Ukraine has sent an appeal to the UN and Turkey to start negotiations on extending a grain export deal, but so far there has been no response, a Ukrainian government source said on Tuesday.Yuriy Vaskov, Ukraine's deputy minister of restoration…
Read more
Singapore’s Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine
Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals.
Read more
World Trade Boom Keeps De-globalization at Bay
Globalization may have peaked, but the resilience of world trade in the face of mounting headwinds means a reversal of the past three decades is not inevitable.Since the COVID-19 pandemic and Russia's invasion of Ukraine shattered global supply chains…
Read more
Maersk Connector Cable Layer to Stay with Seaway 7 Until 2025-end
Maersk Supply Service's cable-laying vessel Maersk Connector has secured a contract to continue operations on behalf of Seaway 7 until December 31, 2025.The extension follows a successful first year of working on Seaway 7’s projects in both Taiwan and ...
Read more
India Bans Oil Tankers, Bulk Carriers Older than 25 Years
India has withdrawn trading licenses for oil tankers and bulk carriers that are more than 25 years old, its shipping regulator said, as the world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet.
Read more
Belships Acquires Three New Bulk Carries
Norway-based Belships announced it has entered into agreements for the acquisition of three new Ultramax bulk carriers. The 64,000 dwt vessels are currently being constructed at Japanese shipyards and are scheduled for delivery in Q4 2024, Q4…
Read more
YSA Design Forms New Sustainability Division
YSA Design, an architect and design studio for cruise ship interiors, announced it has formed a division to improve sustainability across its internal operations and cruise projects.The Norway-based firm said it has appointed Fabiana Vale Dornelas…
Read more
Hornbeck Buys Six OSVs from Edison Chouest
Covington, La.-based offshore vessel owner Hornbeck Offshore Services has reached a deal to acquire six offshore supply vessels (OSV) from an affiliate of its peer Edison Chouest Offshore.Hornbeck announced Monday it entered into a definitive…
Read more
Italy Urges ‘Stop’ to Migrant Boats as Shipwreck Death Toll Hits 63
Rescuers recovered four more bodies on Monday, a day after a wooden sailboat carrying migrants to Europe smashed onto rocks in stormy weather off southern Italy, bringing the death toll to 63, including at least 14 children.Rescuers said most of the mi...
Read more
Crane for US-built WTIV Charybdis Heads to Texas
The crane for the first ever U.S.-built wind turbine installation vessel (WTIV) is on its way to America.The 2,200mt Huisman leg encircling crane has been loaded onto BigLift Shipping's Happy Star for shipment to the Keppel AmFELS shipyard in Brownsvil...
Read more