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Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports…
https://www.marinelink.com/news/brokers-launch-port-disruption-insurance-517292
https://www.marinelink.com/news/brokers-launch-port-disruption-insurance-517292Russia's seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed.Russia's offline primary oil refining capacity for August at 2.95 million tons was up from July's level by some 3%…
https://www.marinelink.com/news/russias-seaborne-oil-product-exports-dip-517293
https://www.marinelink.com/news/russias-seaborne-oil-product-exports-dip-517293A new design for a 268-meter floating liquefied natural gas (FLNG) facility from Wison New Energies received approval in principle (AIP) from classification society ABS.The unit is designed to perform offshore and at-shore with an expected production capacity of 1.2 million tonnes per annum (mtpa).
https://www.marinelink.com/news/abs-grants-approval-wisons-new-flng-517294
https://www.marinelink.com/news/abs-grants-approval-wisons-new-flng-517294Spliethoff Group announced it has acquired a majority interest in ForestWave, making the fellow Dutch shipping company its seventh business unit effective September 30. With this expansion, Spliethoff Group's fleet of commercially operated vessels…
https://www.marinelink.com/news/spliethoff-acquires-majority-stake-517295
https://www.marinelink.com/news/spliethoff-acquires-majority-stake-517295Malaysian shipowner Coastal Contracts Bhd on Thursday placed an order with Chinese shipbuilder Fujian Funing Shipbuilding Heavy Industry, a subsidiary of Fujian Shipbuilding Industry Group, for a pair of 85-meter subsea support/maintenance vessels.The vessels, each with 22-meter beam, 8-meter depth
https://www.marinelink.com/news/coastal-contracts-orders-subsea-support-517296
https://www.marinelink.com/news/coastal-contracts-orders-subsea-support-517296The containership Dali has departed U.S. waters en route to a Chinese repair yard nearly six months after the vessel struck Baltimore's Francis Scott Key Bridge, triggering its deadly collapse.The Singapore-registered ship, which had been moved from Baltimore to Norfolk, Va.
https://www.marinelink.com/news/containership-dali-leaves-us-chinese-517297
https://www.marinelink.com/news/containership-dali-leaves-us-chinese-517297HavocAI Inc., a Providence, R.I. based developer of autonomous uncrewed surface vessel (USV) technology, announced it has closed an $11 million Seed round of funding.The round was led by Scout Ventures, co-led by Trousdale Ventures, and saw additional participation from Outlander VC…
https://www.marinelink.com/news/havocai-raises-million-seed-funding-517298
https://www.marinelink.com/news/havocai-raises-million-seed-funding-517298The families of the six workers who died in the March collapse of the Francis Scott Key Bridge in Baltimore filed lawsuits on Friday against the owner and operator of the cargo ship that struck the bridge.The lawsuits filed in Maryland federal…
https://www.marinelink.com/news/families-workers-killed-baltimore-bridge-517300
https://www.marinelink.com/news/families-workers-killed-baltimore-bridge-517300Cleanup efforts are underway after a 105-foot yacht caught fire, capsized and spilled oil in Marina del Rey, Calif., the U.S. Coast Guard said.The motor yacht The Admiral reportedly went up in flames around 8:30 p.m., Wednesday, and a crew from…
https://www.marinelink.com/news/yacht-fire-triggers-oil-spill-california-517302
https://www.marinelink.com/news/yacht-fire-triggers-oil-spill-california-517302Iron ore futures prices edged higher on Friday but logged a weekly loss, as traders weighed prospects of fresh monetary stimulus from China against the top consumer’s muted economic recovery, while firmer global supply also weighed on prices. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.15% higher ...
https://www.hellenicshippingnews.com/dalian-iron-ore-posts-weekly-fall-on-tepid-chinese-economic-recovery/