1. 300,000 extra teu added to record liner orderbook Hot on the heels of X-Press Feeders’ order for four methanol-ready containerships at Shanghai Waigaoqiao Shipbuilding, other owners are returning to China for more newbuild tonnage as rates continue to rise to the next highest level seen outside container shipping’s boom during the covid pandemic.
https://splash247.com/boxship-orders-lining-up-in-china/
https://splash247.com/boxship-orders-lining-up-in-china/
2. What happens when the Houthis stop shooting Well, isn’t life just wonderful! We have, for most practical purposes, one of our forebears’ favourite things, a Suez Canal closure! Just when the freight markets “ought” to be heading downwards, we are having a splendid time, because this closure has now gone on for long enough for our very favourite thing, port congestion, to kick in along with lots of out of position boxes, for those of us in the box business, nicely in time for our industry’s favourite party.
https://splash247.com/what-happens-when-the-houthis-stop-shooting/
https://splash247.com/what-happens-when-the-houthis-stop-shooting/
3. Economou takes Seanergy battle to the next level as he pushes for board shakeup Things are heating up again between Greek capesize specialist Seanergy Maritime and fellow shipping magnate George Economou.
Just as his pursuit for board seats at bulker players Genco and OceanPal had ended, Economou came out with two nominees to the Seanergy board, the latest of moves on the Stamatis Tsantanis-led company.
https://splash247.com/economou-takes-seanergy-battle-to-the-next-level-as-he-pushes-for-board-shakeup/
https://splash247.com/economou-takes-seanergy-battle-to-the-next-level-as-he-pushes-for-board-shakeup/
4. Maersk debuts the FFF The company that brought world shipping the EEE containership has now debuted the FFF. Maersk is replacing its existing bunker fuel surcharges – bunker adjustment factor (BAF) and low sulphur surcharge (LSS) – with a new combined fossil fuel fee (FFF) effective from July 1.
https://splash247.com/maersk-debuts-the-fff/
https://splash247.com/maersk-debuts-the-fff/
5. Egypt and Brazil look to enter the ship recycling sector New final destinations for ships are opening up with both Egypt and Brazil looking to get into the ship recycling sector. Egypt’s transport ministry has signed a memorandum of understanding with El Wehda Industrial Company to develop a shipbreaking yard at Damietta Port as part of the government’s bid to be less reliant on imported scrap metal.
https://splash247.com/egypt-and-brazil-look-to-enter-the-ship-recycling-sector/
https://splash247.com/egypt-and-brazil-look-to-enter-the-ship-recycling-sector/
6. S.Korea’s Yoon Says Vast Amount Of Oil, Gas Reserve Possible Off East Coast South Korean President Yoon Suk Yeol said on Monday the possibility of a vast amount of oil and gas reserve in the sea off the country’s east coast has been reported and it will launch an exploration to determine the potential.
The possibility of the reserves containing as much as 14 billion barrels of oil and gas are “very high,” Yoon told a news conference citing a study that he said has been reviewed by experts and industry groups.
https://gcaptain.com/s-koreas-yoon-says-vast-amount-of-oil-gas-reserve-possible-off-east-coast/
https://gcaptain.com/s-koreas-yoon-says-vast-amount-of-oil-gas-reserve-possible-off-east-coast/
7. Japan Whaler Operator Says It Has No Plan To Hunt In Antarctic The operator of Japan’s first domestically-built whaling mothership in more than seven decades said on Thursday it had no plans to send the whaler to the Antarctic Ocean, although the new vessel is capable of reaching the region.
https://gcaptain.com/japan-whaler-operator-says-it-has-no-plan-to-hunt-in-antarctic/
https://gcaptain.com/japan-whaler-operator-says-it-has-no-plan-to-hunt-in-antarctic/
8. Conflicting US-China Defense Strategies Dominate Singapore Forum Global defense leaders descending on Singapore this weekend confronted conflicting visions of the region: the US touted expanding military exercises and partnerships across the Indo-Pacific, while China criticized “outside forces” for interfering with peace and stability.
https://gcaptain.com/conflicting-us-china-defense-strategies-dominate-singapore-forum/
https://gcaptain.com/conflicting-us-china-defense-strategies-dominate-singapore-forum/
9. Visakhapatnam Port Authority handles record cargo in May 2024
The accomplishments reflect our commitment to excellence and operational efficiency. We aim to continue setting new benchmarks in the maritime industry, says Chairman Madhaiyaan Angamuthu Visakhapatnam Port Authority (VPA) registered 85,81,927 metric tonnes of cargo from 221 vessels in May 2024. The new volume surpassed the previous record of 76,22,732 metric tonnes from 201 vessels in March this year.
https://www.shippingtribune.com/news/shipping/Visakhapatnam+Port+Authority+handles+record+cargo+in+May+2024
https://www.shippingtribune.com/news/shipping/Visakhapatnam+Port+Authority+handles+record+cargo+in+May+2024
10. Panama prepares to evacuate first island in face of rising sea levels
About 300 families have been forced to leave Gardi Sugdub, a small island off north Panama: “We’re going to leave behind the homes we’ve known all our lives.” On a tiny island off Panama’s Caribbean coast, about 300 families are packing their belongings in preparation for a dramatic change. Generations of Gunas who have grown up on Gardi Sugdub in a life dedicated to the sea and tourism will trade that next week for the mainland’s solid ground.
https://www.shippingtribune.com/news/shipping/Panama+prepares+to+evacuate+first+island+in+face+of+rising+sea+levels
https://www.shippingtribune.com/news/shipping/Panama+prepares+to+evacuate+first+island+in+face+of+rising+sea+levels
