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Firefighters are battling a major blaze at a warehouse complex in the port of Hamburg this morning, sending thick plumes of smoke across Germany’s largest seaport. The Hamburg fire brigade said the alarm was raised late Monday afternoon, with more than 100 personnel and multiple fire engines deployed to contain the flames. The warehouse, located …
https://splash247.com/giant-fire-breaks-out-at-hamburg-port-warehouse/
https://splash247.com/giant-fire-breaks-out-at-hamburg-port-warehouse/South Africa has introduced a new regulatory framework for offshore ship-to-ship (STS) transfers, sharply increasing penalties and setting strict environmental conditions in a bid to protect coastal ecosystems and the endangered African penguin. Under regulations signed by minister of forestry, fisheries and the environment, Dr Dion George, transgressors face fines of up to R2m ($110,000), …
https://splash247.com/south-africa-tightens-offshore-ship-to-ship-rules/
https://splash247.com/south-africa-tightens-offshore-ship-to-ship-rules/South Korea is making shipbuilding the anchor of its trade diplomacy with Washington, rolling out billions in promises to revive America’s rusted yards in a bid to keep Donald Trump on side. President Lee Jae Myung’s first US trip saw him push a $350bn investment package, with $150bn earmarked for shipbuilding under the slogan ‘Make …
https://splash247.com/seoul-bets-on-shipbuilding-to-keep-trump-sweet/
https://splash247.com/seoul-bets-on-shipbuilding-to-keep-trump-sweet/ZIM confirmed on Monday that Turkish authorities have barred Israeli-linked vessels from entering the country’s ports, in the latest escalation of Ankara’s sanctions against Israel. The Haifa-based line, the world’s ninth-largest container carrier, said that vessels that are either owned, managed or operated by an entity related to Israel will not be permitted to berth …
https://splash247.com/turkey-shuts-ports-to-israeli-linked-vessels-and-cargoes/
https://splash247.com/turkey-shuts-ports-to-israeli-linked-vessels-and-cargoes/Global shipping is realigning fleets in anticipation of October’s extra port fees to be levied by the US on China-linked tonnage. This is already being reflected in chartering decisions for transatlantic tanker and dry bulk fixtures with Chinese-built tonnage shifting to other parts of the globe. In the container sector, global liners are moving their …
https://splash247.com/carriers-reroute-fleets-to-sidestep-us-levy/
https://splash247.com/carriers-reroute-fleets-to-sidestep-us-levy/AMIGO LNG S.A. de C.V., a Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, announced the execution of a long-term Sale and Purchase Agreement (SPA) with Macquarie Group, a global trading and financial services group.Under the agreement…
https://www.marinelink.com/news/amigo-lng-signs-year-lng-sale-purchase-529289
https://www.marinelink.com/news/amigo-lng-signs-year-lng-sale-purchase-529289Maritime software company OrbitMI has acquired Gale Force, a provider of maritime advisory services. Gale Force specializes in voyage optimization, environmental compliance, and voyage execution support.This acquisition represents a strategic…
https://www.marinelink.com/news/orbitmi-acquires-voyage-optimization-529296
https://www.marinelink.com/news/orbitmi-acquires-voyage-optimization-529296Rapid falls in the level of the Caspian Sea are affecting ports and oil shipments and threatening to inflict catastrophic damage on sturgeon and seal populations, according to Azerbaijani officials.The Caspian, the world's largest salt lake…
https://www.marinelink.com/news/shallowing-caspian-sea-impacts-oil-trade-529297
https://www.marinelink.com/news/shallowing-caspian-sea-impacts-oil-trade-529297Business Korea reports that Hanwha Ocean plans to invest an additional minimum of $70 million in Philly Shipyard.The aim is to increase productivity to 10 ships per year by 2035, up from the current rate of 1 to 1.5 ships per year.Hanwha Ocean…
https://www.marinelink.com/news/hanwha-boost-investment-philly-shipyard-529298
https://www.marinelink.com/news/hanwha-boost-investment-philly-shipyard-529298Cerberus Capital Management has entered a strategic partnership with HD Hyundai to launch a new maritime investment strategy, Cerberus Maritime.Cerberus Maritime is aligned with the U.S. Government’s initiative to revitalize the maritime capabilities of the United States and allied nations.
https://www.marinelink.com/news/cerberus-hd-hyundai-partner-maritime-529299
https://www.marinelink.com/news/cerberus-hd-hyundai-partner-maritime-529299