Maritime Vessels Directory

The European Commission has presented its Clean Industrial Deal which aims to accelerate decarbonization while securing the future of manufacturing in Europe.President Ursula von der Leyen said: “Europe is not only a continent of industrial innovation, but also a continent of industrial production. However, the demand for clean products has slowed down, and some investments have moved to other regions. We know that too many obstacles still stand in the way of our European companies from high energy prices to excessive regulatory burden. The Clean Industrial Deal is to cut the ties that still hold our companies back and make a clear business case for Europe.

For the First Time in 50 Years, Live Cattle Exports OKd from Argentina

16 hours ago

The Argentine government has authorized the export of live cattle for slaughter, reversing a prohibition that had been in place for over five decades, after the country's beef exports last year reached their highest level in a century.Argentina, famed for its beef cuts and traditional asado barbecue, is a ranching and farming powerhouse and a major exporter of processed soybeans, corn and wheat.Sales from the country's agricultural sector to foreign markets provide the largest source of hard currency for central bank coffers, needed to finance imports and pay down debts.

SCA’s Paxton Testifies to Congress on Bolstering U.S. Shipbuilding Base

21 hours ago

[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output. Today, as the world’s geopolitical landscape shifts, so too does the reality of the U.S. shipbuilding and ship repair industry. In testimony before the U.S. House Armed Services Committee, Matthew O.

Louis Dreyfus Armateurs Starts Talks for Majority Stake Sale to Private Equity Firm

23 hours ago

Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels, maintenance of offshore wind farms, and installation and maintenance of submarine telecom and power cables.With a worldwide presence, LDA manages a fleet of 23 vessels and generates most of its revenue through long-term contracts with blue-chip customers.

Global Seaborne Iron Ore Trade will be Rocked by Guinea's Simandou Mine

2 days ago

The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne iron ore market.The first cargoes from the project may arrive by the end of this year and it's expected that it will ramp up to its full capacity of 120 million metric tons per annum fairly quickly.The four blocks of Simandou are impressive in their scale and infrastructure challenges, boasting a 620 kilometre (384 mile) rail line, a new port with dedicated trans-shipment vessels that will load bulk carriers offshore.

Maritime Reporter and Engineering News (February 2025)