Tsakos Expands Fleet with Purchase of Five Viken Tankers
Tsakos has been linked to acquiring five contemporary tankers through an agreement with Viken Shipping, a Norwegian company.
Shipping
Animal Welfare Alarm Sounded as Cattle Struggle in Red Sea Chaos
A vessel transporting cattle from Australia, initially bound for the Middle East, has reportedly rerouted towards Africa.
Wallenius Wilhelmsen Progresses with Fleet Growth
Vehicle transport specialist Wallenius Wilhelmsen finalize multi-year transport deal with a South Korean construction equipment manufacturer.
Two Missing SEALS Presumed Dead from Raid on Iran Ship
Military officials said that the U.S. Navy SEALs who went missing in the Gulf of Aden amidst a raid on an Iranian ship have still not been found.
Shipping Emissions Skyrocket Due to Cape Route Diversions
The recent shift in trade routes between Asia and Europe, triggered by the Houthis is significantly impacting the shipping industry's carbon footprint
RIBCRAFT Expands Lifesaving Resources for Maine Firefighters
The specialized RIB not only expands the department’s response capabilities but also offers a secure platform for conducting rescue missions.
Since Ever Given Grounding Suez Canal Transits Fall to Lowest
Transits of commercial vessels through the Suez Canal have dropped to their lowest since the Ever Given blocked the waterway nearly 3 years ago.
More Ships Signal No Ties to Israel to Avoid Houthi Attacks
In an effort to avoid Houthi attacks in the Red Sea, cargo ships are broadcasting that they are not affiliated with Israel.
InterManager Urges Prevention of Enclosed Space Deaths
InterManager, the international trade association for ship and crew management, highlighted a series of fatal incidents within a week in Dec 2023
Impact of Drought - Panama Canal Toll Revenue Faces Decline
On Wednesday, the administrator of the Panama Canal disclosed a monthly decline of roughly $100 million in toll revenues since October.
RCL Expands Fleet with Order for Four Boxships from China
Several brokerage report RCL, a Thai shipping company, has ventured to southern China for the procurement of four 4,400 TEU vessels.
Financial Turmoil Hits Leading Shipbuilder in Vietnam
Vietnam shipbuilder SBIC formerly Vinashin, is poised for bankruptcy as numerous attempts to restructure the company have proven unsuccessful.
Euronav Plans for 120 Low-Carbon Ships Under New CEO Saverys
Alexander Saverys, recently appointed CEO of the tanker giant following a takeover battle, discussed how he views the Euronav fleet evolving.
Price of Skipping Panama Canal Queues Drops Significantly
The price for vessels to skip Panama Canal congestion lines has reduced significantly from the multimillion-dollar records of recent months.
TFG Marine Supports Fratelli Cosulich’s Methanol Dual-Fuel Tech
The Italian maritime firm Fratelli Cosulich has placed an order for its inaugural methanol dual-fuel chemical bunker tanker.
Fleet Modernization: Frontline Phases Out Five Senior VLCCs
John Fredriksen's maritime enterprise, Frontline, has officially announced the sale of its five most senior Very Large Crude Carriers (VLCCs).
Cameroon Flag on Tankers Banned in UAE Over Safety Concerns
The United Arab Emirates has prohibited ships bearing the flag of Cameroon from entering its waters.
ZIM Elevating Container Monitoring with Advanced Tracking Tech
The global container fleet is moving towards enhanced intelligence as ZIM declares investment in tracking devices for its dry van container fleet
Nakilat Commissions Six New Gas Carrier Builds in S. Korea
Nakilat, a leading Qatari company in liquefied natural gas (LNG) shipping, is significantly expanding its fleet by adding six new gas carriers.
US Coast Guard Confiscate Cocaine, Heroin, Meth Valued at $11M
Gulf of Oman: US Coast Guard achieved initial drug interdiction for the year, successfully confiscating an array of narcotics valued at $11 million.