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KKR, Mitsui OSK Said Among Bidders in €1.5 Billion LBC Tank Sale
Shipping

KKR, Mitsui OSK Said Among Bidders in €1.5 Billion LBC Tank Sale

US private equity firm KKR & Co. and Japanese shipping company Mitsui OSK Lines Ltd. are among bidders for bulk liquid storage company LBC Tank Terminals,

3 mins ago
Total Views: 0

Friday, November 22, 2024
London Gateway Tapped as Gemini Cooperation’s UK Hub as Felixstowe Misses Out
Ports

London Gateway Tapped as Gemini Cooperation’s UK Hub as Felixstowe Misses Out

Maersk and Hapag-Lloyd have selected London Gateway as their primary UK hub for the upcoming Gemini Cooperation, set to launch on February 1, 2025. As part of

15 hours ago
Total Views: 593

aerial view of the port of manzanillo
Shipping

China-Mexico Trade Hits Record Volumes, But Volatility Looms in 2025

The China-Mexico trade route has experienced unprecedented growth in 2024, with shipping volumes surging 18.9% in the first nine months compared to 2023,

19 hours ago
Total Views: 640

Arctic LNG 2 employee overlooking the Belokamenka construction yard. (Source: Novatek)
Energy

Lights Dim at Giant Russian LNG Construction Facility as Energy Sanctions Bite

Activity appears to have slumped at Russia’s only construction yard for liquefied natural gas modules, another sign of how Western sanctions are thwarting

19 hours ago
Total Views: 5458

The picture provided by The Finnish Border Guard shows Finnish Border Guard's offshore patrol vessel Turva guarding on October 11, 2023 at sea near the place where damaged Balticconnector gas pipeline is pinpointed at the Gulf of Finland. Lehtikuva/FINNISH BORDER GUARD via REUTERS
News

Sabotage Suspicions: Sweden’s Navy Investigates Baltic Sea Cable Damage

Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage

21 hours ago
Total Views: 1696

STS cranes at APM Terminals' Port Elizabeth Terminal, at the Port of New York and New Jersey. Photo: Mihai_Andritoiu/Shutterstock
Shipping

U.S. Coast Guard Sounds Alarm on Cyber Threats from Chinese Port Cranes

The U.S. Coast Guard has issued a new cybersecurity directive targeting Chinese-manufactured ship-to-shore cranes, addressing mounting concerns over national

21 hours ago
Total Views: 1939

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Friday, November 22, 2024
A bird's-eye view of ships along the coast in Singapore July 9, 2017. REUTERS/Jorge Silva/File Photo
Shipping

Nut Allergy? Singapore and Rotterdam Ships Hit by Cashew-Related Failures

Several ships in Singapore and Rotterdam reported operational problems in recent months after using marine fuel blended with cashew nutshell liquid biofuel,

21 hours ago
Total Views: 1427

Aerial view of containerships at the port of Southampton
Shipping

FAK Fantasy: Carriers Struggle to Keep Rates Afloat

Container spot rates were largely unchanged for a third consecutive week, as it became evident that a 15 November rate hike on Asia-Europe trades had failed to

22 hours ago
Total Views: 469

Russia Resumes Ship-to-Ship LNG Transfers Ahead of EU Transshipment Ban
Energy

Russia Resumes Ship-to-Ship LNG Transfers Ahead of EU Transshipment Ban

Transshipments of liquefied natural gas have resumed in Russia’s Arctic off Kildin Island near Murmansk. The restart comes around a month earlier than during

November 22, 2024
Total Views: 1392

Thursday, November 21, 2024
Arleigh Burke-class guided-missile destroyer USS Lassen (DDG 82), left, takes on fuel from Military Sealift Command (MSC) fleet replenishment oiler USNS Guadalupe (T-AO 200) off the coast of Southern California during an underway replenishment (UNREP). U.S. Navy Photo
Defense

A Sea Change: Navy Unveils Plan to Rescue Military Sealift Command Amid Mariner Shortage

Secretary of the Navy Carlos Del Toro has approved a comprehensive plan to revitalize the Military Sealift Command (MSC) and strengthen fleet logistics support

