The arrival of the dredger Willem Van Rubroeck in Ndayane has marked the start of maritime works for the $1.2 billion Port of Ndayane, a project led by Dubai-owned ports and logistics firm DP World, which aims to transform Senegal into a major center for global trade.The vessel will dredge a 5 km-long shipping channel - an essential step in building this high-capacity port designed to elevate
A new analysis from Windward reports a 20% decrease in the volume of direct oil voyages out of Russia in Q3 2024 compared to Q2.Q3 2024 marked the lowest monthly average of direct voyages from Russia to China since March 2023. When compared to Q2 2024 averages, there is a decrease of 12% in such voyages.
The IMO is celebrating World Maritime Day on 26 September by highlighting the importance of safety at sea in an era of significant transformations and new risks and 50 years since the adoption of the International Convention for the Safety of Life at Sea (SOLAS).SOLAS was first adopted in 1914, in response to the Titanic disaster.
A fire broke out on board a Madeira-registered containership moored at the Port of Colombo in Sri Lanka.The MSC Capetown III was berthed at Jaya Container Terminal (JCT) on Sunday when the fire erupted and eventually escalated to an explosion, the Sri Lanka Ports Authority (SLPA) said.
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies
Salvage operations were in high-gear on Thursday to prevent a potential oil spill and pollution along South Africa's west coast from a grounded general cargo vessel, authorities said.The Panama-flagged "Ultra Galaxy" ran aground close to Doring Bay, some 300 km north of Cape Town, late on Tuesday after it started listing badly.
Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—previously OSG’s largest shareholder—said it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.
Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs).Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações
The first towboat of 2024 passed through Lock and Dam 2, in Hastings, Minn. on Sunday, signaling the start of this year's navigation season on the Mississippi River.The U.S. Army Corps of Engineers' St. Paul District said it considers the first tow to arrive at Lock and Dam 2 as the unofficial start of the Mississippi River navigation season
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.
Smyril Line announced it has signed a contract with the CIMC Raffles shipyard in China for the construction of two new vehicle carrier vessels.The ro-ro ships will each be 190 meters in length with 3,300 lane meters for trailers. They have been designed in close cooperation with naval architects Knud E. Hansen for year-round seaworthiness in the North Atlantic.
Hanwha Ocean has secured an order worth approximately $250 million for two very large ammonia carriers (VLACs) for a shipowner in the Oceania region.Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, and will be equipped with eco-friendly technology, the South Korean shipbuilder said.