Wallenius Wilhelmsen Nets $766M Multi-Year Shipping and Logistics Deal
![(Credit: Wallenius Wilhelmsen)](https://images.marinelink.com/images/maritime/w100h1500/credit-wallenius-wilhelmsen-154188.jpg)
Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a five-year agreement with an agriculture, forestry and roadbuilding equipment manufacturer to provide its shipping and logistics services.The agreement with an unnamed Wallenius Wilhelmsen’s client is valued at approximately $766 million in total, based on expected volumes over the five-year period.Rates are in line with current market levels and the agreement includes a partnership on decarbonization…
Wärtsilä to Provide Operational Support for Seven Capital Gas LNG Carriers
![(Credit: Capital Gas Ship Management)](https://images.marinelink.com/images/maritime/w100h1500/credit-capital-gas-ship-management-154187.jpg)
Technology group Wärtsilä has signed a five-year lifecycle agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management.The agreement with Wärtsilä will help Capital Gas to optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.It…
Which Shipowners are Choosing Ammonia?
![Source: NYK](https://images.marinelink.com/images/maritime/w100h1500/source-nyk-154181.png)
The shipping industry is looking into ammonia as an alternative fuel for powering ships, amid other ongoing plans to cut carbon emissions and achieve net-zero by 2050.Here is a list of companies with ammonia-fuelled ship projects:NIPPON YUSEN KAISHA (NYK)NYK, with IHI Power Systems and Nippon Kaiji Kyokai (ClassNK), completed the world's first ammonia-fuelled tugboat, Sakigake, on Aug. 23. The vessel…
Ship Recycling Market Hopeful as Baltic Index Drops
![Source: GMS](https://images.marinelink.com/images/maritime/w100h1500/source-gms-154180.jpg)
There seems to be positivity in the ship recycling market as the Baltic Index’s main Sea Freight Index fell for its ninth consecutive week this week, dropping to its lowest levels of the year, reports cash buyer GMS.“In essence, this decline especially affects older trading fleets, which in turn has seen all recycling markets register imports at their respective waterfronts this week, including a welcome return from Pakistan to the fray,” says GMS.
Panama Canal Defies Drought: Net Income Surges to $3.45 Billion
![© Mary Baratto / Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/mary-baratto-adobe-stock-154177.jpeg)
The Panama Canal's profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number of vessels that passed through the waterway, its authority said on Friday.Adverse weather conditions that reduced water available for the canal to operate forced the authority to cut the number of ships authorized to pass per day between late 2023 and early 2024…
US East Coast, Gulf Coast Port Workers Union to Resume Contract Talks in November
![](https://images.marinelink.com/images/maritime/w100h1500/-154176.jpeg)
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employers will resume negotiations next month toward reaching a new six-year contract ahead of a Jan. 15 deadline, they said on Friday.The International Longshoremen's Association union agreed to end a three-day strike on Oct. 3 after it won agreement for a 62% wage hike over six years with the United States…
OOCL to Charter Six New Containerships from Seaspan
![(top left) Weidong Tao, Chief Executive Officer of OOCL; (top right) Bing Chen, Chairman, President and CEO of Seaspan; (bottom left) Kenny Ye, Chief Operating Officer of OOCL; (bottom right) Nick Lau - Senior Director, Business Development APAC of Seaspan (Photo: OOCL)](https://images.marinelink.com/images/maritime/w100h1500/top-left-weidong-tao-chief-154175.jpg)
Orient Overseas Container Lines (OOCL) announced it has entered into charter agreements with Seaspan, to charter six brand new 13,000 TEU container vessels for a maximum aggregate amount of RMB 11.2 billion. The expected delivery of these vessels is from the fourth quarter of 2026 to the first quarter of 2028 and is to be chartered for 15 years from delivery."OOCL has been continuously assessing the global economic situation…
US Judge Approves Shipping Companies' Settlement with DOJ Over Baltimore Bridge Collapse
![(Photo: Brandon Giles / U.S. Coast Guard)](https://images.marinelink.com/images/maritime/w100h1500/photo-brandon-giles-us-coast-154173.jpg)
A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore's Francis Scott Key Bridge in March, killing six people.The payment, approved by U.S. District Judge James Bredar, resolves the U.S. government's claims after the Justice Department filed a civil claim in September seeking $103 million from two Singaporean companies, Grace…
Naming Ceremony Held for Great Lakes' New Hopper Dredge Galveston Island
![(Photo: Great Lakes Dredge & Dock Company)](https://images.marinelink.com/images/maritime/w100h1500/photo-great-lakes-dredge-dock-154172.jpg)
Great Lakes Dredge & Dock Company on Friday held a naming ceremony for its new hopper dredge, Galveston Island.The newbuild is the first of two new 6,500-cubic-yard-capacity trailing suction hopper dredges (TSHD) being built by Conrad Shipyard for the United States' largest dredging contactor.The dredge is equipped with a direct high-power pump-ashore installation, dredging system automation, dynamic positioning and tracking, U.S.
Sorenson Joins St. Johns Ship Building in VP Role
![Jim Sorenson (Photo: St. Johns Ship Building)](https://images.marinelink.com/images/maritime/w100h1500/jim-sorenson-photo-st-johns-154170.jpg)
St. Johns Ship Building announced it has appointed Jim Sorenson as vice president of government sales. Sorenson will spearhead all government-related sales efforts at the Palatka, Fla.-based shipyard and report directly to Joe Rella, president of St. Johns Ship Building.With over 20 years of experience in the maritime industry, Sorenson brings a wealth of expertise in government and commercial sales, project management and customer relations.
