DP World buys Australia’s Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics […]
ABS has released a pivotal report on the integration of advanced nuclear reactor technology for commercial ship propulsion, particularly targeting LNG carriers. Supported by a contract from the U.S. Department of Energy, the study investigates the feasibility of high-temperature gas-cooled reactor (HTGR) technology and its potential to transform maritime operations. Key Insights from the Study: […]
Grain de Sail, a French sail cargo company and chocolatier, has unveiled its most ambitious project yet: the Grain de Sail III, a significantly larger sail cargo ship designed to enhance its operations. With a capacity of 200 TEU (approximately 2,800 metric tons), this new vessel aims to scale up the company’s sustainable maritime transport […]
Ukraine has formally requested the International Maritime Organization (IMO) to deploy a monitoring mission to its southern Odesa region ports, as Foreign Minister Andrii Sybiha reported on Wednesday. This request comes in response to a surge in Russian missile strikes targeting Ukraine’s port infrastructure, which have resulted in damage to four foreign-flagged civilian vessels since […]
The maritime industry stands on the brink of a technological revolution. As one of the oldest forms of global transportation, shipping has historically lagged in adopting new technologies. However, the rise of artificial intelligence (AI), advanced analytics, and enhanced connectivity is ushering in a transformative era that promises to redefine maritime operations. The Imperative for […]
DP World has announced the acquisition of 47,000 TEUs (Twenty-foot Equivalent Units) that are now registered and branded under the company. This strategic move significantly enhances DP World’s cargo capacity, allowing for a more agile response to customer needs. The addition of these containers ensures seamless access to vital container capacity, empowering customers to maintain […]
SEA-LNG, an industry coalition, is emphasizing the rapid growth of LNG-fueled vessels within the global fleet and the ongoing investments from major shipping companies in this emerging sector. Established eight years ago, SEA-LNG advocates for LNG as a viable marine fuel option, highlighting significant advancements in addressing environmental concerns related to methane emissions. According to […]
Hurricane Milton is rapidly intensifying as it moves across the Gulf of Mexico, now classified as a high-Category 5 storm, with sustained winds reaching 155 knots and a dangerously low central pressure of 897 mb. According to the National Hurricane Center (NHC), conditions could allow for further intensification overnight due to the warm waters of […]
Dubai Maritime City (DMC) has successfully completed significant infrastructure upgrades, enhancing its ship handling capacity and reinforcing Dubai’s position as a leading global maritime hub. The upgrades include retrofitting DMC’s ship lifts, introducing new ship cradles, and activating advanced substations and shore power supplies. With the installation of upgraded 6,000-tonne and 3,000-tonne ship lifts, DMC […]
Carriers are ramping up preparations for a potential strike at U.S. East Coast and Gulf Coast ports, with the situation between the International Longshoremen’s Association and the U.S. Maritime Alliance showing no signs of resolution. In response, shipping companies are introducing surcharges to mitigate anticipated disruptions while maintaining expectations of strong demand during the peak […]
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