Disney Believe Comes to Life with a Touch of Tinker Bell Magic
Meyer Werft has laid the keel for Disney Cruise Line's new Disney Believe, placing a specially minted Tinker Bell coin beneath it as construction of the 144,000-GT cruise ship advances in Papenburg in Germany.The traditional ceremony marked the start of assembly of the vessel's second gigablock. Its first gigablock left Meyer Werft's more than 500-metre-long covered building dock in September and is…
Two Dead, 11 Rescued After Black Sea Cargo Ship Sinking
Two people have died and 11 crew members have been rescued after the Royad Mammadov cargo ship sank in the Black Sea, Romanian authorities reported, while Ukrainian President Volodymyr Zelenskyy said the vessel had been struck by Russian drones.The incident occurred on October 5 in Romania's exclusive economic zone, about 30 nautical miles south of Sfântu Gheorghe and outside the country's territorial waters…
ADNOC L&S Orders Three VLGCs for $324M
ADNOC Logistics & Services (ADNOC L&S) has ordered three 90,000-cubic-meter Very Large Gas Carriers (VLGCs) for a total investment of $324 million.The three newbuilds are scheduled for delivery in the second half of 2029, ADNOC L&S said.Upon delivery, the VLGCs will be deployed under seven-year contracts with ADNOC Global Trading.The investment is also valued at $324 million (AED 1.19 billion), according to ADNOC L&S.
Oil Industry Braces for Years of Market Disruption
Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday.Following the start of the US-Israeli war on Iran at the end of February, Iran effectively closed the Strait of Hormuz, choking exports through one of the world's most crucial shipping bottlenecks.The impact has been compounded by attacks on oil and gas infrastructure…
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