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Ningbo Ocean Shipping Co (NBOSCO) is continuing its containership fleet expansion with a fresh order for four 4,300 teu vessels at Huangpu Wenchong Shipbuilding. The newbuildings are scheduled for delivery in 2029 and follow the company’s earlier plan announced this year to invest up to $278m in this series. While the yard was initially to …
https://splash247.com/ningbo-ocean-shipping-back-at-huangpu-wenchong-for-4300-teu-series/
https://splash247.com/ningbo-ocean-shipping-back-at-huangpu-wenchong-for-4300-teu-series/Japan’s Mitsui OSK Lines (MOL) has signed a joint development agreement with trading house Itochu Corporation to carry out the world’s first ship-to-ship ammonia bunkering operations in Singapore. The project, slated for the second half of 2027, will see MOL deploy its coming fleet of ammonia dual-fuel capesize bulkers while Itochu brings in its 5,000 …
https://splash247.com/mol-and-itochu-ink-deal-for-singapore-ammonia-bunkering-demo/
https://splash247.com/mol-and-itochu-ink-deal-for-singapore-ammonia-bunkering-demo/Ammonia as a frontrunner in shipping’s fuel of the future stakes is very much back in the headlines with news of a first green ammonia bunkering operation concluded recently in China, and Japanese companies mapping out landmark ammonia bunkering ops in Singapore, the world’s largest bunkering hub, scheduled for 2027. Moreover, new data carried by …
https://splash247.com/ammonia-engine-tests-show-95-emission-cut/
https://splash247.com/ammonia-engine-tests-show-95-emission-cut/Baltimore’s already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port. The 81,681 dwtW Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX’s Curtis Bay terminal around 6:30 pm when a blast ripped through its …
https://splash247.com/explosion-rocks-bulk-carrier-departing-baltimore/
https://splash247.com/explosion-rocks-bulk-carrier-departing-baltimore/Korea Marine Transport Co (KMTC) has been linked to its biggest move yet in the newbuild market, locking in an order for four 13,000 teu containerships at HD Hyundai yards. Brokers report the Seoul-based liner operator has committed to the quartet at around $150m per ship, marking a significant step up in vessel size for …
https://splash247.com/kmtc-upsizes-fleet-with-600m-order-at-hd-hyundai/
https://splash247.com/kmtc-upsizes-fleet-with-600m-order-at-hd-hyundai/The containership orderbook has reached a record high of 10.4m teu, according to data from Asian container consultancy Linerlytica, with the orderbook ratio rising to 31.7% of the fleet – its highest levels since 2010. “The last time the orderbook ratio exceeded this level in 2004-2009, it ended in a decade-long supply overhang that took …
https://splash247.com/10-4m-teu-container-orderbook-raises-spectre-of-decade-long-supply-glut/
https://splash247.com/10-4m-teu-container-orderbook-raises-spectre-of-decade-long-supply-glut/Cat Pushes Forward on Hybrid Electric Solutions, Alternative FuelsAs the maritime industry continues its transformation driven by decarbonization mandates, OEMs like Caterpillar are central to paving the path. Will Watson, Marine Product Manager…
https://www.marinelink.com/news/maritime-power-insights-watson-marine-529064
https://www.marinelink.com/news/maritime-power-insights-watson-marine-529064“In a global marketplace, supply and demand in one area of the world can greatly impact the agricultural production in another. American products are shipped worldwide …” is how the U.S. Department of Agriculture (USDA) describes the backdrop for international trade.
https://www.marinelink.com/news/inland-waterways-system-driver-us-economy-529066
https://www.marinelink.com/news/inland-waterways-system-driver-us-economy-529066North Korean leader Kim Jong Un said his country needed to rapidly expand its nuclear armament and called U.S.-South Korea military exercises an "obvious expression of their will to provoke war," state media KCNA reported on Tuesday.South Korea…
https://www.marinelink.com/news/north-korea-calls-ussouth-korea-drills-529074
https://www.marinelink.com/news/north-korea-calls-ussouth-korea-drills-529074Samsung Heavy Industries has secured orders for six LNG carriers from two shipowners from Oceania.The vessels, two for one owner, four for the other, are expected to be delivered starting November 2028.Business Korea reports that Samsung Heavy Industries has secured orders for seven LNG carriers…
https://www.marinelink.com/news/shi-secures-order-six-lng-carriers-529075
https://www.marinelink.com/news/shi-secures-order-six-lng-carriers-529075