Höegh Xiamen, a car carrier chartered by Höegh Autoliners, has been declared a total constructive loss by its owner following last month’s fire outbreak in Jacksonville, Florida.
Norway-headquartered Ocean Yield said that it expects to receive insurance proceeds in the third quarter of 2020 of approximately USD26 million, which is close to the book value of the vessel. The net cash proceeds after repayment of debt related to the vessel will be about USD8 million.
United European Car Carriers (UECC) reduced well-to-wake CO₂ emissions by more than 107,000 tonnes in 2024, a 70 percent increase on the 2023 reduction of over 63,000 tonnes, driven in a large part by its Sail for Change programme.
BBC Chartering has marked a milestone in its LakerMax newbuild programme with the inaugural transit of the BBC Houston through the Great Lakes-St. Lawrence Seaway System as it delivered a full shipload of wind turbine blades to Erie, Pennsylvania.
CMA CGM Group has launched a dedicated seafarer recruitment platform: CMASHIPS.com.
Offshore installation contractor Cadeler has agreed to acquire Boqiang 3060, a newly built jack-up wind turbine installation vessel from Shanghai Boqiang Heavy Industry Group.
Sarens PSG and Haventus, an energy transition facilities provider, have developed an ‘on-land to launch’ approach to accelerate floating offshore wind (FLOW) development out of Ardersier port, Scotland.
Contract and spot road freight rates in Europe both declined in the first quarter of 2025, according to the latest Upply x Ti x IRU index. Moreover, the industry continues to grapple with a severe driver shortage although there has been progress on harmonising licence regulations across the bloc.
