Greek owner Evangelos Marinakis has secured a deal with Hanwha Ocean for two very large crude carriers, with deliveries scheduled for 2027. The agreement includes an option for an additional newbuild, costing approximately $125m each. Marinakis-controlled Capital also has six LNG dual-fuel VLCCs under construction at Dalian Shipbuilding Industry Co, with deliveries expected until 2028.
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COE quota to increase by 2.6% for August to October
The Land Transport Authority (LTA) of Singapore announced a 2.6% increase in the supply of Certificates of Entitlement (COEs) for the period from August to October, raising the total to 18,701. Bidding under this new quota will commence on August 4, with significant increases in Category E and adjustments based on vehicle deregistrations and population changes anticipated. Want More Context? 🔎
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