port-and-ship
18 March 2025
Port Technology Internationalport-and-ship
Mar 18, 2025Port Technology International
According to HMM, the goal of this endeavour is to test the technology’s functionality in real-world sailing circumstances and evaluate its practicality for purchasing vessel repair components. The installed ‘3D Printing Digital Workshop‘ reportedly produces stainless steel components from metal powder, ensuring appropriate durability.
If implemented, the method has the potential to shorten component lead times by allowing ships to quickly generate critical parts on demand.
READ: HMM, Jawaharlal Nehru Port partner to develop Vadhvan Port
This would enable prompt manufacture of required components, lowering inventory costs while avoiding additional charges and downtime during vessel repair. A representative of HMM stated: “We are committed to strengthening our competitiveness through the adoption of cutting-edge technologies and active participation in research and development of maritime sector.”
Last month, HMM reported 2024 financial performance, with a revenue of KRW 11,700 billion ($8.05 million).
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Uae’S Humanitarian Aid Ship Sails To Gaza With 7200 Tonnes Of Relief SuppliesUAE’s humanitarian ship left for Gaza as part of Operation Chivalrous Knight 3, loaded with 7200 tonnes of relief supplies to meet the urgent needs of the Palestinians.
There are 4680 tonnes of food, 2160 tonnes of shelter material, winter clothes, tents, 360 tonnes of medical supplies, and 4 water tanks.
The people of Gaza suffer from a lack of necessities like food, water and availability of hygiene products. Hundreds of women and children have died, and many have become handicapped and malnourished.
UAE’s charitable organisations have collaborated to provide this aid to the people of Gaza.
This operation shows the UAE’s humanitarian approach and its commitment to relief efforts, setting an example of effective response to support those in need across the world.
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Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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Marine Insight
port & ship
19 October 20253 min readUae’S Humanitarian Aid Ship Sails To Gaza With 7200 Tonnes Of Relief Supplies
Marine Insight
19 October 2025
port-and-ship
38 Kilograms Of Cocaine Found Inside A Shipping Container Of Bananas At Piraeus PortAuthorities in Greece struck another major blow to drug trafficking networks, confiscating over 38 kilograms of cocaine hidden inside a shipping container of bananas at the Port of Piraeus.
The narcotics were found during an operation conducted by the Directorate for Combating Organised Crime, the Narcotics Division, and the Customs and Financial authorities.
Per police reports, 33 packages with cocaine weighing around 38.2 kilograms were found hidden between the refrigeration unit and the inner wall of the container.
The container had arrived by ship from a foreign country, carrying 1080 cartons of bananas destined for Piraeus.
Authorities estimated that the street value of the seized cocaine could exceed a million euros.
Investigation is ongoing to trace the origins and intended recipients of the drug and to ascertain whether the case has links to the international drug trafficking mafia.
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Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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port & ship
19 October 20253 min read38 Kilograms Of Cocaine Found Inside A Shipping Container Of Bananas At Piraeus Port
Marine Insight
19 October 2025
port-and-ship
South Korea’S Hmm Orders 12 Eco-Friendly Container Ships In $2.3 Billion DealHMM, South Korea’s largest shipping company, has placed an order for twelve eco-friendly container ships with domestic shipbuilders in a deal worth 3.05 trillion won ($2.3 billion).
The 13,000 TEU (twenty-foot equivalent unit) vessels will be constructed by HD Hyundai Heavy Industries and Hanwha Ocean, and all will be powered by liquefied natural gas (LNG).
The order marks HMM’s first major domestic shipbuilding investment in seven years and forms part of the company’s mid-to-long-term growth strategy, announced last year, which focuses on fleet expansion and meeting stricter carbon emission regulations.
According to classification society DNV, LNG fuel can reduce greenhouse gas emissions by more than 23%, nitrogen oxides by over 80%, and sulfur oxides by more than 99% compared with conventional fuels.
The new vessels will supplement HMM’s existing fleet, which includes nine methanol-fuelled and two LNG-fuelled container ships. The company aims to strengthen its environmental credentials while increasing shipping capacity.
