Petrobras Aims to Lure Chinese Investments to Brazil's Naval Sector
Brazilian state-run energy giant Petrobras seeks to attract fresh Chinese investments to Brazil's oil and gas sector, especially in the naval sector, it said on Tuesday, as Chief Executive Magda Chambriard visits the Asian country.Chambriard and President Luiz Inacio Lula da Silva's chief of staff, Rui Costa, had a meeting with Chinese business people and government officials in Beijing on Monday, the company said in a statement.They presented an overview of Petrobras' activities, according to t
Maersk: All Trans-Pacific Sailings Maintained Despite Tariffs and Trade War
Maersk said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.German container carrier Hapag-Lloyd last week said that its customers had cancelled 30% of shipments to the United States from China, spooked by the trade conflict between…
Guangzhou Port Starts Shipping Route to Peru
China's Guangzhou Port, the largest shipping hub in the country's south, opened a direct route to Chancay port in Peru on Tuesday, state broadcaster CCTV reported, a move it said would reduce logistics costs and bolster trade with Latin America.Located north of Lima, Chancay recently began operations with non-stop voyages to and from Asia, accommodating the largest vessels on South America's Pacific coast.The announcement comes as Beijing aims to further strengthen its relationship with resource
Nakilat Reports USD$118 Million Net Profit for Q1 2025
Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its financial results for the first quarter of 2025, ending March 31. The Company achieved a net profit of QAR 433 million, marking a 3.2% increase from USD$115 million (QAR 420 million) recorded in the same period of 2024. Key Financial Highlights for Q1 2025:Net Profit: USD$118 million (QAR 433 million), up 3.2% year-on-year.Incurred total expenses of USD$184 million (QAR 673 million)…
Capital Group Invests in Kongsberg Simulators for New Training Center in Greece
Kongsberg Maritime has secured a contract with Capital Group, Greece, to deliver K-Sim Engine Room and Cargo simulators for their training centre on the Greek island of Chios.
StormGeo to Leverage AI for Enhanced Port Congestion Insights
StormGeo, a provider of maritime technology solutions, has partnered with the Finnish artificial intelligence (AI) analytics company Awake.AI to deliver AI-powered port analytics to its clients.StormGeo will promote and deliver Awake.AI’s advanced port call analytics integrated in its s-Insight solution, further enhancing its voyage optimization services.The partnership will offer StormGeo clients improved ETA predictions on competing vessels and better visibility into port congestion…
Mitsubishi Shipbuilding Christens Car Ferry KEYAKI
Mitsubishi Shipbuilding christened and launched the first of two large car ferries ordered by Shinnihonkai Ferry Co., Ltd. and Japan Railway Construction, Transport and Technology Agency (JRTT). The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The new ferry will serve on a shipping route between the city of Otaru in Hokkaido and Maizuru…
Trawling-Induced Sediment Resuspension Reduces CO2 Uptake
When bottom trawls are dragged across the seafloor, they stir up sediments. This not only releases previously stored organic carbon, but also intensifies the oxidation of pyrite, a mineral present in marine sediments, leading to additional emissions of carbon dioxide (CO2).These are the findings of a new study conducted by the GEOMAR Helmholtz Centre for Ocean Research Kiel. Based on sediment samples from Kiel Bight in the Baltic Sea…
Recreational Boat in “Hit and Run” with Ferry in Florida
The US Coast Guard Station Sand Key and partner agency crews responded to a vessel collision involving the Clearwater Ferry and a recreational boat on Sunday evening off Clearwater Memorial Causeway Bridge in Florida. There were reportedly 45 people on the ferry and six people on the recreational vessel. One ferry passenger was reported deceased, and 12 people were transported to local hospitals for care.
At Least Eight Dead as Migrant Boat Sinks Off Tunisia, 29 Rescued
Tunisia's coast guard on Monday recovered the bodies of eight African migrants after their boat sank off the country's coast as it sailed towards Europe, a security official told Reuters, adding that 29 other people were rescued.The boat sank in waters off the city of Abwabed near Sfax, a departure point often used by African migrants.Search operations were underway for possible missing persons, said Houssem Eddine Jebabli, an official in the national guard.Tunisia is grappling with an unprecede
US Energy Secretary: US LNG Supplies to Europe Will Continue to Rise
U.S. liquefied natural gas supplies to Europe will continue to rise, U.S. Energy Secretary Chris Wright told Reuters on Monday during a visit to the Polish capital…
US Vessel Sanctions Target Deliveries of Oil and Gas to Houthis
The U.S. imposed sanctions on Monday on three vessels and their owners for delivering oil and gas products to Yemen's Houthis, as Washington piled pressure on the Iran-backed rebels over their attacks on Red Sea shipping.The sanctions targeted Marshall Islands-registered Zaas Shipping & Trading Co and Great Success Shipping Co, and Mauritius-registered Bagsak Shipping Co and the cargo vessels they used to deliver oil and gas products to the Houthi-controlled port of Ras Isa, the U.S.
2025 Voluntary Vessel Speed Reduction Season in California Commences May 1st
The 2025 season for the voluntary NOAA and Protecting Blue Whales and Blue Skies (BWBS) programs will begin on May 1 and conclude on December 31. BWBS and NOAA strongly recommend that all vessels 300 gross tons or larger reduce speeds to 10 knots or less in the VSR zones, identical for both programs, during this timeframe. Please reference the included map for the expanded Southern California zone…
Hepburn and Sons LLC, Stäubli Electrical Connectors to Develop Improved Insulated Bus Pipe for the U.S. Navy
Stäubli Electrical Connectors, a leader in advanced connector solutions, and Hepburn and Sons LLC, a leader in Department of Defense (DoD) technology integration, have announced a strategic partnership to develop an improved version of Insulated Bus Pipe (IBP), tailored to meet the U.S. Navy’s power distribution needs for next-generation high-energy pulsed power systems.This collaboration combines…
Artemis Technologies, Noatum Maritime to Purchase Electric Foiling Pilot Boat for UAE Operations
Artemis Technologies, a leader in commercial electric foiling vessels, has entered an agreement with Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, to purchase an electric Artemis EF-12 Pilot boat to operate in the United Arab Emirates.With a top speed of up to 30 knots and a cruising speed of 25 knots, the Artemis EF-12 Pilot boat offers high-performance electric operations.
CMA CGM Welcomes its First Indian Flagged Vessel at Nhava Sheva Free Port Terminal
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports, Shipping and Waterways of India, Shri Shantanu Thakur.Mr. Atit Mahajan, General Manager, CMA CGM India, hosted the welcoming ceremony, which was attended by key dignitaries from India’s Ministry of states for Ports…
Veson Nautical: US Port Fees May Disrupt Dry Bulk Trade and Vessel Availability
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. This fee, which could reach up to $3.5 million per port call, varies based on the vessel’s origin and the owner’s fleet composition. Given that typical US port calls cost a maximum of $80,000, this fee could significantly impact import and export volumes.According to VesselsValue trade data…
Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap
Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport…
Korea Development Bank to Sell Shares in Hanwha Ocean
South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources.KDB was unavailable for comment after business hours.KDB is the second-largest shareholder in Hanwha Ocean…
Wilhelmshaven LNG Terminal 1 to Reopen After Scheduled Repair
Germany's Wilhelmshaven 1 liquefied natural gas terminal is set to reopen shortly after completing scheduled repair work on the superstructure on the jetty of its transhipment facility last week, according to a note on operator DET's website.It said that the regasification ship Hoegh Esperanza, which waited nearby during the four days of work, had returned to its mooring at midday on April 26."The Esperanza will now be connected to the superstructure and will soon be able to receive the next del
