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Erasmus keeps China boxship spree rolling

Athens-based Erasmus Shipinvest has returned to CSSC Huangpu Wenchong for another pair of 1,900 teu containerships, taking its firm programme with the Guangzhou-based builder to eight ships. The John Su-led owner signed the latest contract with the yard and China Shipbuilding Trading this week. The two ships are follo…

Splash247 Maritime Торговля
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$90m for near-17-year-old non-eco suezmax

The tanker S&P market continues to deliver eye-catching prices. A sale has raised eyebrows among brokers who report a non-eco suezmax selling for $90m — a price difficult to imagine only weeks ago. The deal involves Greek shipping heavyweight George Procopiou’s Dynacom Tankers, selling the 150,000 dwt Karolos (bui…

Splash247 Maritime Порты и суда
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COSCO completes first supramax-to-boxship conversion

COSCO (Guangdong) Shipyard has completed the first of at least two conversions turning supramax bulk carriers into containerships, according to Alphaliner. The 53,000 dwt Pu Tuo Hai, a 2007-built Diamond 53 bulker, entered the Guangzhou yard on June 10 and emerged a little over three months later as the 2,528 teu Sing…

Splash247 Maritime Порты и суда
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Great Eastern adds newbuild suezmax to fleet renewal drive

India’s Great Eastern Shipping has contracted to acquire a 157,000 dwt newbuilding suezmax, adding a yard-built ship to a fleet renewal drive that has so far been dominated by secondhand transactions. The Mumbai-listed owner disclosed the deal late on Monday, saying the tanker will be constructed by an unnamed leading…

Splash247 Maritime Порты и суда
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India Looks to Boost Exploration as Hormuz Crisis Threatens Supply

India needs to boost domestic oil and gas exploration to enhance its energy security amid supply disruptions that drive energy prices higher, according to a senior official at state-owned exploration and production company Oil India Limited (OIL). “Disruptions to global supply chains and major energy corridors can hav…

OilPrice.com Торговля
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KKB unit bags Shell deal for Malaysian offshore developments

Malaysian fabricator OceanMight has secured an engineering, procurement, and construction contract from Shell for fixed offshore structures linked to several field developments off Malaysia. Parent company KKB Engineering said OceanMight received a letter of award covering the SK408 Teja and Pepulut developments as we…

Splash247 Maritime Средний коридор
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Saudi Arabia Restarts Red Sea Crude Oil Loadings

Saudi Arabia has restarted crude oil loadings at the Yanbu port on the Red Sea after the East-West pipeline resumed partial service, Reuters reported on Tuesday, citing vessel-tracking data and trade sources. Saudi Arabia shut down the East-West onshore pipeline for two weeks following drone attacks that damaged pumpi…

OilPrice.com Порты и суда
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Kribi iron ore corridor lines up demand for 80 capesizes

A potentially significant new capesize tradelane is taking shape in Central Africa, with plans to move as much as 100m tonnes of iron ore a year from landlocked Central African Republic through Cameroon’s deepwater port of Kribi. Drewry estimates that if the proposed CAR-Kribi corridor reaches anything close to its pl…

Splash247 Maritime Порты и суда
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The World Is Entering a New Era of Energy Security

The U.S.–Iran and Russia–Ukraine wars are more than regional or military conflicts. They are exposing weaknesses in the global energy and economic system and demonstrating that energy security can no longer be seen as independent of financial security, transportation, military security, strategic autonomy, and even ti…

OilPrice.com Санкции и риски
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Russia Tightens Secrecy On Energy Exports

Refinery production figures, export contracts and tanker routes are now off-limits to public reporting in Russia, under a decree Putin signed Monday, Reuters reported. The Kremlin points to unfriendly actions by Washington and its allies as the reason, and the restrictions took effect on signing, with the government g…

OilPrice.com Порты и суда
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RCL signs third Huangpu Wenchong boxship series

