Wallenius Wilhelmsen has signed a multi-year shipping contract with an undisclosed automotive manufacturer worth $580 million.The new contract has a duration of three years and three months with commencement on January 1, 2025.The contract has…
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Ship Recycling Markets See a Little Action
This week has seen about USD 10/LDT gained across the board in ship recycling markets, says cash buyer GMS, and Bangladesh has leapfrogged India for pole position including the purchases of two Panamax bulk carriers in the USD 470s/LDT.“Although…
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Russian, Indonesian Navies Hold Joint Drills
Russian and Indonesian ships practiced freeing a vessel captured by terrorists and fought unmanned boats during the first joint naval exercises between the two countries in the Java Sea, Russia's RIA state news agency reported on Monday.The joint exerc...
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Seatrium Adds Heavy Lift Vessel to Project Schedule
Seatrium has signed a Letter of Intent (LOI) with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a 5,000t fully-revolving heavy lift vessel project for the Japan wind market.Subject to the final investment decision b...
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NZ Prime Minister Accused of Being Cryptic on Live Export Restart
New Zealand animal welfare group SPCA is critical of New Zealand Prime Minister Christopher Luxon, saying he has refused to provide answers about his plans to restart the export of live animals by sea.A ban was implemented by the previous government…
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Stena Launches Meatball Revolution
By replacing half of the meat in their meatballs with yellow pea mince, Stena Line aims to reduce meat consumption by 35 tons next year.The company hopes the change will go unnoticed. The 50/50 meatballs will have half of the meat from their…
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China, Indonesia ink Multiple Pacts on Maritime, Mining
Chinese President Xi Jinping signed multiple cooperation deals with his Indonesian counterpart Prabowo Subianto on Saturday, Chinese state TV CCTV reported, as the two countries seek increased partnerships in key areas.The deals covered issues includin...
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Panama Canal Eyes Doubling Container Transits
The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal's chief told a maritime conference.The authority, which has an $8 billi...
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Remote Inspection: DLS Sends in the Drones
[ to deep, dark & confined spaces ]DLS Marine received approval from ABS for remote inspection, and it is leveraging advanced drone + software tech to make the process of tank inspection more efficient and less dangerous.DLS Marine is a long-tenured na...
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ACP: Panama Canal Could Double Box Transits
The Panama Canal Authority could double in coming years the number of containers that move through the key East-West commercial waterway, the canal's chief told a maritime conference on Friday.A cargo-consolidation plan will seek to increase container ...
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