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A salvage team has arrived at the scene of the burning car carrier Morning Midas, located approximately 220 miles south of Adak, Alaska.The US Coast Guard received the initial report of the fire Tuesday, June 3, at approximately 3:15 p.m. and has been working closely with Zodiac Maritime…
https://www.marinelink.com/news/salvors-arrive-burning-car-carrier-526656
https://www.marinelink.com/news/salvors-arrive-burning-car-carrier-526656Shipping is entering an exciting, potentially transformative era over the coming decade, reckons Ben Palmer, the president of Inmarsat Maritime. The question he has though, is whether the industry will be able to grab all the opportunities out there, or will its conservative, fragmented nature hold it back? “The fundamental shipping business model has not …
https://splash247.com/inmarsat-the-opportunity-to-transform-is-fantastic/
https://splash247.com/inmarsat-the-opportunity-to-transform-is-fantastic/Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its panamax vessels. The company hired the 2014-built, 77,529 dwt ice-class bulker Atalandi. The gross charter rate is $9,000 per day for the 35 days of the charter period and $10,100 per day for the balance period …
https://splash247.com/diana-shipping-charters-out-panamax-to-stone-shipping/
https://splash247.com/diana-shipping-charters-out-panamax-to-stone-shipping/A fire and explosion aboard the Singapore-flagged containership Wan Hai 503 have left four crew members missing off the southwest coast of India. The incident occurred on Monday around 12.30 hrs Singapore time, some 80 km southwest of Azhikkal, Kerala. The 4,333 teu vessel, operated by Wan Hai Lines, had 22 crew members onboard at …
https://splash247.com/four-missing-in-van-hai-boxship-blaze-off-india/
https://splash247.com/four-missing-in-van-hai-boxship-blaze-off-india/GTCR, a private equity firm, announced that it has entered into a partnership with maritime industry leader Manish Singh to form Maris Investments, LLC (Maris). Maris will seek to acquire companies in the maritime technology sector to build…
https://www.marinelink.com/news/gtcr-manish-singh-partner-form-maris-526639
https://www.marinelink.com/news/gtcr-manish-singh-partner-form-maris-526639IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry's need for significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change at the Blue Economy Finance Forum in Monaco…
https://www.marinelink.com/news/imo-global-shipping-industry-gearing-526640
https://www.marinelink.com/news/imo-global-shipping-industry-gearing-526640Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, five years earlier than promised, Prime Minister Mark Carney said on Monday.Canada has been under pressure…
https://www.marinelink.com/news/canada-increase-defense-spend-hitting-526641
https://www.marinelink.com/news/canada-increase-defense-spend-hitting-526641U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes said on Monday.China is the top U.S.
https://www.marinelink.com/news/us-container-imports-decline-may-china-526642
https://www.marinelink.com/news/us-container-imports-decline-may-china-526642Flex-lay specialist Maritime Developments Ltd (MDL) has appointed David Hunt to the Board, into the newly created role of Technical Director.David brings with him over 20 years of offshore project delivery leadership across global Contractor and Operator roles…
https://www.marinelink.com/news/mdl-adds-technical-director-board-526645
https://www.marinelink.com/news/mdl-adds-technical-director-board-526645Lloyd’s Register (LR) and China Cruise Limited (China Cruises) have signed a strategic cooperation framework agreement to collaborate on key areas including cruise safety, technology R&D, green transition, and digitalization. Following its full classification services for Adora Magic City…
https://www.marinelink.com/news/lr-china-cruises-sign-cooperation-526646
https://www.marinelink.com/news/lr-china-cruises-sign-cooperation-526646