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In a consolidation move within the US Jones Act market, Maritime Partners has inked a deal to acquire Centerline Logistics, one of the country’s top coastal tanker and marine services providers. The agreement will see an entity managed by Maritime Partners take over Centerline from its current backers, Macquarie Capital and Silverbox Capital’s Steve Kadenacy. …
https://splash247.com/maritime-partners-swoops-for-centerline-logistics/
https://splash247.com/maritime-partners-swoops-for-centerline-logistics/Discharges from open-loop scrubbers will be banned in internal waters and port areas throughout the northeast Atlantic by July 2027, following a meeting of environment ministers from 15 European countries yesterday. A closed-loop discharge ban has been scheduled for no later than January 2029. While a majority of European states wanted to be more ambitious …
https://splash247.com/scrubber-discharge-ban-coming-to-the-northeast-atlantic/
https://splash247.com/scrubber-discharge-ban-coming-to-the-northeast-atlantic/Hong Kong conglomerate Caravel Group has sold two of its Chinese-built kamsarmax bulk carriers in a deal valued at about $41m. The Banga family’s dry bulk owner has let go of the 81,073 dwt Explorer Oceania and the 81,093 dwt Explorer Asia, with both ships built at Jiangsu Hantong in 2015 and 2016, respectively, heading …
https://splash247.com/caravel-group-sheds-kamsarmax-fleet/
https://splash247.com/caravel-group-sheds-kamsarmax-fleet/Consolidation – and by extension greater focus and economies of scale – continues in the revived Japanese shipbuilding sector with news that Imabari Shipbuilding, the nation’s top yard, is to take control of Japan Marine United (JMU). The Higaki family-controlled Imabari announced yesterday it will up its stake in JMU from 30% to 60%, and …
https://splash247.com/imabari-to-take-control-of-japan-marine-united/
https://splash247.com/imabari-to-take-control-of-japan-marine-united/The International Maritime Organization (IMO) has formally agreed to start the revision of outdated regulations for nuclear-powered ships. The 110th session of the IMO’s Maritime Safety Committee heard proposals from several member states and NGOs calling for a revision of the Code of Safety for Nuclear Merchant Ships (Resolution A.491) and relevant parts of the …
Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China.Delays…
https://www.marinelink.com/news/siemens-gamesa-talks-european-production-527364
https://www.marinelink.com/news/siemens-gamesa-talks-european-production-527364On June 19, the world’s first ship-to-ship liquified carbon dioxide (LCO₂) transfer was successfully completed at the Yangshan Deep-Water Port in Hangzhou Bay, Shanghai.The project was led by Shanghai Qiyao Environmental Technology (SMDERI-QET)…
https://www.marinelink.com/news/worlds-first-shiptoship-lco-transfer-527374
https://www.marinelink.com/news/worlds-first-shiptoship-lco-transfer-527374Scot Tankers of Istanbul has praised the action taken by a master after suspect packages were discovered onboard the MT Scot Bremen.The Maltese-flagged product tanker was enroute from the Port of Pecem, Brazil, and arrived off the coast of Ostend…
https://www.marinelink.com/news/master-acts-crew-drug-discovery-527375
https://www.marinelink.com/news/master-acts-crew-drug-discovery-527375The ISU has published its annual statistics for 2024, and the headline 2024 numbers show great consistency with the 2023 statistics, continuing with the modest recovery from the low point of 2022.Gross revenue for ISU members was $406 million, up from $398 million in 2023.
https://www.marinelink.com/news/salvage-industry-statistics-indicate-527376
https://www.marinelink.com/news/salvage-industry-statistics-indicate-527376The outlook could be bleak or bright depending on how we view the rise of humanoid robots.Think of this quote from a book by Jacob Morgan:“While many futurists and business leaders believe that robots and automation are taking jobs from humans…
https://www.marinelink.com/news/humans-versus-robots-527377
https://www.marinelink.com/news/humans-versus-robots-527377