Red Sea Route Changes: Higher Costs, More Delays
Major suppliers for global retailers such as IKEA & Amazon are adjusting shipping routes, marking the most significant disruption since COVID
Shipping
Zodiac Maritime Explores Potential of Nuclear-Powered Ships
Zodiac Maritime is collaborating with KEPCO E&C, HD KSOE and Lloyd's Register of South Korea to create plans for ships powered by nuclear energy.
New Horizons: Beks Maneuvers Its Only Newcastlemax Vessel
According to Brokers, the Bekmezci family sold their first and only large cargo ship, a newcastlemax, after having it for a year.
Louis Dreyfus Prepares Juice Ship for Suction Sails
In a significant move, the Louis Dreyfus Company, has chosen to equip its leased juice transport vessel with four innovative suction sails.
Harim Group Chosen to Acquire HMM
The Harim Group has been chosen by state-owned creditors to acquire a controlling interest in HMM, South Korea's premier shipping company.
Bulk Carrier Hijacked Off Somalia Coast
Off the Somalian coast, commercial vessel remains hijacked by group of unknown assailants, significantly raising fears of persisting instability.
Panama Canal to Increase Daily Transits Next Month
Starting from January, the Panama Canal Authority will increase daily transits to 24, following consistent rain over the last 6-week period.
Egypt: 55 Vessel Diversions Since Nov Amid Growing Strains
The Suez Canal Authority of Egypt disclosed that they are vigilantly observing the repercussions of escalating tensions in the Red Sea.
Christening Ceremony for 3 Towboats at Middle River Marine
Middle River Marine, based in Mokena, Illinois, added three towboats—namely, the M/V Carmalee Rose, Macey Lauren, and Ava Renee—to its fleet.
FPSO Atlanta: Yinson's Fleet Addition Poised for 2024 Launch
In a grand event at Dubai Drydocks World on December 13, 2023, Yinson Production warmly welcomed the latest jewel in its crown, the FPSO Atlanta.
IMO Commemorative Farewell for Secretary-General Kitack Lim
Resolution entitled "Appreciation of the Services of Mr Kitack Lim" recognizes Mr. Lim's leadership and achievements during his tenure at the IMO
Ocean Carriers Re-enter Charter Market Due to Increased Demand
Anticipation of better-than-expected demand across trade routes leads ocean carriers to re-enter charter market in search of available tonnage.
Hydrotug 1 is the World’s First Hydrogen-Powered Tug
The world’s first hydrogen-powered tugboat successfully launched by Belgian shipping and cleantech group, CMB.TECH & the Port of Antwerp-Bruges.
Largest Global Car Carrier Gets Green Light in Principle
Deltamarin has recently obtained Approval in Principle (AiP) from DNV for their groundbreaking design of an 11,000 CEU pure car and truck carrier
First Methanol Dual-Fuel Ship by X-Press Feeders Ready
X-Press Feeders, has revealed the first of 14 methanol dual-fuel ships, with plans in the Baltic to create a green feeder network.
Toyo Secures Deal with VARD for Tailored Hybrid Cable Layer
VARD inks $200 million agreement with Toyo. The contract covers planning and construction of an advanced hybrid cable lay and construction vessel
Port Truckers Complain About Queues at Baltimore Container Terminal
Truck drivers camped out in Baltimore Container Terminal to protest what they claim are ongoing pickup delays disregarded to save money.
Container Volume at GPA Increased by 18%
According to the Georgia Ports Authority (GPA), the port of Savannah handled 530,800 TEU in July, a rise of 18% over the same period in 2021.
Prax Group Acquires New 68 Meter Tanker
The Prax Group of Companies company, Harvest Energy Marine, has announced the acquisition of the Fortuna II, a brand-new tanker.
Lubricant Leak from Container Ship in Alaska
Oil leak from container ship owned by Matson sailing to Anchorage, AK monitored by the US Coast Guard in collaboration with other authorities.