Nexans bags French offshore wind cable supply deal worth over $1bn
French cabling specialist Nexans has secured a framework agreement with RTE for the design, manufacturing, and supply of HVDC cables that will connect the Centre Manche 1 & 2 and Oléron offshore wind farms to the French transmission network. The frame agreement includes the supply, installation, and commissioning of 450 km of high-voltage direct current […]
ODeX Global expands digital trade solutions footprint to Africa and Southeast Asia
Staying ahead means not only keeping up with current trends but also anticipating the next wave and the wave after that and the wave after that.. That is precisely what the sibling duo of Liji Nowal and Binai Thoppil are doing in the digital documentation and payment space in the shipping and freight industry.. After […]
Performance Shipping flips aframax for $21.5m profit
Nasdaq-listed Greek tanker owner and operator Performance Shipping has nearly doubled its money by selling one of its aframaxes. The Andreas Michalopoulos company has offloaded the 2011-built P Yanbu for $39m after picking up the 105,400 dwt vessel in late 2020 for $22m. The Japanese-built unit has been delivered to its new undisclosed owner, delivering […]
Icon Energy bolsters fleet with modern ultramax
Nasdaq-listed Greek bulker outfit Icon Energy is expanding its fleet by bringing in a 2020-built ultramax on a bareboat charter. The Ismini Panagiotidi-led company said the 63,668 dwt scrubber-fitted vessel, to be named Charlie, should join the fleet between May and August 2025. The deal includes an advance payment of $2.75m, the same amount upon […]
Maersk seals 33-year lease extension at port of NY and NJ
AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM Terminals Elizabeth’s lease through December 2062. Originally set to expire in 2029, the 33-year lease extension “paves the way for major infrastructure investments which will enhance capacity and transport velocity, create jobs and strengthen the US […]
Uni-Tankers brings in fresh tonnage
Denmark’s Uni-Tankers is renewing its fleet with two modern stainless steel vessels. The Per Ekmann-led outfit is adding the Selandia Swan to its owned fleet this spring. The ship is said to represent the company’s ongoing commitment to renewing its fleet with new, energy-efficient tonnage. Uni-Tankers is also bringing in the 2024-built 6,000 dwt Tina […]
Diana Shipping bags Cargill panamax fixture
Greek bulker owner Diana Shipping has landed another charter deal with Cargill, the New York-listed company’s fourth fixture with the commodities trading giant in just over a month. The Semiramis Paliou-led company has secured employment for the 2010-built panamax Leto from end-March through to July 16, 2026, and extension options for up to two more […]
DP World, Reliance Industries team up on innovative rail solution
DP World and India’s Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail. This initiative is expected to cut carbon emissions significantly while enhancing operational efficiency. The new solution connects Reliance Industries’ Jamnagar plant in Gujarat, India, to DP World’s inland container depot […]
Maersk and Port of NY&NJ reach lease extension deal for APM Terminals Elizabeth
Maersk and the Port Authority of New York and New Jersey (PANYNJ) have agreed to extend APM Terminals Elizabeth’s lease through December 2062. The deal was originally set to expire in 2029, but the lease extension marks a significant milestone in the company’s partnership with the US port, which dates back over a century. The […]
Noatum Maritime receives first LNG-powered vessel for United Global Ro-Ro JV
Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, has received its first LNG-powered Pure Car and Truck Carrier (PCTC) Ro-Ro vessel, which will be utilised by the recently formed joint venture (JV) with Erkport, United Global Ro-Ro. Forming part of Noatum Maritime’s Ro-Ro expansion strategy, the newbuild vessel, named UGR Al Samha, […]