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US terminal and logistics company Enstructure has agreed to acquire all marine terminal operations of LOGISTEC, creating a larger North American port and logistics platform. The deal covers LOGISTEC’s marine terminal operations across Canada and the United States, including the Gulf Stream Marine and LOGISTEC Direct brands. LOGISTEC provides bulk, breakbulk and container cargo-handling services, …
https://splash247.com/enstructure-to-acquire-logistec-terminal-business/
https://splash247.com/enstructure-to-acquire-logistec-terminal-business/Everllence has secured the world’s first order for its next-generation B&W ME-GI Mk10.7 dual-fuel methane engine, marking a significant milestone for the company’s methane-fuelled propulsion portfolio. The engines have been selected for a series of four 8,600 CEU car carriers being built for Norwegian shipowner Global Car Carriers (GCC). The order covers four 6S60ME-GI Mk10.7 …
https://splash247.com/everllence-secures-first-order-for-new-methane-dual-fuel-engine/
https://splash247.com/everllence-secures-first-order-for-new-methane-dual-fuel-engine/China Classification Society (CCS) has completed inspection and certification work for what is believed to be the world’s largest bulk carrier-to-container ship conversion project, marking a significant milestone for the ship conversion sector. The 80,000-dwt Kuang Chi Delta (pictured) was officially delivered following an extensive six-month conversion programme at Zhoushan Xinya Shipbuilding & Repair. The …
https://splash247.com/worlds-largest-bulk-to-container-conversion-completed-in-china/
https://splash247.com/worlds-largest-bulk-to-container-conversion-completed-in-china/The European Union has expanded its sanctions regime against Russia, targeting shipping-linked operations of energy giants Gazprom and Lukoil as part of a fresh package aimed at curbing Moscow’s energy revenues and disrupting the so-called shadow fleet. EU governments added 34 individuals and 47 entities to the sanctions list on Monday, with several measures focused …
https://splash247.com/shipping-arms-of-gazprom-and-lukoil-hit-in-latest-eu-sanctions-round/
https://splash247.com/shipping-arms-of-gazprom-and-lukoil-hit-in-latest-eu-sanctions-round/Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has re-entered the newbuilding market with an order for two kamsarmax bulk carriers in China. Multiple shipbuilding sources indicate the Athens-based owner has contracted New Dayang Shipbuilding for a pair of 82,000 dwt vessels slated for delivery in 2029. The order marks Iolcos’ first known newbuilding move …
https://splash247.com/iolcos-returns-to-newbuild-market-with-kamsarmax-pair-in-china/
https://splash247.com/iolcos-returns-to-newbuild-market-with-kamsarmax-pair-in-china/Greek container ship owner Euroseas has expanded its newbuilding programme in China, exercising options for two additional 1,800 teu feeder containerships at Nantong CIMC Sinopacific Offshore & Engineering. The Nasdaq-listed company said the vessels will be delivered in December 2028 and March 2029. Each ship carries a price tag of about $32.26m and will be …
https://splash247.com/euroseas-boosts-boxship-order-backlog/
https://splash247.com/euroseas-boosts-boxship-order-backlog/CMA CGM is set to strengthen its air cargo operations through the planned acquisition of Crystal Aero Solutions, a French aircraft maintenance company that already supports the carrier’s growing freighter fleet. The Marseille-based transport and logistics group has signed a preliminary agreement to acquire Crystal Aero Solutions, subject to the completion of employee consultation procedures. …
https://splash247.com/cma-cgm-moves-to-acquire-aircraft-maintenance-specialist/
https://splash247.com/cma-cgm-moves-to-acquire-aircraft-maintenance-specialist/The Strait of Hormuz remains one of the world’s most dangerous waterways despite diplomatic progress toward reopening the vital shipping artery, with explosions reported in the area, vessels still requiring military protection and uncertainty lingering over when normal trade can resume. Several explosions were heard in the strait on Monday, while reports also emerged that …
https://splash247.com/hormuz-threat-level-stays-severe-despite-peace-breakthrough/
https://splash247.com/hormuz-threat-level-stays-severe-despite-peace-breakthrough/ABS and MOBY Robotics Inc. have signed a memorandum of understanding (MoU) to advance technologies supporting subsea mining and offshore mineral transport.The MoU establishes a framework for ABS to support MOBY in the development, certification…
https://www.marinelink.com/news/abs-moby-robotics-sign-mou-subsea-mining-540322
https://www.marinelink.com/news/abs-moby-robotics-sign-mou-subsea-mining-540322Shipowners with older or harder-to-place vessels may have a stronger opportunity to test the recycling market over the coming months, as limited demolition supply continues to support recycler appetite despite weaker steel conditions in some…
https://www.marinelink.com/news/shipowners-test-opportunities-recycling-540324
https://www.marinelink.com/news/shipowners-test-opportunities-recycling-540324