Enap and SAAM unveil Latin America’s first electric tug
Latin America’s first electric tug has been launched at the Sanmar shipyard in Tuzla Bay, Istanbul. The vessel is set to arrive in Chile under a service agreement signed in January between Empresa Nacional del Petróleo (Enap) and SAAM. This milestone highlights the commitment of both companies to the energy transition, as the tug’s electric […]
Top 5 Routes to Explore UAE in a Car from Luxury Rentals
Renting a vehicle in the UAE not only offers ease but also the best approach to improve your travel with unmatched luxury and elegance. Offering a large fleet of premium automobiles to fit any travel demand, Brooklands Rent is one of the best options for luxury car rental Dubai. From beautiful sedans to aggressive SUVs […]
San Antonio Terminal Internacional concession extended to 2030
Empresa Portuaria San Antonio (EPSA) has reported a Material Event to the Financial Market Commission (CMF), announcing that San Antonio Terminal Internacional (STI) has fulfilled the investment commitments outlined in 2020. Consequently, the concession for the Chilean terminal has been extended until 1 January 2030—marking its second extension since the original agreement. “In recent years […]
Shadow fleets and potential impact on container shipping
Shadow fleets can act as strategic assets for states looking to bypass sanctions and sustain access to international markets, thereby exerting economic and political influence despite global pressures. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked […]
Konecranes completes acquisition of Peinemann Port Services and Container Handling businesses
Finnish port equipment manufacturer Konecranes has closed its acquisition of Rotterdam-based Peinemann Port Services BV and Peinemann Container Handling BV, after receiving the green light from the Dutch competition authority. Peinemann is a port services provider in the Netherlands with a wide customer base, and it has long-term maintenance relationships with several of Konecranes’ customers. […]
Jinhui continues fleet renewal push with ultramax buy
Chinese bulker owner and operator Jinhui Shipping and Transportation has returned to the secondhand market for another ultramax in its latest fleet renewal move. The Oslo- and Hong Kong-listed company has picked up the 2017-built Great Century from CMB Financial Leasing in a deal worth $24.52m. In November, broking sources linked the COSCO KHI Ship […]
AKOFS Offshore gets $300m extension for well intervention vessel
Norwegian energy giant Equinor has exercised a three-year option for one of AKOFS Offshore’s well intervention vessels. Equinor awarded the extension to the vessel AKOFS Seafarer. The option period is estimated to begin in the late fourth quarter of 2025 after the vessel has completed its customary special periodic survey and in direct continuation of […]
PV Drilling expanding jackup rig fleet amid growing demand
Petrovietnam Drilling and Well Service Corporation (PV Drilling) has revealed that it would be investing in a three-leg multi-purpose jackup rig, expected to begin operations in the fourth quarter of 2025. Due to a growing demand for jackup rigs, PV Drilling decided to go for a used rig built according to the standard design of […]
NYK gets stamp of approval for new long-distance cable layer design
Nippon Yusen Kaisha (NYK) has been given approval in principle from the Japanese classification society ClassNK for the design of a new cable-laying vessel. According to NYK, the vessel is suitable for the construction of a long-distance subsea direct current transmission network in Japan. Since certain locations for wind-power generation in Japan, such as Hokkaido, […]
Performance Shipping pens aframax charter with Exxon subsidiary
Greece’s Performance Shipping has entered into a time charter contract with ExxonMobil subsidiary SeaRiver Maritime for one of its LR2 aframax tankers. The deal will see the 2010-built, 105,304 dwt tanker P. Aliki work for Sea River Maritime for seven months. The charterer has the option to shorten or extend the deal by 15 days. The […]