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Wilhelmsen Ship Management has launched a dedicated vessel lifecycle company called Cyclus Marine. Covering newbuildings, drydocking, riding crews, retrofits, conversions and recycling, the new company’s stated aim is to protect asset value, reduce risk, and support long-term performance. “Cyclus Marine brings together capabilities we already deliver daily, except now we present them in a clearer, …
https://splash247.com/wilhelmsen-debuts-vessel-lifecycle-specialist/
https://splash247.com/wilhelmsen-debuts-vessel-lifecycle-specialist/Hong Kong owner Wah Kwong Maritime Transport has carved out its dry bulk activities into a standalone unit, launching Wah Kwong Bulk as it looks to scale up in the segment. The new entity will combine shipowning and operating under one roof, formalising a model the group has been building in recent years as it …
https://splash247.com/wah-kwong-spins-off-dry-bulk-arm-with-60-ship-target/
https://splash247.com/wah-kwong-spins-off-dry-bulk-arm-with-60-ship-target/Wolfgang Lehmacher on how the world needs to learn to live without the ‘extreme dependence’ on a single sea lane. The world has lived under the Hormuz bargain: extreme dependence on a single sea lane for cheap energy and food. About a quarter of all seaborne oil moves through the Strait of Hormuz. Large shares of …
https://splash247.com/the-end-of-the-hormuz-bargain/
https://splash247.com/the-end-of-the-hormuz-bargain/Iran escalated its rhetoric on Wednesday, with the commander of its joint military command threatening to extend disruption far beyond the Strait of Hormuz unless Washington lifts its naval blockade of Iranian ports. According to Iranian state media, Ali Abdollahi warned that Tehran would “act with strength to defend its national sovereignty and its interests,” …
https://splash247.com/iran-threatens-wider-blockade/
https://splash247.com/iran-threatens-wider-blockade/Israeli liner operator ZIM is preparing for a leadership change, with long-serving chief executive Eli Glickman set to step down. The company said Glickman has informed the board of his decision to leave, but will remain in place for a six-month notice period to support an orderly handover while a successor is identified. The board …
https://splash247.com/zim-chief-eli-glickman-to-step-down/
https://splash247.com/zim-chief-eli-glickman-to-step-down/Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without risk of attack as part of proposals it has offered in negotiations with the United States, providing a deal is clinched to prevent renewed conflict…
https://www.marinelink.com/news/iran-offer-oman-exit-proposal-538115
https://www.marinelink.com/news/iran-offer-oman-exit-proposal-538115Princess Cruises has announced agreements with Fincantieri to build three new cruise ships that are slated to be delivered in late 2035, 2038 and 2039.The new ships, which will be the largest by capacity in the Princess Cruises fleet, will be built at Fincantieri’s shipyard in Monfalcone…
https://www.marinelink.com/news/princess-cruises-orders-three-voyager-538116
https://www.marinelink.com/news/princess-cruises-orders-three-voyager-538116Seaspan Marine has entered in to an agreement with Hodder Tugboat to sell its legacy chip and hog fuel barge division, and remaining forestry industry transportation assets.The transaction is inclusive of the workforce, existing services and related assets…
https://www.marinelink.com/news/seaspan-marine-sells-chip-hog-fuel-barge-538117
https://www.marinelink.com/news/seaspan-marine-sells-chip-hog-fuel-barge-538117Four States deposited their instruments of ratification of the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 2010 (2010 HNS Convention), bringing the treaty’s entry into force a step closer.
https://www.marinelink.com/news/hazardous-cargo-compensation-regime-close-538118
https://www.marinelink.com/news/hazardous-cargo-compensation-regime-close-538118Building on strong momentum and record performance, Holland America Line has announced Holland America Evolution, a multiyear investment to reimagine six ships.Representing the most ambitious guest experience update in the company's 153-year history…
https://www.marinelink.com/news/holland-america-line-upgrade-six-ships-538121
https://www.marinelink.com/news/holland-america-line-upgrade-six-ships-538121