BC Ferries moves ahead on plan to build five new NMV ferries Canada's BC Ferries, which has had its share of problems with some of its oldest vessels, this month formally submitted its plan to build five New Major Vessels (NMVs) to the BC
Vigor awarded $55M LCS 10 contract Vigor Marine LLC, Portland, Oregon, has been awarded a $55,881,631 firm-fixed-price contract for the FY 2005 Docking Selected Restricted Availability (DSRA) maintenance, modernization, and repair of USS Gabrielle Giffords (LCS 10). The
CENTCOM forces strike multiple Houthi targets U.S. Central Command (CENTCOM) reports that U.S. forces conducted multiple precision strikes against Iran-backed Houthi targets in Sana'a and coastal locations within Houthi-controlled territory in Yemen, Dec. 30 and 31. On Dec.
Detyens wins $18.69M USNS Patuxent contract Detyens Shipyards Inc.,North Charleston, S.C., has been awarded an $18,690,259 firm-fixed-price contract (N3220525C4132) for a 131-calendar day shipyard availability for the regular overhaul and drydocking of Military Sealift Command's fleet replenishment oiler
Texas Ports Association releases new economic impact study Texas ports contribute more than $713.9 billion in economic activity for the state accounting for 28% of Texas' gross domestic product (GDP), further advancing ports as a catalyst for state economic growth
Trump Intensifies Threats Over Panama Canal Control Amid Concerns Over Chinese Influence and Maritime Security
Impact of Israeli Airstrikes on Yemen's Key Maritime Hubs
Trailer Axle Repair: How to Spot Damages and Fix Them What is the first thing you check on your trailer before peeling off the driveway? For most drivers, this only includes a handful of items like tire pressure, lights, and a quick brake check. While these things are important to ensure your safety on the road, there's one crucial part you might be neglecting-one that could mean the difference between reaching your destination safely and ending up
Mastering Crypto Trading Bot Strategies: Boost Your Profits with Automated Trading The world of cryptocurrency trading moves at lightning speed, making it challenging for traders to keep up. Enter cryptocurrency trading bots, automated software designed to execute trades based on pre-set criteria. These bots have become essential tools for traders aiming to maximize profits while minimizing manual effort. This post explores top strategies for using trading bots effectively, hel
Global liner reliability hits 2024 high in November Sea-Intelligence has released issue 160 of its Global Liner Performance (GLP) report, which provides detailed insights into schedule reliability across 34 trade lanes and over 60 carriers. This summary focuses on the global highlights from the report covering data up to November 2024.
Mexico increases trade barriers for Chinese imports Ocean rates out of Asia overall trended up slightly to end the year, but with the Lunar New Year (LNY) approaching and a range of January GRIs announced for the transpacific, container prices on these lanes could face upward pressure to start 2025. A seasonal decrease in demand starting later in February should see rates ease on the ex-Asia lanes, though Red Sea diversions will keep them elevated
Subsea 7 gets work on Turkish offshore gas field Offshore engineering and services player Subsea 7 has won a contract for the inspection, repair, and maintenance services for the Sakarya gas field development in the Black Sea from the Turkish Petroleum Offshore Technology Center. The contract scope includes project management and engineering executed and managed from Subsea 7 offices in Istanbul and Aberdeen. The ...
ADES seals second jackup rig deal in Thailand Saudi oil and gas driller ADES has secured its second contract in Thailand, marking the fourth redeployment of one of its suspended jackup rigs in the Kingdom. The deal, estimated at about $276m, covers a firm five-year term for the Admarine 503 rig with a three-year extension option attached, the company said in a stock ...
How Red Sea crisis 'saved liner shipping' in 2024 and drove billions in profits Shipping lines faced a daunting task in 2024: How could they fill the historic number of new ships being delivered...
The 20 most-read stories in Lloyd's List 2024 Houthi attacks on ships, sanctions crackdowns, multi-billion dollar bridge disasters and the clickbait that is Donald Trump all featured in...
Maritime leaders recognised in UK New Year Honours Seven people in the UK, including three with the Royal National Lifeboat Institute, were recognised
Finnish coastguard acts to prevent environmental damage from drifting Russia-trading tanker Coastguard says it is taking measures to prevent environmental damage from the drifting Russian tanker Jazz, which is undergoing self-repairs...
Bankruptcy declared for Hin Leong founder Lim Oon Kuin and family Lim Oon Kuin, founder of collapsed oil trader Hin Leong, and his children have been declared bankrupt amid legal disputes
ILA, USMX contract talks set for Jan. 7 restart ahead of strike deadline: sources While the two sides have come to terms on wages, formal negotiations have stalled since mid-November as the union and maritime employers remain stuck on what provisions the deal will include about port automation.
IMCs say railroads handled peak season surge better than pandemic Despite the kudos for railroads, some market players question the value of pandemic-era comparisons, suggesting that 2024's peak season aligns more closely with pre-pandemic trends.
Shippers, carriers face wave of port congestion, vessel delays in Asia, Europe Shanghai and Ningbo are dealing with "serious" congestion, according to a forwarder, while labor shortages in Hamburg are causing berthing delays of up to 10 days.
Capital upgrades ready USEC ports for another year of growth In addition to any vessel backlogs resulting from a second potential ILA strike on Jan. 15, a major test for East Coast marine terminals will be their ability to handle the revamped carrier networks debuting in early 2025.
New year means fresh disruption for container shipping market: analyst The world has become more turbulent and fragmented, with geopolitical events that are beyond the control of any supply chain participants playing an ever-larger role, writes Lars Jensen.
'Fully employed': Container shipping spared crippling double-digit capacity growth in 2024 Lines hoovered up tonnage for Asia-Europe trade
Hijack row erupts over ship at centre of Finnish sabotage drama Lawyer representing Caravella LLC FZ says crew is being mistreated
'Milestone acquisition': Transpetro set to ink first newbuilding deal in a decade Petrobras unit will tender for eight LPG carriers followed by an extra four MR tankers in renewal drive
Andreas Sohmen-Pao and John Fredriksen close $1bn VLGC fleet deal with final delivery BW LPG positive on 2025 prospects with North American production tipped to increase
Pangaea Logistics 15-bulker fleet swoop gains shareholder approval New York-listed company will sell stake and take on debt of about $105m to finance deal
Between a rock and the regulators: Derisk green tech to drive investment, says leading insurer New green insurance policy has no takers yet but provides pointers to how the path to net zero could be protected
Globus Maritime refinances newbuilding via Japanese sale-and-leaseback deal Transaction terms for modern ultramax point to lower ship values
Latsis product tanker pair emerges with expanding Vietnamese player Shipping companies in Hanoi and Ho Chi Minh City become increasingly active in bigger deals
H Line Shipping opts to recycle 29-year-old steam turbine-driven LNG carrier Challenging market sees no trading buyers for elderly LNG carriers
Pangaea Logistics 15-bulker fleet buy gains shareholder approval Pangaea will sell a 22% stake in the company and take on debt of about $105m to finance deal
Sources: ILA, USMX to restart contract talks ahead of deadline for possible port strike The International Longshoremen's Association and port employers represented by the United States Maritime Alliance are set to resume bargaining on a new contract Jan. 7.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
