Hong Kong-headquartered shipping company Orient Overseas Container Line Ltd. (OOCL) welcomed to its fleet its first 24,188 TEU mega vessel, OOCL Spain, officially named at a ceremony held Thursday at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) in Nantong, China.The ultra-large containership is the lead vessel in a series of six OOCL ordered from NACKS in 2020.
Five mariners were rescued by the crew of a U.K. Royal Navy patrol ship after their tug started to sink in rough seas last week in the Caribbean.The oceangoing tug began taking on water after suffering an engine failure some 20 miles west of Sint Maarten. The vessel's crew sent out a distress call around 1 p.m. on Friday and took refuge on the large sand barge their vessel had been towing.
Japanese insurers are expected to continue providing marine war insurance which covers the sinking and requisition of ships due to war in Russian waters after Jan. 1, the Nikkei daily said on Thursday.Japan's Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance told shipowners last Friday that from Jan.
U.S. Supreme Court Justice Sonia Sotomayor on Thursday rejected a bid by a businessman to block his extradition to South Korea to face embezzlement charges that stemmed from a 2014 ferry sinking that killed 304 people.Sotomayor rejected Yoo Hyuk-Kee’s request to prevent his extradition from going forward while he appeals lower-court rulings rejecting his effort to avoid being sent to South Korea
COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to build a global digital supply chain for its customers. The Chinese shipping group said it would buy 14.9% of Shanghai International Port (Group) from its indirect controlling parent China COSCO Shipping Corp Ltd for 18.
The president of a U.S. maritime trade group has slammed a decision by the Biden administration to approve a temporary Jones Act waiver for vessels shipping oil and other essential commodities to Puerto Rico in the wake of hurricane Fiona.“Granting of this waiver rewards calculated and predatory behavior that undermines a dedicated American supply chain for Puerto Rico
Like swallows arriving in the spring, a chorus for Jones Act waivers can reliably be anticipated to accompany the annual parade of hurricanes across the geographical region covered by the Act. The logic: emergency situations dictate maximum emergency relief, and the Jones Act is perceived to be an obstacle to providing that relief. That perception is wrong.
A bulk carrier that collided with an LNG tanker off Gibraltar started leaking fuel oil, authorities in the British overseas territory on the southern tip of the Iberian peninsula said on Wednesday.The collision on Tuesday forced the closure of the Gibraltar port for four hours. It was later fully reopened.
An LNG tanker and a bulk carrier have collided off Gibraltar, leaving the latter beached, authorities in the British overseas territory on the southern tip of the Iberian peninsula said on Tuesday.The collision forced the closure of the port for four hours, but it has fully reopened, authorities said, while booms were being deployed around the beached vessel to prevent any potential fuel spill.
Dirk Lesko will assume the role of President of Irving Shipbuilding Inc., effective September 1, 2022, the Canadian shipbuilder announced.Ross Langley, Vice Chairman of Irving Shipbuilding, will continue as interim President until Lesko joins the company.Lesko retired in April 2022 as a Vice President of the General Dynamics Corporation and President of Bath Iron Works (BIW).
Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders.
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports, five industry sources with knowledge of the matter told Reuters.Losing access to refueling points in the Mediterranean Sea poses major logistical problems for Russian oil tankers going from Baltic ports to Asia and also creates safety