Taiwanese shipping firm Yang Ming Marine Transport Corp said one of its cargo ships caught fire on Friday at China's Ningbo-Zhoushan Port, one of the world's busiest.Earlier, Chinese state media said an explosion was reported at the port and shockwaves were felt a kilometer away.Yang Ming Marine Transport said a fire occurred on board the YM Mobility while it was operating in the port.
French shipping company CMA CGM and its business partners COSCO Shipping 601919.SS, Evergreen 2603.TW and OOCL said on Tuesday that they had agreed to extend their 'OCEAN Alliance' co-operation deal for another five years beyond 2027, to 2032.The 'OCEAN Alliance' partnership aims to help customers deal with their supply chains by offering up fast transit times and access to a wide range of ports
Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78.01 a barrel at 0726 GMT. The front-month U.S.
The Military Sealift Command’s Maritime Prepositioning Ships (MPS) and Auxiliary Crane Ships (ACS) were built 50 years ago to pre-position vehicles and supplies in forward locations and load or unload them in undeveloped or damaged port facilities. I serve with MSC’s Taluga Group, charged with finding innovative solutions to pressing problems.
U.S. importers are playing the waiting game with new container shipping contracts, gambling the rate spike from Red Sea vessel attacks will fade and put them in a stronger negotiating position, shipping industry analysts said.Iran-aligned Houthi missile and drone attacks on commercial ships in the Red Sea have forced most container carriers to reroute vessels around Africa and sent spot rates
Oceans worldwide hold untold riches hidden beneath the waves. Now treasure hunters are using cutting-edge technology to explore them, discovering some of history's most treasured sunken finds from Caribbean waters to Arctic depths rewriting maritime history and uncovering fortunes lost at sea.
Pacific International Lines (PIL) has launched its learning and development center of excellence, the PIL Academy, to provide training in maritime and transport logistics for all its employees.The academy aims to strengthen workforce capabilities and future proof careers. It will collaborate with organizations and technology partners to develop a holistic curriculum with accredited courses that
Signet Sirius, the first of two ART 92-32W Rotortugs was recently delivered by Signet Maritime at their Pascagoula Shipbuilding and Repair facility. This is the first ART Rotortug that Signet has built and operated in their fleet. Designed by Robert Allan Ltd. in collaboration with RotorTug BV, the Advanced Rotortugs (ART) incorporate the patented triple Z-drive Rotortug propulsion layout
Vigor Marine has been awarded a contract for a 93-calendar day shipyard availability for a mid-term availability of Military Sealift Command’s (MSC) hospital ship USNS Mercy (T-AH 19).The $21,198,656 firm-fixed-price contract includes a base period and options, which if exercised, would bring the cumulative value of this contract to $21,711,746. Vigor was the sole bidder for the project.
Preservation efforts are underway to renovate an 85-year old vessel known as “America’s Fireboat”.Designed by noted naval architect William Francis Gibbs and built in 1938 at United Shipyards on Staten Island, the vessel Fire Fighter would go on to serve a long and storied career before being decommissioned and eventually transferred to The Fireboat Fire Fighter Museum in 2013.
Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance RELI.NS set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.
Port Angeles, Wash. boatbuilder BRIX Marine has launched its newest pilot boat, Aldebaran, for a customer in Central America.The trailerable 11.3-meter-long rigid hull inflatable boat (RHIB) is powered by twin 300-horsepower Yamaha outboards with 3 bl 15.75" X 18" SS props.The boat's Naiad hull has a 23 degrees progressive deadrise,, 5086 alloy aluminum hull skins, D-shaped foam EV50 (approx.