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Panama recovers $8.5 million in unpaid seafarer wages in 2024 Last year saw more than 50% rise in the amount of unpaid crew wages recovered by the Panama Maritime Authority underscoring the scale of the problem. Marcus Hand Go to seatrade maritime

China Merchants launches world’s first methanol dual-fuel car carrier The first methanol dual-fuel vehicle carrier has taken to the waters in China as automotive manufacturers look to reduce supply chain emissions. Go to seatrade maritime

Investcorp pumping in $550m to expand Oman port Bahrain-based Investcorp has entered an agreement to invest in the $550 million expansion of the Port of Duqm in Oman. Michele Labrut Go to seatrade maritime

DP World making $2.5 bn in infrastructure investments this year UAE-based DP World plans to invest $2.5 billion this year to expand its global logistics network, launching major infrastructure projects across India, Africa, South America and Europe. Michele Labrut Go to seatrade maritime

US ports hit out at proposed 100% tariff on China-built ship-to-shore cranes Terminal operators say USTR recommended tariffs on Chinese port cranes will not create new domestic production capacity out of thin air and and will result in sharply increased costs. Barry Parker Go to seatrade maritime

Indian Government sets out $10bn tanker building strategy The world’s third largest importer of crude oil plans to ship crude oil in Indian-built tankers with a target of more than a hundred home-built vessels over the next 15 years. Paul Bartlett Go to seatrade maritime

UK upping enforcement of Russian oil export price cap Sanction compliance with the price cap for Russian oil exports an increasing focus of the UK authorities putting pressure on insurers, say NorthStandard. Marcus Hand Go to seatrade maritime

Fears of US port congestion returns as carriers ramp up services As US importers look to beat higher tariffs there is concern over congestion at marine terminals. Nick Savvides Go to seatrade maritime

Dong Fang Offshore looks to Lamprell for wind turbine installation vessel UAE-shipyard Lamprell and Taiwan-based Dong Fang Offshore inked MOU for a newbuild NG-9000X wind turbine installation and maintenance vessel. Katherine Si Go to seatrade maritime

MAN to deliver largest-ever methanol engine next month MAN Energy Solutions will deliver the first of 12 methanol-fuelled engines that will power a series of 24,000 teu container ships in June. Paul Bartlett Go to seatrade maritime