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Britain’s Supreme Court has ruled that buyers can recover loss-of-bargain damages when seller negligence delays delivery under the Norwegian Saleform 2012, even where the breach is not serious enough to be considered repudiatory. The unanimous judgment stems from the failed $15m sale of the capsize bulker Lila Lisbon by Orion Shipping and Trading to Great …
https://splash247.com/uk-supreme-court-strengthens-shipbuyer-rights/
https://splash247.com/uk-supreme-court-strengthens-shipbuyer-rights/Sinotrans Container Lines is moving to double its feeder programme at China Merchants’ revived Qingshan Shipyard with a second batch of four 1,800 teu vessels. The carrier’s Hong Kong subsidiary issued a direct procurement invitation to Qingshan this month covering construction of the quartet. The latest move follows a contract signed in May for an …
https://splash247.com/sinotrans-lines-up-second-qingshan-feeder-quartet/
https://splash247.com/sinotrans-lines-up-second-qingshan-feeder-quartet/SimFer, the Joint Venture between the Government of Guinea, Rio Tinto and the Chinalco-led CIOH Consortium, has named its first transhipment vessel (TSV), Wontanara.The vessel will be deployed to support Simandou, the largest greenfield mining and related infrastructure project in Africa…
https://www.marinelink.com/news/worlds-fastest-selfunloader-ready-541523
https://www.marinelink.com/news/worlds-fastest-selfunloader-ready-541523HD Korea Shipbuilding & Offshore Engineering has signed an agreement with Siemens Digital Industries Software to develop an AI-powered shipyard.The next-generation marine platform is centered on integrating the entire shipbuilding process—from vessel design and production to supply chain management…
https://www.marinelink.com/news/ksoe-siemens-partner-aipowered-shipyard-541524
https://www.marinelink.com/news/ksoe-siemens-partner-aipowered-shipyard-541524An analysis of rare earth-rich mud retrieved from the deep seabed off a remote Pacific Island earlier this year found medium and heavy rare earth elements accounted for about 54% of the total rare earth content, Japan's government said on Friday.But…
https://www.marinelink.com/news/japan-finds-rare-earth-mud-near-remote-541526
https://www.marinelink.com/news/japan-finds-rare-earth-mud-near-remote-541526Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz stayed low over the weekend, shipping data from Kpler showed on Monday.Eleven…
https://www.marinelink.com/news/red-sea-shipping-slows-houthi-attack-541529
https://www.marinelink.com/news/red-sea-shipping-slows-houthi-attack-541529An international general cargo vessel sank off the coast of Ukraine's Black Sea port of Odesa on Sunday, a week after Ukrainian officials said it had been struck by Russian forces.Ukraine's ports authority said the Golden Leo, sailing under a Guinea-Bissau flag, had sunk near the port.
https://www.marinelink.com/news/vessel-sinks-week-struck-russian-fire-541530
https://www.marinelink.com/news/vessel-sinks-week-struck-russian-fire-541530Rescuers were searching on Sunday for 17 people still missing after a Vietnamese ship sank in the busy waterway of the South China Sea, while 45 have been pulled from the waters since Saturday night, China's state broadcaster CCTV said.Chinese authorities said the cargo vessel Khoi Nguyen 18…
https://www.marinelink.com/news/rescuers-search-survivors-vessel-sinks-541531
https://www.marinelink.com/news/rescuers-search-survivors-vessel-sinks-541531Capesize The market regained momentum over the course of the week, recovering from a subdued opening to finish on a significantly firmer footing as confidence returned across both the Pacific and Atlantic basins. Early weakness was driven by limited activity and a lack of fresh enquiry, leaving owners under pressure and voyage rates drifting lower. ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-gaining-momentum/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-gaining-momentum/Cooperative Ventures has announced an investment in OpenTug, an AI-native logistics technology company specializing in inland and coastal marine transportation. Cooperative Ventures, a joint venture between CHS Inc. and GROWMARK, focuses on…
https://www.marinelink.com/news/cooperative-ventures-invests-opentug-541514
https://www.marinelink.com/news/cooperative-ventures-invests-opentug-541514