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Bangkok Port is to be relocated. Srettha Thavisin, Thailand’s prime minister, has vowed to regenerate the area along the Chao Phraya River in Klong Toey district where the port is currently based. He also said the decision to relocate the port would benefit local citizens from a drop in pollution, both from ships and the …
https://splash247.com/thai-pm-calls-for-bangkok-port-to-be-relocated/
https://splash247.com/thai-pm-calls-for-bangkok-port-to-be-relocated/Oslo-listed car carrier operator Wallenius Wilhelmsen has revealed another lucrative multi-year contract. The new deal, worth more than $1bn has been struck with one of the leading players in premium car brands to cover both shipping and logistics services, as well as the use of biofuel. The contract with rates in line with current market …
https://splash247.com/wallenius-wilhelmsen-nets-1bn-deal-in-premium-car-segment/
https://splash247.com/wallenius-wilhelmsen-nets-1bn-deal-in-premium-car-segment/There’s been a shuffling of the global liner rankings with Israeli carrier ZIM leaping above Taiwan’s Yang Ming. Consultancy Linerlytica reports that with the recent delivery of the 15,248 teu ZIM Mount Vinson, the Israeli carrier now has a larger operating capacity than Yang Ming, moving from 10th to ninth in the global rankings. ZIM …
https://splash247.com/zim-climbs-the-liner-rankings/
https://splash247.com/zim-climbs-the-liner-rankings/The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. According to data from Greece’s Xclusiv Shipbrokers tanker fleet growth will be just 0.02% in 2024, 1.7% next …
https://splash247.com/compelling-tanker-orderbook-augurs-well-for-rates-through-to-2026/
https://splash247.com/compelling-tanker-orderbook-augurs-well-for-rates-through-to-2026/An American investor in Euronav has returned to Belgium with another lawsuit in a bid to overturn deals struck between the European tanker giant’s shareholders last year. The New York-based FourWorld Capital Management has filed a claim with Antwerp Enterprise Court seeking to declare null and void all transactions agreed by Euronav’s supervisory board and …
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline with as much as 3m more barrels per day at risk from increasingly daring raids by Ukrainian drones. The 20% estimate is a significant jump from last week’s 15% estimate from NATO and comes as …
The Unified Command completed a line integrity test on the Main Pass Oil Gathering (MPOG) company's pipeline system near Plaquemines Parish, southeast of New Orleans, the U.S. Coast Guard said on Monday."Following a successful line integrity test of the MPOG line…
https://www.marinelink.com/news/us-coast-guard-gives-clear-louisiana-512814
https://www.marinelink.com/news/us-coast-guard-gives-clear-louisiana-512814Norwegian Cruise Line (NCL) has ordered eight new ships, the most comprehensive newbuild order in its history.The order represents nearly 25,000 additional berths, with new classes of ships for each of its three brands and the construction of a multi-ship pier at Great Stirrup Cay…
https://www.marinelink.com/news/ncl-orders-eight-new-ships-512815
https://www.marinelink.com/news/ncl-orders-eight-new-ships-512815More than 100 people died after a ferry boat sank off the northern coast of Mozambique, President Filipe Nyusi said on Monday, and almost 20 others were still missing.An official from the country's Maritime Transport Institute (INTRASMAR) said…
https://www.marinelink.com/news/dead-mozambique-ferry-sinks-512816
https://www.marinelink.com/news/dead-mozambique-ferry-sinks-512816At SAAM’s annual general meeting last week, Chairman Óscar Hasbún outlined the objectives for the company's new phase, following the sale of the port terminals and inland logistics division."SAAM has robust solvency and liquidity indicators…
https://www.marinelink.com/news/saam-seeks-further-growth-towage-business-512818
https://www.marinelink.com/news/saam-seeks-further-growth-towage-business-512818