WTI weakens as Gunvor sells
https://www.hellenicshippingnews.com/wti-weakens-as-gunvor-sells/
U.S. WTI Midland crude differentials weakened on Friday as Gunvor sold below Thursday’s levels while Trafigura, a big buyer in recent sessions, did not buy more cargoes. PLATTS WINDOW Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). WTI Midland: Unipec bought from Gunvor May ...
https://www.hellenicshippingnews.com/wti-weakens-as-gunvor-sells/
U.S. WTI Midland crude differentials weakened on Friday as Gunvor sold below Thursday’s levels while Trafigura, a big buyer in recent sessions, did not buy more cargoes. PLATTS WINDOW Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). WTI Midland: Unipec bought from Gunvor May ...
Urals diffs stable in quiet trade
https://www.hellenicshippingnews.com/urals-diffs-stable-in-quiet-trade/
Russian Urals crude oil differentials to dated Brent were little changed on Friday in quiet trade, market sources said. Oil prices edged higher on Friday but were set for a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Several OPEC+ members have suggested the ...
https://www.hellenicshippingnews.com/urals-diffs-stable-in-quiet-trade/
Russian Urals crude oil differentials to dated Brent were little changed on Friday in quiet trade, market sources said. Oil prices edged higher on Friday but were set for a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Several OPEC+ members have suggested the ...
Coastal grades strengthen, Midland weakens on final roll day
https://www.hellenicshippingnews.com/coastal-grades-strengthen-midland-weakens-on-final-roll-day/
U.S. coastal crude grades strengthened on Friday, dealers said, on the third and final day of the “roll” trade, a period in which the market becomes more volatile as traders square their positions. The three-day roll trade begins after the front-month U.S. crude futures contract expires. Light Louisiana Sweet (WTC-LLS) for May delivery strengthened 10 ...
https://www.hellenicshippingnews.com/coastal-grades-strengthen-midland-weakens-on-final-roll-day/
U.S. coastal crude grades strengthened on Friday, dealers said, on the third and final day of the “roll” trade, a period in which the market becomes more volatile as traders square their positions. The three-day roll trade begins after the front-month U.S. crude futures contract expires. Light Louisiana Sweet (WTC-LLS) for May delivery strengthened 10 ...
US drillers add oil and gas rigs for second week in a row, Baker Hughes says
https://www.hellenicshippingnews.com/us-drillers-add-oil-and-gas-rigs-for-second-week-in-a-row-baker-hughes-says-2/
U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since February, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two to 587 in ...
https://www.hellenicshippingnews.com/us-drillers-add-oil-and-gas-rigs-for-second-week-in-a-row-baker-hughes-says-2/
U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since February, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two to 587 in ...
Death Toll from Blast at Iranian Port Rises to 40
https://www.marinelink.com/news/death-toll-blast-iranian-port-rises-525071
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port…
https://www.marinelink.com/news/death-toll-blast-iranian-port-rises-525071
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port…
China Watching CK Hutchison Ports Deal Closely
https://www.marinelink.com/news/china-watching-ck-hutchison-ports-deal-525072
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its port operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.The sale by the Hong Kong conglomerate…
https://www.marinelink.com/news/china-watching-ck-hutchison-ports-deal-525072
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its port operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.The sale by the Hong Kong conglomerate…
North Korea Unveils Multi-Purpose Destroyer
https://www.marinelink.com/news/north-korea-unveils-multipurpose-525074
North Korean leader Kim Jong Un attended a ceremony for the launch of a "new multi-purpose destroyer", state media KCNA reported on Saturday.The 5,000-tonne warship was equipped with the "most powerful weapons" and built "within 400-odd days perfectly with our own strength and technology"…
https://www.marinelink.com/news/north-korea-unveils-multipurpose-525074
North Korean leader Kim Jong Un attended a ceremony for the launch of a "new multi-purpose destroyer", state media KCNA reported on Saturday.The 5,000-tonne warship was equipped with the "most powerful weapons" and built "within 400-odd days perfectly with our own strength and technology"…
KERSHIP Begins Construction of OPV for Montenegrin Navy
https://www.marinelink.com/news/kership-begins-construction-opv-525075
KERSHIP has launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard in France.The vessels will be named Petar I and Petar II in respect for the sovereign of Montenegro.The OPV 60M…
https://www.marinelink.com/news/kership-begins-construction-opv-525075
KERSHIP has launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard in France.The vessels will be named Petar I and Petar II in respect for the sovereign of Montenegro.The OPV 60M…
Late redelivery and lost opportunities
https://www.hellenicshippingnews.com/late-redelivery-and-lost-opportunities/
The English Commercial Court has provided helpful clarity on the extent of damages available to a claimant shipowner for the late redelivery of a vessel under a time charter where there is evidence that the owner of the vessel would have been unable to enter into a subsequent charter for the vessel. In such circumstances, ...
https://www.hellenicshippingnews.com/late-redelivery-and-lost-opportunities/
The English Commercial Court has provided helpful clarity on the extent of damages available to a claimant shipowner for the late redelivery of a vessel under a time charter where there is evidence that the owner of the vessel would have been unable to enter into a subsequent charter for the vessel. In such circumstances, ...
