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4 September 2026

COSCO brands US spying claims ‘totally unfounded’

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Source reporting: Splash247

COSCO brands US spying claims ‘totally unfounded’

COSCO, the world’s largest shipowner by fleet size, has strongly rejected allegations that its commercial vessels are being used to collect military intelligence for Beijing. The Chinese state-controlled group issued a statement after Reuters reported that two senior US administration officials believe COSCO ships carry concealed signals-intelligence equipment capable of intercepting military communications near coastlines …

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4 September 2026

Nanjing Shenghang lines up six chemical tankers at China Merchants yard

Chinese chemical tanker owner Nanjing Shenghang Shipping is scaling up its fleet renewal programme with plans to spend CNY994. 8m ($148m) on six 13,500 dwt stainless-steel chemical and product tanker newbuildings. The Shenzhen-listed company has lined up China Merchants Shipbuilding Industry Group Nanjing Shipyard for the series, with each vessel priced at CNY165. 8m ($24. 7m), including tax.

Source: Splash247Original source

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Source: The LoadstarOriginal source

4 September 2026

New UK cyber bill to force logistics operators to rip out their tech?

A piece of legislation working its way through the House of Lords right now could hand British ministers the authority to order transport and logistics operators to remove technology from vendors deemed a national security risk. Most of those operators, if pressed, probably could not tell you exactly whose kit is sitting inside their operational technology stack. The Cyber Security and Resilience Bill completed its passage through the Commons on June ... The post New UK cyber bill to force logistics operators to rip out their tech? appeared first on The Loadstar .

Source: The LoadstarOriginal source

4 September 2026

Scorpio puts three tankers on three-year charters

Monaco-based Scorpio Tankers has put three product tankers on three-year charters carrying more than $110m in aggregate gross revenue at the disclosed headline rates. The Emanuele Lauro-led owner has fixed LR2s STI Gladiator and STI Jermyn at $40,188 and $42,500 per day, respectively, with both charters starting this month. MR tanker STI Pontiac has been …

Source: Splash247Original source