SOLDOY

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

You would be hard pressed to find a corporate leader more passionate about the company they lead; more dedicated to the customer they serve. In this case it’s George Whittier, CEO, Fairbanks Morse Defense and the U.S. Navy. Upon his return less than five years ago, Whittier has driven FMD towards the top of the U.S. Navy supply heap, with a string of strategic acquisitions. Whittier discusses with Maritime Matters: The Marinelink Podcast, FMD’s rich history and promising future in helping the U.S. Navy rebuild its strategic edge globally with a strengthened manufacturing base.George, let’s start out with your leadership at FMD.

The arrival of the dredger Willem Van Rubroeck in Ndayane has marked the start of maritime works for the $1.2 billion Port of Ndayane, a project led by Dubai-owned ports and logistics firm DP World, which aims to transform Senegal into a major center for global trade.The vessel will dredge a 5 km-long shipping channel - an essential step in building this high-capacity port designed to elevate Senegal’s trade infrastructure.Phase 1 of the project includes an 840 m quay and a 5 km channel capable of accommodating the world’s largest container ships.The construction in this phase will create a capacity to handle 1.2 million TEUs annually.

Golar LNG has decided to call off the floating liquefied natural gas (FLNG) vessel conversion job with Seatrium, following the sale of a Moss type liquefied natural gas (LNG) carrier Golar Gandria for demolition.The first two floating liquefaction vessels delivered by Seatrium to Golar LNG are Hilli Episeyo deployed in the Kribi gas field located offshore Cameroon, and Golar Gimi FLNG deployed in the Greater Tortue Ahmeyim field located offshore Mauritania and Senegal.Following Golar LNG’s sale of the 1977-built Golar Gandria for demolition in 2023, Seatrium and Golar LNG have decided to let the third conversion contract lapse on December 16, 2024, Seatirum informed.

Spilled oil has washed up along "tens of kilometres" of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third vessel was now in trouble.TASS news agency said the third ship, also a tanker, had issued a distress signal off the port of Kavkaz, but its hull was still intact, there was no oil spillage and the crew was safe.The first ship, the Volgoneft 212, split in half on Sunday in the Kerch Strait, between the Black Sea and the Sea of Azov. The second, the Volgoneft 239, ran aground 80 metres (87 yards) from the shore near the port of Taman in the strait.