Triton to Acquire GCI in $1 Billion Deal, Expanding Fleet
Triton, one of the world's largest container leasing companies, announces agreement to acquire Global Container Int. in a deal worth over $1bn.
Shipping
Shipping Industry Monitors Red Sea After Aid Deadline Passes
The shipping industry is watching developments in the Red Sea today as Houthi rebels threaten to resume attacks on commercial vessels in the region
Armed Intruders Board Tanker in Philip Channel Near Indonesia
Panama-flagged tanker boarded by seven individuals while traveling through Philip Channel yesterday, about six nautical miles east of Indonesia.
North Sea Collision Raises Environmental Concerns Over Cargo
Concerns are growing over fuel leakage after the North Sea collision and authorities are assessing the environmental impact of the incident.
Rescue Underway After Tanker & Containership Collision in UK
A large-scale rescue operation is in progress in the North Sea after a product tanker and containership collided and caught fire off the UK coast
Performance Shipping Secures Funding for Third Newbuild Tanker
Greece-based Performance Shipping has finalized financing for its third newbuild vessel in China through another sale and leaseback agreement.
Singapore Welcomes CMA CGM’s First Methanol-Powered Ship
The Port of Singapore received CMA CGM Iron the first dual-fuel methanol-powered containership in CMA CGM’s fleet during its call on March 4.
CMA CGM Overtakes Maersk to Become Second Largest Liner
CMA CGM, the most aggressive ship acquirer of the year so far, has reached a significant milestone in the container shipping industry.
Sailors’ Society Launches 24/7 Helpline for Female Seafarers
The international maritime charity, Sailors’ Society, has introduced a dedicated helpline designed to support female seafarers.
Cargo Ship Drifts Off Norwegian Coast After Power Loss
On 4th March, a maritime incident occurred northwest of Tromsø when cargo ship Errikos suffered a power failure, leaving it without propulsion.
MOL Completes First LNG Ship-to-Ship Bunkering in Canada
Japanese transport company MOL successfully carried out its first ship-to-ship LNG bunkering operation in English Bay, Canada on 1st March.
Trump Unveils New Shipbuilding Office, Tax Incentives
Donald Trump announced plans to set up a shipbuilding office within the White House and introduce several new tax incentives for the industry.
Baltic Vessels Linked to Increased GPS Interference
A study conducted by Polish researchers suggests that moving vessels in the Baltic Sea are behind a surge in GPS disruptions throughout the region
H&S Wisdom Grounded in Humber Estuary
A vessel flying the Netherlands flag, H&S Wisdom, ran aground on 2nd March off the coast of Brough in the Humber Estuary near Welton, England.
CMA CGM Secures Chinese Newbuild Contract for Containerships
French shipping powerhouse CMA CGM has committed to a fresh series of containership newbuilds in China.
Argentina Revives Livestock Exports After 52-Year Hiatus
While many are distancing themselves from transporting live animals by sea Argentina is to rejoin the livestock export trade after a 52-year hiatus
Bulk Carrier Thor Monadic Catches Fire in Turkey
Turkish local news sources reported that a fire broke out on the bulk carrier Thor Monadic early on 27th February in Adana’s Yumurtalık district.
Furetank Completes First 200-Tonne ISCC Bio-LNG Bunkering
Swedish shipping firm Furetank has successfully finished its inaugural bunkering operation, supplying 200 tonnes of ISCC-certified Bio-LNG.
MSC Repositions Megamax Vessels to New Trade Lanes
In a “surprise move,” Alphaliner reports that MSC is relocating all of its 19,200 to 24,300 TEU megamax vessels from the Asia–North Europe route
Panama Canal Approves $1.2bn New Reservoir Project
Panama Canal board of directors gives the green light for funding the construction of a lake in the middle course of the Indio River watershed.