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.
Australia said a security review of a 99-year lease held by Chinese company Landbridge on the northern port of Darwin, a key focus of its defense strategy, found it was "not necessary to vary or cancel the lease".In a statement, the prime minister's department said: "Australians can have confidence that their safety will not be compromised
Ukrainian officials said Russia struck Ukrainian port infrastructure and grain storage facilities on Tuesday, but also reported some progress on the front lines in the three-month old counteroffensive by its forces.President Volodymyr Zelenskiy spoke of "good details" from the front without further explanation and said Ukraine clearly understood where to apply pressure to make it felt in Moscow.
Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port
New Orleans-based Maritime Partners has reached a deal to acquire AMSC subsidiary American Tanker Holding Company, which owns a fleet of 10 Jones Act tankers.Maritime Partners' newly formed Project Merchant Acquisition arm signed a share purchase agreement with Oslo-listed AMSC to acquire AHTC for an enterprise value of $746.7 million. AMSC will receive $249.
Future Proof Shipping's inland container vessel FPS Waal has arrived at Holland Shipyards Group's yard in Werkendam, the Netherlands for the start of its conversion to enable operations on zero-emissions hydrogen power.Building upon the foundation laid by Future Proof Shipping's previously converted FPS Maas—now H2 Barge 1—all the vessel’s internal combustion engines will be removed and a new
Not every vessel in the U.S. Navy is built for major combat operations on the high seas. There are large numbers of boats and service craft that provide essential services to the sea services, the nation and its partners.The U.S. Navy procures about 100 small boats per year. Some of these boats are based on commercial designs
Dutch shipping company Future Proof Shipping (FPS) on Thursday officially launched the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1, in Rotterdam, the Netherlands.Earlier in the week, Nike introduced the H2 Barge 1 at its European Logistics Campus in Laakdal, Belgium.
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business, which generated more than 7 billion euros in revenue last year and employs 13,500 people.
A commercial fishing vessel that caught fire while moored in Tacoma, Wash. this weekend is now listing heavily to port as responders continue to battle the dayslong blaze.Fire broke out on board the factory trawler Kodiak Enterprise early Saturday morning, progressing throughout the ship while moored at Trident Seafoods in the Hylebos Waterway, according to the U.S. Coast Guard.
U.S. construction materials firm Vulcan Materials Co said on Monday that Mexican security forces illegally took possession last week of its port terminal in southern Mexico, as an extended legal battle over its nearby limestone mining activities plays out.The incident took place last Tuesday night at the terminal in the popular tourist hub of Playa del Carmen
The demand for warships is strong, and the Navy continues to receive support from the Congress to build more ships. The Navy is working to achieve a fleet of about 355 ships, plus a fleet of about 150 unmanned vesselsBut to achieve something close to that goal requires more than demand, and even more than money.