Thailand’s Regional Container Lines has returned to CSSC Huangpu Wenchong for another four containerships, adding a new 3,100 teu class to its rapidly expanding orderbook at the Guangzhou-based builder. RCL signed for four of Huangpu Wenchong’s in-house Honghu-series ships, taking its programme at the yard to 16 vesse…

Splash247 Maritime Порты и суда
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Marinakis pays up for prompt Exmar suezmax

Evangelos Marinakis-led Capital Group has emerged as the buyer of Exmar’s first suezmax newbuilding in a resale deal reported at more than $106m. Greek shipping and financial sources place Capital behind the 157,000 dwt hull HN5112, currently under construction at South Korea’s DH Shipbuilding for delivery in 2027. Th…

Splash247 Maritime Порты и суда
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Brazil puts container demurrage rules under review

Brazil has opened a formal review of its container demurrage rules, putting one of the country’s more contentious liner charging issues back on the regulatory agenda. Waterway regulator ANTAQ has launched a public call for evidence covering container demurrage under Resolution 62/2021. The exercise is based on a preli…

Splash247 Maritime Аналитика
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Middle East Oil Exports Rebound to 12.8 Million Bpd

Crude oil exports from the Middle East have risen to 12.8 million barrels daily this month, preliminary data from Kpler cited by Reuters has suggested. The rebound was led by Saudi Arabia, which redirected oil flows from the west to the east, where it loads the crude on tankers in the Gulf of Oman via ship-to-ship tra…

OilPrice.com Порты и суда
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Aramco Restores East-West Pipeline as War Risk Closes In on Yanbu

Saudi Aramco has restarted its East-West pipeline (Petroline) less than two weeks after attacks knocked out the 7 million bpd system, restoring at least some of the route that has carried the bulk of Saudi crude around the Strait of Hormuz since the war began. Pumping has resumed at reduced rates, with Aramco reported…

OilPrice.com Порты и суда
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WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch

November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against the risk that shipping conditions have not normalized. The contract fell to $88.67 Tuesday after reports that Iran could reopen the Strait within seven days, then recovered to $96.78 Thursday as the diplomatic st…

OilPrice.com Порты и суда
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Rio Tinto offloads final newcastlemax pair to Yasa

Rio Tinto has offloaded the final two ships from its eight-strong owned newcastlemax fleet, with Turkey’s Yasa Shipping taking the 2013-built RTM Drake and RTM Tasman. Yasa’s own fleet records now list the ships as the 205,437 dwt Yasa Drake and 205,432 dwt Yasa Pioneer, respectively. Both were built by Hanjin Heavy I…

Splash247 Maritime Порты и суда
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Hormuz Tanker Transits Crash to Single Digits as Crisis Deepens

Only nine commodity carriers passed through the Strait of Hormuz on Thursday, eight of them exiting the waterway, Reuters reported in its now regular update on tanker numbers in the strait. The Thursday total is a further decline on already depressed numbers that have now gone from double to single digits, with the 10…

OilPrice.com Железные дороги
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VLCC Rates Hit Record $1.27 Million a Day as Oman Transfer Capacity Maxes Out

Capacity for ship-to-ship transfers of crude oil off the coast of Oman has reached its limits after Saudi Arabia diverted its flows from the port of Yanbu amid Houthi attacks, Reuters has reported, citing unnamed trading sources and analysts. The report said Saudi Arabia has sold some 60 million barrels of crude, to b…

OilPrice.com Железные дороги
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Offen plots boxship ordering comeback at GSI

Germany’s Offen Group is looking to return to containership newbuildings after more than a decade away, with the Hamburg tonnage provider linked to up to four ships at China’s Guangzhou Shipyard International. Shipbroking and market sources have Offen in discussions with the CSSC-controlled yard for two firm plus two …

Splash247 Maritime Порты и суда
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Global green shipping corridor alliance launches in Beijing

