CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal was conducted by the Jones Act private sector U.S. maritime industry. The FSK collapsed at about 1:28 a.m.
This episode of Maritime Matters: The MarineLink Podcast, delves into the critical importance of the inland waterways infrastructure in the U.S., focusing on the Chickamauga Lock Project on the Tennessee River. A trio of experts – Tracy Zea, President & CEO of WCI; Elizabeth Burks, USACE Nashville Division Chief; and Capt.
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove "debilitating" to the entire sector, industry officials and analysts said.The dockworkers began their first large-scale stoppage in nearly 50 years early on Tuesday
Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further."Over the weekend, the crew's ongoing firefighting has stopped the fire onboard from spreading further," Maersk said in an emailed statement.
Danish shipping company Maersk MAERSKb.CO said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts had intensified.(Reuters)
EnQuest completed the removal of the Heather Alpha topsides on August 11.The Allseas-owned Pioneering Spirit heavy lift vessel removed the 15,300 tonne topsides in a single lift, the largest single lift planned in the North Sea this year.EnQuest Decommissioning Director, John Allan, said: “The Pioneering Spirit completed the lift in around 14 seconds
A fire broke out onboard a Maersk container vessel off the coast of Liberia on Wednesday and the crew was still battling to put out the flames a day later, the Danish shipping group said on Thursday."The crew of the Marie Maersk detected smoke coming from containers onboard the vessel en route from Rotterdam, The Netherlands to Tanjung Pelepas, Malaysia," Maersk said.
Muddy Water Dredging’s new cutter suction dredge (CSD) Vaneta Marie “represents the future of dredging technology”, according to Bill Wetta, senior vice president, and chief technology officer of DSC Dredge, the Reserve, La. based company that built the dredge, and one of Maritime Reporter & Engineering News' 'Great Ships of 2024.