A vital component of international trade and commerce, the marine sector is currently negotiating a changing regulatory environment that will affect its present and future. Looking ahead, the regulatory agenda for the maritime industry is dominated by a few important items. Environmental sustainability is prioritised, with a focus on cutting greenhouse gas emissions and implementing …
For an undisclosed fee, Maersk Tankers has purchased US pool operator Penfield Marine, creating a key player in the oil and product tanker industry that will oversee roughly 240 vessels. Tina Revsbech will lead the merged company, which will function under Maersk Tankers and Brand and have its offices in Copenhagen. Tim Brennan and Eric …
Maersk Tankers Forms Large-Scale Tanker Company Through Acquisition Of Penfield Marine Read More »
According to Union Minister Sarbananda Sonowal, the government plans to create green vessels and invest Rs 60,000 crore in river cruise tourism by 2047. He made this statement on the fringes of the inaugural Inland Waterways Development Council meeting. The plan is to invest Rs. 45,000 crores on river cruises, increasing the capacity from 2 …
According to recent data released by Alphaliner, MSC Mediterranean Shipping Company added more than one million TEUs (20-foot equivalent containers) in 2023, solidifying its status as the largest shipping line globally. At the start of 2022, MSC surpassed Maersk to become the largest shipping line worldwide. From that point on, the Geneva-based major’s leading fleet …
MSC Overtakes Maersk In Becoming the World’s Largest Shipping Line Read More »
The Indian Navy announced on Wednesday that it will continue to conduct maritime security operations and maintain more advanced surveillance with its ships and aircraft. It stated that India’s Naval Task Groups stationed in the area have been inspecting numerous fishing vessels over the past week and have boarded the ship of interest. In response …
Indian Navy On High Alert Amidst Security Concerns In Arabian Sea And Gulf Of Aden Read More »
The secretary of Ports, Shipping, and Waterways, T K Ramachandran, declared on Wednesday that Indian maritime trade with the rest of the world will remain unaffected by the developments in the Red Sea. Due to the most recent strikes by the Houthis, who are located in Yemen, the situation in the Bab-el-Mandeb Strait—a vital shipping …
Indian Maritime Trade Unaffected By Red Sea Issues, Affirms Shipping Secretary Read More »
Two crew members were hurt when a bulk ship flying the Panamanian flag collided with a Russian mine in the Black Sea while en route to the River Danube port for loading grain. The incident, which happened on Wednesday, is the most recent in a run of incidents in which civilian ships have come into …
Panama-Flagged Bulk Ship Collides With Russian Mine In Black Sea, Two Injured Read More »
Recent data from the industry indicates that 50% of the fleet of container ships that typically cross the Red Sea and the Suez Canal has avoided the route due to the potential for attacks. 299 ships with a total capacity of 4.3 million containers have either changed their intended path or plan to do so, …
The 700TEU electric container ships N997 and N998, constructed on December 28 by COSCO Shipping Heavy Industry Co., Ltd., were acquired by COSCO Shipping Development. “Zhongyuan Haiyun Lvshui 01” and “Zhongyuan Haiyun Lvshui 02” are the world’s first electric container ships for the River-Sea Direct Service. This type of ship was independently researched, planned, and …
China’s COSCO Shipping Reveals the World’s Biggest Electric Containerships Read More »
Iranian-backed Houthi militants attacked a Maersk container vessel with missiles and small boats, prompting the company to pause all sailing through the Red Sea for 48 hours, Maersk said on Sunday (Dec 31). The crew of the Maersk Hangzhou crew was safe and there was no indication of fire onboard the vessel, which was fully …
Maersk pauses Red Sea sailings after Houthi attack on Singapore-flagged container ship Read More »
