Ocean Winds & Eletrobras Team Up for Offshore Wind Projects
Ocean Winds, a venture between France’s Engie and Portugal’s EDP, partnered with Brazilian power company Eletrobras to explore offshore wind farms
Corporate News
CMA CGM Purchases Five High-Reefer Ships from Seatrade
Analysts at Alphaliner report that CMA CGM has acquired five high-reefer 2,259 TEU container vessels it previously had on charter from Seatrade.
Carnival Cruise Line Enhances Training for Travel Advisors
Carnival is rolling out an improved version of its Learn & Earn platform for travel advisors, expanding its popular Loyalty Rocks! program.
MSC Acquire Majority in Brazilian Port Operator Wilson Sons
Swiss giant MSC, through its subsidiary SAS, agrees to purchase majority stake in the Brazilian port and maritime logistics company Wilson Sons.
Hong Kong Launches New Board to Boost Maritime Industry Growth
Hong Kong to create Maritime and Port Development Board to help government shape policies, develop long-term strategies to strengthen position.
Offshore Vessel Prices Soar as Newbuild Values Nearly Double
A recent report highlights the dramatic rise in offshore vessel prices, with some types experiencing nearly a twofold increase in just 3 years.
DP World Acquires 47,000 Containers for the First Time
For the first time, terminal operator DP World has acquired 47,000 TEU containers that are now officially registered and branded to the company.
India Approves Coastal Shipping Bill to Boost Efficiency
India's cabinet has approved the Coastal Shipping Bill, aimed at streamlining shipping operations across the country & better inland integration
Maersk Places Landmark Orders for LNG Dual-Fuel Vessels in China
Brokers report that Maersk has turned to China for its latest expansion, placing significant orders for LNG dual-fuel vessels.
Saudi Red Sea Authority Reports on Coastal Tourism Investment
The Saudi Red Sea Authority and the Ministry of Investment, released a report titled highlighting the significant role of coastal tourism.
Shell Places $480M Order for MR2 Product Tankers in China
Shell has turned to the Chinese shipbuilding market to secure a number of MR2 product tankers valued at approximately $480 million.
Norwegian Cruise Line Becomes NHL's Official Partner
Norwegian Cruise Line announces new role as the Official Cruise Line of the National Hockey League marking a groundbreaking multiyear partnership
Fujian Guohang Expands Orderbook with Methanol-Ready Bulkers
Chinese shipowner Fujian Guohang Ocean Shipping is solidifying its commitment to methanol-ready kamsarmax newbuilds at Wuhu Shipyard.
SIBCON 2024 Highlights Singapore’s Push for Digital Bunkering
The world’s largest bunkering event, SIBCON, is currently taking place in Singapore, the global leader in bunkering operations.
Port Protests Continue as Canadian Dockworkers Halt Overtime
Protests at ports across North America's east coast have been escalating all year, now dockworkers in Montreal join with their own 3-day strike.
CINS Issues New Guidelines for Safe Carriage of Charcoal
Cargo Incident Notification System, an initiative led by the container shipping industry, releases guidelines to ensure safe transport of charcoal
Asian Shipbuilders See Record Highs for Newbuilds in 2024
2024 has been a standout year for Asian shipbuilders, with newbuild prices reaching unprecedented levels, according to data from Clarksons.
Mitsui OSK Lines Linked to New $413M FSRU Order in South Korea
Japan’s Mitsui OSK Lines (MOL) has been connected to a recent order for a floating storage and regasification unit (FSRU) placed in South Korea.
Silversea to Build Hotel in Chile for Antarctica Travelers
Silversea Cruises announces plans to build a luxury hotel in Puerto Williams, Chile, to enhance the experience for guests exploring Antarctica.
OFAC Imposes Sanctions on Marshall Islands Tanker Owner
Office of Foreign Assets Control issues sanctions against tanker owner and vessels due to alleged involvement in the transport of Russian oil.