Industry News Archives - Page 21 of 47

Hapag-Lloyd Launches Real-Time Container Tracking

Hapag-Lloyd has boldly launched real-time container tracking on most of its nearly 3 million-strong fleet. They are making history as the first container shipping line to introduce a fleet-wide dry container tracking product. With our customer-centric approach, Hapag-Lloyd now offers “Live Position,”. A service that allows our valued customers to track their shipments from origin to […]

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Concerns for P&O Staff Jobs Amid New Crew Law

Industry News, Blogs / Umar Farooq

The new legislation limits the time crews can spend on board ships, raising fresh concerns about the jobs of P&O workers. A letter sent to staff, seen by the BBC, said a new French law would allow crews to spend 14 days on the ferry. A union raised concerns that repatriating current staff from the

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OPEC Excited about Namibia Partnership, Offers Support

Industry News / Anmol

Sources told Reuters earlier this month that the initial focus of OPEC+, the large group that includes Russia. Was to have Namibia join the group’s Charter of Cooperation. which holds long-term dialogue on energy markets rather than determining production policy. He said it would happen. OPEC did not comment at the time. In addition to

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China Scans ‘World’s Largest Naval Base’ In USA; US Navy’s Norfolk Naval Station ‘Unmasked’ By Spy Satellite

Industry News, Blogs / Umar Farooq

In a display of its growing space prowess and surveillance capabilities, radar images of a US Navy base taken by a Chinese satellite are circulating online. The images first appeared on China’s domestic social media platform Weibo. Defence analysts later identified the spacecraft as the Taijing-4 03 “flat-plate radar imaging satellite.” They identified the naval

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Russian Oil Facility Burns After Reported Drone Attack

Industry News, Blogs, Merchant Navy Info / Anmol

Ukraine’s State Security Service announced on Wednesday that it had attacked two Russian state-run. Oil depots in the Smolensk region of western Russia. Reuters quoted a Ukrainian intelligence official as saying the drone attack destroyed more than 26,000 cubic meters. Just under 1 million cubic feet of fuel at a warehouse belonging to Russian energy

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Karachi Port Receives $50mn Upfront Payment from AD Ports Group

Industry News, Blogs, Merchant Navy Info / Umar Farooq

Karachi Port Trust (KPT) has secured its first major revenue stream. This is under a new concession agreement with Abu Dhabi Ports Group (AD Ports). As per the sources, a signing ceremony was held in the presence of the Maritime Affairs Minister. Here the AD Ports subsidiary, Karachi Gateway Terminal (KGTL), gave a check of

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Attacks on Red Sea Shipping Forces 66% Decline in Suez Canal Traffic – ONS

Industry News, Blogs, Merchant Navy Info / Umar Farooq

Red Sea shipping is taking a hit. Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66%. Thus cargo was forced to divert due to attacks on vessels, according to official figures. The data, from the UK’s Office for National Statistics (ONS), covered the period from mid-December to the beginning of

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De-Dollarization Main Agenda of BRICS 2024 Summit

Industry News, Blogs, Merchant Navy Info / Anmol

Recent statements by diplomats suggest that the 2024 BRICS summit will primarily focus on the de-dollarization agenda. The 2024 BRICS summit is scheduled to be held in Russia’s Kazan region in October. The 16th summit will see the addition of four new countries. Including the United Arab Emirates (UAE), Egypt, Iran, and also Ethiopia. Saudi Arabia could

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Saudi Arabia Wants China To Help Fund Its Struggling $500 Billion Neom Megaproject

Industry News, Blogs, Merchant Navy Info / Umar Farooq

Saudi Arabia took its Neom megaproject roadshow to China. This is amid speculation about the scope of the project and its finances. Neom megaproject officials visited Beijing, Shanghai, and Hong Kong last week. All in the hopes of courting Chinese investors and shed more light on the mysterious megacity. While no deals have been announced, one attendee told

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New Laser Propulsion Could Power Silent Yet Supersonic Chinese Submarines

Industry News, Blogs / Anmol

A new laser-based propulsion technology developed by researchers at China’s Harbin Engineering University. Could one day help the People’s Liberation Army (PLA) build quiet, ultra-fast submarines? According to a report by the South China Morning Post (SCMP). The technology could also power underwater missiles and torpedoes. The concept of underwater laser propulsion is not new.

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Industry News

Hapag-Lloyd Launches Real-Time Container Tracking

Concerns for P&O Staff Jobs Amid New Crew Law

OPEC Excited about Namibia Partnership, Offers Support

China Scans ‘World’s Largest Naval Base’ In USA; US Navy’s Norfolk Naval Station ‘Unmasked’ By Spy Satellite

Russian Oil Facility Burns After Reported Drone Attack

Karachi Port Receives $50mn Upfront Payment from AD Ports Group

Attacks on Red Sea Shipping Forces 66% Decline in Suez Canal Traffic – ONS

De-Dollarization Main Agenda of BRICS 2024 Summit

Saudi Arabia Wants China To Help Fund Its Struggling $500 Billion Neom Megaproject

New Laser Propulsion Could Power Silent Yet Supersonic Chinese Submarines

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