Sea Consortium orders boxship pair at Hyundai Mipo
https://splash247.com/sea-consortium-orders-boxship-pair-at-hyundai-mipo/
A ship order with a very early delivery date from Sea Consortium, the parent of X-Press Feeders, has been revealed. Clarksons Research is reporting Sea Consortium has ordered a pair of 2,800 teu boxships at Hyundai Mipo in South Korea with delivery due in March and May 2027. The ships are costing $56m each. Most …
https://splash247.com/sea-consortium-orders-boxship-pair-at-hyundai-mipo/
A ship order with a very early delivery date from Sea Consortium, the parent of X-Press Feeders, has been revealed. Clarksons Research is reporting Sea Consortium has ordered a pair of 2,800 teu boxships at Hyundai Mipo in South Korea with delivery due in March and May 2027. The ships are costing $56m each. Most …
CMA CGM strengthens position in Turkey with $440m logistics acquisition
https://splash247.com/cma-cgm-strengthens-position-in-turkey-with-440m-logistics-acquisition/
CEVA Logistics, a subsidiary of French liner CMA CGM, is buying Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi, a Turkish outfit, for $440,. The deal, which includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals. Mathieu Friedberg, the CEO of CEVA Logistics, …
https://splash247.com/cma-cgm-strengthens-position-in-turkey-with-440m-logistics-acquisition/
CEVA Logistics, a subsidiary of French liner CMA CGM, is buying Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi, a Turkish outfit, for $440,. The deal, which includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals. Mathieu Friedberg, the CEO of CEVA Logistics, …
Oman’s Asyad Shipping sets new VLCC pricing benchmark with $205m double swoop
https://splash247.com/omans-asyad-shipping-sets-new-vlcc-pricing-benchmark-with-205m-double-swoop/
Cash-rich Asyad Shipping, formerly known as Oman Shipping Co, has completed a deal for a pair of VLCCs, the first modern supertankers to change hands for 11 months. Brokers link Asyad Shipping to the acquisition of the 2020-built sisterships, Landbridge Wisdom and Landbridge Glory. The ships were built at Dalian Shipbuilding and have gone for …
https://splash247.com/omans-asyad-shipping-sets-new-vlcc-pricing-benchmark-with-205m-double-swoop/
Cash-rich Asyad Shipping, formerly known as Oman Shipping Co, has completed a deal for a pair of VLCCs, the first modern supertankers to change hands for 11 months. Brokers link Asyad Shipping to the acquisition of the 2020-built sisterships, Landbridge Wisdom and Landbridge Glory. The ships were built at Dalian Shipbuilding and have gone for …
Second edition of Geneva Dry opens today
https://splash247.com/second-edition-of-geneva-dry-opens-today/
The second edition of Geneva Dry, the world’s premier commodities shipping conference, opens today with a record attendance and delegates keen to hear what’s in store for the global trade outlook in the coming 12 months following a turbulent start to 2025. With 819 registered delegates, organisers had to turn away more than 100 requests …
https://splash247.com/second-edition-of-geneva-dry-opens-today/
The second edition of Geneva Dry, the world’s premier commodities shipping conference, opens today with a record attendance and delegates keen to hear what’s in store for the global trade outlook in the coming 12 months following a turbulent start to 2025. With 819 registered delegates, organisers had to turn away more than 100 requests …
Victrol Adds New MFM-Equipped Barge to Boost ARA Operations
https://shipandbunker.com/news/emea/178571-victrol-adds-new-mfm-equipped-barge-to-boost-ara-operations
https://shipandbunker.com/news/emea/178571-victrol-adds-new-mfm-equipped-barge-to-boost-ara-operations
Singapore's PIL Takes Delivery of Fifth LNG-Fuelled Boxship
https://shipandbunker.com/news/apac/708075-singapores-pil-takes-delivery-of-fifth-lng-fuelled-boxship
https://shipandbunker.com/news/apac/708075-singapores-pil-takes-delivery-of-fifth-lng-fuelled-boxship
Pacific International Lines (PIL) has 13 LNG-dual fuel vessels on order for delivery over the next few years.
BUNKER PRICES: G20-VLSFO Index Rallies With Crude
https://shipandbunker.com/news/world/784761-bunker-prices-g20-vlsfo-index-rallies-with-crude
https://shipandbunker.com/news/world/784761-bunker-prices-g20-vlsfo-index-rallies-with-crude
Ship & Bunker's G20-VLSFO Index gained $0.50/mt to $526.50/mt on Friday, having reached its lowest level since April 21 the previous day.
Holland Shipyards Launches Wind-Assisted Ships for Shortsea Market
https://shipandbunker.com/news/emea/867089-holland-shipyards-launches-wind-assisted-ships-for-shortsea-market
https://shipandbunker.com/news/emea/867089-holland-shipyards-launches-wind-assisted-ships-for-shortsea-market