MOL and SMT link up on direct reduced iron shipping
Japanese shipowner Mitsui OSK Lines (MOL) is joining forces with Cyprus-based dry bulk specialist SMT Shipping to jointly explore options for shipping direct reduced iron (DRI). Interest in DRI produced by reducing iron ore with natural gas or hydrogen is developing as the steel sector ramps up attempts to reduce CO2 emissions. MOL, which has […]
KNOT Offshore Partners in new vessel swap deal with parent
Shuttle tanker player KNOT Offshore Partners has agreed a new swap dead with parent Knutsen NYK Offshore Tankers (KNOT) that will see the company add a modern suezmax in exchange for its nine years older panamax unit. The New York-listed firm is buying the 2021-built 152,800 dwt Live Knutsen from KNOT while selling its 2012-built […]
Crewmember injured as robbers board chemical tanker in the Singapore Strait
A crewmember has been injured by robbers who boarded the Singapore-flagged chemical tanker Basset this morning in the Singapore Strait, outside Singapore territorial waters The vessel has now anchored in Singapore waters and the Singapore Police Coast Guard and Singapore Civil Defence Force have been activated to render assistance with the injured crewmember medivacced. Splash […]
Maritime diversity and inclusivity in the Trump era
Claudia Paschkewitz, director of sustainability, diversity and inclusion at Columbia Group, writes about the impact Donald Trump’s rulings on DEI will have on the maritime industry. US President Donald Trump’s recent ruling against diversity and inclusivity measures is a step backwards in the progress that has been made around the world, and it could have […]
Cadeler’s newbuild wins work on US offshore wind farm
Copenhagen-headquartered offshore wind installation player Cadeler has signed a firm contract with an undisclosed client for one of its newbuild vessels for work at an offshore wind farm in the United States. This will be the first time Cadeler’s second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated delivery. The work is […]
Transnet’s Durban Container Terminal gears up for major equipment upgrade in 2025
Transnet is making bold moves to revitalize its port operations, and Durban Container Terminal (DCT) is at the heart of this transformation.. With over 100 new pieces of cargo-handling equipment set to arrive throughout 2025, this investment is a critical step in tackling operational inefficiencies and restoring confidence in South Africa’s supply chain.. A ZAR3.4 […]
ClassNK issues AiP for ammonia-fuelled ammonia bunkering vessel
ClassNK has granted an Approval in Principle (AiP) for an ammonia-fuelled ammonia bunkering vessel, developed collaboratively by Nippon Yusen Kabushiki Kaisha (NYK Line) and LMG Marin AS (a Seatrium Group member). As the maritime industry moves towards decarbonization, ammonia fuel is anticipated to play a significant role, making bunkering vessels crucial in the fuel supply […]
Maersk and Kenya Ports Authority launch maritime training programme
Maersk and Kenya Ports Authority announced the launch of a maritime training programme, aiming to enhance Kenya’s maritime sector and bolstering the country’s Blue Economy. The launch event saw the presence of Abdulswamad Shariff Nassir, Governor of Mombasa County, along with representatives from the Royal Danish Embassy in Nairobi, Bandari Maritime Academy, Shippers Council Eastern […]
Carisbrooke seals $27m newbuild financing
UK owner Carisbrooke Shipping has secured financing for its newbuilding programme in the Netherlands. Germany’s KfW IPEX-Bank is backing the construction of two 7,700 dwt general cargo vessels at Thecla Bodewes Shipyards with around €26m ($27.3m). The ships in the so-called Labrax series have modern diesel-electric propulsion, with an option for future conversion of the […]
Jan De Nul heavy lift vessel set for work on Scottish offshore wind farm
Belgian marine contractor Jan De Nul will provide its 2023-built heavy lift vessel Les Alizés to transport and install the monopile foundations on the Inch Cape wind farm offshore Scotland. The wind farm will comprise 72 turbines sited in the North Sea off the Angus coast with a total installed capacity of 1080MW. The project […]