Iran's Continued Control of Hormuz Intensifies Seafarer Misery
Iran's publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal for thousands of mariners trapped on ships in the Gulf.More than 20,000 sailors are stuck on around 2,000 vessels in the Gulf, many of them unable to leave ship, lacking adequate supplies of food and fresh water, and fearful of an uncertain future at sea in a war zone.Sailorsā¦
Third Qatari LNG Tanker Transits Hormuz to China
A Third Qatari liquefied natural gas tanker is transiting the Strait of Hormuz and heading to China, ship-tracking data showed on Friday, as a Qatari negotiating team arrived in Tehran to try to help secure a deal to end the war with Iran.As shipments through the waterway continue to be erratic, this third transit of a Qatari LNG tanker is taking place nearly two weeks after a first such cargo passed through the strait under an Iran-Pakistan arrangement.The vesselā¦
France Drafts UN Security Council Resolution on Restoring Hormuz Movement
France has drafted a U.N. Security Council resolution on setting up an international mission to restore movement in the Strait of Hormuz and could submit it if conditions are right, the foreign ministry said on Friday, as Washington struggles to bring to a vote a text Russia and China may say is biased against Tehran.Control of the narrow waterway, a vital artery for global energy trade whose virtual closure has led to spiralling oil pricesā¦
CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence
CMA CGM delivered a resilient first quarter, but the numbers underscore the increasingly complex environment facing the global container shipping and logistics giant.The Marseille-based group reported first-quarter revenue of $13.23 billion, essentially flat year-over-year, while EBITDA fell 31.6% to $2.11 billion and net income dropped sharply to $250 million, down from $1.12 billion a year earlier.For the shipping division, the picture was mixed.
Incat Crowther Designed Passenger Ferry Sets Sail in the US Virgin Islands
Spirit of 1733, a new EPA tier 4 compliant 104-foot (32-meter) passenger ferry designed by global digital shipbuilder Incat Crowther for the U.S Virgin Islandās Department of Public Works has entered service. The new vessel is operating on a busy tourist and commuter route between Red Hook on the island of St. Thomas and Cruz Bay on the island of St. John in the U.S Virgin Islands.Named after a historic slave rebellion on the island of St.
IKM Aconan to Deliver Drilling, Well Services for Vår Energi
IKM Acona has been awarded a framework agreement with Vår Energi for the delivery of drilling and wells services on the Norwegian Continental Shelf.The agreement has a duration of four years, with options for an additional 2 + 2 years.The agreement covers support and advisory services within drilling and wells, including engineering studies, procedures, reporting, and project support.The scope of work includes activities within subsurfaceā¦
EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis
The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to mitigate the knock-on effects of the Iran war, the Council of the EU said on Friday.Global fertiliser prices have jumped following the near total closure of the Strait of Hormuz, a narrow shipping route along Iran's coast through which around one-third of global fertiliser trade passes.While the EU does not depend on the nitrogen-based fertilisersā¦
RApport 2700 Tugboat Marauder Delivered to Maritime Partners
Master Boat Builders christened Marauder, the first vessel in an eight-tug construction program for Maritime Partners, marking a key milestone for the Gulf Coast shipbuilder and the growing fleet operator.The christening ceremony was held at the National Maritime Museum of the Gulf in Mobile, Ala., bringing together executives from both companies as well as shipyard workers involved in the vesselās construction.Built at Master Boat Buildersā Coden, Ala.
GTT to Design LNG Carrier Tank for Hanwha Ocean
French engineering firm GTT has an order from the shipyard Hanwha Ocean for the tank design of a new liquefied natural gas (LNG) carrier, on behalf of a European ship-owner.GTT will design the cryogenic tanks of the vessel, offering a total capacity of 174,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the second quarter 2029.
