News Flash

Suez Canal restart won’t solve container shipping turbulence, warns Lars Jensen

Shippers should expect ongoing volatility in container shipping freight markets through 2025. According to Lars Jensen, CEO of Vespucci Maritime,...
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Samsung Heavy Industries Enters Offshore Wind Sector with Equinor

A long-term supplier to the offshore energy sector, Samsung Heavy Industries looks to leverage its expertise to expand into offshore...
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DP World selects Pledge to deliver carbon cutting metrics for MSP Underline

Pledge has been selected by logistics giant DP World to accurately measure the impact of its Modal Shift Programme (MSP)...
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ABS to support Al Shaheen field development

Genesis North America (GNA), as a major subcontractor of Offshore Oil Engineering Co., Ltd. (COOEC), has engaged ABS to support...
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India’s Ministry of Ports, Shipping and Waterways work on a new shipbuilding scheme

Ministry of Ports, Shipping and Waterways (MoPSW) is working on a new shipbuilding scheme, which would incentivise Indian shipyards till...
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South Korea and China battle for Hapag-Lloyd’s $5.4 bln container ship contract

Hapag-Lloyd, the world's fifth-largest shipping company by fleet capacity, has announced plans to order large container ships worth 7 trillion...
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India now depends on Russia for 40% of its crude oil imports

During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes...
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Accelerating the development of the “Middle Corridor” with new and expanded ports

Jan De Nul have been awarded two major contracts in Georgia and Kazakhstan. The first contract entails building a groundbreaking...
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Salvador Technologies Expanding its Cyber-Attack Recovery Platform in Maritime Sector and Shipping Industry

Salvador Technologies, the pioneering cyber-attack recovery platform provider for critical infrastructures and industrial organizations, today announced that the company is...
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Maersk continues with fleet renewal plan

In continuation of its fleet renewal programme initiated in 2021, A.P. Moller - Maersk (Maersk) is in the process of...
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PSC – The CIC 2024 questionnaire is now available, plus update on other campaigns

The Paris and Tokyo MoUs’ joint Concentrated Inspection Campaign (CIC) on Crew Wages and Seafarer Employment Agreements (SEA) under MLC...
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Tokyo Gas Invests in Portuguese Floating Wind Farm to Develop Expertise

Japan’s Tokyo Gas, the primary provider of natural gas to the main cities in the country, is expanding its investment...
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Norwind Offshore, Vard to Build First ‘Energy Construction Vessel’

Vard has signed a contract for an Energy Construction Vessel (ECV) with Wind Energy Construction, a Norwegian company partly owned...
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IMO Council steps up action on transparency and access to information

The IMO Council has decided to live-stream its plenary meetings and make its documents accessible to the public, in a...
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Capital Gas welcomes three new LNG carriers

Greek ship management service provider Capital Gas Ship Management has taken delivery of three newbuild LNG carriers from South Korean...
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Two Iranian northern ports receive 60% more trade vessels in 4 months to late July YOY

Iranian ports of Nowshahr and Fereydoonkenar, in the northern province of Mazandaran, have received 60% more trade ships during the...
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Cargo traffic at major Indian ports grows 5.92% to 70.08 MT in July 2024

Cargo traffic at 12 major ports in the country grew 5.92 percent to 70.08 million tonnes (MT) in July from...
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Vestdavit wins record multi-davit contract with Seaspan for Canadian Coast Guard vessels

Vestdavit has landed its biggest-ever order with a major contract to deliver high-specification davits for six Multi-Purpose Vessels to be...
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Cheniere and Galp sign long-term LNG sale and purchase agreement

Cheniere Energy, Inc. announced today that its subsidiary Cheniere Marketing, LLC, entered into a long-term Liquefied Natural Gas (“LNG”) sale...
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Cosco Shipping Specialized Carriers expands fleet with four new 9,000 DWT liquid cargo carriers

Cosco Shipping Specialized Carriers is expanding fleet with four new 9,000 DWT liquid cargo carriers, according to the company's release....
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