HMM has a history of large-scale domestic orders. In 2018, it commissioned twenty ships, twelve 24,000-TEU vessels and eight 16,000-TEU vessels, for around 3.1532 trillion won.
Further orders followed, including twelve 13,000-TEU ships in 2021 at 1.7776 trillion won, and nine 9,000-TEU methanol-fuelled ships in 2023 for 1.4128 trillion won.
Company sources said the new investment will help HMM expand its fleet and strengthen its eco-friendly operations. They added that HMM will keep investing in fleet growth and alternative fuels under its 2030 mid-term plan.
Analysts noted that the order will benefit South Korea’s shipbuilding sector, which has been recovering after several years of cyclical downturns, driven by rising global demand for low-emission vessels.
Clarkson Research data shows that about half of all vessels ordered last year were powered by alternative fuels, with LNG accounting for 70% of those orders.
References: The Chosun, asiae
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2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
👉 Discover Deck Department eBooks
3. eBooks on Electrical Fundamentals & Issues
Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts.
👉 Get Electrical eBooks
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👉 Browse Pocket Guide eBooks
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Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer.
👉 Join Online Maritime Courses
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Marine Insight
port & ship
17 October 20254 min readSouth Korea’S Hmm Orders 12 Eco-Friendly Container Ships In $2.3 Billion Deal
Marine Insight
17 October 2025
port-and-ship
Valaris Lands $140M Drilling Deal With Bp In EgyptNew York-listed offshore drilling company Valaris Limited has won a five-well contract with Bp Exploration Delta Limited for drillship Valaris DS-12 in Egypt.
The deal is expected to commence in the second quarter 2026 and has an estimated duration of 350 days.
The estimated total contract value, inclusive of a mobilization fee, is approximately $140m. The contract also includes three option wells.
“We are pleased that DS-12 will return to Egypt with bp, building on our successful exploration campaign together. With this award, we continue to execute our commercial strategy, having now contracted all four drillships that have near-term availability. Looking ahead, we expect to secure additional attractive work for our high-specification drillships,” said Anton Dibowitz, president and chief executive officer.
Valaris operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles and shallow-water jackups.
Shipping Telegraph
port & ship
15 October 20251 min readValaris Lands $140M Drilling Deal With Bp In Egypt
Shipping Telegraph
15 October 2025
port-and-ship
Valaris Lands $140M Drillship Deal With BpNew York-listed offshore driller Valaris has won a contract for one of its drillships from a subsidiary of supermajor BP.
The contract for the 2014-built Valaris DS-12 is for five wells with BP Exploration Delta Limited in Egypt.
The deal is expected to commence in the second quarter of 2026 and has an estimated duration of 350 days.
The estimated total contract value, inclusive of a mobilisation fee, is approximately $140m. The contract also includes three option wells.
“With this award, we continue to execute our commercial strategy, having now contracted all four drillships that have near-term availability. Looking ahead, we expect to secure additional attractive work for our high specification drillships,” said Anton Dibowitz, president and CEO of Valaris.
Splash247
port & ship
14 October 20251 min readValaris Lands $140M Drillship Deal With Bp
Splash247
14 October 2025
port-and-ship
Us Port Fees, And $3 Billion In Costs, Loom For Owners Of Chinese-Built Shipsin Port News
09/10/2025
The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China’s growing dominance on the high seas.
“While some observers believe the October 14 deadline may be extended — or even scrapped — as part of broader negotiations, the uncertainty has already unsettled carriers, adding another layer of geopolitical risk to fleet deployment strategies,” S&P said in a report this week.
Trump’s administration said fees imposed on ships built, owned or operated by Chinese entities will help pay to revive U.S. shipbuilding. A law to direct that long-term funding is making its way through the U.S. Congress with strong bipartisan support.
In an update late last week, the U.S. Trade Representative put ship owners on notice that they, not the agency, are responsible for establishing if the fees apply.
“The burden for determining if a vessel owes the fee is on the operator, NOT CBP,” USTR said.
