Local news today
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Shipbuilding
Bauxite steals iron ore’s thunder
Iron ore remains the leading contributor to global dry bulk tonne-mile generation, but its dominance is waning. According to a…
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Shipbuilding
Iranian Tankers Resume AIS Transmissions After Years of Manipulation
In a surprising turn of events, the majority of Iranian-flagged tankers are now transmitting accurate data over the Automatic Identification…
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Decarbonization
Shipping Industry Faces Urgent Decarbonization Challenge
The maritime sector is at a critical juncture as it prepares to implement the International Maritime Organization’s (IMO) Net-Zero Framework,…
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Shipbuilding
Settlement Possible for Victim of Bridge Collapse
More than a year and a half after the cargo ship Dali collided with the Francis Scott Key Bridge, a…
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Shipbuilding
DOF Secures $200M Petrobras Contracts in Brazil
Norwegian offshore vessel operator DOF has secured two significant long-term contracts with Petrobras, Brazil’s state-owned oil company. The agreements involve…
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Shipbuilding
JPMorgan Chase Launches $1.5 Trillion Security Initiative
JPMorgan Chase has unveiled a groundbreaking $1.5 trillion Security and Resiliency Initiative aimed at bolstering national economic security. The initiative…
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News
NYK Concludes Long-term Time-Charter for Domestically Built CTV in Akita Offshore Wind Venture
NYK has partnered with Oga Katagami Akita Offshore Green Energy LLC to introduce Japan’s inaugural offshore wind project in general…
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Bulk Carrier
Wah Kwong forms dry bulk venture with Wuhu Shipyard
In a significant move for the maritime industry, Hong Kong-based shipowner Wah Kwong has partnered with China’s Yingxing Leasing and…
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Shipbuilding
TS Lines Exits Transpacific Trade Amid Rate Declines
TS Lines is set to withdraw from the transpacific shipping market next month, marking a significant shift in its operations.…
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Shipbuilding
Ukrainian Cargo Ship Eileen Sinks in Black Sea
A Ukrainian cargo ship named Eileen sank in the Black Sea near Bulgaria on Sunday, October 12. The vessel sent…
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