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Egypt’s National Navigation Company (NNC) is set to expand its fleet with a pair of kamsarmax bulk carrier newbuilds from China. The Cairo-based owner has commissioned Jiangsu Hantong Ship Heavy Industry to build and deliver the 82,000 dwt units in 2026. Established in 1981, National Navigation owns a fleet of 14 vessels flying the Egyptian …
https://splash247.com/egypts-national-navigation-signs-for-kamsarmax-newbuilds-in-china/
https://splash247.com/egypts-national-navigation-signs-for-kamsarmax-newbuilds-in-china/Wah Kwong has returned to New Dayang Shipbuilding for more ultramax bulk carrier newbuilds. The Hong Kong-based diversified shipowner has contracted the shipbuilding arm of state-run machinery manufacturer Sumec Group for a pair of Crown 63 Plus design vessels. No price or delivery dates were disclosed. Brokers are pricing similar newbuilds in China at about …
https://splash247.com/wah-kwong-books-two-ultramax-newbuilds-at-new-dayang/
https://splash247.com/wah-kwong-books-two-ultramax-newbuilds-at-new-dayang/Cocaine became Colombia’s largest export last year in US dollar terms, surpassing oil and coal, according to data from Bloomberg. Increasingly drug cartels are turning to coal shipments as a way to export their goods, using chemicals to create fake coal. Law firm A&A Multiprime Corp has released its 2024 Colombia Drug Smuggling Report, offering …
https://splash247.com/coal-shipments-targeted-by-colombian-drug-cartels/
https://splash247.com/coal-shipments-targeted-by-colombian-drug-cartels/Constantin Baack, the chief executive of Oslo-listed tonnage provider MPC Container Ships has been selected to take the helm at German asset and investment manager MPC Capital. Baack will take over from Ulf Holländer who will step down from the CEO role he has held for nine years. Holländer will move to the supervisory board …
https://splash247.com/constantin-baack-promoted-to-chief-executive-role-at-mpc-capital/
https://splash247.com/constantin-baack-promoted-to-chief-executive-role-at-mpc-capital/Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions.A raft of sanctions by the U.S.
https://www.marinelink.com/news/russia-reinsurer-backs-firms-india-marine-513237
https://www.marinelink.com/news/russia-reinsurer-backs-firms-india-marine-513237The end may be in sight, but the race for bigger cranes is still having an impact on offshore wind project efficiency.The industry has already felt the need for upgrading crane lifting capacity on existing offshore wind installation vessels…
https://www.marinelink.com/news/new-cranes-offshore-wind-efficiency-513238
https://www.marinelink.com/news/new-cranes-offshore-wind-efficiency-513238Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket pricing.Soaring demand for vacations at sea has…
https://www.marinelink.com/news/cruise-boom-royal-caribbean-lifts-profit-513239
https://www.marinelink.com/news/cruise-boom-royal-caribbean-lifts-profit-513239The U.K. on Thursday said its Royal Navy had shot down a missile fired by the Iran-backed Houthis from Yemen targeting a merchant vessel in the Gulf of Aden."The UK continues to be at the forefront of the international response to the Iranian-backed Houthis’ dangerous attacks on commercial vessels…
https://www.marinelink.com/news/britain-says-navy-shot-down-houthi-513240
https://www.marinelink.com/news/britain-says-navy-shot-down-houthi-513240A company’s lack of requirements for crew to regularly check below-deck compartments led to undetected flooding and the eventual capsizing of a dredging vessel last year on the Mississippi River, the National Transportation Safety Board (NTSB)…
https://www.marinelink.com/news/dredge-sunk-undetected-flooding-a-513241
https://www.marinelink.com/news/dredge-sunk-undetected-flooding-a-513241The first commercial vessel transited through a newly opened channel in the Port of Baltimore following the deadly collapse of the Francis Scott Key Bridge.The Fort McHenry Limited Access Channel (LAC) was opened as a temporary solution to provide…
https://www.marinelink.com/news/first-ship-departs-baltimore-limited-513242
https://www.marinelink.com/news/first-ship-departs-baltimore-limited-513242