It also said fees must be paid through the Department of the Treasury’s Pay.gov website, not at the port of entry.
Vessels owned or operated by a Chinese entity will face a flat fee of $80 per net tonnage per voyage to the U.S. Non-Chinese operators of Chinese-built ships will be charged the higher amount of either $23 per net tonnage or $154 per 20-foot equivalent unit capacity. Both fees are imposed on a ship no more than five times a year, maritime technology and data provider Alphaliner said.
Following intense industry push back, USTR significantly eased fees from initial proposals, exempted many U.S.-based operators and extended the timeline for fees on liquefied natural gas (LNG) carriers.
On the other hand, it expanded fees to include any non-U.S. built roll-on/roll-off auto carriers – with exceptions for U.S.-flagged ships.
Alphaliner estimated that Chinese carrier COSCO 601919, including its OOCL fleet, is most exposed to the fees.
COSCO’s fees could be as much as $1.53 billion next year – nearly half of the $3.2 billion projected for the top 10 cargo carriers, it said.
Many other carriers, including France’s CMA CGM, said they re-deployed Chinese-built ships to avoid the fees.
Meanwhile, Beijing has responded. Premier Li Qiang signed a decree pledging countermeasures against any discriminatory measures on Chinese ships or crews.
Trump and Chinese President Xi Jinping are slated to meet at the Asia-Pacific Economic Cooperation (APEC) summit scheduled for late October through November 1 in South Korea.
Last year, U.S. shipyards built fewer than 10 commercial ships. China shipyards, many of which build both commercial and military vessels, turned out well over 1,000.
Source: Reuters
Hellenic Shipping News
port & ship
10 October 20253 min readUs Port Fees, And $3 Billion In Costs, Loom For Owners Of Chinese-Built Ships
Hellenic Shipping News
10 October 2025
port-and-ship
Hudson Structured Capital Management Announces $719 Million Closing Of Hudson Northern Shipping Fund V Lpin International Shipping News
09/10/2025
Hudson Structured Capital Management Ltd. (“HSCM”), an investment manager focused on alternative assets across the Transportation and Re/Insurance sectors, announced the final closing of Hudson Northern Shipping Fund V LP (“HSNF V” or the “Fund”) with total commitments of $719 million, exceeding its $700 million target. HNSF V primarily invests in senior loans and capital leases secured by vessels.
The Fund received commitments from both new and existing investors, consisting primarily of public pension plans and insurance companies. As part of the Fund offering, HSCM structured a rated note feeder vehicle to invest in the Fund, which was capitalized by the issuance of notes, a majority of which received investment-grade rating from an independent third-party rating agency at closing. Ratings are opinions and are not guarantees of future performance.
“The final closing of HNSF V reflects a major milestone for the Hudson Northern Shipping strategy, as it is our largest fund vintage to date. Demand for non-bank lending has continued to grow, and we are excited to have broadened our investor base to allow us to meet the needs of our customers” said Jason Braunstein, Co-Chief Investment Officer for the strategy.
“We are pleased to announce the launch of a rated note feeder vehicle focused exclusively on blue-water shipping,” said Michael Millette, Managing Partner of HSCM. “This structure has allowed new investors to access this lightly-correlated sector.”
Performance Trust Capital Partners LLC acted as structuring advisor and Haynes Boone acted as counsel for the rated note feeder vehicle. Seward & Kissel LLP acted as fund counsel for HNSF V.
Hudson Structured Capital Management Ltd. is an asset manager focused on alternative investments in the Re/Insurance and Transportation sectors. The firm pursues opportunities across primary, secondary, and structured transactions with an emphasis on disciplined underwriting, alignment, and capital efficiency.
Source: Hudson Structured Capital Management Ltd.
Hellenic Shipping News
port & ship
10 October 20252 min readHudson Structured Capital Management Announces $719 Million Closing Of Hudson Northern Shipping Fund V Lp
Hellenic Shipping News
10 October 2025
port-and-ship
Alternative Lender Hudson Structured Raises $719M For Ship FinanceUS alternative financier Hudson Structured Capital Management (HSCM) has raised $719m for its latest shipping vehicle, marking the Connecticut-based firm’s largest maritime fund to date.
