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Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on Wednesday.However, the WTO said any slowdown may be short-lived given that container throughput at Chinese ports and new export orders have
https://www.marinelink.com/news/wto-expects-global-trade-slowdown-503298
https://www.marinelink.com/news/wto-expects-global-trade-slowdown-503298Commercial engine distributor Laborde Products announced it has appointed Michael Murzi, Jr. as its new marine sales manager. Murzi brings with him over 10 years of experience in the marine industry and over 30 years of experience in sales,…
https://www.marinelink.com/news/laborde-products-names-murzi-marine-sales-503300
https://www.marinelink.com/news/laborde-products-names-murzi-marine-sales-503300Paducah, Ky. based Marquette Transportation Company earlier this year held a christening ceremony in New Orleans for its towboat Charles Reid Perry.The vessel, built in 2019 by C&C Marine and Repair in Belle Chasse, La., is named after the grandson of Marquette executive chairman John Eckstein.
https://www.marinelink.com/news/marquette-christens-towboats-charles-reid-503301
https://www.marinelink.com/news/marquette-christens-towboats-charles-reid-503301Singapore’s top two yards have completed their mega merger, ending a two-decade saga. Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine have joined forces and will trade under the Sembcorp brand with Keppel’s Chris Ong taking charge of the yard giant. The combined yard group has a total orderbook of S$18bn ($13.4bn) lasting through …
https://splash247.com/keppel-and-sembcorp-yard-merger-completed/
https://splash247.com/keppel-and-sembcorp-yard-merger-completed/A 6km long, 4km wide diesel slick has been detected near the white sandy beaches of the popular island resort destination of Mindoro in the Philippines following the sinking yesterday of the locally flagged product tanker Princess Empress. The laden ship’s engine overheated early yesterday morning, having encountered rough weather on a domestic trip. The …
https://splash247.com/product-tanker-sinks-off-popular-filipino-tropical-holiday-island/
https://splash247.com/product-tanker-sinks-off-popular-filipino-tropical-holiday-island/A.P. Moller – Maersk has reduced its stake in Norwegian car carrier player Höegh Autoliners by selling shares for nearly $80m. The Danish shipping and logistics group has offloaded around 13.5m shares, corresponding to around 7.1% of Höegh Autoliners, at a price of NOK61 per share, or a total of NOK821.5m ($79.5m). The shares closed …
https://splash247.com/maersk-offloads-80m-of-hoegh-autoliners-shares/
https://splash247.com/maersk-offloads-80m-of-hoegh-autoliners-shares/Yesterday, Splash detailed the main container names operating in and out of Russia, with a slew of new capacity entering the region as many global carriers have exited in the wake of war with Ukraine. One of the most ambitious new players is Hong Kong-registered OVP Shipping, formed in late 2020. OVP launched a first …
https://splash247.com/hong-kong-liner-rapidly-builds-up-links-with-russia/
https://splash247.com/hong-kong-liner-rapidly-builds-up-links-with-russia/As widely telegraphed last month, India has officially banned bulkers and tankers aged 25 or above from entering its waters. The new rules are for for Indian-registered ships while also applying to foreign vessels discharging in India. The government has given existing vessels affected by the new cap three more years’ sailing time, regardless of …
https://splash247.com/india-makes-vintage-ship-ban-official/
https://splash247.com/india-makes-vintage-ship-ban-official/The container segment is leading shipping to green new pastures, taking a massive lead when it comes to investing in methanol propulsion. According to Alphaliner, methanol boxship orders have grown more rapidly than LNG in the last six months, while carriers have all but ditched orders for conventional fuel oil tonnage with just 8% of …
https://splash247.com/methanol-boxship-orders-growing-more-rapidly-than-all-other-fuel-types/
https://splash247.com/methanol-boxship-orders-growing-more-rapidly-than-all-other-fuel-types/Irish crew transfer vessel (CTV) owner and operator Farra Marine is bolstering its fleet with a contract for seven newbuilds at Singapore’s Penguin Shipyard. The vessels will be delivered in 2023 and early 2024. The newbuilds, part of the WindFlex-27 series, will when complete, see Farra Marine boast a fleet of 14 CTVs servicing the …
https://splash247.com/farra-marine-books-seven-ctv-newbuilds/
https://splash247.com/farra-marine-books-seven-ctv-newbuilds/