d’Amico Locks in $40k+ Time Charters as Product Tanker Market Booms
d’Amico Tankers secures time charters above $40,000 daily in 2024, boosting fixed income amid strong product tanker market driven by geopolitical shifts and high demand.
Armas Covers DFDS Ferry Gap with 5 Daily Algeciras-Ceuta Sailings
DFDS suspends Algeciras-Ceuta ferry until 20 March for fast ferry maintenance. Armas Trasmediterránea covers with 5 daily sailings using ‘Agaete’. CNMC reviews DFDS’s Armas acquisition.
Flexport deploys agentic AI to automate maritime customs refunds
Flexport’s agentic AI automates customs refund audits for maritime clients, reducing manual work and improving compliance efficiency in global logistics.
Drass delivers two autonomous SDVs to Indonesia for naval modernisation
Italian firm Drass delivers two autonomous SDVs to Indonesian Navy, enhancing special forces with advanced tech and operator training.
EU’s 20th Sanctions Package Blocked, Russia Keeps Maritime Services
Hungary blocks EU’s 20th sanctions package, preventing a ban on maritime services for Russian crude. Russia retains partial Western insurance and classification access, complicating compliance.
Orange Marine Commissions Two Vard 9-03 Cable Repair Ships, Fleet Grows to Four
Orange Marine orders two Vard 9-03 cable repair vessels, doubling its fleet to four units to maintain submarine cables carrying over 95% of global data traffic.