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With the Hormuz crisis into its third month, terminal operator DP World has launched a first-of-its-kind cargo war risk insurance solution to help businesses navigate disruption across Middle East trade routes. The solution provides continuous coverage across the entire supply chain, from ocean or air transit through port storage and inland delivery. The solution covers …
https://splash247.com/dp-world-moves-into-shipping-war-risk-insurance/
https://splash247.com/dp-world-moves-into-shipping-war-risk-insurance/Monday saw the Trump administration launch the short-lived Project Freedom, an operation to get stranded vessels out of Hormuz. It was ditched the following day with the security situation in the Middle East deteriorating, ships hit, and Iran issuing fresh navigation guidelines claiming control over a widened section of the strait. This week’s Contributions pick …
ABS, HD Hyundai and Anduril Industries have signed a memorandum of understanding (MoU) to explore autonomous maritime capabilities.The MoU establishes a framework for the organizations to enable end-to-end solutions encompassing vessel design…
https://www.marinelink.com/news/abs-hd-hyundai-anduril-industries-advance-538953
https://www.marinelink.com/news/abs-hd-hyundai-anduril-industries-advance-538953Vane Brothers has announced the retirement of Captain Rick Iuliucci, Vice President of Operations, effective July 1.An official Change of Command takes place on June 1. At that time, Brendan MacGillivray assumes the role of Vane Brothers’ Chief…
https://www.marinelink.com/news/captain-rick-iuliucci-retires-vane-538954
https://www.marinelink.com/news/captain-rick-iuliucci-retires-vane-538954The U.S. military said it carried out retaliatory strikes on Iran on Thursday, targeting sites it said were responsible for attacking U.S. forces in what it called unprovoked hostilities by Tehran.Earlier, Iran's top joint military command said the U.S.
https://www.marinelink.com/news/us-says-carried-retaliatory-strikes-538955
https://www.marinelink.com/news/us-says-carried-retaliatory-strikes-538955It was March that South Korea’s LOTTE Fine Chemical announced that it has successfully completed the world’s first commercial cross-border import of green ammonia. Then on April 23, the Ulsan Port Authority announced the successful completion…
https://www.marinelink.com/news/south-korea-asias-green-ammonia-hub-538956
https://www.marinelink.com/news/south-korea-asias-green-ammonia-hub-538956A new quantum clock technology developed in Australia has now been deployed in space.Developed by QuantX Labs, TEMPO delivers up to 10 times the performance of current GNSS-based timing systems. In space, that translates to more resilient communications…
https://www.marinelink.com/news/australian-quantum-technology-support-538957
https://www.marinelink.com/news/australian-quantum-technology-support-538957Last week at MEPC 84, the Committee approved a technical guidance circular on co-optimizing propulsion equipment for energy efficiency and underwater radiated noise at the design and retrofit stage.The circular seeks to clarify potential trade…
https://www.marinelink.com/news/mepc-advances-underwater-radiated-noise-538958
https://www.marinelink.com/news/mepc-advances-underwater-radiated-noise-538958Japan's Mitsui O.S.K. Lines (MOL) said on Friday three of its vessels that transited the Strait of Hormuz and exited the Gulf in April did not pay transit fees, sticking to a principle of navigation under international law.Tehran has proposed fees or tolls on vessels passing through the Strait…
https://www.marinelink.com/news/mol-maintains-nofee-stance-hormuz-transit-538960
https://www.marinelink.com/news/mol-maintains-nofee-stance-hormuz-transit-538960The U.S. Coast Guard has awarded a contract valued at up to $400 million to Whiting Turner Contracting Company for the design and construction of new facilities at Coast Guard Training Center (TRACEN) Cape May, New Jersey. This marks the largest…
https://www.marinelink.com/news/coast-guard-awards-contract-new-training-538935
https://www.marinelink.com/news/coast-guard-awards-contract-new-training-538935