1. Pelagic Partners: How to invest in today’s volatile shipping markets. Fund managers generally see shipping as a niche market and a small investment opportunity, which for Niels Hartmann, the chief executive officer and board member of the Hartmann Group and founding member of owner and shipping fund manager Pelagic Partners, is a distant and commercially blind position to take.
https://splash247.com/pelagic-partners-how-to-invest-in-todays-volatile-shipping-markets/
https://splash247.com/pelagic-partners-how-to-invest-in-todays-volatile-shipping-markets/
2. S&P markets offering asset players ‘mouth-watering’ returns. This year could mark another record period for ships changing hands with owners willing to fork out immense sums for secondhand tonnage. Dry bulk carrier sales in the first seven months stood at 37m dwt, closing on the record set in 2021 when 60.9m dwt was sold for the full year according to data from Clarksons Research.
https://splash247.com/sp-markets-offering-asset-players-mouth-watering-returns/
https://splash247.com/sp-markets-offering-asset-players-mouth-watering-returns/
3. Houthis restart attacks in the Gulf of Aden. Yemen’s Houthi movement said over the weekend that it targeted the 2,500 teu Groton containership on Saturday, the first ship strikes for two weeks in the region. The attack happened some 225 km southeast of Aden in the Gulf of Aden.
https://splash247.com/houthis-restart-attacks-in-the-gulf-of-aden/
https://splash247.com/houthis-restart-attacks-in-the-gulf-of-aden/
4. Wind Energy Construction signs for Vard newbuilds. Fincantieri-controlled Norwegian shipbuilder Vard has secured a contract from compatriot Wind Energy Construction for up to two newbuild energy construction vessels (ECVs).The Norwegian outfit linked to Ålesund-based Norwind Offshore and its founders and owners has signed for one firm vessel, delivering in the second quarter of 2027 and one optional unit which can be declared later this year.
https://splash247.com/wind-energy-construction-signs-for-vard-newbuilds/
https://splash247.com/wind-energy-construction-signs-for-vard-newbuilds/
5. A Fraught Election Just Reshaped The Next Steps For Deep Sea Mining. A Brazilian oceanographer has been elected the next secretary-general of the International Seabed Authority, a leadership change that could slow the rush to strip-mine deep sea ecosystems for electric vehicle battery metals.
https://gcaptain.com/a-fraught-election-just-reshaped-the-next-steps-for-deep-sea-mining/
https://gcaptain.com/a-fraught-election-just-reshaped-the-next-steps-for-deep-sea-mining/
6. China Coast Guard Monitors Philippine Patrol Boats In Sabina Shoal. China’s coast guard said it was monitoring Philippine patrol and fishing vessels that have gathered around the contested Sabina Shoal, citing China’s “indisputable sovereignty” over the Spratly Islands in the South China Sea.China’s coast guard had been monitoring the vessels since Saturday, spokesperson Gan Yu said in a statement late on Sunday.
https://gcaptain.com/china-coast-guard-monitors-philippine-patrol-boats-in-sabina-shoal/
https://gcaptain.com/china-coast-guard-monitors-philippine-patrol-boats-in-sabina-shoal/
7. India Boosts Domestic Shipping Industry with Strategic Initiatives. In a significant move to bolster India’s maritime sector, the government has implemented a series of measures aimed at enhancing the capacity and competitiveness of Indian shipping lines. These initiatives are designed to reduce dependency on foreign shipping companies and address the pressing issue of rising freight costs.
https://www.shippingtribune.com/news/shipping/India+Boosts+Domestic+Shipping+Industry+with+Strategic+Initiatives
https://www.shippingtribune.com/news/shipping/India+Boosts+Domestic+Shipping+Industry+with+Strategic+Initiatives
8. Government’s waterways push: Cargo movement sees six-fold growth since 2013-14. Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, provided a written reply to a starred question in the Lok Sabha raised by Biplab Kumar Deb and Shankar Lalwani. The query focused on the details of cargo movement through National Waterways (NWs) since 2013-14, steps taken by the Government to enhance this movement, and the development of new National Waterways.
https://www.shippingtribune.com/news/shipping/Government%E2%80%99s+waterways+push%3A+Cargo+movement+sees+six-fold+growth+since+2013-14
https://www.shippingtribune.com/news/shipping/Government%E2%80%99s+waterways+push%3A+Cargo+movement+sees+six-fold+growth+since+2013-14
9. Great Nicobar Trans-shipment Port: Government finalises DPR and approvals for Rs 41,000-crore project, construction to begin soon.
The government is finalizing the detailed project report (DPR) for the Rs 41,000-crore international transshipment port at Great Nicobar Island in the Bay of Bengal, with construction set to commence in the coming months, a senior official announced on Sunday.
https://www.shippingtribune.com/news/shipping/Great+Nicobar+Trans-shipment+Port%3A+Government+finalises+DPR+and+approvals+for+Rs+41%2C000-crore+project%2C+construction+to+begin+soon
https://www.shippingtribune.com/news/shipping/Great+Nicobar+Trans-shipment+Port%3A+Government+finalises+DPR+and+approvals+for+Rs+41%2C000-crore+project%2C+construction+to+begin+soon
10. CMA CGM expands logistics coverage in DR Congo.
CMA CGM aims to enhance its coverage in the Democratic Republic of Congo by expanding its current feeder system.The French carrier will introduce an innovative intermodal solution for the capital of the country Kinshasa. This new offering seamlessly connects with the ASAF, MIDAS 1, and EURAF 1 services, extending the company’s inland reach to Kinshasa.
https://www.shippingtribune.com/news/shipping/CMA+CGM+expands+logistics+coverage+in+DR+Congo
https://www.shippingtribune.com/news/shipping/CMA+CGM+expands+logistics+coverage+in+DR+Congo
