Maritime Vessels Directory

“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.As 4.4m TEU were contracted during 2024, the second highest ever, the order book grew despite deliveries hitting a new record high of 2.9m TEU.“Making up 92% of the order book capacity, ships 8k TEU or larger dominate the order book. The largest segment, 12-17k TEU, makes up 46% of the order book capacity,” says Rasmussen.Shipyards in China have benefitted the most from the last four years’ contracting boom and currently hold 72% of the order book’s 8.

Vessel in Baltic Cable Cut Case "Has Serious Deficiencies", says Finland

7 hours ago

Finland's public transport agency said that an oil tanker suspected of damaging undersea cables in the Baltic Sea was found to have serious deficiencies and will not be allowed to operate until repairs have been made.Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022. The NATO military alliance has said it will boost its presence in the region.Finnish police on Dec. 26 seized the Eagle S tanker carrying Russian oil and said they suspected the vessel had damaged the Finnish-Estonian Estlink 2 power line and four telecoms cables by dragging its anchor across the seabed.

Shandong Port Group Bans 'US-designated' Vessels

yesterday

Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo, three traders said.The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17% of China's imports, ship tracking data from Kpler showed.If enforced, the ban would drive up shipping costs for independent refiners in Shandong, the main buyers of discounted sanctioned crude from the three countries, the traders added.

Advisers try to Pump Brakes on Trump LNG Export Pledge

yesterday

Advisers to U.S.President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions.The recommendations offer a preview of the challenges Trump will face as his bold campaign promises to slash regulation and unfetter industry crash into the reality of governing an unwieldy bureaucracy.In an election-year move, current President Joe Biden halted new LNG export licenses and ordered his administration to conduct a review of the U.S.

Chinese Shipping Company, Shipbuilders Designated "Military Companies" by U.S.

yesterday

As geopolitical tensions rise globally, and President Trump prepares to reenter the White House later this month, focus turns to the maritime sector and China's growing dominance. So when the U.S. Department of Defense released on the Federal Register on January 7, 2025 a "Notice of Chinese military companies operating in the United States," a trio of prominent maritime companies Cosco Shipping Holdings Co.; China State Shipbuilding Corp. and China Shipbuilding Trading Co. made the list, as "the Deputy Secretary of Defense has determined that the entities listed ... qualify as “Chinese military companies” in accordance with the William M.

Maritime Reporter and Engineering News (December 2024)