Stay informed with real-time maritime industry updates
Splash247
The effective closure of the Strait of Hormuz by Iran is prompting a global resurgence in coal usage, with countries like Japan, South Korea, Germany, and the Philippines reversing previous commitments to phase out coal, as reported by Splash247. This shift is driven by the need to compensate for disrupted LNG supplies.
Splash247
MPC Capital and Wilhelmsen Ship Management have launched a new standalone provider called Waterway IT, focusing on onboard vessel IT, as reported by Splash247. The venture, which consolidates the IT operations of both companies, will commence on April 1 with approximately 400 vessels under its management.
Offshore Energy
Excelerate Energy, based in Texas, has named its new floating storage regasification unit (FSRU) at the Hyundai Heavy Industries shipyard in Ulsan, South Korea, as reported by Offshore Energy. The ceremony marks a significant milestone for the U.S.-based LNG and power infrastructure company.
Splash247
Singapore has introduced a guide featuring red flag indicators to assist the maritime supply chain in identifying and addressing illegal wildlife trafficking in containerized sea cargo, as reported by Splash247. This initiative leverages global guidance and highlights Singapore's strategic role as a major transshipment hub.
Seatrade Maritime
NYK has merged its shipowning, ship management, and maritime transport units for its dry bulk business, as reported by Seatrade Maritime. This strategic move aims to streamline operations and improve efficiency in the dry bulk sector.
Offshore Energy
Offshore Energy reports that McDermott and Chiyoda International Corporation have completed the first train of a $10 billion LNG export terminal project in Sabine Pass, Texas. The companies are now focusing on the remaining two trains for the facility.
Splash247
BRS Group's annual review reveals that the United States holds less than 1% of the global commercial shipbuilding market share, placing it on par with Vietnam in terms of competitiveness. This analysis, as reported by Splash247, underscores the significant structural challenges facing U.S. maritime ambitions.
Splash247
Dave Lee from e1 Marine discusses the potential of hydrogen as a fuel for short sea shipping in an article for Splash247. While much of the debate on hydrogen focuses on deep-sea vessels, Lee highlights the overlooked opportunities in short sea shipping, where hydrogen could play a significant role despite challenges like cost and infrastructure.
Seatrade Maritime
A tanker was struck near Qatar, causing damage above the waterline, as reported by the UK maritime security agency. Seatrade Maritime notes that the incident highlights ongoing security concerns in the region.
Splash247
Norwegian company Solstad Maritime has secured a contract extension for its construction support vessel, Normand Energy, as reported by Splash247. The vessel, built in 2007, is currently under contract with Italian cabling firm Prysmian.
