Louisiana-based maritime financing company Maritime Partners on Monday announced it has completed its acquisition of e1 Marine, a company that produces hydrogen generation technology for the marine sector.Originally formed as a partnership between Mari...
Read more
US Supreme Court Curbs Federal Agency Powers, Overturning Chevron Deference
The U.S. Supreme Court dealt a major blow to federal regulatory power on Friday by overturning a 1984 precedent that had given deference to government agencies in interpreting laws they administer, handing a defeat to President Joe Biden's administrati...
Read more
Centurion Bulk Acquires Integrity Bulk
Singapore headquartered dry bulk shipping company Centurion Bulk announce it has acquired Danish handysize operator Integrity Bulk.The takeover will be effective from July 31, 2024, subject to the finalization of the transaction, Centurion Bulk…
Read more
Wilson Orders Eight More Vessels
European short-sea shipping company Wilson ASA announced it has ordered eight 6,300 dwt general cargo vessels, extending its newbuild program to 14. The ships will be built by Indian shipbuilder Cochin Shipyard.The 14 new ships, including the six 3…
Read more
Keel Laid for Stena Line’s First NewMax Ship
A keel laying ceremony was held on Friday for the first of two all-new NewMax hybrid RoPax vessels being built for Stena Line at the China Merchants Jinling Shipyard in WeiHai, China. At the same time, the ferry’s name was disclosed: Stena Futura.These...
Read more
Hanwha Ocean Names New Head of Offshore Engineering
Hanwha Ocean announced it has hired Bram Van Cann as its new head of engineering for its offshore business.Bram brings to the role extensive expertise in the offshore and renewable energy sectors, with more than two decades of experience at SBM Offshor...
Read more
BIMCO: Container Shipping Market Strength Predicated on Red Sea Re-Routing
Niels Rasmussen, BIMCO’s Chief Shipping Analyst, reports that ship supply is expected to grow on average 10.3% in 2024 and 5.3% in 2025. After increasing in 2024, sailing speeds are expected to reduce in 2025.Attacks on ships in the Red Sea…
Read more
Esgian Week 26 Report: Drilling Activity is High
Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship…
Read more
Interferry Calls for CII Fleet-Balancing Mechanism
Interferry Director of Regulatory Affairs Johan Roos has announced that the organization has drafted an alternative compliance mechanism to the CII that will be submitted to MEPC 82, to be held September 30 - October 4.CII is a shipping industry…
Read more
Crew Safe after Incident Southwest of Yemen’s Al Mukha
The United Kingdom Maritime Trade Operations (UKMTO) said on Sunday it had received a report of an incident 13 nautical miles southwest of Yemen's Al Mukha, but that the vessel and its crew were safe.An UKMTO advisory note said a merchant vessel had re...
Read more