Finnish manufacturer Norsepower has signed the largest order for rotor sails, 18 units in total to install on three cargo vessels for Airbus.

Angela Chao, the CEO of US-based bulker owner Foremost Group, has died in a car accident.

On the eve of Star Bulk Carriers’ full year results the Houthi Movement has launched a missile attack on the Star Iris, a panamax bulk carrier, in the Bab al-Mandeb straits, off Yemen.

Broekman Logistics has announced it is selling the port terminal Distriport in Oostenhaven, Port of Rotterdam, to its neighbour CLdN, the Belgian-Luxembourg maritime and logistics group of the Cigrang family.

Prospects at the port of Piraeus are strengthening due to the expansion of its car terminal facilities.

There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a potential flashpoint in the Taiwan Strait.

A kamsarmax bulker and a general cargo ship have been damaged in the Red Sea by apparent Houthi attacks.

In 2023 Ukrainian trade on the Danube increased by 600% as the country’s seaports were blockaded and shippers sought ways to move cargo into, and out of the war-torn region, but the reopening of Black Sea ports has seen Danube volumes wane.

Houthi attacks on shipping in the Southern Red Sea have seen many ship operators rerouting vessels via the Cape of Good Hope, but despite the risk others have continued to send vessels through the region.

Norsepower will install three of its rotor sails to Oldendorff Carriers’ post-panamax bulk carrier Dietrich Oldendorff.