A new international body has been launched in Beijing to coordinate the development of green shipping corridors and accelerate cooperation across shipping, ports, fuels and regulation. The International Green Shipping Corridor Alliance was inaugurated during the 2026 Global Sustainable Transport Forum and brings toget…

Splash247 Maritime Средний коридор
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Rosetti Marino secures Danish North Sea platform project

Italian fabricator and shipyard Rosetti Marino has been awarded a new contract for offshore operations in the North Sea, valued at between €250m and €300 million by Ineos. The project involves an EPC contract to build a platform for the Hejre development project off the coast of Denmark. Rosetti Marino's scope of work…

Splash247 Maritime Средний коридор
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Soaring Freight Costs Make Japan’s Crude Imports the World’s Most Expensive

Oil is increasingly getting more expensive before it even reaches a refinery. Freight now accounts for roughly a fifth of the cost of a crude cargo, turning the tanker market into a major driver of the price buyers pay. At the center of the squeeze is the very large crude carrier, or VLCC, the supertanker that can mov…

OilPrice.com Порты и суда
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Saudi Oil Export Costs Surge as Red Sea Risks Mount

Saudi Arabia’s workaround for the Strait of Hormuz now carries a war-risk insurance bill nearly as expensive as sending tankers through Hormuz itself. Quoted premiums for Saudi-linked tankers calling at the Red Sea port of Yanbu have tripled to around 3% of a vessel’s value from less than 1% in early July, according t…

OilPrice.com Порты и суда
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Russia Begins Oil Exports From Its Giant Vostok Arctic Project

Russia has begun commercial crude exports from Rosneft’s Vostok Oil project, putting barrels on the water from its new Arctic terminal after years of sanctions, investor exits, and construction delays. Three ice-class tankers loaded about 250,000 metric tons of crude from the Bukhta Sever terminal on the Taimyr Penins…

OilPrice.com Порты и суда
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Saudi Arabia Sells 100 Million Barrels of Crude to Asia via Hormuz

Saudi Arabia has sold almost 100 million barrels of crude to Asian buyers via the Strait of Hormuz since the middle of last week, when it pivoted to the chokepoint it wanted to avoid with the East-West pipeline to the Red Sea. With the pipeline out of service, the Kingdom has sold 100 million barrels of crude, which i…

OilPrice.com Торговля
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U.S. to Back Argentina’s First LNG Export Project With $6 Billion Loan

The U.S. government is ready to support Argentina’s key LNG project by lending up to $6 billion to the project led by Argentina’s energy group YPF in partnership with Italy’s Eni and Emirati energy firm XRG. As part of a newly launched Andes-Atlantic Corridor, a joint U.S-Argentinian initiative to strengthen and moder…

OilPrice.com Железные дороги
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Brent Holds Above $102 as Iran Talks Stall Over Hormuz Conditions

Crude oil prices took a dip today amid reports that there was willingness for peace in the Middle East on both sides of the conflict. The dip partially offset gains made earlier in the week, keeping oil benchmarks elevated. At the time of writing, Brent crude was trading at $102.20 per barrel, and West Texas Intermedi…

OilPrice.com Санкции и риски
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Subsea 7 picked for Turkish FPU installation

Offshore engineering and services player Subsea 7 has received an extension for work on the Sakarya Phase 3 Black Sea gas development offshore Turkey from Turkish Petroleum Offshore Technology Centre (TP-OTC). The additional scope covers towing and mooring line installation and connection activities related to the com…

Splash247 Maritime Торговля
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Shubpreet Singh takes over at V.Ships

V.Group has appointed Shubpreet Singh as chief executive of V.Ships, promoting from within as the shipmanagement giant reshuffles its senior leadership. Singh, a master mariner, has most recently been leading the execution of V.Ships’ strategy after previously heading the group’s Northern Europe and Americas business.…

Splash247 Maritime Средний коридор