HMM to Expand Algeciras Terminal with €150 Million Investment
HMM Launches Major Expansion of Spanish Terminal TTIA.
HMM and CMA CGM Back €150 Million Algeciras Terminal Upgrade.
TTIA Expansion to Boost Capacity to 2.8 Million TEU by 2028.
HMM announced on July 2...
Germany and Sweden Target Shadow Fleet with New Baltic Rule
New Tanker Insurance Rule Hits Russian Shadow Fleet in the Baltic.
Baltic Crackdown Begins as Germany and Sweden Demand Tanker Insurance Proof.
Fehmarn Belt Rule Targets Uninsured Tankers Amid Shadow Fleet Concerns.
German authorities...
Oil Drilling Vessel Incident in Gulf of Suez Prompts Rescue Response and Investigation
An oil-drilling ship capsized near Ras Ghareb in the Gulf of Suez, resulting in at least four confirmed deaths and four crew members still missing.
A total of 30 workers were on board;...
Lessons Learned: Crew Injury During Mooring Due to Vessel Movement and Rope Slippage
The UK Marine Accident Investigation Branch (MAIB), through Safety Digest 1/2025, shared insights from recent marine incidents. The International Marine Contractors Association (IMCA) has highlighted a case involving crew injury during mooring operations for...
Global Bunker Fuel Market to Hit $280 Billion as Low Sulfur Fuel Oil (LSFO)...
The global marine bunker oil market is projected to grow from $151.0 billion in 2023 to $280.7 billion by 2033, driven by the shift to low-sulfur fuels.
IMO 2020 regulations have accelerated LSFO...
COSCO Joins Global Carriers in Deploying Methanol Mainliners for Cleaner Operations
COSCO has deployed its first methanol-powered mainline vessel, joining Maersk, HMM, and CMA CGM in adopting alternative fuels.
The shift marks a broader trend among top carriers moving toward methanol as a cleaner...
HII and C3 AI Forge Strategic Alliance to Accelerate AI-Driven Shipbuilding for U.S. Navy
HII and C3 AI partner to integrate artificial intelligence across shipbuilding operations at Newport News and Ingalls divisions.
The collaboration aims to boost shipbuilding throughput, fleet readiness, and production efficiency through digital transformation.
...
$17.5 B LNG Project Awards Dredging Contract to U.S. Giant
Great Lakes Dredge & Dock Corporation (GLDC) has been awarded the dredging contract for the Louisiana LNG project operated by Woodside Energy.
The contract includes the construction of a ship berthing basin, with...
US Sanctions Relief Paves Way for Syria to Revitalize oil Trade Links
In a significant shift in its foreign policy, the United States has removed Syria's oil ministry, its two refineries (Homs and Banias), and its maritime authority from its sanctions list. This move, which became...
MOL Bay Links to Drive Competitiveness and Synergies in MOL Group’s Tugboat Business
Mitsui O.S.K. Lines, Ltd. (MOL), led by President & CEO Takeshi Hashimoto, announced today, July 3, 2025, the establishment of MOL Bay Links Co., Ltd. This new holding company is designed to strengthen the...