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French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business…
https://www.marinelink.com/news/cma-cgm-buy-bollore-logistics-unit-504929
https://www.marinelink.com/news/cma-cgm-buy-bollore-logistics-unit-504929Russia has effectively stopped the Black sea grain deal by refusing to register incoming vessels, Ukraine's reconstruction ministry said on Monday.Ukrainian Black Sea ports were blockaded after Russia's invasion last year, but access to three…
https://www.marinelink.com/news/ukraine-says-russia-effectively-stopped-504930
https://www.marinelink.com/news/ukraine-says-russia-effectively-stopped-504930Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn - when retailers like Walmart (WMT.N) should…
https://www.marinelink.com/news/us-consumer-goods-import-forecast-lowered-504931
https://www.marinelink.com/news/us-consumer-goods-import-forecast-lowered-504931The crew of two ships detained by Iran in the past 10 days must brace for an extended time away from loved ones if recent similar ship seizures by Tehran are anything to go by. The Advantage Sweet suezmax and the Niovi VLCC were both apprehended by Iranian military forces in recent days while transiting …
https://splash247.com/apprehended-crews-in-iran-brace-for-extended-detention/
https://splash247.com/apprehended-crews-in-iran-brace-for-extended-detention/Tankers still working aged above 20 years of age made up just 1% of the global tanker fleet pre-covid, and were still a rarity at 3% before the invasion of Ukraine in late February last year. They’re now on track to make up 11% of all tanker demand by mid-2025, according to data from brokers …
https://splash247.com/20-year-old-tankers-set-to-make-up-11-of-all-tanker-demand-by-mid-2025/
https://splash247.com/20-year-old-tankers-set-to-make-up-11-of-all-tanker-demand-by-mid-2025/One of the tanker industry’s greatest fears with the rise of the so-called shadow fleet is unfolding in Southeast Asia where an uninsured 1997-built ship exploded last week, killing three crew, and with oil washing up on nearby shores. The unladen Gabon-flagged , owned by a single ship shell company in the Marshall Islands, exploded …
https://splash247.com/pablo-explosion-a-warning-sign-of-worse-to-come/
https://splash247.com/pablo-explosion-a-warning-sign-of-worse-to-come/US shipowner Ridgebury Tankers has continued pruning its fleet with the sale of a fourteen-year-old suezmax. Multiple industry sources said the Connecticut-based outfit led by Bob Burke has offloaded the 2009-built to an unnamed buyer for a reported price of $45m. The scrubbed-fitted 164,800 dwt vessel built by Hyundai Samho Heavy Industries was picked …
https://splash247.com/ridgebury-tankers-ships-out-suezmax-for-45m/
https://splash247.com/ridgebury-tankers-ships-out-suezmax-for-45m/UK-based diversified owner Lomar Shipping has expanded its bulk carrier fleet to nine ships with the purchase of three Chinese-built supramaxes. The maritime subsidiary of New York-based Libra Group has officially taken over the recently acquired 57,000 dwt Ariadne, renamed Oslo Trader, after paying around $13m for the 2010-built ship. Lomar said it also expects …
https://splash247.com/lomar-spends-over-40m-on-supramax-trio/
https://splash247.com/lomar-spends-over-40m-on-supramax-trio/Greek bulker owner Diana Shipping has secured employment for two of its ships that should bring in about $16.71m for the minimum scheduled period of their contracts. The Semiramis Paliou-led company has sealed a time charter deal with Smart Gain Shipping for its 2015-built capesize Santa Barbara until October 10, 2024, with options until December …
https://splash247.com/diana-shipping-fixes-out-bulker-pair/
https://splash247.com/diana-shipping-fixes-out-bulker-pair/The US has undertaken a $4bn initiative to electrify its ports and reduce heavy-duty vehicle emissions as the government seeks to address excessive consequences on adjacent communities. The US Environmental Protection Agency (EPA) is seeking public input on its $3bn Clean Ports Program to reduce pollutants at US ports and its $1bn Clean Heavy-Duty Vehicle …
https://splash247.com/us-earmarks-4bn-for-clean-port-upgrades/
https://splash247.com/us-earmarks-4bn-for-clean-port-upgrades/