Royal Caribbean Expects “Another Great Year”
Royal Caribbean said on Tuesday that 2025 was shaping up "to be another great year", with a near 23% jump expected in adjusted earnings, as it benefits from record prices and new river cruise itineraries.Its shares jumped 12% in early trading after the company also forecast full-year adjusted earnings of $14.35 to $14.65 per share, largely above analysts' estimates of $14.41, according to data compiled…
Senators Weigh In on Panama Canal Concerns
A bipartisan group of U.S. senators on Tuesday expressed alarm at China's influence on the Panama Canal, which President Donald Trump has vowed the United States would take back."Chinese companies are building a bridge across the canal – at a slow pace so as to take nearly a decade – and control container ports at either end," Senate Commerce Committee chair Ted Cruz said at a hearing on the canal's role in U.S.
European LNG Imports Up with Asian Influx
The world's imports of liquefied natural gas are set to jump to the highest in a year in January as Europe's winter demand draws cargoes away from top-consuming region Asia.A total of 38.12 million metric tons of the super-chilled fuel is on track to be imported in January, up from 37.69 million in December and the most since January 2024's 38.73 million, according to data compiled by commodity analysts Kpler.The January volume is also the third-highest on record…
Port Protests Do Not Stall Oil Loadings in Libya
Libya's National Oil Corporation (NOC) said oil exports were continuing without disruption following talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday."Operations are proceeding smoothly across all fields and ports after discussions with protesters who held demonstrations this morning at the Es Sider and Ras Lanuf ports," the NOC said in a statement on its Facebook page.According to five engineers and a shipping source…
Bahri, Petredec Team to Address Saudi Arabia’s LPG, Ammonia Shipping
Petredec and Bahri (The National Shipping Company of Saudi Arabia) formed a partnership to address Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team, led by Bahri Oil and Petredec. Bahri’s 40% shareholding in Petredec, combined with Petredec’s world-class LPG logistics and value chain platform, creates a strong foundation…
Ferry Propulsion & The Total Package ... Sustainability, Safety & Siemens Energy
The ocean sector finds itself in a critical moment, especially as the demand to decarbonize grows. Though long-haul is still the biggest emitter in the maritime industry, the need to decarbonize smaller commercial and coastal vessels, including cruise ships, passenger ferries, platform supply vessels (PSVs), offshore service vessels (OSVs), and research ships, is on the rise. Particularly, passenger ferries are pushing into uncharted waters…
Crew Flees Hong Kong-Flagged Ship Amid Fire in Red Sea
The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear.The crew were rescued by another vessel and are safe, the sources said, adding that the incident took place in the open sea off Yemen.The Shanghai-based manager of ASL Bauhinia, Asean Seas Line, was not immediately available for comment.Earlier this month, Yemen's Iran-aligned Houthi
MEGA INFRASTRUCTURE: Inside the Chickamauga Lock Upgrade Project
This episode of Maritime Matters: The MarineLink Podcast, delves into the critical importance of the inland waterways infrastructure in the U.S., focusing on the Chickamauga Lock Project on the Tennessee River. A trio of experts – Tracy Zea, President & CEO of WCI; Elizabeth Burks, USACE Nashville Division Chief; and Capt. Joe Cotton, Project Manager, Chickamauga Lock Project – discuss the current state of the inland waterways…
Damen Hands Over Germany’s First All-Electric Ferry
Damen Shipyards has delivered Germany’s first, all-electric catamaran (E-Kat) ferry to its operator AG Reederei Norden-Frisia.Capable of taking up to 150 passengers, the vessel will operate between Norddeich and Norderney on the East Frisian Wadden Sea.The 32-metre E-Kat has been designed to operate on a 30-minute route with 28 minutes allowed at each end to disembark and embark passengers.Built at Damen shipyards in Poland and the Netherlands…
New COO Takes Charge of DNV Maritime
DNV has appointed Cristina Saenz de Santa Maria to the newly established Chief Operating Officer (COO) role.Effective from January 1, 2025, Cristina Saenz de Santa Maria will in her new role streamline communication and coordination between regional teams and central functions from Singapore base, work closely with key customers globally and strengthen operational capabilities in key growth markets.Since joining DNV in 2005…
IHO Nautical Information Provision Work Group endorses Guide for Nautical Data 2.1
During a meeting on 4 December 2024, the International Hydrographic Organization Nautical Information Provision Work Group (IHO NIPWG) held a vote on the new Guide for Nautical Data 2.1. The guide was unanimously endorsed.The guide has been written, with contributory input from International Harbour Masters Association (IHMA) members around the world, to support hydrographic offices and port authorities…
Sallaum Lines to Keep PCTC Fleet’s Hulls In Check with Jotun’s Solutions
Sallaum Lines has boosted the efforts towards optimizing hull performance and the environmental impact for its fleet with the investment in Jotun’s hull performance solution, HPS, including HullKeeper, for its four Pure Car and Truck Carrier (PCTC) newbuildings in Nanjing Jinling Shipyard.HPS, in combination with HullKeeper, integrates high performance antifouling coatings with expert technical support…
Sanctions Bite, Drive Cost of Russian Oil Shipments Soaring
The trade of Russian oil for March-loading in Asia has slowed significantly as a growing gap between buyer and seller expectations in China has emerged. This disconnect comes amid rising costs for chartering non-sanctioned tankers following new U.S. sanctions, according to traders and shipping data.Fresh sanctions imposed by Washington on January 10 targeting Russia's oil supply chain have caused tanker freight rates to surge.
China Grain Imports Plummet 51%
“In January, grain shipments to China are estimated to fall 51% y/y, partly due to a decline in import demand for soya beans caused by low crusher margins. Although Chinese soya bean production decreased 1% y/y in 2024, inventories are high after a surge in imports in the first half of the year. Import demand for maize and wheat has also declined due to record high harvests in China in 2024,” says Filipe Gouveia…
GTT to Design Tanks for Three New VLECs
French engineering firm GTT has booked an order from Samsung Heavy Industries for the tank design of three new very large ethane carriers (VLECs), bound to become the world’s largest VLECs.The three ethane carriers will each feature a total capacity of 100,000 m3 and will be fitted with GTT’s Mark III membrane containment system.The VLECs will be able to trade various types of liquefied gases such as Ethane…
Italian Navy Ship Transports Migrants to Albania
An Italian navy ship carrying 49 migrants picked up in international waters arrived in Albania on Tuesday, amid a new attempt by Italy to push ahead with a legally contested plan to relocate migrants to the neighbouring country.The navy ship Cassiopea with the migrants reached the Albanian port of Shengjin early on Tuesday, according to a Reuters witness.
Lithuanian Port Building Fuel Cell Powered Tanker
The hull of Lithuania’s first green hydrogen and electricity-powered ship has been launched by the Klaipėda State Seaport Authority.The tanker will accept waste from vessels entering the port when it enters operation later this year.The tanker’s main function is to collect storm water, sewage, sludge and garbage, and it will be equipped with special tanks and a modern rainwater treatment plant that will allow the treated water to be transferred to the city’s sewage treatment plants.
Van Oord Tests Electric Crane Vessel
Van Oord, in cooperation with ZEDHub, Smart Delta Drechtsteden, the Municipality of Dordrecht and Port of Rotterdam, has demonstrated the operation of the fully electric crane vessel Christiaan P, a first for the dredging industry.Christiaan P. is a crane vessel owned by Paans Van Oord which was retrofitted to remove its engines and replace them with electric motors. The crane was also replaced by an electric one.
ABS Expanding Footprint in Southeast Asia
The ABS fleet has grown to 300 million gross tons and has secured the number one position in the global orderbook share. Now ABS is investing in the expansion of its services to ensure it is well placed to meet the growing needs of the marine and offshore industries.That was the message for maritime leaders at the annual ABS Southeast Asia Regional Committee meeting.“Our safety driven mission continues to serve us well…
Passenger Vessel Designed with Parallel Hybrid System
All American Marine (AAM) has been contracted to design and build a 108’ x 32.5’ hybrid passenger vessel for Harbor Breeze Cruises that will operate in and around the Los Angeles/Long Beach port complex.The vessel will be designed with twin MAN D2862 EPA Tier 4 engines, supplied by Northern Lights, and including an SCR system and a diesel particulate filter. The engines will drive fixed-pitch propellers…
