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Finnish wind propulsion firm Norsepower has teamed up with COSCO Shipping Heavy Industry Equipment (CHIC) to ramp up production and global deployment of its rotor sails. The long-term deal moves beyond the companies’ initial memorandum of understanding, covering production, sales, installation, service, and joint engineering development. Norsepower brings its rotor sail tech and control systems, …
https://splash247.com/norsepower-and-cosco-team-up-to-mass-produce-rotor-sails/
https://splash247.com/norsepower-and-cosco-team-up-to-mass-produce-rotor-sails/Confusion reigns supreme towards the end of the fourth week of the Hormuz shipping crisis, with president Donald Trump yesterday stating one line only to be contradicted repeatedly by Tehran. Vessel traffic movement in and out of the Strait of Hormuz remains minimal and bunker availability around the world is a growing concern. Ukraine went …
https://splash247.com/splash-wrap-iran-stalemate-weighs-heavily-on-bunkers/
https://splash247.com/splash-wrap-iran-stalemate-weighs-heavily-on-bunkers/Paralysis around the Strait of Hormuz is being felt at global shipping hubs around the world. Ships are holding, rerouting, or bunching at alternative ports while operators wait for clarity with contradicting lines coming out of Washington and Tehran on the state of the war, which enters its fifth week tomorrow. The seven-day average number …
https://splash247.com/anchorage-queues-swell-in-asia-as-war-enters-week-five/
https://splash247.com/anchorage-queues-swell-in-asia-as-war-enters-week-five/Hapag-Lloyd has published its annual report for the 2025 fiscal year, announcing that the group EBITDA stood at $3.6 billion (EUR 3.2 billion) and profits at $1.0 billion (EUR 0.9 billion).The result was at the upper end of the earnings forecast…
https://www.marinelink.com/news/hapaglloyd-earnings-down-last-year-537393
https://www.marinelink.com/news/hapaglloyd-earnings-down-last-year-537393BIMCO has released its Container Shipping Market Overview & Outlook March 2026 saying the Iran war amplifies outlook uncertainty."Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped…
https://www.marinelink.com/news/bimco-container-ships-stranded-persian-537394
https://www.marinelink.com/news/bimco-container-ships-stranded-persian-537394Shipbuilding, steel, AI and energy infrastructure will be recognized as critical for national security, with new guidance prioritizing contracts for British business where necessary to protect national security.Recent events have shown the fragility of global supply chains…
https://www.marinelink.com/news/uk-government-prioritizes-domestic-537395
https://www.marinelink.com/news/uk-government-prioritizes-domestic-537395Nippon Paint Marine has launched AQUATERRAS 1100, a new coating with a low-VOC formulation that reduces impact on the marine environment and complies with regulations in major shipbuilding markets, including China and Korea.AQUTERRAS features HydroPhix™…
https://www.marinelink.com/news/nippon-paint-marine-launches-new-537396
https://www.marinelink.com/news/nippon-paint-marine-launches-new-537396Thordon Bearings has announced two significant appointments which reinforce its commitment to meet growing demand for high performance, pollution-free seawater-lubricated bearings and seals in commercial shipping.Anthony Hamilton has been appointed…
https://www.marinelink.com/news/thordon-bearings-appoints-engineering-537397
https://www.marinelink.com/news/thordon-bearings-appoints-engineering-537397CIMAC Working Group 17 (Gas Engines) has just released a new guideline that provides a comprehensive overview of how alternative fuels such as hydrogen, ammonia, methanol, and ethanol can be used in modern stationary and marine gas engines.Under the safety concepts chapter…
https://www.marinelink.com/news/cimac-report-reminds-new-fuel-safety-537398
https://www.marinelink.com/news/cimac-report-reminds-new-fuel-safety-537398The container shipping industry’s response to the fourth week of the Persian Gulf war shifted in a more optimistic direction on Wednesday as China’s state-backed COSCO Shipping Lines announced the resumption of new booking services for ordinary freight containers from the Far East to the Middle East, effective immediately — reversing a suspension imposed on …
https://splash247.com/cosco-resumes-gulf-bookings/
https://splash247.com/cosco-resumes-gulf-bookings/