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The containership orderbook has reached a record high of 10.4m teu, according to data from Asian container consultancy Linerlytica, with the orderbook ratio rising to 31.7% of the fleet – its highest levels since 2010. “The last time the orderbook ratio exceeded this level in 2004-2009, it ended in a decade-long supply overhang that took …
https://splash247.com/10-4m-teu-container-orderbook-raises-spectre-of-decade-long-supply-glut/
https://splash247.com/10-4m-teu-container-orderbook-raises-spectre-of-decade-long-supply-glut/Cat Pushes Forward on Hybrid Electric Solutions, Alternative FuelsAs the maritime industry continues its transformation driven by decarbonization mandates, OEMs like Caterpillar are central to paving the path. Will Watson, Marine Product Manager…
https://www.marinelink.com/news/maritime-power-insights-watson-marine-529064
https://www.marinelink.com/news/maritime-power-insights-watson-marine-529064“In a global marketplace, supply and demand in one area of the world can greatly impact the agricultural production in another. American products are shipped worldwide …” is how the U.S. Department of Agriculture (USDA) describes the backdrop for international trade.
https://www.marinelink.com/news/inland-waterways-system-driver-us-economy-529066
https://www.marinelink.com/news/inland-waterways-system-driver-us-economy-529066North Korean leader Kim Jong Un said his country needed to rapidly expand its nuclear armament and called U.S.-South Korea military exercises an "obvious expression of their will to provoke war," state media KCNA reported on Tuesday.South Korea…
https://www.marinelink.com/news/north-korea-calls-ussouth-korea-drills-529074
https://www.marinelink.com/news/north-korea-calls-ussouth-korea-drills-529074Samsung Heavy Industries has secured orders for six LNG carriers from two shipowners from Oceania.The vessels, two for one owner, four for the other, are expected to be delivered starting November 2028.Business Korea reports that Samsung Heavy Industries has secured orders for seven LNG carriers…
https://www.marinelink.com/news/shi-secures-order-six-lng-carriers-529075
https://www.marinelink.com/news/shi-secures-order-six-lng-carriers-529075Three U.S. Aegis guided-missile destroyers will arrive off the coast of Venezuela in the next 36 hours as part of an effort to address threats from Latin American drug cartels, two sources briefed on the matter said on Monday.President Donald…
https://www.marinelink.com/news/drug-cartels-three-us-destroyers-head-529076
https://www.marinelink.com/news/drug-cartels-three-us-destroyers-head-529076A keel-laying ceremony has been held for Surveyor, a new charting and mapping vessel being constructed for NOAA by Thoma-Sea Marine Constructors, LLC., in Houma, Louisiana.In 2023, NOAA announced two new charting and mapping vessels would be added to its fleet.
https://www.marinelink.com/news/keel-laid-noaa-charting-mapping-vessel-529077
https://www.marinelink.com/news/keel-laid-noaa-charting-mapping-vessel-529077Incat Crowther has been commissioned by Cruise Whitsundays, part of Australian tourism group Journey Beyond, to design a 36-meter passenger vessel that will be built by Austal Vietnam.The vessel will be deployed year-round as a resort connection service between Airlie Beach…
https://www.marinelink.com/news/incat-crowther-design-whitsundays-529078
https://www.marinelink.com/news/incat-crowther-design-whitsundays-529078The Supreme Court of Sri Lanka has found the owner, operator, and local agent of the container ship X-Press Pearl liable for environmental and economic damage caused by the 2021 fire and sinking of the vessel.The ship's registered owner, EOS Ro Pte.
https://www.marinelink.com/news/billion-fine-xpress-pearl-disaster-529080
https://www.marinelink.com/news/billion-fine-xpress-pearl-disaster-529080The 174,000 cubic meter capacity LNG carrier Al Zuwair has been delivered from the HHI Ulsan Shipyard of HD Hyundai Heavy Industries and will be deployed under a time-charter contract with QatarEnergy. The vessel will be managed by the NYK Group.Al…
https://www.marinelink.com/news/lng-carrier-al-zuwair-delivered-529081
https://www.marinelink.com/news/lng-carrier-al-zuwair-delivered-529081