A lifeline to home and increased productivity
Internet use is now a critical factor in seafarer satisfaction, something that will only accelerate in the years ahead. The final installment from Ship Concept 2035. An in-depth Inmarsat survey of nearly 400 seafarers working on merchant ships, offshore support vessels or high-end fishing vessels across the globe shows that seafarers are increasingly experiencing a […]
NGM shakes up strategy with rare kamsarmax buy
Shrewd Greek shipowning group, NGM Energy, has made its first reported bulk carrier acquisition of 2025—signalling a strategic shift in its asset playbook. According to sources familiar with the deal, NGM is now linked to the 2020-built, 82,000 dwt kamsarmax Aom Sophie II, purchased from Japan’s Kyowa Kisen for just over $31m. The move is […]
Energean suspends FPSO production over Israel-Iran conflict
UK-based energy company Energean has temporarily suspended production activities on its FPSO located offshore Israel due to the escalation of conflicts with Iran. On Friday, Israel launched widespread strikes against Iran, which led to immediate retaliation from Iran. Energean said that it received notice from the Israeli Ministry of Energy and Infrastructure ordering the temporary […]
Valorem joins consortium in French floating wind tender bid
French developer Valorem has joined the Astenn Avel consortium, formed by Elicio and Q Energy. The three partners will jointly apply to the AO9 tender for the extension of the floating wind farm off the coast of southern Brittany. Located off the coast of Groix and Belle-Île-en-Mer, the project aims to add 500MW of installed […]
Wood extends Sidara buyout talks once again
UK consulting and engineering firm Wood has once again extended the deadline by which Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, must make an offer for Wood or withdraw from the deal. The non-binding conditional proposal from Sidara is for a possible offer of 35 pence in cash per Wood share […]
CMA CGM announces intermodal solutions in Egypt
In complement to CMA CGM’s 17 services connecting Egypt’s ports to major global trade routes, the French carrier offers rail solutions in October Dry Port (ODP) connecting Greater Cairo and Upper Egypt’s industrial and logistics zones Strategically located in the heart of the 6th October industrial zone, the ODP hub provides seamless cargo optimization through smart […]
X-Press Feeders wins Marine Money 2024 East Leasing Deal of the Year
X-Press Feeders announced that its French leasing arrangement for six dual-fuel vessels has been named Marine Money’s 2024 East Leasing Deal of the Year. In 2024, Eastaway France SAS, a subsidiary of X-Press Feeders, secured long-term financing exceeding US$280 million for the acquisition of six methanol dual-fuel vessels under a structured French leasing arrangement. The […]
Strait of Hormuz on brink amid US embassy evacuation
The Strait of Hormuz, the world’s most strategically vital shipping chokepoint, is again under the shadow of potential conflict. As tensions between Iran and Israel escalate with the US preparing partial embassy evacuations in Iraq and authorizing the departure of military dependents from key posts across the Middle East, shipping professionals must assess the risks […]
Hapag-Lloyd raises rates from West Mediterranean to Latin America
Hapag-Lloyd has announced increased Freight All Kinds (FAK) rates from the West Mediterranean to South America West Coast, Central America and Caribbean. Effective from 1 July – and from 10 July for regulated countries (Colombia, Ecuador, Puerto Rico, US Virgin Islands) – the updated rates will be as follows: If you liked this post, please […]
CN Magazine | June Issue Out Now!
This month’s issue brings you everything you need to stay ahead in the world of container shipping, logistics, and ports. Here’s what’s inside: A full briefing of last month’s top developments in the industry An exclusive interview with Carlos Lopez Barbera Key stock highlights and market movements Coverage of all the major events shaping the […]