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China’s coal import policy is shifting and this could impact the dry bulk market. In its latest weekly report, shipbroker Intermodal said that “after setting an all-time high for coal imports in 2024, China appears to be entering a new phase of recalibration. Preliminary data for 2025 points to a significant deceleration in seaborne coal ...
https://www.hellenicshippingnews.com/dry-bulk-market-chinas-coal-imports-could-keep-declining/
https://www.hellenicshippingnews.com/dry-bulk-market-chinas-coal-imports-could-keep-declining/Venergy Maritime, the Greece-based tanker newcomer led by Vyron Vasileiadis, has placed its first newbuilding order, contracting two MR product tankers at South Korea’s K Shipbuilding. The firm order for the 50,000 dwt pair is for delivery in the first quarter of 2027, with each vessel priced at up to around $50m —a figure broadly …
Four maritime associations have launched the Global Alliance for Maritime Electrification (GAME), a coalition of nonprofit organisations looking to accelerate the electrification of maritime transportation. The new alliance will initially focus on inland, nearshore, and commercial vessels and push for zero-emission solutions through coordinated research, policy advocacy, and industry collaboration. The four founding members, International …
https://splash247.com/new-maritime-electrification-alliance-out-to-change-zero-emission-game/
https://splash247.com/new-maritime-electrification-alliance-out-to-change-zero-emission-game/Houston-based McDermott has secured an offshore transportation and installation contract from BRAVA Energia for subsea work at two major deepwater developments in Brazil. The scope covers transportation and installation of flexible flowlines, umbilicals, and associated subsea equipment for four new wells—two each at the Papa-Terra field in the Campos Basin and the Atlanta field in …
https://splash247.com/mcdermott-picks-up-brazilian-contract/
https://splash247.com/mcdermott-picks-up-brazilian-contract/Danish firm DecarbonICE is looking to develop a full CO2 transport value chain with the gas in solid form, otherwise known as dry ice. The company wants to show the benefits of this kind of transfer compared to transporting CO2 in liquid form in pressurised cryogenic tanks. Dry ice would be transported in pellet form …
https://splash247.com/danes-press-ahead-with-project-to-ship-co2-in-containers/
https://splash247.com/danes-press-ahead-with-project-to-ship-co2-in-containers/Mitsui O.S.K. Lines (MOL) has signed a Memorandum of Understanding (MoU) with Kinetics, the energy transition initiative of global floating power leader Karpowership, to jointly develop a next-generation floating data center platform.Under the MoU…
https://www.marinelink.com/news/mol-teams-kinetics-worlds-first-floating-527676
https://www.marinelink.com/news/mol-teams-kinetics-worlds-first-floating-527676Marine solutions company TAI Engineers, part of S&B, has welcomed Matt Garner as its new president.Garner succeeds Bill Krewsky, who will retire in September.He brings more than 28 years of executive leadership and technical expertise in maritime technology and defense systems.Most recently…
https://www.marinelink.com/news/tai-engineers-appoints-new-chief-527677
https://www.marinelink.com/news/tai-engineers-appoints-new-chief-527677ABB has signed a 15-year service agreement with Royal Caribbean Group, a vacation industry giant with a global fleet of 67 ships across its five brands.Covering 33 existing ships, the comprehensive agreement includes preventive maintenance and…
https://www.marinelink.com/news/abb-hooks-year-service-deal-royal-527678
https://www.marinelink.com/news/abb-hooks-year-service-deal-royal-527678Kongsberg Maritime has signed a contract with Samsung Heavy Industries (SHI) to supply integrated technology packages for nine new Dynamic Positioning (DP) Shuttle Tankers, being built for Greek shipowner Tsakos Group.The vessels will be a bare…
https://www.marinelink.com/news/kongsberg-maritime-equip-tsakos-groups-527679
https://www.marinelink.com/news/kongsberg-maritime-equip-tsakos-groups-527679A Greek-operated bulk carrier, Magic Seas, sustained severe damage in a multi-pronged attack off the coast of Yemen on Sunday, believed to have been carried out by Houthi militants. All 19 crew members aboard were safely rescued and are expected to arrive in Djibouti later Monday…
https://www.marinelink.com/news/greek-bulk-carrier-attacked-red-sea-crew-527680
https://www.marinelink.com/news/greek-bulk-carrier-attacked-red-sea-crew-527680