Shipping News Update

Vessel tracking services recorded 17 transits through the Strait of Hormuz on Thursday, with two more logged in the early hours of Friday, tentative signs of life in a waterway that has been effectively shut for nearly four months.

Industry Updates

Genco Shipping & Trading’s shareholders overwhelmingly re-elected all six company-backed director nominees, handing the dry bulk owner a major victory in its long-running battle with rival suitor Diana Shipping.
Eastern Pacific Shipping (EPS) is exiting the chemical tanker business through an en bloc transaction involving Ace Tankers and Womar Tankers.
Details and images emerged this week of the world’s largest bulk-to-container conversion completed in China.

Ina Reksten, the head of Norwegian vessel optimisation specialist Manta Marine Technologies, was this week’s big Maritime CEO interview. The industry’s biggest challenge is no longer identifying solutions, but deploying them at scale, she argued.