Category: News

Suez Canal - Revenue down

Since merchant ships in the Red Sea have been repeatedly attacked by the Yemeni Houthi militia, demonstrating their support for the militant Palestinian Hamas in their fight against Israel, the number of ship passages has fallen from 25,911 in the 2022/2023 financial year to 20,148 in 2023/2024, according to the head of the Egyptian Canal Authority. The Suez Canal's annual revenue fell by over 23 per cent from 8.55 billion euros to 6.55 billion euros in the last financial year, which ends in June, as various shipping companies and shippers switched to alternative routes. Alongside tourism, the Suez Canal is an indispensable source of income for Egypt. Source: gCaptain...

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Red Sea: USV defence successful

A video was recorded from the M/V "Pumba" in the Red Sea showing how an attack by a drone boat loaded with explosives (USV - unmanned surface vehicle) was repelled. The armed security team deployed on board the "Pumba" opened fire on the USV, causing it to explode at a sufficient distance from the stern. Access marineforum digital+ Are you already a registered user? Log in here now - also MOV members: Username Password Remember meLost your password? Don't have access yet? Click here for the marineforum digital+ subscription: Access to all articles from the marineforum magazine Easy payment via PayPal, direct debit or...

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Red Sea: Damaged submarine cables are being repaired

More than a dozen underwater cables have been laid through the Red Sea. At least three of them were probably severed by the anchor of a cargo ship attacked by the Houthi militias. On 18 February 2024, two anti-ship missiles were fired at the bulk carrier "Rubymar" (171 metres, 19,000 tonnes), one of which hit the ship and caused severe damage. The ship sank on 2 March. Access marineforum digital+ Are you already a registered user? Log in here now - also MOV members: Username Password Remember meLost your password? Don't have access yet? Click here for the marineforum digital+ subscription: Access to all...

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Oslo: New database for seabed minerals

The Norwegian Offshore Directorate (NOD) has signed a memorandum of understanding for co-operation with Denmark and Greenland to collect new data on seabed minerals. Other parties involved are the Greenland Institute of Natural Resources and the Geological Survey of Denmark and Greenland. Access marineforum digital+ Are you already a registered user? Log in here now - also MOV members: Username Password Remember meLost your password? Don't have access yet? Click here for the marineforum digital+ subscription: Access to all articles from the marineforum magazine Easy payment via PayPal, direct debit or credit card The subscription can be cancelled at any time free of charge For MOV members...

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Port of Hamburg: Western expansion

After Cosco (China) and the planned entry of MSC (Switzerland), the next investment in the port of Hamburg is apparently imminent. According to information from NDR, several large shipping companies have expressed their interest to Eurogate in participating in the major project, including at least two Asian shipping companies in addition to the French CMA CGM. New areas for container handling and two new berths for large container ships are to be created in Hamburg-Waltershof as part of the western expansion. And significantly more space so that freighters can be turned when entering the harbour. The City of Hamburg and Eurogate have been planning this port expansion for years. Since the summer of 2022,...

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