Stay informed with real-time maritime industry updates
Splash247
Splash247 reports that Shipfinex, a sponsor of the Geneva Dry Dialogues, is promoting ship ownership from as little as $1,000 through its ship tokenisation platform. The company aims to revolutionize the industry by enabling fractional ownership and leveraging blockchain technology.
Seatrade Maritime
Sinokor is poised to control 24% of the global VLCC spot trading fleet following a significant increase in acquisitions, as reported by Seatrade Maritime. This development marks an unprecedented expansion in Sinokor's influence within the market, according to Signal Ocean.
Splash247
APM Terminals has acquired a 37.5% minority stake in the Southern Container Terminal at Jeddah Islamic Port, while DP World retains a 62.5% majority share, as reported by Splash247. The terminal will continue to be operated by DP World under a 30-year build-operate-transfer concession.
Splash247
Pippa Ganderton highlights in Splash247 the overlooked environmental impact of crew change travel on shipping's carbon footprint. The industry's decarbonization efforts have primarily focused on optimizing vessel performance, but the Scope 3.6 emissions from crew travel are becoming increasingly significant.
Seatrade Maritime
APM Terminals, a part of Maersk, has acquired a minority stake in DP World's terminal in Jeddah, Saudi Arabia, as reported by Seatrade Maritime. This strategic move marks a collaboration between two major port operators in the region.
gCaptain
CMA CGM has finalized contracts with Cochin Shipyard Limited for the construction of six LNG-powered containerships, as reported by gCaptain. Additionally, the company is launching a dedicated Research & Development hub in India to further strengthen its ties with the country.
gCaptain
Seaspan Shipyards has awarded a $1.5 million contract to Confined Space Robotics to develop semiautonomous systems for blast and paint operations, as reported by gCaptain. This initiative marks a significant move towards automation in shipbuilding, targeting one of the industry's most hazardous tasks.
gCaptain
Phillips 66 and Citgo Petroleum are planning to purchase heavy crude directly from Venezuela's PDVSA starting in April, aiming to boost profits by bypassing intermediaries, as reported by gCaptain. The move would allow the companies to avoid trading houses and Chevron in their procurement processes.
gCaptain
Sallaum Lines has expanded its Ocean Class fleet with the delivery of two new LNG dual-fuel Pure Car and Truck Carriers, as reported by gCaptain. This marks a significant step in the company's efforts to enhance its environmental sustainability.
gCaptain
A fire in the engine room of the Singapore-registered bulk carrier MANDY has led to the deaths of two crew members and the hospitalization of a third, as reported by gCaptain. The incident occurred off the coast of China.
