Ecuadorās Main Port Strengthens Trade Connection to Asia
Contecon Guayaquil (CGSA), Ecuadorās main port and subsidiary of ICTSI, has signed a new commercial agreement for the Asia-South America (ASA) service, further strengthening Contecon Guayaquilās connectivity with the Asian market.The agreement brings back five shipping lines and their shippersā customer base to the terminal: Wan Hai, Pacific International Lines, Cosco, Evergreen and Yang Ming.The ASA service used to call at Contecon Guayaquil until 2015.
WTO Barometer Shows Moderate Trade Growth as Policy Uncertainty Looms
Global goods trade continued to expand at a moderate pace in the fourth quarter of 2024 according to the latest World Trade Organization (WTO) Goods Trade Barometer. However, prospects for trade in 2025 are uncertain.The Goods Trade Barometer is a composite indicator for world trade, providing real-time information on the trajectory of merchandise trade relative to recent trends. Barometer values greaterā¦
APAC Presents Unique Opportunities for CO2 Shipping
Shipping is poised to play a vital role in APAC cross-border CCUS initiatives, with annual CO2 shipping volumes projected to reach 100 MtPA by 2050, according to a joint study by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG).The study has identified that shipping will play a key role in enabling CCUS initiatives, particularly when there is a large geographicalā¦
Fincantieri Foundation Appoints New Leaders, Launches History Book
Fincantieri has re-launched the Fincantieri Foundation as part of its commitment to building a more inclusive world by bridging the past and the future.Established in March 2008, the Fincantieri Foundation is committed to the protection of the unique heritage of documents and artefacts related to civil and military shipbuilding, an "industrial archaeology" that also represents a cultural legacy for the country.The new era begins with the appointment of a new Board of Directorsā¦
Kongsberg Digital Banks 'Major' Simulator Contract in South Africa
Kongsberg Digital announced a significant agreement with Transnet SOC Ltd (Transnet) to deliver state-of-the-art simulator technology to the Transnet Academy in Durban, South Africa.Transnet plays a role in the South African economy by providing infrastructure and fostering economic growth through port operations. Scheduled for delivery in June 2025, the suite of Kongsberg simulators will support Transnetās mission to enhance trade facilitationā¦
60 Graduate from the Ushuaia Merchant Marine Training and Education School
The school year at the Ushuaia Merchant Marine Training and Education School for Embarking Personnel (EFOCAPEMM) has concluded, with the graduation of 60 studentsā¦
MAN Energy Heralds VLCV Methanol Retrofit
Successful engine-retrofit of Very Large Container Vessel āMaersk Halifaxā to dual-fuel ME-LGIM unit. MAN Energy Solutions has announced the successful retrofit of the main engine of the āMaersk Halifaxā to a dual-fuel MAN B&W ME-LGIM unit. MAN PrimeServ, MAN Energy Solutionsā after-sales division, carried out the work, the first such project globally involving a VLCV (Very Large Container Vessel).The 15ā¦
Iberdrola Gets Portugese Nod for Wind Farm Start
Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal.Located in the districts of Vila Real and Braga, in northern Portugal, with a total investment of around ā¬350 million, this project reinforces Iberdrola's commitment to environmental goals, being the first to combine wind and hydro energy.
AME Renews Partnership with Fluke Reliability/PRUFTECHNIK
AME will its partnership with Fluke Reliability and PRUFTECHNIK Group, enhancing its focus of providing technology solutions for maritime and industrial mechanical applications. As the official sales representative for Florida, Georgia, North, and South Carolina, AME is ready to provide reliable support and expertise to machinery operators at every level.PRUFTECHNIK, a provider of precision alignment and condition monitoring technologyā¦
McKeil Marine Chooses Thordon Bearings for Bulker Refit
Thordon Bearings has delivered COMPAC water-lubricated propeller shaft and SXL rudder bearings to replace oil- and grease- lubricated bearings onboard McKeil Marineās bulk carrier Northern Venture as part of a major refurbishment project.Established in 1956, Canada-based McKeil Marine provides marine transportation along the St. Lawrence Seaway, the East Coast, and Canadian Arctic with its diversified fleet of tugsā¦
Iranian VLCC Turns Around After Assadās Fall
A tanker carrying Iranian oil to Syria turned round in the Red Sea to head away from its original destination after the fall of Syrian President Bashar al-Assad, according to ship tracking data.The Suezmax tanker Lotus, carrying around 1 million barrels of Iranian oil, turned around just before the Suez Canal on Dec. 8 to start sailing southbound in the Red Sea, according to maritime data analytics firm Kpler.Tanker Trackersā¦
FMC Closes One Investigation into Conditions Created by Canadian Ballast Water Regulations
The Federal Maritime Commission is closing one of its two investigations of how Canadian ballast water regulations impact shipping in the Great Lakes, but the remaining investigation will continue to permit the agency to assess if Canadian government policies create unfavorable conditions affecting U.S. flagged vessels operating in the U.S.-Canada trade.The Commission published Notice in the Federalā¦
Latin Americaās First Fully Electric Tugboat Launched
Sanmar ends 2024 strong with the launch of the first fully electric tugboat to operate in Latin America.Ordered by SAAM Towage, the new tug is based on the exclusive-to-Sanmar ElectRA 2500SX design from naval architects Robert Allan Ltd, and is the eighth fully electric tug Sanmar has built.The tug built for SAAM Towage measures 25.4 x 12.86m with a draft of 5.55m, and with a installed battery capacity 3ā¦
VIDEO: New Shore Power Solution for Cruise Vessels in Italy
ShoreLink delivered its Shore Power Cable Management System at the Port of La Spezia, marking the connection of cruise vessels to shore power and significantly reducing emissions while ships are docked.Following a successful Factory Acceptance Test (FAT), ShoreLink's Cruise Cable Management System has recently arrived in La Spezia and is currently in storage, ready to be deployed. In cooperation with MONT-ELEā¦
Taiwan Sounds Alarm as China Deploys 90 Ships in Military Drill
Taiwan raised its alert level on Monday saying China has set up seven zones of reserved airspace and deployed naval fleets and coast guard boats in what a security source described as the first military drills across a broad swathe of the region's waters.A senior Taiwan security official told Reuters that China currently has nearly 90 navy and coast guard ships in waters near Taiwan, the southern Japanese islands and the East and South China Seasā¦
CMB.TECH Sells Three Suezmax Tankers
Belgian oil tanker company CMB.TECH has soled three Suezmax vessels to Bocimar International, a wholly owned subsidiary of CMB.The Suezmax vessels include Selena (2007, 150,205 dwt) Cap Victor (2007, 158,853 dwt) and Cap Felix (2008, 158,765 dwt).The sale will generate a capital gain of $70.9 million, and the vessels will be delivered to their new owner in December 2024, CMB.TECH said.āThe transactionā¦
Vard Completes Conversion of IT Infinity PSV to Cable Laying Vessel
Norwegian shipbuilder Vard has delivered IT Infinity vessel to I.T. International Telecom Marine (IT), after completing its conversion from Platform Supply Vessel (PSV) to specialized Cable Laying Vessel (CLV).Built at Vard Brattvaag and delivered to Volstad Maritime in 2008 as the Volstad Princess, the vessel has changed ownership several times.SD Standard Drilling acquired the ship in 2017, before it was sold to IT in 2021 and renamed IT Infinity.In 2024ā¦
