CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S. trade, CMA CGM transports over 5 million shipping containers to and from the country each year.
Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing and Washington.Beijing's emphasis on the role of Hong Kong in serving Chinese security interests and growing U.S.
Operating one of the world’s largest marine fleets of any kind, it is Svitzer’s local footprint that speaks volumes for its diverse and far-flung workforce and assets. Strengthened by a multi-national team, providing value in more than three dozen countries, Svitzer stands out every day. On 30 April 2024, Svitzer was listed on Nasdaq Copenhagen (SVITZR) as a result of the previously announced separation from its former parent company, A.P. Møller - Mærsk A/S. Danish national Kasper Karlsen has been Global Chief Operating Officer of the Svitzer Group since December 2022.
The Singapore-flagged dual-fuel ammonia-powered vessel Fortescue Green Pioneer has arrived in the U.K. to demonstrate the viability of ammonia as a sustainable marine fuel.The vessel is the first of its kind, powered by four-stroke engines, two of which are capable of being fueled by ammonia and diesel.Ammonia, a zero-carbon fuel, has the potential to substantially reduce greenhouse gas emissions when used for shipping.An ammonia-powered vessel exemplifies how shipping can become more sustainable, an ambitious but essential mission fully backed by U.K. Government.
Tanker owner Performance Shipping entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel. This concludes the financing for all three newbuilding LNG-ready, scrubber-fitted LR2 product/crude oil tanker vessels of approximately 114,000 dwt each, expected to be delivered in August and September 2025, and January 2026.The bareboat financing amount totals $45 million. As part of this agreement, the vessel will be sold and then chartered back to Performance Shipping Inc.
EST-Floattech was contracted by Electric Marine Support (EMS), a Dutch system integrator, to participate in projects for Rhenus and its fleet enhancement initiative. Rhenus PartnerShip, the shipping branch of the company, invested in sustainable inland waterway transportation with three new inland shipping combo vessels, Mannheim I+II, Wörth I+II and Ludwigshafen.Mannheim I+II and Wörth I+II will sail with a hybrid propulsion systems: one diesel-electric vessel and one fuel-cell system inland waterway vessel.
Greensea IQ expanded its EverClean operations with a new service center in Miami, Florida. The new facility, located in Hialeah, Florida, will house both office and workshop space. The Miami location will accommodate an expanded EverClean support team dedicated to servicing customers in the region. With Miami serving as a global hub for cruise operations, the expansion furthers Greensea IQ's ability to provide ship operators with an efficient and environmentally responsible hull maintenance solution.
Incat Crowther said that the first of two new catamaran ferries for Dumai Express Group completed sea trials and will soon commence operations in Indonesia. The 33-m ferries build on a fleet of first-generation 30-m catamarans designed by Incat Crowther for the Indonesian operator. The new models offer improved operational efficiency via an extended stern, optimized hull form and customized propeller tunnel. The design enhancements mean Ruby of Dumai provides a full-load draft of 1.
Reproduced Courtesy NH JournalThere has been a lot of discussion in New Hampshire lately about the effectiveness of a pro-American law that has been providing national and economic security for the United States for many years. I want to provide some stakeholder’s perspective and perhaps add some context as to how this issue relates to New Hampshire.The Jones Act is a series of laws that ensure that America controls its own critical supply lines.
The members of Waterways Council, Inc., (WCI) the national organization that advocates for a modern, efficient, well-maintained system of ports and inland waterways, recently met in Washington, DC with Members of the 119th Congress to discuss WCI key and related priorities for 2025. An ancillary issue that WCI is looking to address is the removal or modification of an antiquated 1980s Executive Order (EO) 12322 that mandates any federal or federally assisted land or water resources project proposal must first be submitted to the Office of Management and Budget (OMB) for review before being
President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters.Trump has vowed to restore a "maximum pressure" campaign to isolate Iran from the global economy and drive its oil exports to zero, in order to stop the country from obtaining a nuclear weapon.
Kongsberg Maritime has secured a project to convert the double ended car ferry MF Hamlet to emission-free battery powered operation.The ferry, operated by Öresundlinjen, on the route between Helsingør, Denmark, and Helsingborg, Sweden, will see a major upgrade including installation of large battery packs and new permanent magnet motors for the azimuth thrusters.The primary goals of the project include achieving zero emissions, enabling full electric operation with batteries, and having mechanical propulsion redundancy.