com/gogl-merger-between-cmb-tech-and-golden-ocean/
Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) (“Golden Ocean”) and CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (“CMB.TECH”) are pleased to announce that they have signed a term sheet (the “Term Sheet”) for a contemplated stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 ...
https://www.hellenicshippingnews.com/gogl-merger-between-cmb-tech-and-golden-ocean/
Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) (“Golden Ocean”) and CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (“CMB.TECH”) are pleased to announce that they have signed a term sheet (the “Term Sheet”) for a contemplated stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 ...
Multibillion US farm, protein trade face choppy waters over ship fees
https://www.hellenicshippingnews.com/multibillion-us-farm-protein-trade-face-choppy-waters-over-ship-fees/
The New US Trade Representative’s action targeting China’s maritime dominance could pose significant challenges to US agricultural exports, as grains, oilseeds and proteins face steep cost hikes and trade flow shifts, according to industry sources. Announced April 17, Section 301 will impose service fees on Chinese ships from Oct. 14, escalating to $1.5 million per ...
https://www.hellenicshippingnews.com/multibillion-us-farm-protein-trade-face-choppy-waters-over-ship-fees/
The New US Trade Representative’s action targeting China’s maritime dominance could pose significant challenges to US agricultural exports, as grains, oilseeds and proteins face steep cost hikes and trade flow shifts, according to industry sources. Announced April 17, Section 301 will impose service fees on Chinese ships from Oct. 14, escalating to $1.5 million per ...
Sino-US trade war redrawing global LPG trading, outlook
https://www.hellenicshippingnews.com/sino-us-trade-war-redrawing-global-lpg-trading-outlook/
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia. The shakeup is expected to depress the shale gas byproducts’ prices and demand, hurt the ...
https://www.hellenicshippingnews.com/sino-us-trade-war-redrawing-global-lpg-trading-outlook/
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia. The shakeup is expected to depress the shale gas byproducts’ prices and demand, hurt the ...
Global shipping navigates Trump tariffs uncertainty
https://www.hellenicshippingnews.com/global-shipping-navigates-trump-tariffs-uncertainty/
Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted. The global economy ...
https://www.hellenicshippingnews.com/global-shipping-navigates-trump-tariffs-uncertainty/
Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted. The global economy ...
SHIPPING: US Gulf tanker supply could decrease, rates could rise on new USTR port fees
https://www.hellenicshippingnews.com/shipping-us-gulf-tanker-supply-could-decrease-rates-could-rise-on-new-ustr-port-fees/
Newly announced port fees by the US Trade Representative (USTR) are less substantial than the proposal from February, but a shipping analyst expects vessel supply to decrease and rates to climb on certain routes. Theodor Gerrard-Anderson, chemical freight analyst at Lighthouse Chartering, said that most bulk liquid shipowners will not be affected by the USTR’s ...
https://www.hellenicshippingnews.com/shipping-us-gulf-tanker-supply-could-decrease-rates-could-rise-on-new-ustr-port-fees/
Newly announced port fees by the US Trade Representative (USTR) are less substantial than the proposal from February, but a shipping analyst expects vessel supply to decrease and rates to climb on certain routes. Theodor Gerrard-Anderson, chemical freight analyst at Lighthouse Chartering, said that most bulk liquid shipowners will not be affected by the USTR’s ...
Asian importers buy the dip as LNG market sees price corrections
https://www.hellenicshippingnews.com/asian-importers-buy-the-dip-as-lng-market-sees-price-corrections/
The Asian Liquified Natural Gas (LNG) market experienced a decline in prices this week, which spurred opportunistic buying activity from some Asian importers. The lower prices presented an attractive opportunity for these importers to secure LNG cargoes at a more favorable cost, potentially leading to increased imports in the near term. “The drop was driven ...
https://www.hellenicshippingnews.com/asian-importers-buy-the-dip-as-lng-market-sees-price-corrections/
The Asian Liquified Natural Gas (LNG) market experienced a decline in prices this week, which spurred opportunistic buying activity from some Asian importers. The lower prices presented an attractive opportunity for these importers to secure LNG cargoes at a more favorable cost, potentially leading to increased imports in the near term. “The drop was driven ...
China’s coal imports from Russia rise 6% in March, Indonesia slides
https://www.hellenicshippingnews.com/chinas-coal-imports-from-russia-rise-6-in-march-indonesia-slides/
China’s coal imports from Russia rose 6% in March from the same month last year to 7.33 million metric tons, data from the General Administration of Customs showed on Sunday, despite logistical constraints and Western sanctions. Coal imports from China’s largest supplier Indonesia declined 9% to 17.96 million tons, after Indonesia started using its government-set ...
https://www.hellenicshippingnews.com/chinas-coal-imports-from-russia-rise-6-in-march-indonesia-slides/
China’s coal imports from Russia rose 6% in March from the same month last year to 7.33 million metric tons, data from the General Administration of Customs showed on Sunday, despite logistical constraints and Western sanctions. Coal imports from China’s largest supplier Indonesia declined 9% to 17.96 million tons, after Indonesia started using its government-set ...
PSA International Considers Selling 20% Stake in CK Hutchison's Ports Business
https://www.marinelink.com/news/psa-international-considers-selling-stake-524951
Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell.Tycoon Li Ka-shing's CK…
https://www.marinelink.com/news/psa-international-considers-selling-stake-524951
Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell.Tycoon Li Ka-shing's CK…
USTR port fees: Dry bulk gets reprieve, for now
https://www.lloydslist.com/LL1153245/USTR%20port%20fees%20Dry%20bulk%20gets%20reprieve%20for%20now?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
The long-awaited announcement by the US Trade Representative outlining its port fees plan was significantly scaled-back from the original proposal...
https://www.lloydslist.com/LL1153245/USTR%20port%20fees%20Dry%20bulk%20gets%20reprieve%20for%20now?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
The long-awaited announcement by the US Trade Representative outlining its port fees plan was significantly scaled-back from the original proposal...
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Tankers cheaper to insure than a year ago but bulker premiums rise fractionally
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Softening seen as likely in coming period
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Softening seen as likely in coming period
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IMO carbon price not a done deal industry warned
https://www.lloydslist.com/LL1153248/IMO%20carbon%20price%20not%20a%20done%20deal%20industry%20warned?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
The IMO’s new green regulation has drawn fire for its complexity and weak climate targets. But it is seen as...
https://www.lloydslist.com/LL1153248/IMO%20carbon%20price%20not%20a%20done%20deal%20industry%20warned?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
The IMO’s new green regulation has drawn fire for its complexity and weak climate targets. But it is seen as...