In response to the recent capture of the Bulgarian bulk carrier MV Ruen, which is listed under the Maltese flag, Bulgaria is preparing for discussions with Somali pirates. The yacht, which was detained last week, arrived off the coast of Puntland, Somalia, near Bander Murcaayo during the weekend. The Bulgarian prime minister announced that talks …
Adani Ports and Special Economic Zone Ltd (abbreviated the APSEZ) announced on Friday that it had entered into a second strategic partnership with Mediterranean Shipping Company’s (the MSC) arm, Terminal Investment Limited (abbreviated TiL), for the seamless operation of Adani Ennore Container Terminal Pvt Ltd (popularly known as the AECTPL). TiL is a partner of …
The US and its allies are trying to launch a global operation to protect ships passing through the Red Sea. The move was made in response to an increase in Houthi attacks, which prompted concerns about the safety of commercial transportation on this crucial waterway. Following intensive conversations prompted by the recent surge in armed …
A bulk ship operated by a Bulgarian business and flying the Malta flag was reportedly boarded on Thursday in the eastern Indian Ocean near Socotra Island in Yemen, according to a statement from the British maritime security company Ambrey. The incident occurred after a similar occurrence with the same vessel occurred earlier in the Arabian …
Shippers are modifying their routes and keeping a tight eye on Suez Canal traffic as a result of growing security concerns in the Red Sea. Due to the recent increase in incidents, some maritime companies have avoided the region entirely, particularly in the Red Sea and Gulf of Aden. According to Bimco Secretary General David …
Due To Security Concerns, Shippers Changed Routes And Monitored Suez Canal Traffic Read More »
Eagle Bulk Shipping of the United States and Star Bulk Carriers of Greece have amalgamated to establish the largest dry bulk shipping firm listed in the United States. The boards of directors of both firms have authorised the all-stock merger, which results in a pro forma market capitalization of $2.1 billion. When the acquisition is completed …
India has been chosen as the pioneer lead country for the International. Maritime Organization’s (IMO) Green Voyage2050 Project, which aims to assist developing nations in their efforts to reduce GHG emissions from ships. The following projects have been chosen:• Ambuja Cements Limited installed a waste heat recovery system on a bulk carrier.• Inland ferry greening: …
