Defense group Leonardo and Immsi's naval unit Intermarine have signed a contract worth up to 2.6 billion euros ($2.82 billion) to supply Italy's navy with five coastal minehunter ships, the companies said on Friday.The contract, which also includes logistics support, is worth 1.6 billion euros for the vessels and 1 billion euros in various other options.
Salvage operations were in high-gear on Thursday to prevent a potential oil spill and pollution along South Africa's west coast from a grounded general cargo vessel, authorities said.The Panama-flagged "Ultra Galaxy" ran aground close to Doring Bay, some 300 km north of Cape Town, late on Tuesday after it started listing badly.
French shipping and logistics company CMA CGM said on Thursday that its ship "Benjamin Franklin" had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday."No injury to the crew has been reported, no pollution, no strong damage to the vessel which remains fully seaworthy," the company said, adding that 33 additional containers had been damaged.
Shipping group CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red Sea disruption, but expects an influx of new ships to weigh on the market later in the year, it said on Friday.France-based CMA CGM, the world's third-largest container line, reported first-quarter net profit of $785 million
The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist
France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore, announced last year, closed on Thursday at a final price of 4.85 billion euros ($5.25 billion) after debt and cash adjustments.
The US Coast Guard is continuing to assess a fire reported on the 410-foot general cargo vessel Genius Star XI off Dutch Harbor, Alaska.The vessel is carrying lithium-ion batteries, and the fire started on Christmas Day in cargo hold No. 1. The crew released carbon dioxide into the hold and sealed it over concerns of an explosion.
A new containership planned for operations in Europe is set to become the world's first to use pure ammonia as fuel.Yara Clean Ammonia and NorthSea Container Line are establishing a joint venture, NCL Oslofjord, to operate the ammonia-powered ship Yara Eyde on routes between Norway and Germany from 2026.The project has been awarded just over NOK 40 million (US$3.
Two Chinese icebreaker research vessels and a cargo ship set sail on Wednesday for the Antarctic with more than 460 personnel on board to help complete construction of China's fifth station on the world's southernmost continent.China's biggest flotilla of research vessels deployed to the Antarctic will focus on building the station on the rocky, windswept Inexpressible Island near the Ross Sea
Fort Lauderdale, Fla. based SEACOR Holdings Inc. announced it has signed a definitive agreement to sell its inland river transportation and logistics business to Ingram Barge Company LLC, a division of Nashville-based Ingram Marine Group.Part of the SEACOR family of businesses for over two decades, Inland River Transport Holdings LLC (SCF) includes more than 1,000 covered dry cargo hopper barges
Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai's DP World to develop container shipping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin.The deal with one of the world's top port operators is the most tangible sign yet of Moscow's ability to attract big international partners to help it realise its ambitious plans
An oil tanker confiscated by the United States for carrying Iranian oil and diverted to the U.S. Gulf Coast, was headed to the Bahamas on Wednesday under a new name, ship tracking data showed.The tanker Suez Rajan was the subject of attention this year for carrying more than 980,000 barrels of contraband Iranian crude oil, which was confiscated by the U.S. in a sanctions enforcement operation.