Latest shipping news – Page 3
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NewsLauritzen Bulkers acquires Alexander & Blake
Denmark-based Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake.
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NewsDNV launches energy-efficiency measures report
Classification society DNV has launched a report to help shipowners identify energy-efficiency measures and technologies.
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NewsCarisbrooke installs first airwing ahead of sea trials
UK-based Carisbrooke Shipping has successfully installed its first AirWing wind propulsion system, which is set to undergo sea trials.
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NewsBoskalis widens Boka Vanguard
Heavy lift shipping specialist Boskalis has widened its semi-submersible heavy transport vessel, Boka Vanguard.
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NewsCarisbrooke gets funding for fleet renewal
Carisbrooke Shipping, based in the Isle of Wight, UK, received a cash injection of around EUR26 million (USD27.3 million) from KfW IPEX-Bank of Germany that will go towards fleet renewal.
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NewsDeltamarin signed up for Shaper-class upsize
Finland-based Deltamarin has signed a contract with China Merchants Jinling Shipyard (Jiangsu) for the design and engineering of Wallenius Wilhelmsen’s upsized Shaper-class vessels.
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NewsHFW bolsters global shipping practice by hiring Bunton
Sector-focused law firm HFW has hired master mariner Mike Bunton, adding to its global shipping practice.
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NewsChipolbrok looks to Swedish market
Multipurpose shipping line Chipolbrok has been busy in Sweden lately and has several deliveries scheduled for 2025 – citing the country’s electricity generation market as a strong performer.
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NewsDryad highlights early signs of Somalian piracy uptick
Maritime security is under the spotlight once again following a series of concerning piracy incidents off the coast of Somalia, according to Dryad Global.
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NewsMarine Alliance acquires majority stake in Speedwell
Marine Alliance has acquired a majority stake in London-based insurance broker Speedwell Insurance Brokers, which will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.
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NewsAAL opts for Octopus advisory system for Super B-class
AAL Shipping has chosen the ABB Ability Octopus marine advisory system to optimise operations of its advanced fleet of Super B-class heavy lift vessels.
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NewsHacklin takes stake in Nordic Chartering
Hacklin has expanded its scope of business in the logistics sector with the acquisition of a stake in the Finnish shortsea operator Nordic Chartering.
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NewsSevenstar delivers yacht and catamaran
Amsterdam-headquartered Sevenstar Yacht Transport has completed delivery of a yacht and a catamaran, the former moved from Southampton, UK, to Palma de Mallorca, Spain, and the latter from Rauma, Finland, to Gibraltar.
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NewsEconowind secures funds for VentoFoil XL prototype for deepsea shipping
Dutch company Econowind, based in Zeewolde, has secured EUR1 million (USD1.05 million) in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 m-high steel wind sail intended for the deepsea shipping market.
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NewsRo-ro market softens amid fleet expansion
With time charter rates for large PCTCs dropping to USD65,000 per day the market is declining faster than anticipated, according to Esgian. While capacity continues to expand with new vessel deliveries, operational shifts and geopolitical risks in the Red Sea are keeping shipping lines cautious.
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NewsChipolbrok busy in Europe and the Middle East
Chinese-Polish multipurpose shipping firm Chipolbrok has been keeping busy as of late, shipping equipment to a Polish power plant and opening a new office in Dubai.
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NewsSwire Shipping relocates in Tokyo
Swire Shipping has relocated its Tokyo, Japan office to new premises in the city.
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NewsWallenius Wilhelmsen posts record results but high and heavy volumes lag
Wallenius Wilhelmsen reported a strong final quarter of 2024 with an adjusted EBITDA of USD452 million. FY 2024 proved to be a record year for the ro-ro shipping group with an adjusted EBITDA of USD1.9 billion (up 5 percent year on year) and profit for the period of USD1.06 billion (up 9 percent year on year). However, high and heavy volumes continue to fall by the wayside.
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NewsBoa signs construction contracts for latest barges
Norway’s Boa signed a contract with Dalian Shipbuilding Offshore for the construction of its in-house designed Boabarge 39, plus an option for Boabarge 40.
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NewsNuclear-powered Remora vision
Alexander Varvarenko, founder of Varamar and ceo of ShipNext, in partnership with MBM Consultancy, has unveiled a sustainable shipping strategy dubbed the ’Remora concept’.