Brazilian sources and local media reported that approximately 60,000 port workers across Brazil went on to strike Oct. 22 for 12 hours, from 7 am to 7 pm local time. This industrial action follows the announcement of a controversial bill affecting labor rights for temporary workers and dockers, as well as abolishing the public wharf in Santos, the country’s largest port. Currently, the ports of Santos, São Sebastião and Paranaguá are reported to be “operating with 50% of workers today,” according to a Brazilian logistics source. In contrast, several private ...

Technology group Wärtsilä and Qatar Shipyard Technology Solutions signed a Memorandum of Understanding (MoU) on 30 September 2024. The MoU paves the way to formalise the cooperation between the two companies and ensures that vessels calling at Qatar Shipyard Technology Solutions for repairs, maintenance, or retrofit projects involving 2-stroke / 4-stroke engines, and propulsion equipment receive the optimal level of service support. At the MoU signing event, Mr. Jos J.A.A. Goris, Chief Executive Officer, Qatar Shipyard Technology Solutions highlighted that: “This agreement with Wärtsilä further enhances the technical capability and ...

Cargotec’s interim report January–September 2024: Seventh quarter in a row with good and stable results Orders received increased in Hiab and MacGregor Strong profitability and cash flow Sales process of MacGregor progressing according to plan Outlook specified for Hiab and MacGregor Unless otherwise stated, the financial information in this report concerns Cargotec’s continuing operations. July–September 2024 in brief: Orders received increased Orders received increased by 14 percent and totalled EUR 597 (522) million. Order book amounted to EUR 1,691 (31 Dec 2023: 1,788) million at the end of the period. ...

Miros AS is pleased to announce a significant milestone in its strategic growth by acquiring full ownership of Miros Mocean AS. The acquisition enhances Miros’ ability to provide cutting-edge real-time ocean insights, benefiting all relevant market segments, including commercial shipping. As of September 2024, Miros acquired all remaining shares in Miros Mocean from its joint venture partners, BW Group and Copenhagen Commercial Platform (CCP). Miros Mocean will continue to operate as a wholly owned subsidiary of Miros, under the leadership of CEO Marius Five Aarset. “The full integration of Miros ...

Singapore LNG Corporation (SLNG) has agreed to charter from a unit of Japan’s Mitsui O.S.K. Lines (MOL) 9104.T a newly built floating storage and regasification unit (FSRU) as the island nation’s second import terminal for liquefied natural gas (LNG). SLNG, which operates Singapore’s sole LNG terminal, said on Wednesday that the new terminal, or FSRU, was expected to start operations by the end of the decade. It will be built by South Korean shipbuilder Hanwha Ocean and have a storage capacity of 200,000 cubic meters and a regasification capacity of ...

Iron ore futures extended losses to a second session onWednesday, as a weaker global steel market outlook and softer forecasts for China’s economic recovery overshadowed the top consumer’s latest raft of stimulus measures. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended morning trade 1.91% lower at 746.0 yuan ($104.60)a metric ton. The benchmark November iron ore SZZFX4 on the Singapore Exchange was 2.0% lower at $98.6 aton, as of 0702 GMT. Global crude steel production in September fell 4.7% from a year earlier to ...

During his visit to Imam Khomeini Port’s special economic zone, Ali Akbar Safaei referred to the actions and achievements in the investment, marine and technical fields in the ports and maritime department of Khuzestan province and said: 840 ships have docked in the area since the beginning of this year, remarkable in terms of safety and accident-free status. As announced by a provincial official, the loading and unloading of goods in Imam Khomeini port increased by 10.5 percent during the first half of the current Iranian calendar year (March 20-September ...

