The US Federal Maritime Commission (FMC) has announced that the Premier Alliance Agreement (No. 201435) can take effect on February 9, 2025.The Premier Alliance is replacing THE Alliance, but does not include Hapag-Lloyd which instead entered…
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Odfjell Reports Record Year Despite Market Softening
Norwegian tanker company Odfjell has reported its results for the preliminary full-year and fourth quarter of 2024 indicating a record strong year.The company has continued to perform well in the final quarter of the year despite a slightly softer market.
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Large Wreckage Removed from Potomac River
The U.S. Army Corps of Engineers (USACE), Baltimore District, the U.S. Coast Guard (USCG) and U.S. Navy’s Supervisor of Salvage and Diving (SUPSALV), have removed all the major components of the American Airlines regional jet and U.S. Army Black…
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GTT and COSCO to Cooperate on Training and Shipbuilding
GTT, COSCO Shipping LNG Investment (Shanghai) and COSCO Shipping Heavy Industry have signed a strategic cooperation agreement for the construction of LNG carriers.The three parties have agreed to carry out an in-depth partnership in the fields of LNG c...
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JettyLight to Acquire Historic Ferry for Maryland
JettyLight LLC has announced plans to acquire the historic Oxford-Bellevue Ferry Service and the TALBOT Ferry.The acquisition underscores JettyLight’s commitment to preserving maritime heritage while enhancing ferry operations for the communities…
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Chinese Vessel Orders Shoot Beyond $123B, Veson Nautical Finds
Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese newbuilding vessel orderbook has topped $123 billion in 2024, with container ships making around 38% of total vessel orders.Using...
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DOF Gets Two Subsea Services Contracts in Asia Pacific
Norwegian offshore supply vessel operator DOF Group has secured two subsea contract awards in the Asia Pacific (APAC) region.The first of the recent subsea service contracts secured in the APAC region will utilize the DSV Skandi Singapore with…
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Fincantieri Bags Multi-Billion Dollar Cruise Ships Order from Norwegian Operator
Fincantieri and Norwegian Cruise Line Holdings (NCL) have signed a multi-billion dollar agreement for the construction of four new cruise ships.With a gross tonnage of approximately 226,000 tons, the new units will be the largest ever built…
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AiP Granted for Low-Pressure Coastal Liquefied CO2 Carrier
Mitsubishi Shipbuilding and Nippon Gas Line have jointly acquired Approval in Principle (AiP) from ClassNK for a low-pressure liquefied CO2 (LCO2) carrier to serve in coastal transportation.Demand for LCO2 carriers is expected to grow in tandem…
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Report: EU Needs More Action on Decarbonization
The newly released European Maritime Transport Environmental Report 2025 highlights progress made in sustainable maritime transport but challenges still persistAccording to the report, the sector is making progress towards greater sustainability…
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