U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S.
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.The gas had kept flowing despite nearly three years of war, but Russia's gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused to renew a transit agreement.
Ships carrying Russian liquefied natural gas (LNG) to Asia are returning to the longer routes around Africa's Cape of Good Hope rather than those along the Arctic shore as the winter season begins, LSEG data showed on Thursday.Russia's new Arctic LNG 2 project also lacks enough ice-class gas carriers to continue navigation along the Northern Sea Route, although some such tankers still sail it.
A ferry loaded with fuel tanks sank in the Russian port of Kavkaz in southern Krasnodar region on Thursday after a Ukrainian attack, local authorities said.The ferry carrying 30 fuel tanks, as confirmed by Fyodor Babenkov, district head of the town of Temryuk which includes the port, sustained significant damage as a result of the attack, which caused a fire.
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter.
At least nine of the 16-member crew of a Comoros-flagged oil tanker that capsized off Oman on Monday have been rescued while one was found dead, officials said on Wednesday, two days after the incident was first reported.The Prestige Falcon, a 117-meter oil product tanker, was heading to the Yemeni port of Aden with a crew of 13 Indians and three Sri Lankans when it capsized off Oman's major
Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen's Houthis, leading industry groups said on Wednesday, after the sinking of a second ship.Iran-aligned Houthi militants first launched drone and missile strikes on the important trade route in November in what they say is solidarity with Palestinians in Gaza.
Yemen's Houthis on Friday said they targeted two vessels in the Red Sea with drones and missiles, but there was no independent confirmation of the purported attacks.The group targeted the Elbella and AAL Genoa vessels with "a number of drones and ballistic and naval missiles", the Iran-aligned group's military spokesman Yahya Saree said in a televised speech.
India's ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic provider.Major insurers and ship engine makers have already withdrawn cover for Russia's tanker fleet
The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on Wednesday, adding that discussions with Iranian authorities are in progress to secure their earliest release."We are also working with the Iranian authorities to have the cargo discharged," the Swiss headquartered company said in a statement.
Vuyk Engineering Rotterdam launched its new Small Waterplane Area Twin Hull (SWATH) Service Operation Vessels (SOVs) series.A standout projects in the Vuyk Engineering portfolio is the Groenewind, the world's first DP2 twin-hulled SWATH SOV. Developed in collaboration with DEME, this vessel is designed to operate efficiently in high sea states
Pangaea Logistics Solutions Ltd., announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash.The deal is expected to be completed by November 1, 2024. It will see Pangea own 100% of the equity in Nordic Bulk Partners