A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week as planned following a move by the U.S. Federal Maritime Commission to study the potential competitive impacts of the arrangement.The FMC said on Friday it is seeking more information to determine the potential competitive impacts of the proposed Gemini Cooperation
Yemen's Houthis said early on Sunday that they had conducted a joint military operation with the Islamic Resistance in Iraq militant group, targeting four ships at Israel's northern Haifa port.The Houthi military spokesperson, Yahya Saree, said in a televised statement that the two groups launched a drone attack on two cement tankers and two cargo ships at the Haifa port on Saturday.
President Biden on Wednesday signed an Executive Order aiming to strengthen cybersecurity at U.S. ports amid growing threats to America's vital maritime supply chains.The directive bolsters the Department of Homeland Security’s authority to address maritime cyber threats, including through the creation of new standards to ensure the security of networks and systems throughout the nation’s marine
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
Yanmar Power Technology Co., Ltd. (YPT), a subsidiary of Yanmar Holdings Co., Ltd., has embarked on the development of a hydrogen-fueled four-stroke high-speed engine for power generation for coastal vessels in Japan as part of the Nippon Foundation’s zero emission ship demonstration experiment. The engine utilizes hydrogen as a fuel, emitting no CO2 during combustion.
Maersk Tankers confirmed an order for up to 10 very large ammonia carriers (VLAC) has been placed with Hyundai Samho Heavy Industries in Korea. Mitsui & Co., Ltd. will join as a co-investor in the first four vessels. The vessels will be operated by Maersk Tankers.The 93,000 cbm newbuilds will be among the largest ammonia carriers in operation, capable of carrying a full cargo of ammonia.
Japan-based Mitsui O.S.K. Lines, (MOL) and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV).As TSSM's second Taiwan-flagged SOV, following Asia's first, the TSS Pioneer, which was delivered in 2022
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a very large crude carrier (VLCC).
Japan's NYK Line said Thursday its NYK Bulk & Project Carriers Ltd. (NBP), Oshima Shipbuilding Co., Ltd. (OSHIMA), and Sumitomo Corporation (SUMITOMO) had signed a memorandum of understanding to study, design, and construct the world’s first Handymax bulk carrier (ammonia dual fuel type) dedicated to the transport of copper products, that will reduce CO2 emissions to zero.
Brazilian mining firm Vale will install five Rotor Sails from Anemoi Marine Technologies Ltd (“Anemoi”), a supplier of wind-assisted propulsion technology for commercial vessels, onboard a 400,000 dwt Valemax, the world’s largest ore carrier. The vessel is owned by Omani shipowner, Asyad.Five 35-meter-tall, 5-meter-diameter cylindrical sails will be installed on the Sohar Max VLOC.
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
German container shipping giant Hapag-Lloyd on Monday welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg.