Damen Highlights Electrification During World Port Days
[By: Damen Shipyards Group] At this year’s World Port Days in Rotterdam, Damen Shipyards Group is placing the acceleration of the maritime energy transition firmly in the spotlight.
MarineCraft News Desk
High Freight Rates Persist for Russian Crude Shipments to India
Freight rates for Russian oil shipments from Novorossiysk to India remain high despite a sharp correction in the Mediterranean tanker market, as many shipowners continue to avoid the Russian Black Sea port because of security risks, shipping and trading sources…
New Zealand’s Lyttelton Port Advances $482M Port Expansion Project
New Zealand's Lyttelton Port Company has commenced its NZ$821 million ($482 million) Te Awaparahi Bay expansion and resilience project, with completion scheduled for 2031. The development encompasses a 388-metre deepwater wharf, a five-hectare container terminal, four new ship-to-shore cranes, and…
Falklands Oil Dispute Ensnares Israeli Investors After Milei Warning
Argentine President Javier Milei's push for sanctions on oil companies drilling offshore in the British-controlled Falkland Islands has put Israeli investors at the centre of a sovereignty dispute over which Britain and Argentina went to war in 1982.Milei, a proclaimed…
Oil Prices Dip, but Weekly Gains Hold Firm After US-Iran Hostilities
Oil prices slid on Friday but were on course to gain more than six per cent for the week after the United States and Iran resumed military exchanges in the seventh month of their conflict, while US diesel prices hit…
Navigation Warning After Ship Loses 46 Containers in Philippine Waters
The Philippine Coast Guard issued a navigational warning for one of its busy shipping lanes after a containership lost 46 boxes overboard in the Batangas region.