NYK’s new Regional Managing Director Hiroyuki Noma, stationed in Singapore, made a courtesy visit to Hambantota International Port (HIP) last week. The delegation also consisted of Keisuke Furukawa, Regional RORO head; Sagara Pieris, Group Management Committee Member; Jeremy Anandappa, Director NYK Lanka (Pvt.) Ltd.; and Dhammika Sampath, Deputy General Manager of Customer Service & Business Development. The delegation held discussions with Wilson Qu, CEO of Hambantota International Port Group (HIPG) and his Commercial and Marketing, as well as Operations teams on the RO-RO operations currently being handled by HIPG. The ...

The ongoing conflict in the Red Sea, marked by frequent Houthi rebel attacks, poses a grave threat to global shipping and international trade, according to the Cyprus Shipping Chamber. In an interview with the Cyprus Mail, Thomas Kazakos, Director General of the chamber, highlighted the dire consequences these attacks have on maritime operations. Kazakos called for stronger international cooperation and protective measures to safeguard seafarers and secure vital supply chains, underscoring the escalating costs and delays caused by these disruptions. In addition, he outlined the ongoing initiatives the chamber is ...

Dulux paints maker AkzoNobel AKZO.AS missed expectations for third-quarter sales and earnings on Wednesday, hit by weak consumer demand and lower pricing in China. Shares in the Dutch paints-and-coatings maker fell 5.3% by 0708 GMT, the worst performer on Amsterdam’s blue chip index .AEX. They have fallen more than 19% so far this year after a string of consensus misses in recent quarters. “Our business in China is doing really well on the industrial side and it is doing pretty badly on the consumer side,” finance chief Maarten de Vries ...

Damen has delivered the first of three Combi Freighters (CF) 3850 that it is building for Reederei M. Lauterjung at the Ba Son Shipyard in Vietnam. Following the delivery, the vessel set sail on its maiden voyage, transporting cargo from South East Asia en route to Europe. On arrival, the vessel, named MV Arion, will enter into a charter agreement with Amadeus Schiffahrts- und Speditions, a subsidiary of HGK Shipping, where it will operate under the name Amadeus Pearl. Cargo pioneer The CF 3850 is a next generation vessel. It ...

Every ship leaving a shipyard with a substandard water treatment system will pollute the oceans for the next 25 years. This is a hidden crisis that fails to reach the public even though it is pretty established among those ever sailed on a commercial vessel and even some regulatory bodies, yet its impact on our marine ecosystems is devastating. The MARPOL Convention, which governs ship pollution, is simply not enough. The regulations allow ships to meet minimal standards, enabling them to operate with wastewater treatment systems that fail to properly ...

Crest Collective is pleased to announce its partnership with HEBO Maritiem Service and Bonn & Mees Floating Sheerlegs. With this development, HEBO and Bonn & Mees have entrusted Crest with the delivery of personal leadership programs for their teams. HEBO and Bonn & Mees have recently joined forces in a bid to provide their clients with wider availability of a broad range of maritime services in areas such as heavy lift, specialized transport, salvage operations and emergency response. To facilitate the growth of their operations, the two companies are focusing ...

Haven Dredging and Stema Systems will join forces this month to host an exclusive event demonstrating the advanced dredging technologies – Tiamat, RheoTune and Silas2D – at Harwich Haven Authority, on Wednesday 30 October 2024. A large crane on a boat Description automatically generatedGiving the next generation of dredging professionals an exclusive insight into some of the world’s leading alternative dredging technologies, Haven Dredging and Stema Systems will showcase the benefits and innovations for port authorities and maritime professionals, while enabling collaboration and knowledge sharing within the industry. The event ...

The race for industry recognition is on at Nor-Shipping 2025, with today’s launch of the prestigious Next Generation Ship and Ocean Solutions Awards. The accolades support the exhibition and event week’s main theme of #future-proof, as leading global innovators compete against one another to showcase truly defining projects and solutions. Both awards, which hold extra significance coming in Nor-Shipping’s 60th anniversary year, will be judged by expert panels, with Remi Erikson, Group President and CEO, DNV, leading deliberations for the Next Generation Ship jury, and Kjerstin Braathen, Group CEO, DNB, taking charge for ...