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Mumbai-based Seven Islands Shipping has snapped up the 50,000 dwt MR tanker Seaways Mia (built 2008), recently renamed Mayfair. The acquisition marks the first MR move this year by the Indian outfit. The deal is part of a series of sales by New York-listed International Seaways, which has now offloaded four MR tankers since the end …
https://splash247.com/seven-islands-shipping-adds-mr-tanker-from-international-seaways/
https://splash247.com/seven-islands-shipping-adds-mr-tanker-from-international-seaways/The Alabama State Port Authority (ASPA), operator of the Port of Mobile, has filed a federal lawsuit against Texas-based Gulf Corp and its affiliate Gulf Port Alabama, accusing them of trademark infringement, copyright violation, and cybersquatting in connection with their marketing of the planned Port Alabama Industrial Center. The $1bn, 12m sq ft industrial park …
https://splash247.com/port-of-mobile-sues-developer-over-trademark-infringement-and-cybersquatting/
https://splash247.com/port-of-mobile-sues-developer-over-trademark-infringement-and-cybersquatting/Denmark’s Norden has added seven vessels under new lease deals with purchase options, reinforcing its focus on asset flexibility while modernising its fleet in the project cargo and dry bulk segments. The latest deals include six multipurpose (MPP) vessels — four newbuilds for delivery in 2027 and 2028 and two secondhand vessels already operating in …
https://splash247.com/norden-locks-in-seven-vessels-with-lease-to-own-deals/
https://splash247.com/norden-locks-in-seven-vessels-with-lease-to-own-deals/Vietnam’s largest conglomerate, Vingroup, led by billionaire Pham Nhat Vuong, has released plans to invest VDN374trn ($14bn) in a massive port and logistics hub in Haiphong, about 100 km east of Hanoi. Announced Monday, the project will be developed in three phases through 2040, aiming to cement Vingroup’s role in national infrastructure while supporting its …
https://splash247.com/vingroup-plots-14bn-haiphong-port-complex/
https://splash247.com/vingroup-plots-14bn-haiphong-port-complex/Container shipping is faced with a supply/demand imbalance through to the end of the decade, according to new analysis from Asian consultancy Linerlytica. A slowing global economy alongside record amounts of newbuild tonnage pouring out of Asian shipyards is anticipated to put the brakes on earnings with the 2020s, to date, having been the most …
https://splash247.com/oversupply-forecast-to-haunt-liner-markets-into-2029/
https://splash247.com/oversupply-forecast-to-haunt-liner-markets-into-2029/Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see BRS methodology for assessing what constitutes a grey tanker at end of article) — comprising oil tankers over 3,000 dwt — …
The Australian Government is accelerating the delivery of a larger and more lethal surface combatant fleet with the selection of the upgraded Japanese Mogami-class frigate as the preferred platform for the Royal Australian Navy’s future fleet…
https://www.marinelink.com/news/australia-chooses-japanese-frigate-design-528654
https://www.marinelink.com/news/australia-chooses-japanese-frigate-design-528654The US Bureau of Ocean Energy Management (BOEM) has announced a direct final rule rescinding a section of its regulations that outlined the renewable energy lease sale schedule.Under the rescinded regulation, BOEM required the Secretary of the…
https://www.marinelink.com/news/boem-rescinds-offshore-renewable-energy-528655
https://www.marinelink.com/news/boem-rescinds-offshore-renewable-energy-528655The US Coast Guard rescued four people from a sinking tug in the Gulf of Alaska, Friday.Watchstanders at the Coast Guard Arctic District command center in Juneau received a report at approximately 10:17 a.m. that the 110-foot tug vessel Sea Ranger was taking on water 130 miles south of Cordova…
https://www.marinelink.com/news/us-coast-guard-rescues-four-sinking-tug-528656
https://www.marinelink.com/news/us-coast-guard-rescues-four-sinking-tug-528656Bristol Harbor Group, Inc. (BHGI) has welcomed Gordon Fream as a naval architect to its naval architecture and marine engineering firm. Gordon holds a bachelor’s degree in Naval Architecture and Marine Engineering from the University of Michigan.Before joining BHGI…
https://www.marinelink.com/news/bristol-harbor-group-welcomes-naval-528638
https://www.marinelink.com/news/bristol-harbor-group-welcomes-naval-528638