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German warship builder TKMS expects to decide in the next few weeks on whether to buy neighbouring shipyard German Naval Yards Kiel (GNYK), its CEO Oliver Burkhard said on Monday, as the group considers expansion to meet rising demand.TKMS, which was spun off from parent Thyssenkrupp in October…
https://www.marinelink.com/news/tkms-decide-german-naval-yards-kiel-533250
https://www.marinelink.com/news/tkms-decide-german-naval-yards-kiel-533250Morocco will open a new deepwater Mediterranean port next year and another on the Atlantic in 2028, Equipment and Water minister Nizar Baraka said, as the North African country aims to replicate the success of Africa's largest port, Tanger Med.Nador West Med…
https://www.marinelink.com/news/morocco-open-two-deepwater-ports-533252
https://www.marinelink.com/news/morocco-open-two-deepwater-ports-533252China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments…
https://www.marinelink.com/news/china-trade-surplus-tops-trillion-nonus-533254
https://www.marinelink.com/news/china-trade-surplus-tops-trillion-nonus-533254Yara and Air Products have advanced negotiations to partner on low-emission ammonia projects.Yara has matured a project portfolio for potential investment in cost competitive US ammonia to diversify its energy position and increase competitiveness…
https://www.marinelink.com/news/yara-confirms-us-ammonia-strategy-533255
https://www.marinelink.com/news/yara-confirms-us-ammonia-strategy-533255Havila Shipping has not had its case upheld in Oslo District Court and will appeal the judgment.In January and March, the company filed a lawsuit against DnB Bank ASA, Danske Bank AS NUF, and Swedbank AB (publ).The banks have maintained that…
https://www.marinelink.com/news/havila-appeal-oslo-court-decision-533257
https://www.marinelink.com/news/havila-appeal-oslo-court-decision-533257HD Hyundai has signed a strategic partnership with the Tamil Nadu state government regarding the establishment of a new shipyard in India.The Indian government is strategically pursuing the "Maritime Amrit Kaal Vision 2047" to become one of the world's top five shipbuilding and shipping nations.
https://www.marinelink.com/news/hd-hyundai-signs-mou-indian-shipyard-533258
https://www.marinelink.com/news/hd-hyundai-signs-mou-indian-shipyard-533258Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow t
https://www.marinelink.com/news/brazil-court-recommends-auction-santos-533259
https://www.marinelink.com/news/brazil-court-recommends-auction-santos-533259Washington State Ferries (WSF) reports that an initial inspection after the 58-year-old Kaleetan was removed from service on Friday has confirmed significant engine damage to one of the engine cylinders.The vessel will remain unavailable for service during this week and possibly the following two.
https://www.marinelink.com/news/washington-state-ferry-suffers-engine-533260
https://www.marinelink.com/news/washington-state-ferry-suffers-engine-533260Washington Governor Bob Ferguson selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new Washington State Ferries (WSF) vessels earlier this year, and the project is advancing with new contract awards.The…
https://www.marinelink.com/news/washington-state-ferries-advances-ferry-533261
https://www.marinelink.com/news/washington-state-ferries-advances-ferry-533261Iron ore futures slipped on Monday, as sagging demand in top consumer China, along with increasing equipment maintenance and the lack of new stimulus measures from the country’s top decision-making body, weighed on sentiment. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 1.14% lower at 778.5 yuan ...
https://www.hellenicshippingnews.com/iron-ore-slips-as-sagging-china-demand-weighs/
https://www.hellenicshippingnews.com/iron-ore-slips-as-sagging-china-demand-weighs/