Evalend back for more Yangzijiang product tankers
Greece’s Evalend Shipping has lifted its orderbook for product carriers with a fresh order in China. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the deal at Yangzijiang Shipbuilding for an MR1 quartet. The 39,000 dwt units, worth $43m each, will add to the Athens-based company’s similar-sized tankers booked at Hyundai Mipo […]
Ships calling India must have CCTV systems installed
India has mandated all ships calling at its ports must have CCTV systems installed by next October. The directorate general of shipping cited both health and safety concerns as well as security interests for its reasons for the new ruling. The CCTV system installed on the ships should ensure comprehensive coverage of all access points, […]
Bangladesh’s Meghna moves for Zodiac ultramax
Meghna Group, one of the largest Bangladeshi conglomerates, and its shipping arm, Mercantile Shipping Lines, have emerged as the taker of a five-year-old ultramax sold by Eyal Ofer-led Zodiac Maritime, tabling close to $33m for the five-year-old, 63,400 dwt Beechgate. The ship has been renamed Meghna Legacy and is the fourth modern Japanese-built ultramax added […]
Operators of Chile’s largest port see contract extended through to 2030
The operators of San Antonio Terminal Internacional (STI), Chile’s largest container terminal, have had their contract extended by five years through to 2030, in a deal that sees the port expand its box handling capacity by 30% to 1.6m teu a year. “In recent years we have implemented an intensive capex plan, investing $66m, of […]
Troubled wind project off Maryland clears final permitting hurdle
The US Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan for the Maryland Offshore Wind project. This is the final approval needed for the project from the authority following the record of decision in September 2024. The Maryland Offshore Wind Project – located approximately 16 km offshore Maryland and Sussex […]
McDermott scoops Repsol contract off Mexico
McDermott has secured a front-end engineering design contract from Repsol for the Polok and Chinwol field development project in Mexican waters of the Gulf of Mexico. The Houston-based offshore contractor said its project scope would cover FEED services for the project’s engineering, procurement, construction, and installation of subsea, umbilicals, risers, and flowlines. “Our extensive experience […]
Dimerco’s December APAC Freight Report addresses regional shifts
The Asia-Pacific (APAC) freight market which has been a cornerstone of global trade for decades serving global markets has been facing a period of profound transition. Economic recovery efforts are happening across various regional centers in APAC specifically in manufacturing as global political developments continue to influence trade policies. This makes the APAC trade and […]
AAL Shipping enhances Indian market presence with heavy lift projects
AAL Shipping is reinforcing its commitment to the Indian market with the deployment of the 31,000 dwt vessel AAL Kembla, tasked with transporting heavy lift project cargo from India to the Americas. This move highlights the carrier’s growing focus on connecting India with Europe and the US Gulf through its monthly liner and tailored tramp […]
Maersk applies new PSS to Kenya and Tanzania
Danish ocean carrier Maersk is implementing a Peak Season Surcharge (PSS) from China, Hong Kong, Japan, South Korea, Brunei, Vietnam, Indonesia, Cambodia, Laos, Myanmar (Burma), Malaysia, Philippines, Singapore, Thailand, Timor Liste and Taiwan to Kenya and Tanzania’s port of Dar es Salaam. The following surcharge will be effective from 1 January 2025: Charge Name Origin […]
WinGD secures order for 16 X-DF engines after late switch
Swiss marine power company WinGD has secured an order for 16 X-DF dual-fuel engines following a late-stage switch by a major ship owner. The decision was driven by WinGD’s proven track record of reliable performance, continuous advancements in its X-DF technology, and successful deployment of the X-DF2.0 series earlier this year. The order came late […]