The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the second straight session on Friday, boosted by stronger capesize demand.The overall index, which factors in rates for capesize…
Read more
TRAktor 2500-SX Design tug Commences Operations for Svitzer
The third tug built by Sanmar Shipyards to Robert Allan Ltd.’s new TRAktor 2500-SX design commenced operations on November 1st in London for Svitzer. The tug, named the Svitzer Meridian, is the second TRAktor 2500-SX in Svitzer’s fleet and is…
Read more
Tidewater & GulfMark Consolidation Creates Largest OSV Fleet
VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark."The consolidation between GulfMark and Tidewater is a positive for the market. With Tidewater’s steadfast and unyielding attitude towards the scrap...
Read more
Daewoo Shipbuilding: Deal Revised to Build Just One Container Ship for $90 mln
Daewoo Shipbuilding & Marine Engineering said its contract with an European shipowner was amended to build one ship from three ships.The renewed deal is worth 102 billion won ($90.24 million), according to Daewoo's regulatory filing.Reporting By Ju-min...
Read more
Georgia Bullish on Offshore Natural Gas and Oil Reserves
Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting…
Read more
Color Line and Ulstein Kicks Off Color Hybrid Newbuild Project
Color Line and Ulstein Verft marked the construction start-up on the world's largest plug-in hybrid ship, the 'Color Hybrid'. The hull is placed in the dock hall, and several hundred yard workers are now busy with the ship’s completion before…
Read more
Meyer Turku Cuts Steel for New Carnival Cruise Ship
The cruise ship builder Meyer Turku started the production of a 5,286-lower berth cruise ship for Carnival Cruise Line.According to German shipbuilder, the ship will be the first North American-based cruise ship to run on iquefied natural gas…
Read more
SpaceX, TeleSat Canada bids get U.S. nod to expand satellite internet
WASHINGTON (Reuters - The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla Inc Chief Executive Elon Musk's Space X, Telesat Canada [PSPENC.UL] and two other companies to roll out new satellite-based broadband service...
Read more
Face off: Realistic masks made in Japan find demand from tech, car companies
Super-realistic face masks made by a tiny company in rural Japan are in demand from the domestic tech and entertainment industries and from countries as far away as Saudi Arabia.
Read more
‘We trust our rocket’, crew says ahead of first space launch since failure
A U.S. astronaut said on Thursday she had full confidence in the safety of the Russian-made Soyuz rocket that will blast a three-person crew into space next month in the first such launch since a rocket failure.
Read more