Flash News - Breaking News
A shipbroker paid $380,000 in arbitration after failing to disclose voyage restrictions, sparking a costly dispute with charterers. The case underlines the need for precise communication in maritime operations.
Asyaport, Türkiye's largest container terminal, has launched an innovative onshore power supply system, making it the first port in the country to provide shore power to container ships. This initiative is set to significantly reduce carbon emissions and enhance environmental sustainability.
Private equity firm Hahn & Co. is exploring the full sale of SK Shipping, valued at 4 trillion won ($3.07 billion), with Morgan Stanley leading efforts to secure buyers.
Located on Lithuania’s Baltic coast, the Port of Klaipėda is developing a new cruise terminal with expanded quays, green spaces, and a marina to accommodate more ships and tourists, enhancing the port’s regional importance.
Starting February 2025, Ocean Network Express (ONE) will add JAXPORT to its East Coast 2 (EC2) service, boosting trade between Jacksonville and key Asian ports.
A five-tonne bunker fuel spill occurred during a transfer to the Bahamas-flagged bulk carrier Ines Corrado off Changi, with cleanup efforts already completed, according to the Maritime and Port Authority of Singapore (MPA).
Qatar Navigation's subsidiary, Halul Offshore Services, has won a QAR 262 million contract with North Oil Company to enhance data connectivity in Qatar’s energy sector through a new fiber cable system.
COSCO Shipping Lines has placed an order for six conventionally-fueled container ships at Hudong-Zhonghua Shipbuilding, set for delivery by 2027, reinforcing its position as a leading global box carrier.
UK-based robotics firm HonuWorx is set to revolutionize subsea operations with a fleet of all-electric autonomous submarines, aiming to reduce costs, emissions, and reliance on large surface ships.
Mitsubishi Heavy Industries (MHI) introduces AIRIS, an AI-equipped satellite device designed to track elusive vessels, enhancing maritime security and economic protection.