The new fund, Hudson Northern Shipping Fund V (HNSF V), exceeded its $700m target, underscoring continued investor appetite for ship finance outside traditional banking channels.
Based in Stamford, HSCM said the fund will primarily invest in senior loans and capital leases secured by vessels, targeting opportunities across the blue-water shipping market. The investor base includes a mix of public pension plans and insurance companies, with both new and returning backers participating in the round.
As part of the offering, HSCM structured a rated note feeder vehicle for the fund — capitalised through the issuance of notes, most of which were granted investment-grade ratings by an independent agency.
“The final closing of HNSF V reflects a major milestone for the Hudson Northern Shipping strategy, as it is our largest fund vintage to date,” said Jason Braunstein, co-chief investment officer at HSCM, adding: “Demand for non-bank lending has continued to grow, and we are excited to have broadened our investor base to meet that need.”
Managing partner Michael Millette noted that the new note vehicle “allows fresh investors to access this lightly correlated sector,” helping diversify capital sources for the maritime industry.
Splash247
port & ship
10 October 20252 min readAlternative Lender Hudson Structured Raises $719M For Ship Finance
Splash247
10 October 2025
port-and-ship
Rio Tinto And Partners To Invest $733 Million In Pilbara Iron Ore Projectin Commodity News
08/10/2025
Rio Tinto RIO said on Tuesday it along with its joint venture partners Mitsui Iron Ore and Nippon Steel 5401 will invest $733 million to develop new iron ore deposits at the West Angelas hub in Western Australia’s Pilbara region.
Rio Tinto, which will contribute $389 million, said the West Angelas Sustaining project will maintain the hub’s annual production capacity at 35 million tonnes, extending mining operations for several years.
The construction will create about 600 jobs, while around 950 full-time roles will be sustained once the project becomes operational. Autonomous trucking of ore is set to begin in 2027.
Mining major Rio added the project forms part of a suite of replacement iron ore developments across Pilbara, supporting a total capacity of around 130 million tonnes per annum.
The West Angelas hub has been a critical part of Rio Tinto’s operations since 2002. Beyond this project, Rio Tinto is advancing a pre-feasibility study for Rhodes Ridge, targeting an initial capacity of up to 40 million tonnes per annum and first ore by 2030.
Shares of Rio Tinto RIO rose 0.9% to A$124.72, outperforming the broader benchmark index XJO, which edged 0.1% lower as of 2329 GMT.
The miner also recently opened the $2 billion Western Range iron ore mine in partnership with China Baowu Steel Group, aimed at sustaining output from its Paraburdoo hub in the Pilbara for up to two decades.
Source: Reuters
Hellenic Shipping News
port & ship
09 October 20252 min readRio Tinto And Partners To Invest $733 Million In Pilbara Iron Ore Project
Hellenic Shipping News
09 October 2025
port-and-ship
Danaos Corporation Announces Senior Notes Offering Of $500 Millionin Hellenic Shipping News
07/10/2025
Danaos Corporation announced today that it plans to commence an offering of up to $500 million of Senior Notes due 2032, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the “Securities Act”).
The Company intends to use the net proceeds from the offering to (i) redeem in full the $262.8 million outstanding principal amount of the Company’s 8.500% Senior Notes due 2028 (the “2028 Notes”) on or about March 1, 2026, (ii) repay in full the outstanding principal amount under its BNP Paribas/Credit Agricole $130 million Secured Credit Facility on December 1, 2025, (iii) repay in full the outstanding principal amount under its Alpha Bank $55.25 million Secured Credit Facility on December 1, 2025, (iv) to pay costs, fees and expenses related to the refinancing, including commissions, placement, financial advisory fees and other transaction costs and professional fees, and (v) for general corporate purposes.
This release does not constitute a notice of redemption with respect to the 2028 Notes and investors are urged to refer to the relevant notice of redemption, when available, for more information regarding the conditions precedent to such redemption, redemption price, record date and redemption date.
