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Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast…
https://www.marinelink.com/news/port-constraints-canadas-trans-mountain-513359
https://www.marinelink.com/news/port-constraints-canadas-trans-mountain-513359China on Wednesday launched sea trials for the Fujian, its third and most advanced aircraft carrier, state media reported.The start of tests by the Chinese navy came nearly two years after the aircraft carrier was first unveiled in June 2022.The Fujian…
https://www.marinelink.com/news/chinas-nextgeneration-aircraft-carrier-513360
https://www.marinelink.com/news/chinas-nextgeneration-aircraft-carrier-513360A new union deal aims to help bolster the workforce of the U.S. Navy shipbuilding and repair industrial base, which has struggled alongside many other sectors to attract and retain the volume of employees needed to achieve efficient operations.The…
https://www.marinelink.com/news/new-union-deal-aims-boost-us-navy-513363
https://www.marinelink.com/news/new-union-deal-aims-boost-us-navy-513363UK shipowner Bibby Marine has signed a contract with Gondan Shipbuilders in Spain for what it says will be the world’s first truly zero-emission, electric commissioning service operation vessel (eCSOV). The eCSOV will be built in Gondan’s Asturias shipyard and is scheduled to be delivered in 2026. The vessel, designed in collaboration with UK-based shipdesigners …
https://splash247.com/bibby-marine-taps-spanish-yard-for-electric-csov-newbuild/
https://splash247.com/bibby-marine-taps-spanish-yard-for-electric-csov-newbuild/Ahead of attending tomorrow’s inaugural Geneva Dry, Plamen Natzkoff, associate director covering dry bulk for Maritime Strategies International, sets the scene in the markets. Looking back on the strong performance of the dry bulk freight markets through Q1, expectations for the rest of the year – when trade volumes can be expected to pick up …
https://splash247.com/due-diligence-needed-on-dry-bulks-divergent-fortunes-for-balance-of-2024/
https://splash247.com/due-diligence-needed-on-dry-bulks-divergent-fortunes-for-balance-of-2024/Thailand’s Regional Carrier Lines (RCL) has returned to CSSC-affiliated Huangpu Wenchong Shipbuilding in Guangzhou with a deal for two additional 4,400 teu vessels. The order which follows a quarter booked earlier this year at $56.6m apiece will see the latest duo delivered by November and December 2027 for the same price tag. RCL currently stands …
https://splash247.com/rcl-back-for-more-huangpu-wenchong-boxships/
https://splash247.com/rcl-back-for-more-huangpu-wenchong-boxships/Tanker giants Euronav and Frontline have continued to clear out older tonnage with disposals in the suezmax segment. John Fredriksen’s New York- and Oslo-listed firm has confirmed the sale of the 2010-built 157,000 dwt Front Loki, netting $46.9m from the deal with some brokers speculating Norwegian buyers. The vessel is expected to change hands in …
https://splash247.com/euronav-and-frontline-offload-ageing-suezmaxes/
https://splash247.com/euronav-and-frontline-offload-ageing-suezmaxes/Turkish owner Yasa has been linked to a debut LR2/aframax tankers order at two separate shipyards in China. Brokers in Greece report the Istanbul-based company contracting state-owned Shanghai Waigaoqiao Shipbuilding (SWS) and Dalian Shipbuilding Industry Co (DSIC) for 114,000 dwt units each. The newbuilds, estimated to cost $72.5m each, will be scrubbed fitted and delivered …
https://splash247.com/turkeys-yasa-tied-to-first-lr2-orders/
https://splash247.com/turkeys-yasa-tied-to-first-lr2-orders/Matthieu de Tugny, president marine and offshore at Bureau Veritas, is touching down in Switzerland ahead of his panellist slot on Friday’s decarbonisation panel at Geneva Dry, the premier global commodities shipping gathering. It’s a topic he’s well prepped to discuss and is keen to share some of his thoughts prior to joining the panel. …
https://splash247.com/geneva-dry-dialogues-bureau-veritas/
https://splash247.com/geneva-dry-dialogues-bureau-veritas/US-listed bulker owner Genco Shipping & Trading has hit back in its ongoing boardroom battle with Greek magnate George Economou saying his nominee to the Genco board has a history of declining shareholder value and underperformance. Economou, who, via his affiliated investment vehicles, holds about a 5.4% ownership stake in Genco, filed a proxy to …
https://splash247.com/genco-takes-aim-at-economous-board-pick/
https://splash247.com/genco-takes-aim-at-economous-board-pick/