New vessel’s performance exceeds efficiency expectations, says Damen.Recently, the first in series Damen Shrimp Trawler 2607 successfully completed its sea trials in the Port of Hamriya, UAE. Damen has designed the new vessel for the next generation of...
Read more
Hapag-Lloyd orders 24 Newbuild Boxships
Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yan...
Read more
Analysts: Trump Hardening Iran Policy Might Not Stem Flow to China
Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer…
Read more
OEG Renewables Orders Another CTV from Strategic Marine
Singapore-based shipbuilder Strategic Marine has secured an order for a next-generation crew transfer vessel (CTV) from OEG Renewables, part of the OEG Energy Group, destined to operate in Taiwan.The vessel, named Wey Feng, will be the fourth…
Read more
Chevron Expands Lubricant Supply to Port Elizabeth
Chevron Marine Lubricants has extended its global supply capacity to include Port Elizabeth, South Africa, to serve vessels avoiding current conflict areas.Chevron’s current range of marine engine lubricants, including the Taro Ultra range,…
Read more
FMC Seeks Public Comment on Container Shipping Alliance Agreement
The US Federal Maritime Commission (FMC) has opened a 15-day comment period for members of the public to comment in response to a newly filed vessel sharing agreement between Ocean Network Express (ONE), Hyundai Merchant Marine (HMM) and Yang Ming Mari...
Read more
Lakes Limestone Trade Down in October
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, a decrease of 13.1 percent compared to a year ago. Limestone cargos were also below the month’s 5-year average by 9.6 percent.The Lake Carriers' Association, the U.S.-flag G...
Read more
PIL Orders Five More Dual-Fuel LNG Container Ships
Pacific International Lines (PIL) has ordered another five 9,000 TEU dual-fuel LNG container vessels.The vessels will be built by one of China’s leading shipbuilders, Hudong-Zhonghua Shipbuilding (Hudong-Zhonghua), with delivery expected in 2027 and 20...
Read more
WSC Welcomes Incoming EU Transport Commissioner
The designated European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, will play a pivotal role in securing supply chains and decarbonising the shipping sector, and the World Shipping Council (WSC) welcomes the opportunity…
Read more
Suez Canal Looks to Expand
Suez Canal Chairman Gamal El-Dein says Canal Economic Zone set for rapid expansion.Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few year...
Read more