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Port congestion is doing container shipping an enormous favour, absorbing 2.3m teu of vessel capacity at precisely the moment the industry is preparing for a potentially brutal release of tonnage from both newbuildings and a return to the Suez Canal. New Sea-Intelligence data shows worsening delays have rendered 6.6% of the global containership fleet effectively …
https://splash247.com/congestion-masks-container-shippings-coming-capacity-shock/
https://splash247.com/congestion-masks-container-shippings-coming-capacity-shock/The fragile lull in the Strait of Hormuz has shattered, with the US and Iran exchanging fire for the first time in more than a month just as a fresh series of attacks on merchant shipping threatens to close down hard-won transit routes. Iran’s Revolutionary Guard claimed on Monday that an unidentified tanker had struck …
https://splash247.com/hormuz-shipping-back-in-firing-line-as-us-iran-strikes-resume/
https://splash247.com/hormuz-shipping-back-in-firing-line-as-us-iran-strikes-resume/At least eight people died and 18 were missing after a ferry carrying around 270 passengers and crew capsized off North Cyprus on Sunday, leaving survivors clinging to its overturned hull.The privately owned ferry left the port of Kyrenia at 12:30 p.m.
https://www.marinelink.com/news/death-toll-rises-ferry-capsizes-off-542539
https://www.marinelink.com/news/death-toll-rises-ferry-capsizes-off-542539Iran's energy hub of Kharg Island is being blown to smithereens, U.S. President Donald Trump said on Sunday, after forces hit two rocket launchers on another island in the first known American strikes on the Islamic republic since late July.Attacking Kharg…
https://www.marinelink.com/news/us-claims-strike-two-iranian-sea-mine-542540
https://www.marinelink.com/news/us-claims-strike-two-iranian-sea-mine-542540The American Great Lakes Ports Association has signed a Memorandum of Understanding (MoU) with the Great Lakes Alliance of Shipyards to advance shared priorities in domestic shipbuilding and commerce.The MoU marks the first formal partnership between the U.S.
https://www.marinelink.com/news/great-lakes-ports-shipyards-formalize-542541
https://www.marinelink.com/news/great-lakes-ports-shipyards-formalize-542541The number of visible commodity vessels transiting the Strait of Hormuz dropped to five per day over the weekend, shipping data showed on Monday, as companies tread cautiously amid continued attacks on ships.The actual number of ships passing…
https://www.marinelink.com/news/tanker-hit-hormuz-sailings-drop-542542
https://www.marinelink.com/news/tanker-hit-hormuz-sailings-drop-542542Just two years after the worst drought in the Panama Canal's history forced ships to wait weeks for passage and triggered multi-million-dollar bidding wars for transit slots, El Niño is again threatening the rainfall that feeds the waterway.With El Niño strengthening and reservoirs shrinking…
https://www.marinelink.com/news/el-nios-return-means-panama-canal-542543
https://www.marinelink.com/news/el-nios-return-means-panama-canal-542543Contecon Manzanillo S.A. de C.V. (CMSA), International Container Terminal Services, Inc.'s (ICTSI) Mexican unit, has paved the way for the Port of Manzanillo to accommodate ultra large container vessels after receiving the go-ahead to handle ships with drafts of up to 15.5 meters.
https://www.marinelink.com/news/contecon-manzanillo-ready-ultra-large-542544
https://www.marinelink.com/news/contecon-manzanillo-ready-ultra-large-542544Singapore and Brazil have signed a Memorandum of Understanding (MoU) to establish the Singapore-Brazil Green and Digital Shipping Corridor. The MoU was signed by Singapore’s Minister for Transport, Jeffrey Siow, and Brazil’s Minister of Ports and Airports…
https://www.marinelink.com/news/singapore-brazil-develop-green-digital-542546
https://www.marinelink.com/news/singapore-brazil-develop-green-digital-542546Austal USA has started construction on its third U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC), the future USCGC Ingham, at the company’s Mobile, Ala. ship manufacturing facility.Ingham is being built under a contract that includes…
https://www.marinelink.com/news/austal-usa-starts-construction-uscgc-542548
https://www.marinelink.com/news/austal-usa-starts-construction-uscgc-542548