Solstad Offshore Scoops $54M in New Vessel Contracts in Brazil
![Normand Turmalina AHTS (Credit. Solstad Offshore)](https://images.marinelink.com/images/maritime/w100h1500/normand-turmalina-ahts-credit-solstad-154167.jpg)
Norwegian offshore vessel owner Solstad Offshore has secured multiple contract awards with clients in Brazil for two of its anchor handling tug supply (AHTS) vessels and one construction support vessel (CSV).Solstad’s Normand Topazio and Normand Turmalina AHTS vessels have been awarded one-year contracts each, starting in October and November 2024, respectively. Both awards are in direct continuation of current contracts.Also…
Did You Know? Maritime Infostealer Incidents See Significant Rise in 2024
![© ASoullife / Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/asoullife-adobe-stock-154166.jpg)
In the first half of 2024, the volume of cybersecurity incidents involving infostealers has increased significantly, and maritime victims have been no exception.Infostealers are a type of malware designed to steal sensitive information from an infected system, such as login credentials, financial data, browser history, and other personal or corporate information.The maritime industry relies heavily on interconnected systems and digital platforms to manage logistics…
Sofia Offshore Wind Farm Construction Well Underway
![Van Oord's Aeolus vessel (Credit: Port of Tyne)](https://images.marinelink.com/images/maritime/w100h1500/van-oords-aeolus-vessel-credit-154161.jpg)
Van Oord has installed over a quarter of the foundations which will support Sofia offshore wind farm’s 100 wind turbines in the North Sea since the start of operations in May.The Dutch contractor Van Oord is using the Port of Tyne’s Clean Energy Park as a storage and marshalling base, benefitting from direct access to its deep-water quay and connection to the North Sea.The port has been welcoming the tallest offshore installation vessel in its history, the Aeolus.
Singapore Trials IHO S-100 Aboard Italian Navy Training Ship
![Source: MPA](https://images.marinelink.com/images/maritime/w100h1500/source-mpa-154153.png)
The International Hydrographic Organization - Singapore Innovation and Technology Laboratory (IHO-Singapore Lab) is conducting trials of next generation IHO S-100 standards and dual format Electronic Navigational Charts (ENCs) on a prototype S-100 ECDIS [2] aboard the Italian Navy's training ship, Amerigo Vespucci.This is known as the “dual fuel” mode within the international hydrographic community…
INTERTANKO Wants More Information on Ports with Challenging Water Quality
![© madscinbca / Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/madscinbca-adobe-stock-154152.jpeg)
INTERTANKO is opening its Ports with Challenging Water Quality Database to non-members in a bid to increase understanding of the issues that ballast water management systems are facing.Any shipowner can now contribute to the results by submitting their own reports.The database is designed to support vessels calling at ports that cause ballast water management systems (BWMS) to run sub-optimally due…
Paris MoU Raises Fire Door Concerns
![© terskov / Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/terskov-adobe-stock-154151.jpeg)
The Paris MoU has raised concerns about fire safety, specifically fire doors, after the results of two previous concentrated inspection campaigns found a high level of non-compliance.The results of a concentrated inspection campaign on Fire Safety held from September 1 to November 30, 2023 were shared with the industry. Overall, compliance appeared to be satisfactory, however the result was less favorable on two specific topics…
Open Letter: Please Stop Shipping Live Animals into War Zones
![Source: Israel Against Live Shipments](https://images.marinelink.com/images/maritime/w100h1500/source-israel-against-live-shipments-154150.jpg)
A group of animal welfare organizations have written an open letter to Stella Kyriakides, European Commissioner for Health and Food Safety, asking her to stop the live export of cattle to war zones.There have been over 100 shipments of cattle and sheep from Europe to Israel so far this year and an unknown number of livestock exported to Lebanon since the fighting expanded in that region.Ethical Farming…
Dali Owner to Pay US $102 Million Over Baltimore Bridge Collapse
![(Photo: Dylan Burnell / U.S. Army Coprs of Engineers)](https://images.marinelink.com/images/maritime/w100h1500/photo-dylan-burnell-us-army-154149.jpg)
The owner and operator of the cargo ship that struck Baltimore's Francis Scott Key Bridge in March, killing six people, have agreed to pay $102 million to the federal government, the U.S. Justice Department said on Thursday.The department in September filed a civil claim seeking $103 million from two Singaporean companies, Grace Ocean Private Limited and Synergy Marine Private Limited. The claim was intended to recoup the money the U.S.
Bollinger Lays Keel for New Rocket Transport Vessel
![(Photo: Bollinger Shipyards)](https://images.marinelink.com/images/maritime/w100h1500/photo-bollinger-shipyards-154148.jpg)
Bollinger Shipyards officially laid the keel for the R/S SpaceShip on October 24, 2024. The event, held at Bollinger Marine Fabricators, was attended by key executives, including Tory Bruno, President and CEO of United Launch Alliance (ULA), and Ben Bordelon, President and CEO of Bollinger Shipyards.The R/S SpaceShip is set to be the second vessel in ULA’s maritime fleet, designed specifically to transport Vulcan rockets from their manufacturing facility in Decatur…
Port NOLA Names Beth Ann Branch President & CEO
![(Photo: Port NOLA)](https://images.marinelink.com/images/maritime/w100h1500/photo-port-nola-154147.png)
The Port of New Orleans (Port NOLA) Board of Commissioners has announced the appointment of Beth Ann Branch as President and Chief Executive Officer, effective December 1, 2024. Branch, a highly regarded expert in global maritime strategy with over 20 years of experience in transportation and logistics, will also serve as CEO of the New Orleans Public Belt Railroad (NOPB). She succeeds Ronald Wendel Jr.…