Finnish shipbuilder Meyer Turku reported today that it has named Casimir Lindholm, the current President of Cargotec, to succeed family member Tim Meyer as CEO of the cruise ship builder. The move comes just weeks after the company also named former Wärtsilä CEO Jaakko Eskola as...
‘The mutual world bemuses everyone, a bit like a bumblebee. No one can really work out why it flies,’ says...
[By All American Marine] All American Marine (AAM) has successfully delivered a 78’ x 26.7’ semi-displacement aluminum catamaran to Cal Poly Humboldt. This cutting-edge research vessel will serve as a state-of-the-art scientific exploration platform and support faculty research along the Northern California and Oregon coasts. Designed by...
Tonnage providers continue to benefit from strong charter markets, which are keeping vessel values relatively high Related StoriesLR and Microsoft to use AI to speed up licensing for nuclear powerEssberger boosts methanol dual-fuel newbuild orderbook at Chinese yardEU countries not using the tools available to fight...
China’s CK Hutchison announced that it has an agreement in principle to sell its international ports portfolio including the controversial terminals in Panama to a consortium being led by famed U.S. investment group BlackRock in partnership with Terminal Investment Limited (TiL), MSC Group’s terminal operator....
Fees on China-built ships may or may not be implemented and questions remain about who will pick up the bill Related StoriesIf US taxes Chinese ships, liners could pull capacity from US portsNew trade war salvos offer rate respite before demand divesCan the P&I market handle...
Finnish authorities confirmed in a statement on Sunday, March 2, that they have released the product tanker Eagle S that it has been detaining since a December 25 incident with damage to undersea transmission cables. They determined that the seizure could be canceled in part after...
China the most zealous detainer of ships globally, concerns rise over state of US imports on transpacific spot rate slump...
On Saturday, Guyana mobilized its military assets after Venezuelan navy reportedly entered its territorial waters. In a live address, Guyanese President Irfaan Ali said that a Venezuelan Coast Guard patrol ship was positioned within Exxon's Stabroek Block lease area, off the Atlantic coast of Guyana. The patrol...
Dark fleet safety fears not reflected in ship detention rates | US-sanctioned LPG shipper ‘categorically’ denies wrongdoing | Norway’s regulators...
