Industry Praise for Outgoing INTERCARGO Chair
Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios, who concluded his chairmanship of the International Association of Dry Cargo Shipowners (INTERCARGO) on 31 December 2024 after six years of distinguished leadership.Industry leaders have praised Mr Fafalios's pivotal role in strengthening international shipping standards during a period of unprecedented change…
A Deep Dive into Dredging with DCA’s Doyle
There’s more to domestic dredging than meets the eye. Dredging Contractors of America CEO Bill Doyle is just the guy tell you why.William P. Doyle serves as the Chief Executive Officer of the Dredging Contractors of America (DCA). DCA represents the dredging industry on key issues before Congress and is an active partner to the U.S. Army Corps of Engineers, public port authorities, state and local governments…
DP World Shoots Over 100 Million TEU Capacity Mark
Port and logistics firm DP World has surpassed 100 million TEUs of container handling capacity across its global portfolio since inception.The achievement has been made possible due to over $11 billion in strategic investments and infrastructure development over the last decade.Over the past 10 years, DP World’s capacity has grown 33%, driven primarily by expansions and new greenfield developments as well as acquisitions.Starting with 75.6 million TEUs in 2014…
Kongsberg Consolidates Maritime Business Units
Kongsberg has unveiled plans to integrate the maritime-focused business Kongsberg Digital into Kongsberg Maritime to further align its portfolio with future customer needs and technological advancements in the maritime industry.The integration of Konsberg’s business units will take place in the first quarter of 2025.The business to be transferred represented revenues of approximately $53 million in 2023. The transfer involves around 500 employees located in 14 countries.
China Not Aware of Shandong Port Ban on US-Sanctioned Ships
China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbours.The group oversees several major terminals in the province of Shandong, which is the main entry point for Iranian, Russian and Venezuelan oil imported into China. Last year, those embargoed flows were almost a fifth of total oil imports.If the ban is enforced…
Taiwan Suspects China Linked to Undersea Cable Damage
Taiwan and China traded barbs over what the government in Taipei suspects was a Chinese-linked ship's damage to an undersea communications cable off the island's coast, an incident that has raised alarm bells on the island.The ship owner, speaking to Reuters on Wednesday, said there was no evidence the ship was involved. Taiwan's coast guard suspects the ship damaged the cable off the island's northern coast late last week…
US Port Strike Averted
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy.The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) employer group, in a joint statement…
New Patterns in Illicit Activity Emerged in 2024
A report from Windward indicates that new methods of illicit activity, including underwater infrastructure damage and the emergence of new convenience flags, complicated the global trading landscape in the last quarter of 2024.The Q4/2024 Windward Trade Patterns & Risk Insights Report suggests there is a behavioral pattern related to the suggested sabotage of undersea critical infrastructure cables in the Baltic region…
Shell Comes Up Dry Offshore Namibia
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer.Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development."Shell and its partners QatarEnergy and Namibia's national oil company first discovered hydrocarbon in block PEL39 in 2022…
Navig8 Announces 80% Acquisition by ADNOC
Navig8 TopCo Holdings Inc. announced that it has been acquired by ADNOC Logistics and Services plc.Navig8 is an international shipping pool operator and commercial…
CJC appoints Law, Jackson as new directors
Campbell Johnston Clark (CJC) has announced that Kate Law and Neil Jackson have become directors in the international maritime law firm with effect from 1 January 2025.Bringing the number of CJC partners to 22, across offices in London, Newcastle, Singapore and Miami, the appointments exemplify the company’s commitment to promoting from within. Now one of the leading firms focusing solely on maritime law and celebrating 15 years of practice this year…
ABYC names Board Members, Award Recipients
The American Boat & Yacht Council (ABYC) welcomed new board members and honored industry leaders at its annual meeting on Jan. 6 in San Antonio, Texas. The event marked the official start of ABYC Standards Week, where experts across the marine industry gather to review and update safety standards for the design, construction, and repair of recreational boats.ABYC Board Chair Jeff Wasil and President…
NUWC Employee Shares Family Legacy with USS Fort Lauderdale
When the USS Fort Lauderdale (LPD 28) docked at Naval Station Newport in Rhode Island from Nov. 21-24, it was especially meaningful for a Naval Undersea Warfare Center (NUWC) Division Newport employee whose family name is linked to the ship’s name.John Lauderdale, a resident of New London, Connecticut, serves in Division Newport’s Undersea Warfare Electromagnetic Systems Department as principal for safety for electronic warfare…
Exail sells first DriX O-16 Transoceanic USV
Exail announced the first sale of its DriX O-16, a transoceanic Uncrewed Surface Vessel (USV). Designed for long-range maritime operations, it has been acquired by an Indo-Pacific customer operating in the civil sector.Equipped with advanced sensors, including a full-depth Multibeam Echosounder, the DriX O-16 enables operators to collect precise data for hydrographic, geophysical, and environmental missions.
USCG RADM Timme (Ret.) Joins OMSA as Senior Advisor
The Offshore Marine Service Association (OMSA) announced that Rear Admiral Richard V. Timme, U.S. Coast Guard (Ret.), has joined OMSA as a Senior Advisor.This appointment underscores OMSA’s longstanding commitment to working collaboratively with the U.S. Coast Guard (USCG) and other regulatory agencies to develop practical, common-sense solutions that enhance the safety and security of the U.S. maritime…
Clarksons 2024 Global Shipbuilding Review Released
Clarksons Research have released their latest annual review of shipbuilding markets, including full year 2024 data points, tracking key developments across a strong year for the shipbuilding industry.Summarising the annual review, Steve Gordon, Global Head of Clarksons Research, commented: "With the largest order intake in 17 years, 2024 was an incredibly active year for the global shipbuilding industry with contracts totalling 66m CGT and $204bn placed.
AES Acquires CWind from Inspirit Capital
All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's mission to expand its footprint in the renewable energy sector and reinforces its commitment to driving the global transition to clean energy.Founded in 2010…
All Segments Decline as Baltic Index Sags
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a more-than-17-month low on Wednesday, hurt by falling rates across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 49 points to 966 points, its lowest since late July 2023. The capesize index was down 118 points to 1,100 points.
New Line Handlers for SAAM Vancouver Fleet
The new line handlers joining SAAM Towage Canada's fleet were unloaded from the MV Jumbo at the Port of Vancouver on January 6th after completing their journey from Hong Kong.“These multipurpose vessels play a key role in berthing and unberthing vessels by transferring mooring lines from the ships being assisted to crews on the ground. They also assist with emergencies, rescuing people from the water and scanning for incipient changes in weather…
Great Lakes 2024 Iron Ore Trade Dips 2.5 PCT
Shipments of iron ore on the Great Lakes totaled 4.6 million tons in December, a decrease of 4.5 percent compared to a year ago. Shipments were just slightly above the 5-year average for the month.The year-end total for the iron ore trade stands at 49.8 million tons, a decrease of 2.5 percent compared to 2023.Compared to the trade’s 5-year average, 2024 iron ore loadings were up 3.8 percent.Since 1880…
