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Monthly Archives: July 2017

GPLink, Wheelhouse Partner on Maintenance & Tracking

gplink has announced a partnership with Wheelhouse Technologies, creating a comprehensive perspective on vessel upkeep through seamless integration to the Wheelhouse marine maintenance system. Pleasure craft, commercial vessel, and fleet owners…
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Iridium Announces Third Iridium NEXT Launch Date

Iridium Communications Inc. (NASDAQ: IRDM) has announced that the upcoming Iridium NEXT launch has been targeted for September 30, 2017 at 6:30 a.m. PDT. This launch will deliver another 10 Iridium NEXT satellites to orbit on SpaceX’s Falcon…
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Panamax Rates Drag Baltic Index Down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Friday, weighed down by weaker demand for panamax vessels. The overall index, which factors in rates for capesize, panamax…
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Modern VLCC Rates Under Pressure

Rates fall back after climbing earlier in the week. Overcapacity, OPEC cuts, little scrapping, summer lull weigh on market. Owners of modern very large crude carriers (VLCCs) could see a gain in charter rates amid tightening vessel supply but freight rates…
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Moss-Type LNG Carrier Joins MISC Berhad’s Fleet

Malaysia’s MISC Berhad (MISC), a world leading energy related maritime solutions and services provider has taken delivery of Seri Cempaka, the third in a series of five Moss-Type Seri-C Class Liquefied Natural Gas (LNG) carriers. The 150,200…
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Brookfield Buys Stake in Teekay Offshore

Canadian asset manager Brookfield Business Partners will  buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp, for about $750 million, Reuters reported quoting company sources. Brookfield said…
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