Out of the Box

The Switch secures contract for shaft generator drives on new aframax tankers

The Switch has secured a contract to supply single drives for shaft generators to be installed on four tankers currently under construction at Xiamen Shipbuilding Industry in China’s Fujian Province.

The vessels, designed by the Shanghai Ship Research and Design Institute, are 113,600-dwt Aframax tankers powered by LNG dual-fuel engines.

Built for UK-based ship owner Union Maritime, these tankers are scheduled for delivery in the first half of 2027.


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https://container-news.com/the-switch-shaft-generator-drives-aframax-tankers/

BP sells six MR tankers for US$200M

BP is reportedly divesting six medium-range (MR) tankers in a deal valued at around US$200 million.

The vessels include British Cadet, British Captain, British Chief, British Officer, British Engineer (all built in 2017), and British Sailor (built in 2016).

According to brokers, the ships attracted multiple offers over the past two weeks. Although the ownership transfer has been completed, the identity of the buyer has yet to be disclosed.

The 57,000-deadweight-ton vessels were built by Hyundai...

https://container-news.com/bp-sells-six-mr-tankers-for-us200m/

Parrish & Heimbecker acquires grain terminal in Quebec

Parrish & Heimbecker (P&H), a Canadian family-owned agri-business, has bought a deepwater bulk marine export terminal in Quebec City from Société en Commandite Terminal Grains.

The Canadian terminal has been operated by Sollio Agriculture since 2021.

“The addition of a Quebec City terminal is a strong fit for our long-term growth strategy,” said John Heimbecker, CEO of P&H. “It enables us to provide even more reliable and efficient service to our customers, while enhancing our logistics and...

https://container-news.com/parrish-heimbecker-acquires-grain-terminal-in-quebec/

BIMCO’s Dry Bulk Market Report: US Tariffs Weaken Demand Outlook

BIMCO anticipates a weakening in the supply-demand balance of the dry bulk market through 2025 and 2026, driven in part by recent changes in US trade policy.

“Since our last update, tariff increases have dampened the economic outlook and heightened uncertainty. As a result, we’ve revised our cargo demand growth forecast down by 0.5 percentage points for both years,” said Filipe Gouveia, Shipping Analysis Manager at BIMCO.


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The tariffs imposed...

https://container-news.com/bimco-dry-bulk-market-report-us-tariffs-weaken-demand-outlook/

PD Ports unveils Teesport Offshore Gateway development plans

PD Ports aims to develop one of the UK’s largest offshore wind manufacturing and installation hubs – the Teesport Offshore Gateway.

“Unlocking 180 acres (730,000m²) of development potential for a range of offshore manufacturers, assembly, marshalling and supply chain support services, the proposed site will confirm Teesside’s place at the heart of the UK push for Net Zero and energy independence,” said PD Ports in a statement.

Representing a significant investment in the River Tees, the Teesport...

https://container-news.com/pd-ports-teesport-offshore-gateway/

Stolthaven Terminals, Rönesans Holding to jointly develop new terminal in Türkiye

Stolthaven Terminals partners with Rönesans Holding on the development of a new terminal in Ceyhan, Adana, Türkiye.

The facility is part of a large-scale new development, valued at US$2 billion, that also includes a polypropylene (PP) production plant – which Rönesans Holding will develop separately – with an expected annual production capacity of 472,500 metric tons.

Stolthaven Terminals and Rönesans Holding will jointly develop the terminal, which will include a deep-sea jetty and feedstock...

https://container-news.com/stolthaven-terminals-ronesans-holding-to-jointly-develop-new-terminal-in-turkiye/

Golden Ocean, CMB.TECH ink merger deal

Golden Ocean and CMB.TECH NV have signed a term sheet for a proposed stock-for-stock merger that would see Golden Ocean merge into CMB.TECH, creating one of the world’s largest diversified listed maritime groups.

Under the agreed terms, Golden Ocean shareholders will receive 0.95 shares of CMB.TECH for each share they hold, subject to customary adjustments. CMB.TECH will be the surviving entity, and approximately 95.9 million new shares will be issued. Post-merger, CMB.TECH shareholders will own...

https://container-news.com/golden-ocean-cmb-tech-ink-merger-deal/

Veson Nautical: Orderbook for all dry-bulk vessel classes falls

Global economic uncertainty and a cooling of the market has seen newbuild orders for dry-bulk vessels fall by 26% year-on-year, according to Hongbeom Park, Head of Korea for global Veson Nautical, a global leader in maritime data and freight management solutions.

Speaking at Veson Nautical’s Seoul Forum, Park said uncertainty around the future of fuels, historically high newbuild prices and the price premium for dual-fuel vessels was driving the fall.

“The market is slowing in the newbuild sector...

https://container-news.com/orderbook-for-all-dry-bulk-vessel-classes-falls/

Grimaldi Group orders nine Ro-Pax vessels

As part of its fleet expansion and renewal program, the Grimaldi Group has commissioned the construction of nine Ro-Pax vessels from China Merchants Jinling Shipyard (Weihai), a China Merchants Group company.

The agreement for these cutting-edge new builds, worth a total of US$1.3 billion, was signed on 8 April in Hong Kong.

The nine new ships will be equipped with engines capable of running on methanol, making them ready to achieve the “Net Zero Emission” goal.

Four of the new vessels will sail...

https://container-news.com/grimaldi-group-orders-nine-ro-pax-vessels/

Steel imports on unprecedented tear at Port of Liverpool

Peel Ports Group has outlined its strategy to transform the Port of Liverpool into a premier global steel hub following a standout year for bulk steel imports in 2024, with a record 702,000 tonnes processed at the site.

This achievement exceeds the previous record by over 50,000 tonnes and comes on the heels of substantial infrastructure investments by Peel Ports Group aimed at enhancing its support for the steel sector.


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Recently, the company...

https://container-news.com/steel-imports-on-unprecedented-tear-at-port-of-liverpool/

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