Panamax Struggles: Asia Drifts While Atlantic Rates Edge Down
The dry bulk market faced declines across Capesize, Panamax, Ultramax/Supramax, and Handysize sectors, with weak demand, oversupply, and subdued activity weighing heavily on rates...
Shipyard Delivers Eco-Friendly Multi-Purpose Vessels
The TAI FU, followed through on 26 November, satisfies the Stage III guideline of energy productivity file and the T3 outflow prerequisites of the...
McAsphalt Launches LNG-Powered McAsphalt Advantage
McAsphalt Industries Limited introduces the McAsphalt Advantage, a state-of-the-art LNG-powered vessel.
With a 140-meter LOA, a 23.75-meter beam, and a capacity of 11,000...
Luxury Yacht Loses Power, Strikes Cruise Ship
A luxury yacht collided with cruise ship in Nassau, Bahamas, after reportedly losing power and drifting uncontrollably.
Despite a brief delay for inspections,...
Davie Partners with Pearlson to Transform Lévis Shipyard
Chantier Davie Canada Inc. has partnered with Pearlson & Pearlson Inc. to modernize its Lévis, Québec facility.
The modernization includes state-of-the-art construction upgrades...
Refloating Ops for Grounded Bulk Carrier Begins In St. Lawrence Seaway
Attempts to refloat a bulk carrier that ran aground in the St.Lawrence River, close to Morrisburg, Ont. began reports gCaptain.
Critical refloating operation
Lightering operations commenced...
Damen and Kongsberg Mark Delivery of 1500th Thruster
Damen and Kongsberg Maritime celebrated the delivery of the 1,500th Kongsberg azimuth thruster delivered to Damen Shipyards Group.
It is one of a...
CMA Terminals Khalifa Port Inaugurated
With the new CMA CGM Terminal, Khalifa Port becomes the regional hub headquarters for three of world’s top five shipping companies.
CMA Terminals...
US Container Gateways Handle Record Traffic Without Disruption
Southern California Ports See Peak Traffic in 2024.
Import Volumes Surge Across West, East, and Gulf Coasts.
Resilient Intermodal System Keeps Supply Chain...
MPA Opens Call for EOI on LNG and Methane-Based Marine Fuels
Singapore Explores Supply of E-/Bio-Methane as Marine Fuel.
MPA Reviews LNG Bunkering Regime to Meet Growing Industry Needs.
Floating Platforms and Safety Innovations...
Odfjell to Acquire Seven Chemical Tankers Over the Next 14 Months
Super-Segregator Chemical Tankers to Join Odfjell’s Core Fleet.
Purchase Option Prices 30% Below Market Value for Odfjell Tankers.
Odfjell Secures $242 Million Credit...
Wallenius Wilhelmsen Secures Multi-Year Shipping Contracts with Auto OEMs
Biofuel-Powered Shipping Gains Momentum in Wallenius Wilhelmsen’s Strategy.
Leading Auto OEMs Partner with Wallenius Wilhelmsen for Net-Zero Shipping Goals.
Wallenius Wilhelmsen Receives Biofuel...
Panamanian Tanker Plays Vital Role In Sea Rescue Mission
A Panamanian tanker, played a crucial role in a recent search and rescue operation coordinated by the Greek Coast Guard. The tanker assisted in...
The Enduring Impact Of The Red Sea Crisis On Shipping
The article highlights the challenges posed by the Red Sea crisis and the potential long-term impact on shipping rates. The author suggests that the...
Geopolitics Reshapes Tanker Market Dynamics
A potential lifting of the Russian crude ban could significantly impact the global oil tanker market. It might lead to increased demand for larger...
Global Bunker Fuel Market Sees Slight Price Decline, Future Uncertain
The global bunker fuel market experienced a slight decline in prices during the 50th week of the year. The prices of High Sulfur Fuel...
The Poseidon Principles: Driving Climate Action In The Shipping Industry
The Poseidon Principles, a framework for assessing the climate impact of shipping portfolios, has shown that financial institutions are increasingly aligning their investments with...
A Comprehensive Guide To Shipyard Design And Layout
Designing shipyards is a complex task due to the diverse nature of vessels being built, ranging from simple to complex. The optimal layout and...
Moody’s affirms Port of Oakland’s A1 stable rating
Moody’s Investors Service has affirmed the Port of Oakland’s senior lien rating at A1 stable, reflecting strong liquidity, robust debt service coverage, and...
Rongsheng Heavy Industries Resumes Operations
Rongsheng Heavy Industries, once the largest private Chinese shipbuilder, has resumed operations as Jiangsu New Rongsheng Heavy Industry after bankruptcy.
The yard has...
