1. Two tankers on fire after collision
Hafnia Nile carrying highly flammable naphtha cargo – data
Ceres I has shipped Iranian oil despite sanctions – sources
2. Chart of the Week: Dirty & Clean Tonne Days. This week’s chart underscores the decline in the growth of crude oil shipments to China from all origin countries during the second quarter of the year, with the monthly quantity in June recording an 8% drop compared to the same month in the previous year (left chart). This decline reflects a broader trend influenced by various factors including economic slowdowns, changes in demand, and strategic stockpiling.
https://cyprusshippingnews.com/2024/07/22/chart-of-the-week-dirty-clean-tonne-days/
4. Dry bulk newbuild contracting fell 34.2%, despite a strong market. During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still increased 11.7% y/y. Other factors, such as limited shipyard availability and uncertainty on fuels and demand outlook could be contributing to this hesitation.
https://cyprusshippingnews.com/2024/07/22/dry-bulk-newbuild-contracting-fell-34-2-despite-a-strong-market/
6. Norden buys Norlat Shipping. Danish owner and operator Norden has sealed a deal to acquire Norwegian dry bulk operator Norlat Shipping.Founded in 1986, privately owned Norlat specialises in the shipment of forest products and other bulk commodities on trade routes from Northern Europe to North Africa and North America.
https://splash247.com/norden-buys-norlat-shipping/
7. Nissen Kaiun signs for very large ammonia carriers in China. Nissen Kaiun has been tied to an order of very large ammonia carriers in China.Brokers reported Japanese shipping mammoth had contracted four 88,000 cu m newbuilds at Yangzi-Mitsui Shipbuilding (Yamic) a joint venture yard between China’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S Shipbuilding.
https://splash247.com/nissen-kaiun-signs-for-very-large-ammonia-carriers-in-china/
8. Israel and Houthis trade blows as Red Sea shipping crisis enters new phase The nine-month long Red Sea shipping crisis entered a new, more dangerous phase over the weekend with Israel and the Houthis now in direct confrontation, carrying out long-range attacks on each other, and lending credence to the claims by the Houthis that they have the capacity to attack targets in the Mediterranean.
https://splash247.com/israel-and-houthis-trade-blows-as-red-sea-shipping-crisis-enters-new-phase/