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Chinese containership player Zhonggu Logistics has booked up to six 6,000 teu vessels at Hengli Heavy Industry, lifting its newbuilding activity for the first time in several years. The Shanghai-listed company said it has signed for four firm vessels, with options covering a further two units. Confirmation of the deal came via an exchange filing …
https://splash247.com/zhonggu-logistics-lines-up-6000-teu-series-at-hengli/
https://splash247.com/zhonggu-logistics-lines-up-6000-teu-series-at-hengli/The government of the republic of Palau has reinstated Panos Kirnidis to head its ship registry, six weeks after taking the flag under state control after the US slapped sanctions on the private company operating the flag. The government insisted that the revamped open register would have tighter oversight, clearer accountability, and closer alignment with …
https://splash247.com/palau-revamps-shipping-register/
https://splash247.com/palau-revamps-shipping-register/Athens-based pool operator and shipmanager Heidmar has pulled the plug on its first-ever vessel acquisition after mutually terminating the deal a feeder containership. The Nasdaq-listed company said the agreement, announced last July, has been terminated in line with its terms. The deposit paid has been returned in full, and the company said there is no …
https://splash247.com/heidmar-walks-away-from-first-vessel-buy/
https://splash247.com/heidmar-walks-away-from-first-vessel-buy/US infrastructure investor Stonepeak has struck a joint venture terminal deal with French liner CMA CGM worth close to $10bn. Called United Ports, the joint venture will cover 10 of CMA CGM’s terminals worldwide. The JV is backed by a $2.4bn investment from Stonepeak for a 25% minority stake. The terminals involved are Los Angeles …
https://splash247.com/cma-cgm-and-stonepeak-form-united-ports/
https://splash247.com/cma-cgm-and-stonepeak-form-united-ports/The Federal Maritime Commission, America’s shipping regulator, has decided to fine Mediterranean Shipping Co (MSC) $22.67m for three infringements of the country’s Shipping Act. The first violation, which occurred during the period of 2018-2020, related to MSC’s billing of customs agents as notify parties for demurrage and detention charges through the merchant clause found in …
https://splash247.com/msc-hit-with-22-67m-fine-in-the-us/
https://splash247.com/msc-hit-with-22-67m-fine-in-the-us/Geneva Dry, the world’s premier commodities shipping conference, is delighted to reveal Delphine Bachmann, State Councillor in charge of the canton’s Department of Economy and Employment (DEE), will be giving the welcome address on day one of this year’s summit. “The presence of State Councillor Delphine Bachmann reflects the Canton of Geneva’s strong will to …
https://splash247.com/state-councillor-delphine-bachmann-to-open-geneva-dry-2026/
https://splash247.com/state-councillor-delphine-bachmann-to-open-geneva-dry-2026/PSA Singapore and Japanese shipping major Mitsui OSK Lines (MOL) have agreed to form a joint venture to run a dedicated roro terminal in the Lion City, tightening their grip on one of Asia’s busiest automotive transhipment hubs. The terminal, subject to regulatory approval, is expected to begin operations in the first half of this …
https://splash247.com/psa-and-mol-step-up-singapore-car-carrier-push/
https://splash247.com/psa-and-mol-step-up-singapore-car-carrier-push/Coast Guard Sector St. Petersburg crew members held a memorial service honoring the fallen crew members from Coast Guard Cutter Blackthorn, Wednesday, at the Blackthorn Memorial in St. Petersburg.The memorial ceremony marked the 46th anniversary…
https://www.marinelink.com/news/coast-guard-honors-fallen-crew-members-534990
https://www.marinelink.com/news/coast-guard-honors-fallen-crew-members-534990The newest addition to the Manson Construction Co. (Manson) fleet—the hopper dredge Frederick Paup—departed the Seatrium AmFELS shipyard in Brownsville, TX, on Tuesday afternoon, setting sail for Mobile, AL.Representing Manson’s single biggest investment since its founding in 1905…
https://www.marinelink.com/news/manson-construction-takes-delivery-new-534991
https://www.marinelink.com/news/manson-construction-takes-delivery-new-534991Signal Ocean has made a move to tighten its grip on shipping data and software, announcing the acquisition of French-based SaaS specialist AXSMarine. The deal brings together two well-known names in freight, market and commodities tracking, and underlines Signal Ocean’s plan to speed up product development and deepen its role across the shipping value chain. …
https://splash247.com/signal-ocean-snaps-up-axsmarine/
https://splash247.com/signal-ocean-snaps-up-axsmarine/