Government Update News

 

Finland to Acquire New Icebreaker

Dec 16, 2024

Finland will replace one of its eight existing icebreakers with a new vessel to secure open routes in the Baltic Sea year round, the Finnish government said on Monday.The announcement followed the signing of an 'ICE Pact' last month, a deal between the United States…

House Oversight Committee Releases Memo on USCG Misconduct Probe

Dec 13, 2024

House Committee on Oversight and Accountability has released an interim staff memorandum providing an update on the Committee’s ongoing investigation into the United States Coast Guard (USCG) following allegations of pervasive sexual assault and misconduct…

Netherlands Navy CCS arrives at Damen after Sea Trials

Dec 13, 2024

Combat Support Ship (CSS) Den Helder (A834) arrived in Vlissingen this morning after successfully completing her maiden voyage and sea trials.The new supply ship for the Royal Netherlands Navy departed from the Damen Naval shipyard in Galați…

Trump Signals Support for ILA Dockworkers

Dec 13, 2024

U.S. President-elect Donald Trump on Thursday appeared to back the anti-automation stance of some 45,000 union dockworkers on the U.S. East and Gulf Coasts, whose labor talks are at an impasse over that polarizing issue.The ILA and the United…

Authorities Attempt to Reopen Germany's Mosel River

Dec 13, 2024

Navigation authorities will attempt to install a temporary lock system on the river Mosel in west Germany this weekend to enable the river, an important route for grains and rapeseed shipments to and from Germany and France, to reopen to cargo shipping…

Sweden: New Offshore Wind not Commercially Viable

Dec 13, 2024

Developing offshore wind projects off Sweden's coasts is not commercially viable currently, a government commission tasked with reviewing and speeding up the system for authorizing new wind parks said on Friday.The commission recommended that…

Taiwan: China's threat towards island is "evolving"

Dec 13, 2024

Taiwan's defense ministry said on Friday that China's threat to Taiwan and the region has been evolving since 2022, when it began its current series of war games, and its recent large-scale buildup of maritime forces is a testament to this.China's…

CMA CGM seeks 2025 Singapore biofuel bunker supply

Dec 13, 2024

French shipping major CMA CGM is seeking marine biofuel for term delivery in Singapore, the world's largest bunker hub, between January and December 2025, according to market sources.The company has been one of the top lifters of marine biofuel in Singapore this year…

Taiwan Signals Likely End to Latest Chinese Drills

Dec 12, 2024

Taiwan's defense ministry on Thursday closed an emergency response center opened earlier this week in response to what it said were stepped up Chinese military activities nearby, likely signaling an end to Beijing's maneuvers.Taiwan's defense…

Panamanian-flag Tanker Rescues 73 in Dramatic Ops

Dec 12, 2024

The Panamanian-flagged tanker Nestos (IMO 9417464) played a pivotal role in a search and rescue mission, coordinated with the Greek Coast Guard, to save a distressed vessel.As reported by the Designated Person Ashore (DPA), the Nestos responded immediately to the call from Greek authorities…

Update on Insolvency of FSG-Nobiskrug Shipyard

Dec 12, 2024

Salaries of the 500 employees are secured by insolvency money; discussions planned with clients for shipbuilding projects already underway. The Provisional insolvency administrators want to jointly develop restructuring solutions.The Flensburg…

Launch, Naming Ceremony at Seaspan for HMCS Protecteur

Dec 12, 2024

Seaspan Shipyards, Canada’s long-term, strategic shipbuilding partner for large, complex vessels under Canada’s National Shipbuilding Strategy, and the Royal Canadian Navy have reached an important milestone for the first Joint Support Ship…

Panama Canal Battles Ongoing Drought

Dec 12, 2024

The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate…

USACE taps Gatehouse Maritime for AIS Tech

Dec 11, 2024

Gatehouse Maritime, a provider of  AIS (Automatic Identification System) network monitoring and maritime domain awareness software, announced the award of a new contract from the U.S. Army Corps of Engineers.The contract, initially set for one year…

Moody's: Port of Oakland A1 Rating Maintained

Dec 11, 2024

Port as primary gateway for Northern California region a key credit strength. Moody’s Investors Service, Inc. (Moody’s) has maintained the Port of Oakland's senior lien rating at A1 stable. The A1 stable senior bond rating reflects the Port’s strong liquidity…

Logistics News

Russian Oil Freight Rates to India Ease Further With Increased Tanker Availability

Russian Oil Freight Rates to India Ease Further With Increased Tanker Availability

Russia Grain Exports Plummet 63%

Russia Grain Exports Plummet 63%

Singapore Ship Bunker Sales hit 16-month High

Singapore Ship Bunker Sales hit 16-month High

Unresolved Issues Plague Vietnam-US Trade Talks

Unresolved Issues Plague Vietnam-US Trade Talks

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UN Ocean Conference announces financial deals
Sources say that Boeing's top executive Pope visited Air India's headquarters to discuss the plane crash.
Cyprus is asked to assist Portugal and Slovakia in evacuating their citizens from the Middle East