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US financial services company Intercontinental Exchange will launch four container freight futures covering freight shipping routes between the US, Asia and Europe, indexed to the New York Shipping Exchange’s (NYSHEX) freight indices (NYFI) price assessments. The contracts are expected to launch on April 7, subject to regulatory approval. ICE’s US-denominated cash-settled container freight futures include …
https://splash247.com/another-outlet-launches-for-container-freight-futures/
https://splash247.com/another-outlet-launches-for-container-freight-futures/Behind closed doors, authorities in Beijing are taking action in response to Panama’s decision to revoke Hong Kong-based CK Hutchison’s running of two container terminals in Panama, and the subsequent handing over temporary operations to subsidiaries of the world’s two largest containerlines, Mediterranean Shipping Co (MSC) and Maersk. In late January, Panama’s Supreme Court annulled …
https://splash247.com/beijing-counters-panamas-port-takeover/
https://splash247.com/beijing-counters-panamas-port-takeover/Singapore-headquartered liner Ocean Network Express is increasing its exposure to the world’s largest containership lessor while new capital from shipbuilder Yangzijiang Shipbuilding enters the same investment vehicle. The shipping line, formed by Japanese majors MOL, NYK and K Line, said it has struck agreements to raise its ownership in Poseidon Acquisition Corp, the holding company …
https://splash247.com/one-raises-seaspan-stake-to-nearly-49-as-yangzijiang-invests-825m/
https://splash247.com/one-raises-seaspan-stake-to-nearly-49-as-yangzijiang-invests-825m/FRS Clipper has launched Emerald Clipper, a new whale watching catamaran in Seattle.The 103-foot catamaran features two expansive, wind-protected viewing decks, floor-to-ceiling windows.Designed by One2Three Naval Architects in Sydney, Australia, and built by Mavrik Marine, Inc.
https://www.marinelink.com/news/whale-watching-catamaran-launched-seattle-536799
https://www.marinelink.com/news/whale-watching-catamaran-launched-seattle-536799PPG has completed its 200th vessel dry docking using electrostatic application of marine fouling control coatings, nearly three years after introducing the technique to the global shipping market.The project was completed on the Stena Britannica…
https://www.marinelink.com/news/ppg-completes-th-drydocking-using-536800
https://www.marinelink.com/news/ppg-completes-th-drydocking-using-536800Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables.Subsea power cable design, installation and operation pose unique challenges due to harsh marine environments…
https://www.marinelink.com/news/abs-publishes-new-technical-standard-536802
https://www.marinelink.com/news/abs-publishes-new-technical-standard-536802The Coast Guard and partner agencies are responding to a barge fire in the Delaware Bay.At 8:20 a.m., Coast Guard Sector Delaware Bay watchstanders received a call from the tug Douglas J reporting the barge they were towing was on fire.
https://www.marinelink.com/news/barge-catches-fire-delaware-bay-536804
https://www.marinelink.com/news/barge-catches-fire-delaware-bay-536804India’s decision to introduce additional documentation checks before end-of-life vessels are cleared could prevent the practice of fake documents among the dark fleet, says leading vessel cash buyer Wirana Shipping Corporation.The recent decision…
https://www.marinelink.com/news/enhanced-indian-scrutiny-raises-barriers-536805
https://www.marinelink.com/news/enhanced-indian-scrutiny-raises-barriers-536805The New Zealand government will not move forward with plans to reinstate live animal exports by sea, ensuring the ban on the trade remains in place at least for this parliamentary term.Associate Agriculture Minister Andrew Hoggard confirmed…
https://www.marinelink.com/news/nz-government-drops-plans-revive-live-536808
https://www.marinelink.com/news/nz-government-drops-plans-revive-live-536808China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa…
https://www.marinelink.com/news/report-cosco-shipping-suspends-operations-536809
https://www.marinelink.com/news/report-cosco-shipping-suspends-operations-536809