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Government needs to step up. Cargo diversions are always bad for business. According to retailers, the current spike in shipping costs caused by ocean carriers routing away from the conflict in the Middle East could seep into longer-term rates if the federal government waits too long to help mitigate potential backups at U.S. ports. “While […]
Red Sea cargo diversions could affect 2024 holiday shipping. Read More »
According to information published by the US DOS on January 27, 2024, The Prime Minister of the Hellenic Republic has received a letter from U.S. Secretary of State Anthony Blinken proposing the transfer of up to four littoral combat ships to Greece under the Excess Defense Articles (EDA) program. Freedom-class Littoral Combat Ship Uss Wichita.
US to transfer 4 Littoral Combat Ships to Greece Navy to counter Turkey. Read More »
Discover the cutting-edge technology of hydrogen ship propulsion and its role in transforming marine mobility. Explore maritime transportation’s sustainable and emission-free future with this innovative solution, paving the way for a greener and more environmentally conscious maritime industry. Hybrid hydrogen ship propulsion is an exceptionally promising solution for emission-free marine transportation. It is much less
Exploring the Potential of Hydrogen for Maritime Mobility Read More »
Fears of increased piracy and the threat of war are contributing to a continued decline in seafarer satisfaction. According to the latest update to the quarterly Welfare Survey. The charity Mission to Seafarers is monitoring the investigation. Said the findings “raise serious concerns about the situation of all people working at sea.” They note that
War and Piracy Risks Add to Continuing Decline in Seafarer Happiness Read More »
In early July, the Baltic state’s largest floating dock was permanently installed at the BLRT Group’s western shipyard in the Lithuanian port of Klaipeda. The first ship has already been accepted for repair. This floating dock accommodates post-Panamax, Panamax, and also Aframax vessels with a length of 235 meters, a width of 45 meters, and
The Largest Floating Dock in the Baltic States Read More »
By 2027, the world’s two largest shipbuilding countries will have almost exhausted the number of Very Large Crude Carrier (VLCC) berths available. Tanker broker Gibson said that in China. Delivery quotas for 2027 have expired, with the exception of a few quotas at Shanghai Waigaoqiao Shipyard. And Dalian Shipyard, but in South Korea, only 12
VLCC newbuild slots for 2027 sell out in China and South Korea Read More »
On December 28, 2023, the DGA awarded Naval Group a framework agreement for the development and production. And testing of an unmanned combat underwater vehicle (UCUV) demonstrator. The first follow-on contract for the design and development of Naval Group’s Autonomous Decision-Making Process (ADMP). And also Safe Autonomous Navigation was awarded. This framework agreement follows an
France Orders XLUUV Submarine Drone Demonstrator From Naval Group Read More »
The Red Sea crisis, and the situation in the Middle East in general, continues to worsen. Ship diversions around the Cape of Good Hope are expected. To expand in scale and take much longer than originally expected. This is likely to be good news for long-term shipping inventories due to longer transportation distances. The Houthis
Shipping Faces Lengthy Disruptions As Middle East Fallout Worsens Read More »
SCMP Reasons to Trust China’s third and newest aircraft carrier. Fujian, has yet to undergo sea trials, but details of its design, including its advanced “all-in-one” mast, are slowly emerging. The much-discussed Fujian electromagnetic aircraft catapult was shown for the first time on state television. Earlier this month, revealing that it has one less runway
Port Houston Will Decrease To 4,444 Container Shipments In 2023 In 2023, cargo volume passing through Port Houston’s two container terminals will decline 4% year-on-year compared to 2022, The year it sold 3.8 million pieces. Total steel tonnage (imports and exports) in 2023 decreased by 14% from the previous year to 44 million tons. The
Gulf Coast Ports See Mixed Year-Over-Year Results In Freight Volumes. Read More »