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 […]
Can America reclaim its shipbuilding edge in fragmented global market?
The global shipbuilding industry is entering a decade of robust growth, projected to surge from US$42 billion in 2024 to more than US$73 billion by 2033, driven by container fleet expansion, shipping digitalization, and new decarbonization practices. Yet while East Asia dominates the industry, the United States is repositioning itself to play a more assertive […]
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 […]
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 […]
Oceaneering scores Gulf of Mexico vessel contract
Houston-based oilfield services provider Oceaneering has, through its offshore projects group (OPG), secured a vessel services contract with an undisclosed major operator in the Gulf of Mexico. The agreement will see the US-flagged 2013-built multipurpose vessel (MPSV) Harvey Deep Sea deployed to carry out subsea inspection, maintenance, and repair (IMR) and installation services. The MPSV, […]
Salvors work on Wan Hai ship amid fears of more blasts
The Indian Coast Guard has said it is trying to tow the Wan Hai 503 away from the Indian coast to avoid an ecological disaster, as the ship burns for the fourth day. The coast guard is concerned about further explosions on the ship, which has more than 2,000 tonnes of fuel oil and hundreds […]