Technology group Wärtsilä will supply the engines for a new Canadian Coast Guard Polar Icebreaker. The ship is being designed and built at Seaspan Vancouver Shipyards and will be the flagship of the Canadian Coast Guard’s icebreaking fleet. Because of the long operational range required for the...
The United Kingdom Maritime Trade Operations (UKMTO) agency said it had received a report of a drone attack on a merchant vessel in the Indian Ocean approximately 300-400 nautical miles southeast of the Horn of Africa on April 26. UKMTO added in its report on Tuesday that the vessel and its crew...
Last Friday at the Chennai campus of the Indian Maritime University, IAPH participated in the first ever International Conclave hosted by IMU and which featured numerous dignitaries, including the Secretary of the Ministry of Ports, Shipping and Waterways and IMU Vice Chancellor as well as the...
Danish Shipping is currently represented in Washington as part of an International Chamber of Shipping delegation. The program includes a dialogue meeting with authorities from a group of major shipping nations, who share common values and the desire for open and unrestricted access to...
https://www.hellenicshippingnews.com/strong-support-for-maritime-dialogue-meeting-in-washington/
Argentina grains ports were being impacted by strike action against government reforms for a second day on Tuesday, industry officials told Reuters, hitting shipments of soy, corn and wheat from one of the world’s top grains exporting countries. “The strikes are affecting the ports of Rosario. They...
Dutch ship owner Seatrade has reached a settlement with the Dutch Public Prosecution Service following the illegal export of four ships to India, Bangladesh, and Turkey for scrapping back in 2012. The agreement entails the payment of a total sum of 5,650,000 euros. Preventing further prosecution,...
Supply chains have been beset by a swathe of new trade protectionism in the past week. In new research, we take a deep dive into the US administration of President Joe Biden’s new tariffs on imports from mainland China. We also dig into mainland China’s tariffs on US chemicals and Taiwanese...
https://www.hellenicshippingnews.com/supply-chain-edge-americas-tariffs-freights-silver-lining/
Corvus Energy, the leading provider of marine battery and fuel cell systems, is pleased to announce that they have been selected by HAF Power Solutions (HPS) to supply Energy Storage Systems (ESS) for the innovative Energy Subsea Construction Vessel (ESCV) to be built for shipowner REM Offshore....
An announcement from the Federal Reserve to kick off the end game for its balance sheet runoff could come as early as this week’s policy meeting, a number of economists say, though an uncertain outlook for interest rates amid sticky inflation could push a “tapering” declaration back to June....
https://www.hellenicshippingnews.com/feds-balance-sheet-plans-could-take-center-stage-this-week/
The euro zone economy rebounded in the first quarter from a mild recession as Germany returned to growth and expansion accelerated elsewhere, while inflation steadied to reinforce the case for the European Central Bank to cut interest rates. Gross domestic product in the 20-country bloc increased...
https://www.hellenicshippingnews.com/euro-zone-rebounds-from-recession-as-inflation-steadies/