November 21, 2024
Total Views: 7236

Oceanus Aurora, a Very Large Gas Carrier (VLGC) chartered by Borealis, with Norsepower Rotor Sails™? (NPRS).
Environment

Wind Propulsion Technology Gains Momentum in Maritime Industry as Two Major Projects Advance

Wind-assisted propulsion is making substantial inroads into the gas-carrier segment with two groundbreaking projects. Norsepower and IINO LINES have

November 21, 2024
Total Views: 889

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Thursday, November 21, 2024
M/V Mona Manx file photo
Accidents

MAIB: Fatal Mooring Line Accident Reveals Gaps in Safety Protocols

U.K. Marine Accident Investigation Branch (MAIB) has released its report into a fatal accident** aboard the Isle of Man-registered bulk carrier Mona Manx,

November 21, 2024
Total Views: 3093

Illustration of VARD 3 32 design Walk-to-Work vessels
Shipbuilding

VARD Secures Major Contract for Five Advanced Walk-to-Work Vessels in Offshore Energy Sector

VARD has secured a contract to design and construct five state-of-the-art Walk-to-work vessels for an international client. The vessels, based on the VARD 3 32

November 21, 2024
Total Views: 1397

FILE PHOTO: Shipping containers are stacked for storage at Wando Welch Terminal operated by the South Carolina Ports Authority in Mount Pleasant, South Carolina, U.S. May 10, 2018. Picture taken May 10, 2018. REUTERS/Randall Hill/File Photo
Ports

US Ports Sector Outlook Stable for 2025 Despite Economic Headwinds, Moody’s Reports

The US ports sector is poised for a year of modest growth in 2025, according to a recent Moody’s Ratings report. Despite facing economic challenges, the

November 21, 2024
Total Views: 455

The LNG-powered containership, the CMA CGM, on the river Elbe near the city of Hamburg, Germany, February 14, 2021. Photo: FrankHH / Shutterstock.com
Shipping

Container Shipping Hedges Green Transition With Dual-Fuel Vessel Orders

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash

November 21, 2024
Total Views: 230

Adani Group Chairman Indicted in $250 Million Bribery Scandal
Ports

Adani Group Chairman Indicted in $250 Million Bribery Scandal

Gautam S. Adani, chairman of the Adani Group and a key figure in India’s ports and shipping sector, has been indicted along with seven other senior

November 21, 2024
Total Views: 517

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Thursday, November 21, 2024
Independence-class littoral combat ship USS Mobile (LCS 26) conducts a Maritime Cooperative Activity with Philippine Navy’s Gregorio del Pilar-class patrol ship, BRP Ramon Alcaraz (PS 16), in the South China Sea, July 31, 2024.
Defense

U.S. Sets Up Task Force to Back Philippines in South China Sea

The U.S. military is supporting Philippine operations in the South China Sea via a special task force, a U.S. embassy official said on Thursday, an initiative

November 21, 2024
Total Views: 633

General cargo ship on the horizon at sunset
Shipping

Australia Bans Dutch Cargo Ship for 180 Days Over Repeated Safety Violations

The Australian Maritime Safety Authority (AMSA) has issued a 180-day ban on the Netherlands-flagged general cargo ship Marsgracht, prohibiting its entry into

November 21, 2024
Total Views: 956

Oil Tanker Bridge
Shipping

UK Cracks Down on Russian Oil Sanctions Evasion: New Advisory Targets Falsified Origin Certificates

The UK’s sanctions enforcement agency said it has identified cases where falsified documents are being used to evade a Group of Seven price cap on Russian

November 21, 2024
Total Views: 384

Wednesday, November 20, 2024
French frigate escort. Photo: EUNAVFOR
Shipping

Container Shipping Industry Sees Exponential Profit Surge Driven by Red Sea Situation

The container shipping industry has experienced a remarkable turnaround in the third quarter of 2024, with total net income soaring to $26.8 billion, marking a

November 20, 2024
Total Views: 2071

an overhead view of port of los angeles docks
Ports

Cargo Surge Continues at Port of Los Angeles

The Port of Los Angeles handled an unprecedented 905,026 Twenty-Foot Equivalent Units (TEUs) in October—marking a significant 25% increase from the previous

November 20, 2024
Total Views: 756

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