A new analysis from Windward reports a 20% decrease in the volume of direct oil voyages out of Russia in Q3 2024 compared to Q2.Q3 2024 marked the lowest monthly average of direct voyages from Russia to China since March 2023. When compared to Q2 2024 averages, there is a decrease of 12% in such voyages.
The IMO is celebrating World Maritime Day on 26 September by highlighting the importance of safety at sea in an era of significant transformations and new risks and 50 years since the adoption of the International Convention for the Safety of Life at Sea (SOLAS).SOLAS was first adopted in 1914, in response to the Titanic disaster.
The European Union's mission in the Red Sea, known as Aspides, said on Wednesday there was no oil spill in the area of the MV Sounion tanker that was targeted recently off Yemen's coast.Aspides added that the Greek-flagged oil tanker was still anchored and not drifting.The Pentagon said on Tuesday the tanker was still on fire in the Red Sea and appeared to be leaking oil.
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies
Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—previously OSG’s largest shareholder—said it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.
The Netherlands based marine towage provider KOTUG announced it has successfully piloted its innovative Tug Drone technology, performing a line transfer using an aerial drone.KOTUG said it worked with another Dutch company, unmanned aerial vehicle (UAV) experts SKEYE, to perform a line transfer over 400 meters from a tugboat to the helideck of Heerema’s crane vessel Thialf.
The United Kingdom Maritime Trade Operations (UKMTO) organization said on Friday it had received a report of a failed hijacking attempt of a vessel 195 nautical miles east of Yemen's Aden.The vessel's master reported being approached by a small craft carrying five or six armed people with ladders.
Yemen's Houthis said on Wednesday they targeted four vessels, including what they described as a U.S. warship, with drones and naval missiles in the Gulf of Aden, part of their stated campaign of solidarity with Palestinians in Gaza.The Iran-aligned group attacked "MSC Darwin ship, MSC GINA, MV Yorktown" along with the U.S.
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.
Yemen's Houthis will introduce military "surprises" in their Red Sea operations, the Iran-aligned group's leader Abdul Malik al-Houthi said in a televised speech on Thursday."Our military operations will continue and advance and we have surprises that our enemies will not expect at all," al-Houthi said.
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
Hanwha Ocean has secured an order worth approximately $250 million for two very large ammonia carriers (VLACs) for a shipowner in the Oceania region.Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, and will be equipped with eco-friendly technology, the South Korean shipbuilder said.