IMO flagged about new register created in tiny uninhabited South Pacific island
Wily, shady entrepreneurs are scanning world maps to seek ever more distant outposts to establish ship registers to help grease the flows of the dark fleet. France and the Netherlands have submitted a paper to the International Maritime Organization’s legal committee about the emergence of two new shipping flags with questionable credentials, one in the […]
IMO flagged about new register created in tiny uninhabited South Pacific island
Wily, shady entrepreneurs are scanning world maps to seek ever more distant outposts to establish ship registers to help grease the flows of the dark fleet. France and the Netherlands have submitted a paper to the International Maritime Organization’s legal committee about the emergence of two new shipping flags with questionable credentials, one in the […]
CMA CGM spends $2.5bn on a dozen newbuilds at China’s Jiangnan
France’s CMA CGM has signed up for a fresh series of containership newbuildings in China. The Marseille-headquartered liner giant is being widely tipped as the owner behind a dozen LNG dual-fuel 18,000 teu vessels contracted at CSSC Jiangnan Shipyard. The order comes hot on the heels of the United States Trade Representative (USTR) agency’s proposal […]
CMA CGM spends $2.5bn on a dozen newbuilds at China’s Jiangnan
France’s CMA CGM has signed up for a fresh series of containership newbuildings in China. The Marseille-headquartered liner giant is being widely tipped as the owner behind a dozen LNG dual-fuel 18,000 teu vessels contracted at CSSC Jiangnan Shipyard. The order comes hot on the heels of the United States Trade Representative (USTR) agency’s proposal […]
The thousand faces ship: how Chinese vessels change names mid-voyage
The latest ship accused of damaging cables off Taiwan had a simple way of changing identity. Taiwan’s coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands. The Togo-flagged Hongtai68 was able to change its name many […]
Polish study suggests ships are conducting GPS jamming operations in the Baltic
A study by Polish researchers claims that moving vessels on the Baltic Sea are responsible for an escalation in GPS disruptions in the region. The study observed GPS interruption at a ground level with a sensor installed at Gdynia Maritime University in the north of Poland, some 120 km from the Russian exclave of Kaliningrad. […]
China Merchants buys major Brazilian VLCC terminal
China Merchants has bought a 70% stake in Vast Infraestrutura, Brazil’s only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its stake in the oil terminal from US-based EIG Global Energy Partners, which has been developing the site for the past 10 years. […]
Global offshore wind additions to hit 19GW in 2025
The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80bn, a new Rystad Energy report suggests. This recovery follows a slowdown at the end of last year when new installations dropped to approximately 8GW which is 2GW lower than […]
DDW Offshore sells anchor handler for $25m
Norway’s DDW Offshore, a subsidiary of Akastor, has decided to sell one of its anchor handling tug supply (AHTS) vessels to an undisclosed client. DDW Offshore agreed to sell the 2010-built Skandi Peregrino for a purchase price of $25m. According to an Oslo Bors filing, the agreement is entered into on saleform 2012 terms, suitably […]
Barakah Offshore looking for new pipelay barge buyer as sale falls through
Malaysian offshore service provider Barakah Offshore Petroleum is searching for a new buyer for its pipelay and accommodation barge Kota Laksamana 101 after a preliminary deal with PT Wintermar Rajawali expired at the end of February. Barakah has been exploring options to sell the barge since January last year. It was looking to earn at least $11.4m […]