Business

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BATTERY-POWERED BULKERS TO USE WIND ROTORS OPTIMIZED FOR HARSH CONDITIONS

19 JAN 2025  Berge Rederi will incorporate two specially designed wind rotor sails from Norsepower into its innovative zero-emission bulk carriers now building in Nanjing, China. The company reports the vessels expected to launch starting late this year will be the world’s largest battery-powered bulk carriers and far surpass the …

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FALSE FLAG SHADOW TANKER DETAINED IN VENEZUELA

18 JAN 2025  The Maritime Authority in Guyana is confirming media reports that a tanker being detained in Venezuela was flying a false flag and not legitimately linked to Guyana. The Venezuelan military authorities reportedly detained the vessel over the weekend for sailing in the country’s waters without permission. According …

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WELLARD SELLS LAST SHIP, ENDS BUSINESS WITH LIVE EXPORT UNDER PRESSURE

17 JAN 2024 Once described as Australia’s largest live export business, Wellard announced the sale of its final ship as it shuts down shipping operations. The move comes as live export continues to be under pressure and is scheduled to become illegal in Australia and elsewhere. Wellard traces its origins …

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US SLAPS SANCTIONS ON CHINESE YARD WISON FOR SUPPLYING TECHNOLOGY TO ARCTIC LNG 2

17 JAN 2025 Time has run out for Chinese technology provider Zhoushan Wison Offshore and Marine, a key partner in Novatek’s Yamal LNG and Arctic LNG 2 projects. The company’s brazen scheme to deliver a large power plant from its Zhoushan yard to the Russian Arctic last fall has now …

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ISSUE OF SEAFARER CRIMINALIZATION HIGHLIGHTED IN NEW EFFORT BY INTERMANAGER

16 JAN 2025  InterManager is concerned by the increasingly harsh treatment of ships’ crew in some parts of the world. The trade association for the ship management sector is starting an effort to collect data and highlight to the IMO and other industry stakeholders the harsh treatment of seafarers including …

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CHINA WINS RELEASE OF FISHING BOAT HELD OFF SOMALIA

16 JAN 2025  The Chinese Embassy in Somalia announced that the fishing vessel seized by pirates in November has been released. They said the crew was unharmed and the vessel was moving into “safe waters.”  The incident involving the fishing boat was reported at the beginning of December by EUNAVFOR …

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BALTIMORE BRIDGE DISASTER SHIP DALI COMPLETES REPAIRS IN CHINA

15 JAN 2025 Most people would recognise the Grace Ocean owned container ship Dali from the images of it with the wreckage of the Francis Scott Key bridge in Baltimore harbour strewn across its bow that were screened in news broadcasts and stories around the global in late March 2024. …

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HOW SALVORS CARRIED OUT DALI WRECK REMOVAL SAFELY

14 JAN 2025 The salvage of the container ship Dali from Baltimore harbour involved a collapsed roadway, dangerous cargoes, a gas pipeline, and power cables. A complex mix of chemicals and water, and the fact that Dali was resting on energy lines after it had lost power and demolished Baltimore’s …

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RESEARCHERS HAVE FOUND A WAY TO HELP ERASE BAD MEMORIES

15 JAN 2025 Being able to erase bad memories and traumatic flashbacks could help in the treatment of a host of different mental health issues, and scientists have found a promising new approach to do just this: weakening negative memories by reactivating positive ones. In an experiment covering several days, …

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CHINESE EXPORTS RISE TO RECORD AHEAD OF LOOMING TRUMP TARIFFS

14 JAN 2025 Chinese exports hit a record high as companies rushed to get goods out the door to make up for sluggish demand at home and ahead of the return of President-elect Donald Trump to the White House. Exports rose 7.1% to 25.5 trillion yuan ($3.5 trillion) last year, …

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