CMA CGM introduces Baltic Express service
CMA CGM has announced a new feeder service, the Baltic Express, which was launched in the fourth week of the year. This service is designed to provide efficient and reliable shipping solutions by connecting Finland and Latvia through Poland’s port of Gdansk. The Baltic Express is expected to offer enhanced frequency and reliability with a dedicated […]
Understanding Comparative Fault in Personal Injury Claims
Understanding comparative fault in personal injury claims is crucial for securing fair compensation. It assesses how responsibility for an accident is shared among all parties involved. In this system, your percentage of fault directly impacts the compensation you receive, potentially reducing your awarded damages. Knowing the distinctions between pure and modified comparative fault can significantly […]
Asso.subsea orders shallow-water cable layer from China
Greece-based offshore contractor Asso.subsea has ordered a large shallow-water cable layer from China Merchants Heavy Industry. The vessel will be designed by China Merchants Industry and constructed at the China Merchants Industry Mazhou Island Base. The cable layer will be 175 m long and 41.8 m wide. It will be designed for shallow-water and bottom-sitting […]
Lay-ups and scrapping mulled as LNG rates hit record lows
Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Citing an “overwhelming oversupply” of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that spot rates have fallen to new record lows. Unlike many […]
China increasingly using dry bulk carriers to move project cargoes around the world
There has been a remarkable doubling of the amount of project cargoes leaving China on dry bulk carriers over the past year. Citing AIS satellite dry bulk carrier movement data from AXSMarine, Greece’s Ursa Shipbrokers has tallied that project cargo exports carried by dry bulk carriers from China to international destinations amounted to 3m tonnes […]
Sweden seizes tanker suspected of being behind latest Baltic cable outage
The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time is the 32,200 dwt, Maltese-flagged oil tanker Vezhen, which was sailing […]
Taiwan blacklists 52 Chinese-owned ships
Taiwan has blacklisted 52 Chinese-owned ships that operate under flags of convenience The crackdown follows the severing of a subsea communications cable near Taiwan at the beginning of January. Taiwan’s National Coast Guard Administration identified a Cameroon-registered cargo ship, Shunxin 39 (pictured), as the suspect in the incident. Taipei will now target vessels flagged under […]
India’s Shreeji Shipping sets sights on supramax bulkers
India’s Shreeji Shipping has filed papers with market regulator SEBI seeking approval to raise funds for fleet expansion through an initial public offering (IPO). The flagship company of Jamnagar-based Shreeji Group, led by Ashokumar Haridas Lal and Jitendra Haridas Lal, is planning to use roughly $33.5m from the IPO proceeds to buy secondhand supramax bulk […]
EDT and Synergy establish offshore shipmanagement venture
Cyprus-based EDT Offshore and Singapore’s shipmanagement giant Synergy Marine Group have joined forces in the offshore sector. The joint venture called EDT Synergy Shipmanagement will aim to deliver innovative and sustainable offshore shipmanagement solutions, addressing industry challenges in decarbonisation and digitalisation, the companies said in a joint release. “This joint venture represents a strategic evolution […]
SITC lifts Huanghai boxship series to eight
Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of 2027. SITC signed a shipbuilding contract with […]