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PE capital has turbocharged shipmanagement consolidation. But in a business built on safety, seafarers and decades-long relationships, the fit has never been straightforward. The latest installment from our new shipmanagement magazine. Capital has flooded into third-party shipmanagement over the past decade, backing consolidation, fuelling technology investment and reshaping the competitive landscape. But industry veterans remain …
https://splash247.com/private-equity-and-shipmanagement/
https://splash247.com/private-equity-and-shipmanagement/The Panama Canal Authority (ACP) has announced a reduction in the maximum authorised draft for vessels transiting its neopanamax locks, a move likely to rekindle concerns across global shipping about a repeat of the severe disruption experienced during the canal’s last drought crisis. Effective July 3, vessels using the neopanamax locks will be limited to …
https://splash247.com/panama-canal-draft-cut-revives-memories-of-drought-crisis/
https://splash247.com/panama-canal-draft-cut-revives-memories-of-drought-crisis/Middle East tensions have escalated sharply after Israel launched strikes against Iran, triggering fresh concerns for global shipping markets already grappling with disruption in the Strait of Hormuz and renewed threats in the Red Sea. The Israeli military said it had struck a petrochemical plant in Iran’s southwest, along with military targets in western and …
https://splash247.com/houthis-enter-the-fray-as-israel-and-iran-trade-missiles/
https://splash247.com/houthis-enter-the-fray-as-israel-and-iran-trade-missiles/Taiwan's coast guard said on Sunday that its ships had "expelled" four Chinese government ships that entered restricted waters off the island's south after the two sides broadcast testy warnings to each other, in an escalation of tensions.China…
https://www.marinelink.com/news/taiwan-expels-chinese-ships-restricted-540020
https://www.marinelink.com/news/taiwan-expels-chinese-ships-restricted-540020A dual fuel combustion system developed by Oak Ridge National Laboratory (ORNL) in collaboration with Caterpillar Inc. addresses the challenge of methanol ignition in diesel engines, with clear relevance for inland and coastal marine vessels.Methanol is typically produced from natural gas…
https://www.marinelink.com/news/methanol-fuel-retrofit-developed-inland-540021
https://www.marinelink.com/news/methanol-fuel-retrofit-developed-inland-540021A new consortium facilitated by the Global Maritime Forum and RMI will work to establish a green shipping corridor between the Port of Açu in Brazil and the Port of Antwerp-Bruges in Belgium.In addition to the port teams on both ends of the corridor…
https://www.marinelink.com/news/consortium-advance-efuel-green-corridor-540022
https://www.marinelink.com/news/consortium-advance-efuel-green-corridor-540022The Australian Trasport Safety Bureau (ATSB) has published an interim report from its ongoing investigation into the breakaway of four ships during a storm at the Port of Brisbane last year.Three large container ships broke their moorings, and one subsequently grounded…
https://www.marinelink.com/news/report-details-four-ship-breakaways-540023
https://www.marinelink.com/news/report-details-four-ship-breakaways-540023A Tanzania-registered container ship, Golden Star 1, sank about 6 km off Batam, Indonesia, on June 5 at around 10:30pm local time.The vessel reportedly took on water and subsequently sank. All nine crew members were safely rescued by the Indonesian…
https://www.marinelink.com/news/container-ship-sinks-off-batam-540024
https://www.marinelink.com/news/container-ship-sinks-off-batam-540024Chinese owner Fujian Shipping Group has ordered four multipurpose heavylift vessels at Nantong Xiangyu Shipbuilding & Offshore Engineering. The contract covers 62,000 dwt newbuilds, adding a new series of project cargo-capable ships to the state-backed owner’s fleet renewal programme. Designed to serve both bulk and breakbulk trades, the vessels combine the cargo-carrying capacity of a …
https://splash247.com/fujian-shipping-orders-quartet-of-heavylift-newbuilds/
https://splash247.com/fujian-shipping-orders-quartet-of-heavylift-newbuilds/Energy trader BGN has returned to South Korea for another round of VLGC ordering, signing a contract with HD Hyundai Heavy Industries for two dual-fuel gas carriers that will take its owned LPG fleet to 19 vessels. The latest order covers two 93,000 cu m very large gas carriers, with delivery scheduled in 2029. The …
https://splash247.com/bgn-doubles-down-on-lpg-shipping-with-pair-of-hd-hyundai-vlgcs/
https://splash247.com/bgn-doubles-down-on-lpg-shipping-with-pair-of-hd-hyundai-vlgcs/