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DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the port of Tartus. As part of the agreement, DP World will invest $800m over the duration of the concession to upgrade the port’s infrastructure and position it as a regional trade hub connecting …
https://splash247.com/dp-world-to-invest-800m-developing-syrian-port/
https://splash247.com/dp-world-to-invest-800m-developing-syrian-port/The search for the remaining crew members of the Eternity C, a bulk carrier sunk by Houthi rebels in the Red Sea, has been formally called off, with at least four mariners presumed dead and 11 still unaccounted for, according to security firms Ambrey and Diaplous Group. The ship was attacked on July 7 in …
https://splash247.com/search-ends-for-missing-eternity-c-crew-as-red-sea-sinks-deeper-into-crisis/
https://splash247.com/search-ends-for-missing-eternity-c-crew-as-red-sea-sinks-deeper-into-crisis/Japanese trading giant Itochu Corporation is set to operate the world’s first ammonia bunkering vessel by September 2027. Itochu, via its Singapore bunkering subsidiary, has signed a shipbuilding contract for the construction of a 5,000 cu m ammonia bunkering vessel with Sasaki Shipbuilding and an agreement regarding the construction of an ammonia tank plant that …
https://splash247.com/itochu-orders-worlds-first-ammonia-bunkering-vessel/
https://splash247.com/itochu-orders-worlds-first-ammonia-bunkering-vessel/Australia will not commit troops in advance to any conflict, Defence Industry Minister Pat Conroy said on Sunday, responding to a report that the Pentagon has pressed its ally to clarify what role it would play if the U.S. and China went to…
https://www.marinelink.com/news/australia-wont-commit-troops-advance-527893
https://www.marinelink.com/news/australia-wont-commit-troops-advance-527893Syria's General Authority for Land and Sea Ports on Sunday signed a $800 million agreement with UAE's DP World to bolster Syrian ports infrastructure and logistical services, Syrian state news agency SANA reported.The agreement follows on from…
https://www.marinelink.com/news/syria-signs-million-agreement-dp-world-527894
https://www.marinelink.com/news/syria-signs-million-agreement-dp-world-527894Hadag, the operator of Hamburg’s ferry services, is adopting an AI-powered platform to optimize the scheduling and operation of its electric ferry fleet.The AI system will support daily operations by tailoring charging strategies, managing energy demand…
https://www.marinelink.com/news/hamburg-deploys-ai-boost-efficiency-527897
https://www.marinelink.com/news/hamburg-deploys-ai-boost-efficiency-527897The United States Department of Homeland Security has announced the partial termination of a shipbuilding contract with Eastern Shipbuilding Group (ESG), saying it was wasteful of taxpayer’s money.The Coast Guard is reviewing contracts which are failing to meet delivery agreements.
https://www.marinelink.com/news/us-partially-terminates-contract-eastern-527900
https://www.marinelink.com/news/us-partially-terminates-contract-eastern-527900Product tanker giant Hafnia has secured a $715m revolving credit line, secured by a fleet of 32 modern vessels and supported by a diverse syndicate of 11 leading international banks. The seven-year facility, which features a highly competitive margin and a 20-year age-adjusted amortisation structure, provides Hafnia with significant liquidity flexibility while simultaneously lowering its …
https://splash247.com/hafnia-seals-715m-credit-line-backed-by-32-ships/
https://splash247.com/hafnia-seals-715m-credit-line-backed-by-32-ships/Icelandic carrier Eimskip has divested one of its cornerstone feeder vessels, Lagarfoss, to Portuguese logistics and maritime group Grupo Sousa. The 875 teu vessel, built in 2014 by Rongcheng Shenfei Shipbuilding, is set to change ownership by September. While financial details of the sale remain confidential, Eimskip confirmed it would recognise a loss of about …
https://splash247.com/eimskip-sells-feeder-vessel-to-portugals-grupo-sousa/
https://splash247.com/eimskip-sells-feeder-vessel-to-portugals-grupo-sousa/Geneva-based Advantage Tankers has returned to South Korea’s Hanwha Ocean with a fresh order for another VLCC newbuilding as part of a growing strategic push into the larger tanker segment. Industry sources report that the Tugrul Tokgoz-led company has declared an option for a third 320,000 dwt unit at the Okpo-based shipyard, bringing its overall …
https://splash247.com/advantage-tankers-bolsters-vlcc-orderbook/
https://splash247.com/advantage-tankers-bolsters-vlcc-orderbook/