ElbFeeder, a joint venture of the Icelandic transportation company Eimskip and German listed ship-owner Ernst Russ, signed contracts for a pair of 2,280-TEU container vessels with the shipyard China Merchants Jin Ling Shipyard (Nanjing) Co. Ltd. The newbuildings will be an addition to the ElbFeeder joint venture and expand it to a total of nine vessels.
Saipem reports it has successfully completed its designated scope of work for the development of the Yellowtail field, operated by ExxonMobil Guyana Ltd., locatedin approximately 1,800m of water within the Stabroek Block offshore Guyana.Awarded the contract in 2022, Saipem undertook the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilical, Riser
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a
The fire fighting operation is ongoing onboard the Singapore-registered container vessel Wan Hai 503, off the coast of India, as search and rescue operation for the four missing crew continues.A fire broke out on Wan Hai Lines (Singapore) Pte Ltd.-managed container ship Wan Hai 503 on June 9 off India’s Kerala coast, following multiple explosions that forced several crew members to jump overboard.
A fire onboard the Singapore-registered container ship Wan Hai 503 has erupted earlier on Monday off India’s Kerala coast, the Maritime and Port Authority of Singapore (MPA) reported, injuring several crew members and leaving four unaccounted for as Indian Coast Guard and Navy launch search and rescue operations.The incident occurred on June 9, 2025 at about 12.
Mitsubishi Shipbuilding christened and launched the first of two large car ferries ordered by Shinnihonkai Ferry Co., Ltd. and Japan Railway Construction, Transport and Technology Agency (JRTT). The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture.
The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be lifted out of the water next month after its mast is dismantled, people close to the matter said on Tuesday.The recovery of the British-flagged Bayesian, lying on its right side at a depth of around 50 metres (164 feet)
The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran on Saturday in Oman.
The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors.USTR said in a January 16 report on a probe launched during the administration of former President Joe Biden that China increased its share of global
The trade of Russian oil for March-loading in Asia has slowed significantly as a growing gap between buyer and seller expectations in China has emerged. This disconnect comes amid rising costs for chartering non-sanctioned tankers following new U.S. sanctions, according to traders and shipping data.
German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T)
Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group, while the other 12, with a capacity of 9,200 TEU each, will come from New Times Shipbuilding Company Ltd.