This announcement is not an offer for sale or a recommendation or solicitation to buy or sell any securities, nor shall there be any offer, solicitation, or sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws.
Source: Danaos Corporation
Hellenic Shipping News
port & ship
08 October 20252 min readDanaos Corporation Announces Senior Notes Offering Of $500 Million
Hellenic Shipping News
08 October 2025
port-and-ship
Pakistan Sends First-Ever Rare Earth Shipment To U.S. Under $500 Million DealPakistan has exported its first-ever shipment of rare earth elements and critical minerals to the United States, marking the beginning of a $500 million partnership between Islamabad and Missouri-based U.S. Strategic Metals (USSM).
The development follows an agreement signed in September aimed at strengthening bilateral cooperation in mineral exploration and processing.
The consignment, prepared locally in coordination with the Frontier Works Organisation (FWO), includes antimony, copper concentrate, and rare earth elements such as neodymium and praseodymium, according to Dawn.
Officials said the delivery represents a major step in implementing the newly signed framework between Pakistan and the U.S. for developing the entire mineral value chain.
Two Memorandums of Understanding (MoUs) were signed on 8 September 2025 between the Government of Pakistan and USSM, witnessed by Prime Minister Shehbaz Sharif, Field Marshal Asim Munir (N.I.), and senior officials from both countries.
The agreement sets out cooperation in exploration, beneficiation, processing, and the establishment of refining facilities within Pakistan.
According to government sources, the arrangement aligns with U.S. President Donald Trump’s strategy to diversify supply chains for critical materials needed in defence, renewable energy, and advanced manufacturing sectors.
Officials in Islamabad said the deal will help Pakistan enter the global minerals supply network, potentially generating substantial revenue and employment while supporting technology transfer.
The country’s mineral reserves are estimated at around USD 6 trillion, placing it among nations with significant untapped natural resources.
A statement released by USSM described the first shipment as a “milestone” in the Pakistan–U.S. partnership, adding that the company intends to expand cooperation with the FWO in the coming phases. The American firm specialises in the production and recycling of critical minerals identified by the U.S. Department of Energy as vital for modern technologies.
The partnership offers the U.S. an opportunity to strengthen supply security for strategic materials while reducing dependency on dominant suppliers that currently control the global market.
However, the agreement has drawn criticism from Pakistan’s opposition party, Pakistan Tehreek-e-Insaf (PTI). Party Information Secretary Sheikh Waqqas Akram urged the government to disclose full details of what he termed “secret deals” with Washington. He argued that such arrangements must be debated in parliament and made public to ensure transparency.
Reference: US Strategic Metals
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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Marine Insight
port & ship
08 October 20253 min readPakistan Sends First-Ever Rare Earth Shipment To U.S. Under $500 Million Deal
Marine Insight
08 October 2025
port-and-ship
2020 Bulkers Sells Newcastlemax Trio In $209M DealLars-Christian Svensen-led 2020 Bulkers has inked an agreement to sell three of its newcastlemax vessels for $209m to an unnamed buyer.
The Oslo Børs-listed newcastlemax shipowner said it had agreed to offload the 208,000-dwt Bulk Sandefjord and Bulk Santiago, both built in 2019, and the 2020-built vessel, Bulk Shenzhen.
The three newcastlemax vessels will be sold to an unaffiliated third party for a total consideration of US$209m.
As it is reported, each sale is subject to certain closing conditions, in line with industry standards.
The company will retain the vessels’ respective operating cashflows until closing of each vessel transaction, the shipowner said in a filing, each of which is agreed to take place during the first quarter of 2026.
Meanwhile, the shipowner expects to recognize a net book gain of around US$89m upon completion of the transactions.
The company’s board of directors will, subject to completion of the sales, determine the allocation of the net proceeds from the transactions.
Currently, 2020 Bulkers has six newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
Shipping Telegraph
port & ship
30 September 20251 min read2020 Bulkers Sells Newcastlemax Trio In $209M Deal
Shipping Telegraph
30 September 2025
port-and-ship