South Atlantic Grain Market Shows Strength as June Begins
Pacific Weakness Drives Vessel Influx into Atlantic.
Freight Rates Drop Despite Strong Cargo Volumes.
Soybean Shipments Begin Seasonal Decline.
As June rolls in, the South Atlantic grain market is looking pretty solid, thanks in...
Hong Kong Marine Department Issues Speed Limits for Vessels in Restricted Zones
Legal Reminder to Vessel Operators on Speed Regulations.
5-Knot Speed Limit Enforced in Designated Areas from 8 a.m. to Midnight.
Tolo Harbour and Surrounding Areas Restricted from July to September.
The Hong Kong Marine...
Portchain Connect Powers Smarter Berth Management at Barcelona and Valencia Terminals
APM Terminals Barcelona and Valencia have joined the Portchain Connect Network to improve berth alignment.
The integration reduces manual communication and supports faster Just-in-Time port calls, cutting waiting times by about two hours.
...
Flex LNG Completes $175 Million Refinancing for Flex Courageous Vessel
Flex LNG completed a lease refinancing for the vessel Flex Courageous extending debt maturity to 2035, and reducing the cost of debt by about 1.5% per year.
This refinancing is the first of...
Berg Propulsion Guides MPCC’s Feeder Ships Toward Cleaner, Low-Carbon Shipping
MPC Container Ships and Berg Propulsion successfully collaborated to develop and integrate advanced propulsion systems on both vessels despite newbuilding challenges.
Berg helped design an optimized engine room layout and provided customized propeller...
USS Enterprise, First Nuclear-Powered Carrier, Set for Dismantling in Alabama by Vermont Company
The USS Enterprise, the world’s first nuclear-powered aircraft carrier, served the U.S. Navy for over 50 years before being decommissioned in 2017.
After more than a decade of planning, the Navy will outsource...
Kool Glacier LNG Carrier Upgraded with New Boil-Off Sub-Coolers by LR, CoolCo, and HD...
The Kool Glacier LNG carrier was successfully retrofitted with a re-liquefaction system to reduce boil-off gas and improve efficiency.
Completed ahead of schedule, the project marks CoolCo’s second retrofit, with three more vessels...
Second Grounding in Øresund Strait Raises Safety Alarms
A dry bulk vessel ran aground off the coast of Landskrona in the Öresund Strait, Sweden, marking the second such incident in the area within a week.
The latest grounding occurred on the morning of...
Sweden Tightens Insurance Checks Amid Russia Concerns
Sweden will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia's so-called "shadow fleet ” of aging ships.
The coast guard and the Swedish Maritime Administration...
Ukraine Seeks €500 Million For Urgent Port Infrastructure Rebuild Amid War Damage
Ukraine requires an initial €500 million ($566 million) to rebuild key infrastructure at its Black Sea ports, heavily damaged by ongoing Russian missile and drone attacks, a government official announced on Friday.
Nearly 400 Port...