GREEN ICE

China has allowed representatives from Germany, Sweden, Finland and Denmark to board a Chinese bulk carrier at the centre of an investigation into Baltic Sea cable breaches, the Danish foreign minister said on Thursday.The Yi Peng 3 vessel is wanted in Sweden for questioning over a breach of two undersea fibre-optic cables in November, and has been stationary in waters nearby for a month while diplomats in Stockholm and Beijing discussed the matter.Investigators quickly zeroed in on the ship, which left the Russian port of Ust-Luga on Nov. 15, and a Reuters analysis of MarineTraffic data showed that the vessel's coordinates corresponded to the time and place of the breaches.

The Scythian philosopher Anacharsis (6th century B.C.) said: “There are three sorts of people: those who are alive, those who are dead and those who are at sea.”Many of those onboard the Nella Dan when she grounded in December 1987 never went to sea again. Such was their passion for the ship.At that time, most of the crew were single, a wild bunch with saltwater in their veins, likely to be found partying together during their time ashore and likely to be telling everyone how Nella Dan was always the first to get to Antarctica at the start of the season despite her newer, more powerful competition.The 75.

The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8), and Representative Trent Kelly (R-MS-1) introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act, comprehensive legislation to revitalize the United States shipbuilding and commercial maritime industries.

Alexandre de Gusmão floating, production storage and offloading (FPSO) unit has departed in China and is now on its way to Brazil where it will be deployed at Petrobras’ Mero field, in the Santos Basin.The Alexandre de Gusmão FPSO left China on December 16, following the completion of the construction at COSCO Shipping’s shipyard and the delivery to leasing partners SBM Offshore and Petrobras.The FPSO can produce 180,000 barrels of oil per day and compresses 12 million cubic meters of gas daily.The unit is expected to start operations in 2025, increasing Mero's current production capacity by 31%, reaching 770,000 barrels daily.

The last 12 months has seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market.The report states that the newbuild market experienced continued growth, with a notable rise in orders, particularly in the Post/Panamax and Capesize sectors. Chinese dominance in both ordering and shipyard production remains a defining trend, further consolidating their position in the bulker industry.Container Sector's RiseThe report states that increased sailing distances from a prolonged Red Sea crisis became the main driver of demand in 2024 that culminated in global twenty foot equivalent unit-miles