Chinese yard to build 200-person accommodation rig
Jiangsu Dajin Heavy Industry has revealed that it entered into a section fabrication, general assembly, equipment installation, and commissioning contract for a 200-person jackup accommodation rig with Qinshi Jiamei Energy Technology. According to a statement made by Bestway Marine & Energy Technology, the owner of Dajin Heavy, the total contract value is RMB 57.5m ($$7.9m). […]
Liberian Registry appoints new Senior Vice President
Liberian Registry, one of the world’s largest ship registries, announced the appointment of Kyle Hurst as Senior Vice President of Fleet Communications and Technology. With over 30 years of experience in the maritime industry, Kyle Hurst has dedicated his career to the development, implementation, and management of vessel and satellite communication systems. He will oversee […]
Container sector set to take biggest hit from US plans to charge Chinese-built vessels
Shipping is reeling from what could be the most seismic decision to effect the industry yet in the opening weeks of Donald Trump’s second term in office. The American president will make a decision, likely in around a month’s time, on whether to carry out suggestions made by the office of the US Trade Representative […]
ProPak Vietnam 2025: Điểm hẹn công nghệ xử lý, chế biến và đóng gói bao bì
ProPak Vietnam 2025 – Triển lãm hàng đầu về công nghệ chế biến & đóng gói tại Việt Nam, kết nối doanh nghiệp với giải pháp tiên tiến. Sự kiện diễn ra từ ngày 18 đến 20 tháng 3 năm 2025 tại SECC, quận 7, TP. HCM quy tụ hàng trăm thương hiệu, thúc đẩy […]
Stena Bulk forms Nigerian tanker venture
Swedish shipowner Stena Bulk has signed a deal with NNPC Shipping, part of oil producer Nigerian National Petroleum Corp and local integrated offshore support player Caverton Marine for a new tanker joint venture in Nigeria. The deal will create a new tanker operation serving Nigeria and West Africa’s regional and global crude oil, refined product […]
Panama green lights reservoir project in bid to combat drought restrictions
The Panama Canal board of directors has approved funding for the construction of a new lake in the middle course of the Indio river watershed, a massive project designed to help ensure the waterway can combat droughts. For much of 2023 and last year, the canal was forced to slash transits and maximum drafts as […]
US issues further Iran sanctions
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on more than 30 persons and vessels in multiple jurisdictions for their role in brokering the sale and transportation of Iranian petroleum-related products, the latest in a series of measures the new Donald Trump administration is taking in its so-called […]
Shipmanagers suggest changes to IMO’s net-zero framework to avoid future legal action
Shipmanagers have expressed concerns in connection with the International Maritime Organization’s future net-zero framework and have suggested changes which they believe would make the proposals more effective. Acting on behalf of the global shipmanagement sector, InterManager, the international association for shipmanagers, has submitted a proposal to the next meeting of the IMO’s Marine Environment Protection […]
Pioneering ammonia bunkering vessel project presses ahead
An approval in principle (AiP) certificate has been granted for an ammonia fuelled ammonia bunkering vessel. The project has been led by Japanese shipowner Nippon Yusen Kaisha (NYK) along with Singaporean shipyard group Seatrium and its design subsidiary LMG Marin. The design will now be submitted to the Maritime and Port Authority of Singapore (MPA) […]
Sonangol readies suezmax orders in South Korea
Angola’s Sonangol is lining up suezmax crude tanker newbuildings in South Korea. Shipbuilding sources report the state-controlled oil company has returned to HD Hyundai Heavy Industries for a pair of scrubbed-fitted 158,000 dwt units. The deal, still at the letter of intent stage, is estimated to be worth about $190m, with deliveries in 2027 and […]