Shipping news
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NewsLone assigned upgraded open-top load line
SAL Heavy Lift’s multipurpose vessel Lone has been assigned a new open-top load line, increasing its maximum draught to 8.5 m and raising its deadweight capacity by 3,300 tonnes.
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NewsDrewry: Disaster recovery to boost West Coast breakbulk imports
The recent wildfires that wreaked havoc across Los Angeles are expected to drive up import demand for bulk and breakbulk commodities, according to shipping sector analyst Drewry.
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NewsGemini Cooperation: ambitious reliability targets
The Gemini Cooperation, an alliance between container shipping giants Hapag-Lloyd and Maersk, is scheduled to start operating on February 1, 2025, aiming to set the industry benchmark when it comes to service reliability.
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NewsMSI Q1 2025: Carrier confidence dips on Trump trade fears
The 16th edition of One World’s Market Sentiment Index (MSI) for the multipurpose and breakbulk shipping sector shows a slight softening in overall carrier sentiment. Protectionist trade policies, shifting global freight dynamics, and geopolitical instability are all dragging on the outlook. Energy markets are a source of optimism but shipping lines are bracing for rate volatility ahead.
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NewsMOL takes delivery of Prima Verde
Japan’s Mitsui O.S.K. Lines (MOL) has taken delivery of the 17,661 dwt Prima Verde at Onomichi Dockyard in Japan.
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NewsHeavy lifts and trade shifts
As AAL Shipping delivers a 560-tonne crane body from Japan to the USA, the company reflects on the resilience of heavy lift logistics amid shifting US trade policies and geopolitical tensions.
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NewsMeriaura restructures business
Finland’s Meriaura Group has signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence. In connection with the arrangement, the company’s marine logistics business (Meriaura and its wholly owned subsidiary VG-EcoFuel) will be sold to former parent company Meriaura Invest. The name of the new listed company will be Summa Defence.
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NewsTO Group becomes commercial agent for Polaris Autoliners
Shipbroker and liner agent Transport Overseas Group (TO Group) has become the commercial agent for British shipping company Polaris Autoliners, effective January 1, 2025.
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NewsPOC places 5,000-tonne heavy lift vessel order
Penta-Ocean Construction (POC) has contracted Seatrium to build a 5,000-tonne lift capacity vessel for the Japanese offshore wind energy market.
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NewsGard expands portfolio in Japan
Marine insurance provider Gard has expanded its product portfolio in Japan by adding marine and energy risks, including hull and machinery, to its services.
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NewsMultipurpose pair joins JSI Alliance
SAL Heavy Lift confirmed that two F300-type multipurpose vessels, Eva and Ella, have joined the JSI Alliance fleet.
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NewsDNV boosts managerial team with chief operating officer
Classification society DNV has appointed Cristina Saenz de Santa Maria as chief operating officer, effective January 1, 2025.
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NewsIMO opens regional presence office for MENA region in Egypt
The International Maritime Organization (IMO) has opened a regional office for the Middle East and North Africa (MENA) region in Alexandria, Egypt.
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ArticleFragile ceasefire brings hope for Red Sea revival
There was positive news out of the Middle East this week with an agreement between Israel and Hamas to pause fighting, raising hopes for the resumption of shipping services in the Red Sea. However, uncertainty looms as risks of resumed attacks and volatility in global trade routes remain high.
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NewsSpliethoff-BigLift UK expands team with Herrebrugh
Mike Herrebrugh has joined the combined Spliethoff-BigLift London office, effective January 1, 2025.
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NewsBerge Rederi to equip two vessels with Norsepower rotor sails
Norwegian shipowner Berge Rederi will take delivery of two ships that are equipped with Norsepower rotor sails, with the first vessel expected to launch by the end of 2025.
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NewsPiracy incidents down but risks remain high
The International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has published its latest annual Piracy and Armed Robbery Report, which reveals a slight year-on-year drop in global maritime incidents during 2024.
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NewsProject cargo rates likely to rise in 2025, Drewry says
According to analysis from maritime research and consulting firm Drewry, project cargo activity will keep multipurpose shipping rates buoyant in 2025, despite the potential impact of geopolitical challenges and trade tariffs.