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The new government of Syria and CMA CGM made official today their new agreement to operate the Latakia port, the country’s main seaport which is located on the northern Mediterranean coast.
Shore leave for seafarers in danger of extinction, managing your supply chain in times of disruption, and MEPC falls short of IMO decarbonisation ambitions.
From breakbulk.news
In a sector known for its volatility, one company maintaining a clear bearing is d’Amico International Shipping S.A., a long-standing operator in the product tanker market.
Multiple reports are coming from Yemen that the Houthis have been denying permission for vessels to depart the Ras Isa port complex in the two weeks since U.S. forces attacked the oil terminal facilities.
From www.linkedin.com
Executive Summary Freight markets across the Black Sea and Eastern Mediterranean continue to tread water as we close April, but beneath the surface, a multi-dimensional shift is underway. While benchmark indices remain flat to soft—particularly for handysize and supramax vessels—market participants.
As the Trump administration marked its first 100 days, it also highlighted efforts to continue the maximum pressure sanctions campaign against Iran and its interests.
Effective Wednesday, logistics giants DSV and Schenker have merged into one company under the DSV banner.
Six days after a spill began at a marshland well site in the Pass a Loutre area of the Mississippi Delta, the Coast Guard has decided to federalize the response effort and tap the Oil Pollution Liability Trust Fund.
The Mediterranean Emission Control Area officially launched today, May 1, under the MARPOL Annex of the International Maritime Organizations.
The French Navy as part of an ongoing effort to develop new systems and defenses conducted a drone test using a modified jet ski carrying an offensive charge.
From splash247.com
Denmark’s European Maritime Finance has appointed Torben Degn as CEO. “We are excited to welcome Torben Degn as CEO, whose vision and extensive experience will be pivotal in leading the company through its next chapter,” said founder and chairman of the investment committee Martin Haugaard.
From splash247.com
One of China’s fastest-growing bulker owners, Fujian Highton Development, continues its fleet expansion with the $10.2m purchase of the 14-year-old, 57,000 dwt SFL Yukon, now renamed Xin Hai Tong 61, from John Fredriksen’s SFL Corporation.
From splash247.com
Pierre Aury reflects on MEPC 83 and mankind’s failure to rein in CO2 emissions.
From splash247.com
Oslo-listed car carrier operator Wallenius Wilhelmsen has completed the sale of Melbourne International RoRo & Auto Terminal (MIRRAT) following approval from the Australian Competition and Consumer Commission in April.
From splash247.com
Parrish & Heimbecker, a Canadian, a family-owned agri-business, has acquired a deepwater bulk marine export terminal in Quebec City from Societe En Commandite Terminal Grains, which has been operated by Sollio Agriculture since 2021.
From splash247.com
The Danish government has announced plans to create a state-backed $1bn war risk programme for ships to be used in the event commercial insurance markets fail.
From splash247.com
CMA CGM has signed a 30-year deal with the Syrian government to develop Latakia port, including building a new berth and investing $260m to bolster Syria’s top port.
From splash247.com
Norwegian energy major Equinor has sold its stake in the Peregrino field to Brazilian company Prio Tigris, a subsidiary of PRIO, for $3.5bn Equinor sold its 60% operated interest in the field to PRIO, Brazil’s largest independent oil and gas company, for a consideration of $3.35bn and an additional maximum of $150m in interest.
From splash247.com
Norwegian offshore service provider Archer has signed a five-year contract with Spanish oil and gas firm Repsol for work on their UK offshore assets.
Container line Zim to pay $3.68 million in compensation for violating the US’ Ocean Shipping Reform Act.
Seemingly undeterred by the impact of planned US port charges on Chinese-owned ships and tariffs OOCL has ordered fourteen 18,500 teu container vessels at yards owned by its parent Cosco Shipping.
Damen Shipyards Group and Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, have agreed on the delivery of a second, fully electric Damen RSD-E Tug 2513.
The re-introduction of the SHIPS act into the US Senate sets out new Maritime Security Board with a vast range of powers.
Oil prices saw a boost in Asian trading following China's indication of openness to U.S. trade talks, fueling hopes for de-escalation. Brent crude rose to $62.51 a barrel, while U.S. WTI crude reached $59.62.
The total coal output reached 81.57 MT in April 2025, compared to 78.71 MT in the same period last year.
