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Maritime

The Heritage Foundation: The U.S. Navy Needs 400 Ships

Thomas Callender, a Senior Research Fellow for Defense Programs at The Heritage Foundation, has released a report saying the U.S. needs a 400-ship Navy in order to win in conflict.

Navy of the Future: The Revolution & Evolution of Surface Combatants

Following the drawdown at the end of the Cold War, the Navy finds itself trying to build up again.  

Sovcomflot Tanker ‘Gagarin Prospect’ Successfully Completes First Commercial Voyage On LNG

Sovcomflot crude oil tanker Gagarin Prospect, operating on LNG fuel, successfully completed her voyage across the Baltic and North Seas from Primorsk to Rotterdam

EU Okays CMA CGM’s takeover of Containerships

European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.

LNG Shipping Rates Double Since End-August

Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.

CMA CGM Strengthens Grip on CEVA Logistics

CMA CGM and CEVA Logistics have signed a new  partnership agreement that ensures CMA CGM's role as a long-term strategic partner and transfers its freight management services to CEVA Logistics.

MSC Cruises Enters Ultra-Luxury Segment; Orders Four More Ships From Fincantieri

MSC Cruises and Fincantieri announced the signing of a memorandum of agreement (MOA) for the construction of four ultra-luxury cruise ships for a total value in excess of EUR 2 billion.

Canada Chooses BAE Type 26 for Next Generation Warships

The Canadian government has announced that BAE Type 26 design has been chosen for its $60 billion Surface Combatant project to replace the navy's aging fleet of frigates.

U.S. Navy Christens Two Submarines

The U.S. Navy christened the future USS Delaware (SSN 791) and the future USS Vermont (SSN 792) in separate ceremonies on Saturday.

CMA CGM ups stake in CEVA Logistics to 33%

French container line CMA CGM has increased its stake in Swiss-headquartered CEVA Logistics after the latter rejected a takeover offer last week.

Japan firms try out China’s ‘Belt and Road’ cargo transport to Europe

Japanese and Chinese logistics firms are paving the way for an alternative route to ship cargo from Japan to Europe faster than by sea by exploiting China’s “Belt and Road”

U.S. Carrier Operates in the Arctic for First Time in Decades

The USS Harry S. Truman and her escorts in Carrier Strike Group Eight are presently operating above the Arctic Cirle in the Norwegian Sea.

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