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Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MoU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada's ability to deliver future naval programs.In parallel, Hanwha Ocean…
https://www.marinelink.com/news/hanwha-ocean-partners-ontario-shipyards-535945
https://www.marinelink.com/news/hanwha-ocean-partners-ontario-shipyards-535945A fire onboard the Liberia-registered passenger vessel World Legacy while it was en route to Singapore has resulted in the death of one crew member.The incident occurred on February 20 at about 4:00am (Singapore Time). The fire was brought under…
https://www.marinelink.com/news/one-dead-ropax-fire-off-singapore-535946
https://www.marinelink.com/news/one-dead-ropax-fire-off-singapore-535946New York-listed Navios Maritime Partners has moved to expand its dry bulk footprint, lining up two Japanese newbuilding capesizes under long-term bareboat-in arrangements. The Angeliki Frangou-led owner said in its quarterly earnings report it agreed to take the scrubber-fitted vessels from an unrelated third party on 12-year bareboat contracts. Navios holds purchase options from the …
https://splash247.com/navios-lines-up-134m-capesize-duo/
https://splash247.com/navios-lines-up-134m-capesize-duo/Argentina's lower house of Congress was set to vote on Thursday on a contentious labor reform backed by libertarian President Javier Milei, as unions staged a nationwide strike that has brought parts of the country to a halt.Argentina's largest…
https://www.marinelink.com/news/argentine-labor-strike-hits-ports-535934
https://www.marinelink.com/news/argentine-labor-strike-hits-ports-535934The Mexican navy intercepted a submarine carrying up to four tons of cocaine along the Pacific Ocean off the country's West coast, Mexico's Seurity Minister Omar Garcia Harfuch said on Thursday."In the last week, maritime operations have made it possible to seize nearly 10 tons of this drug.
https://www.marinelink.com/news/mexico-navy-seizes-cocaine-carrying-535935
https://www.marinelink.com/news/mexico-navy-seizes-cocaine-carrying-535935Denmark's maritime authority said on Thursday it had detained and inspected an Iran-flagged container vessel anchored in the Nordic country's waters on the grounds that it was not properly registered.The ship, using the name "Nora" according to LSEG data…
https://www.marinelink.com/news/denmark-holds-iranflagged-vessel-535936
https://www.marinelink.com/news/denmark-holds-iranflagged-vessel-535936DOF Group has entered into an agreement to purchase the very high-end AHTS vessels Aurora Saltfjord and Aurora Sandefjord.The vessels are 2011-built and feature a bollard pull of almost 400 metric tonnes, making them among the most powerful…
https://www.marinelink.com/news/dof-upgrades-ahts-fleet-535938
https://www.marinelink.com/news/dof-upgrades-ahts-fleet-535938A film commissioned by Lloyd’s Register Foundation highlights why commitment to fishing safety matters by bringing stories of three very different communities.“All that separates us is distance” tells the stories of Emmanuel, Dede and James…
https://www.marinelink.com/news/watch-fishing-safety-matters-535939
https://www.marinelink.com/news/watch-fishing-safety-matters-535939Incat Crowther has begun detailed development and naval architecture on a hydrogen fuel cell-electric fast ferry design, with initial deployment targeted for New York waters.Incat Crowther is working on the design and regulatory approval process…
https://www.marinelink.com/news/incat-crowther-designing-fuelcell-ferry-535940
https://www.marinelink.com/news/incat-crowther-designing-fuelcell-ferry-535940Large newbuilding announcements are often interpreted as exogenous supply shocks, raising concerns about oversupply and pressure on freight rates. Vale’s plan to order 30 VLOCs has prompted similar reactions. However, when assessed using economic concepts such as effective supply, these orders appear far less disruptive than headline figures imply. The economics behind Vale’s fleet strategy ...
https://www.hellenicshippingnews.com/vale-set-to-re-enter-shipping-with-a-bang-plans-to-order-30-large-ore-carriers/