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Singapore-based offshore service provider Megamas Resources has signed a letter of intent with German yard Lloyd Werft Bremerhaven to begin advanced discussions for the potential construction of a new multi-purpose cable laying vessel with an option for a second unit. Megamas said that the project, being done in partnership with Crewstone International Private Equity and …
https://splash247.com/megamas-taps-german-shipyard-for-cable-layer-construction/
https://splash247.com/megamas-taps-german-shipyard-for-cable-layer-construction/The scale of the training challenge is well-known and new approaches are emerging to meet it, writes Jennifer Harrison, vice president of ABS Training Solutions. Decarbonisation and digitalisation present a decades-long challenge to the shipping industry and there is a growing realisation that their impact will be felt most keenly by the people on whom …
https://splash247.com/beyond-the-certificate-using-technology-to-build-and-assess-competence/
https://splash247.com/beyond-the-certificate-using-technology-to-build-and-assess-competence/The Digital Container Shipping Association (DCSA) has provided details of the world’s first successful standards-based, interoperable electronic bill of lading (eBL) transaction, something the organisation claims marks a “significant advancement toward secure, scalable, and truly paperless global trade”. Despite the availability of digital alternatives for years, eBL adoption has remained constrained by platform fragmentation. The …
https://splash247.com/hmm-celebrates-landmark-electronic-bill-of-lading-transaction/
https://splash247.com/hmm-celebrates-landmark-electronic-bill-of-lading-transaction/The Syrian government and DP World have signed a memorandum of understanding worth $800m to develop Syria’s port of Tartous. The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free trade zones. Syria is seeking to attract foreign investments to boost its struggling economy, and the …
https://splash247.com/dp-world-invests-in-syria/
https://splash247.com/dp-world-invests-in-syria/Saudi Arabian liner newcomer Folk Maritime is pressing ahead with fleet expansion by adding three more vessels. The Riyadh-based feeder owner and operator, led by former Hamburg Süd boss Poul Hestbaek, has acquired the 702 teu Folk Yanbu, 1,118 teu Folk Jubail and the 1,868 teu Folk Dammam, taking its owned fleet to five ships. …
https://splash247.com/saudi-liner-folk-maritime-grows-fleet-with-triple-acquisition/
https://splash247.com/saudi-liner-folk-maritime-grows-fleet-with-triple-acquisition/Jamieson Greer, the US Trade Representative, has been in South Korea this week where shipbuilding talks have taken place as well as pitches made to become an alternate supply of port cranes. As well as meeting with government officials, Greer sat down with HD Hyundai vice chairman Chung Ki-sun with the pair discussing his shipyard’s …
https://splash247.com/hd-hyundai-pitches-port-cranes-to-us-trade-representative/
https://splash247.com/hd-hyundai-pitches-port-cranes-to-us-trade-representative/As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250m ($280m), according to a recent analysis by maritime data and compliance firm OceanScore. “FuelEU isn’t just another penalty,” …
https://splash247.com/how-to-profit-from-fueleu-maritime/
https://splash247.com/how-to-profit-from-fueleu-maritime/China has broken the record for the world’s largest car carrier for the second time in under a month with the sailaway of the Anji Ansheng, a 9,500 ceu ship owned by SAIC Anji Logistics, a subsidiary of China’s giant car manufacturer SAIC. The world’s largest car carrier in terms of capacity set sail on …
https://splash247.com/china-smashes-car-carrier-size-records-twice-in-less-than-a-month/
https://splash247.com/china-smashes-car-carrier-size-records-twice-in-less-than-a-month/Friday’s weekly publishing of spot rates from the Shanghai Shipping Exchange has given a stark picture of the frenzy building on the transpacific. Rates from China to the US west coast leapt 31% week-on-week, while rates to the east coast jumped 22% as shippers rush to make the most of a 90-day mini-reprieve in the …
https://splash247.com/shanghai-spot-box-rates-to-us-west-coast-leap-31-in-just-one-week/
https://splash247.com/shanghai-spot-box-rates-to-us-west-coast-leap-31-in-just-one-week/The Arctic’s bowhead whales can live for over 200 years. Imagine what they might hear in that time: screw propellers were only just being used to power ships 200 years ago, and diesel engines appeared some hundred years after that.The underwater radiated noise of shipping has grown globally…
https://www.marinelink.com/news/naturally-quiet-525804
https://www.marinelink.com/news/naturally-quiet-525804