Stay informed with real-time maritime industry updates
Offshore Energy
A joint venture between Malaysia's MISC Group and Vietnamese PetroVietnam Technical Services will continue to operate a 1990-built FPSO in Vietnam until the end of 2027, as reported by Offshore Energy. This extension underscores the ongoing collaboration between Malaysian and Vietnamese entities in the offshore energy sector.
Splash247
The Jamaica-flagged LR1 tanker Diana, sanctioned by the US Treasury's OFAC in December, has been sold for recycling, as reported by Splash247. The 72,700 dwt vessel is currently anchored in the demolition zone at Alang.
Splash247
The Damietta Alliance Container Terminal (DACT) in Egypt has commenced operations, marking a significant milestone with the arrival of Hapag-Lloyd's Essen Express, as reported by Splash247. This new transhipment hub, built with over $600 million investment, boasts an annual handling capacity of up to 3.3 million TEU.
Seatrade Maritime
APM Terminals and Eurogate are set to invest $1.2 billion in modernizing the Bremerhaven container terminal, aiming to achieve net zero emissions and increase capacity by 1 million TEU, as reported by Seatrade Maritime.
Seatrade Maritime
CMA CGM and Midea have signed a memorandum of understanding to explore intelligent logistics solutions, aiming to enhance global supply chain efficiency, as reported by Seatrade Maritime.
Splash247
Splash247 reports that US forces have seized the Panamanian-flagged VLCC Veronica III in the Indian Ocean. The Pentagon stated that the tanker was tracked from the Caribbean, highlighting Washington's commitment to enforcing its blockade on sanctioned oil flows from Venezuela.
Splash247
The Trump administration's Maritime Action Plan has reintroduced a controversial proposal to impose a per-kilogram fee on cargo imported by foreign-built ships, as reported by Splash247. This plan aims to enhance US shipbuilding and could significantly impact global trade dynamics.
Splash247
The suezmax vessel Tony allided with a berth wall and struck a port crane while maneuvering at Ust-Luga seaport, Russia, as reported by Splash247. The incident, which occurred during crude oil loading operations, prompted a prosecutor-led investigation but resulted in no injuries or pollution.
Splash247
Ashapura Shipping Group, based in Kandla, has entered the shipowning market by acquiring a 14-year-old handysize bulk carrier from Wilmar, as reported by Splash247. The vessel, previously named Arawana, has been renamed Imperial Varalaxmi. No financial details of the transaction have been disclosed.
Seatrade Maritime
Seatrade Maritime reports that analysts have given Scorpio Tankers a favorable review following their Q4 results, highlighting the company's strong balance sheet, substantial cash reserves, and low breakeven rates. The positive assessment has led to increased target prices for the Scorpio fleet.
