Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper's interest to make a counter offer for HHLA, the main operator of Hamburg port, and may instead cut its traffic through the hub.On Wednesday, Switzerland-based MSC, the world's biggest container shipping company, offered to buy almost half of the port operator in a deal that could be worth nearly 1.
Iran's Revolutionary Guards' navy has unveiled new vessels equipped with 600-km range missiles at a time of rising tensions with the U.S. in the Gulf, the semi-official Tasnim news agency reported on Wednesday.The announcement was made during a military exercise off the coast of Abu Musa island, one of three Gulf islands under Iranian control but disputed by the United Arab Emirates.
The Canadian Coast Guard has revealed big plans to invest in its fleet of small vessels.Joyce Murray, Minister of Fisheries and Oceans and the Canadian Coast Guard, on Thursday announced $2.5 billion CAD (roughly $1.8 billion USD) for the construction of up to 61 new small vessels and the ongoing replacement of small craft, barges and workboats within the Canadian Coast guard fleet.
A U.S. appeals court on Tuesday rejected a lawsuit filed by environmental groups challenging federal approvals needed to construct a $39 billion project that would move natural gas from Alaska’s North Slope across the state.A three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia said the U.S.
WTIVs have always been fuel-hungry. Now they are being tasked with installations that are further, deeper and heavier.Offshore wind farms continue their march into deeper water, further from shore, with turbines that can now reach more than 270 meters high with blades 120 meters long.
Four mariners were rescued in dramatic fashion from a tugboat that was sinking in Sabine Pass, Texas, on Friday.The U.S. Coast Guard said its watchstanders at Sector Houston-Galveston command center were notified at 5:38 a.m. that the crew of the 71-foot tug Sea Cypress hailed mayday on VHF-FM channel 13 and reported they were capsizing while moored near the mouth of the Sabine Pass channel.
Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin on a possible extension to a deal allowing the safe export of grain from Ukraine's Black Sea ports, the Russian diplomatic mission in Geneva said.The Black Sea grain initiative, brokered between Russia and Ukraine by the United Nations and Turkey last July
The Grimaldi Group announced it has exercised its option for the construction of five additional ammonia-ready 9,000 CEU car carriers from China Merchants Heavy Industries Jiangsu, part of China Merchant Industry Holdings (CMI).Grimaldi announced its initial order for five new pure car and truck carrier (PCTC) vessels from CMI in October.
Shipping companies are still waiting for "real green" fuel solutions as part of decarbonization efforts to clean up the industry, a leading industry official said.Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under growing pressure from environmentalists to deliver more concrete action, including a carbon levy.
Responders are working to minimize environmental damages from a cutter suction dredge that capsized in the Mississippi River near Meraux, La. on Monday.The U.S. Coast Guard said its watchstanders at Sector New Orleans were notified at 12:50 a.m. that the dredging vessel W.B. Wood capsized in the vicinity of mile marker (MM) 85.
Germany may allow China's Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source on Tuesday described as an "emergency solution" to approve the deal but mitigate the impact.Shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's three terminals in Germany's largest port
SAAM Towage announced it has closed an agreement with Teck & Neptune Terminals that will allow the deployment of the first two electric tugs to its fleet.The ElectRA 2300SX tugs are designed by Vancouver-based Robert Allan Ltd. and will be built at Sanmar Shipyards in Turkey.Scheduled for delivery during the second half of 2023