The Baltic Exchange's main sea freight index rose to its highest since December 2013 on Wednesday, pushed by strong demand across all vessel categories, with the panamax index hitting an eight-year high.The Baltic index, which tracks rates for ships fe...
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PEMA T-beam Production Line for Shipbuilding Efficiency
In today’s rapidly changing shipbuilding industry, competitiveness and productivity need to be developed constantly. In practice, it means that every unnecessary work phase and possible bottle neck should be eliminated from the production chain.
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RMK: Targeting “Next Wave of Tanker Demand” in 2021-22
RMK Marine Shipyard is located in the Tuzla/Istanbul, Turkey, since 1997 as part of the Koc Group of Companies (https://www.koc.com.tr/en-us) which is Turkey’s biggest conglomerate. It specializes in shipbuilding as well as super/mega yacht refit, conv...
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Tanker Owner, Operator & Officers Guilty in ECA Crimes
The owner and operator will pay a total criminal fine of $3,000,000.00.U.S. Attorney Gretchen Shappert for the District of the Virgin Islands announced that IONIAN SHIPPING & TRADING CORP., LILY SHIPPING LTD., STAMATIOS ALEKIDIS, ATHANASIOS…
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Duterte Readies to Raise Ruling with China
When Philippine leader Rodrigo Duterte visits China this week, he'll need to salvage something from a "pivot" to Beijing that has left him empty-handed, and exposed his neighbours to a new level of brinkmanship in the South China Sea.Despite…
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MN100: Cimco Marine and the OXE Diesel Outboard
As Trace Laborde, Marine Manager for Laborde Products, says, “The OXE diesel is the complete package, a true diesel engine. It’s great for any maritime application that requires fuel efficiency, simple maintenance, compliance with all European and EPA ...
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SpaceX’s Mars rocket prototype rattles nerves of nearby residents in Texas flight test
SpaceX test-launched an early prototype of the company's Mars rocket on Tuesday, rattling the nerves of people living near the Texas site and clearing another key hurdle in billionaire entrepreneur Elon Musk's interplanetary ambitions.
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Russian spacecraft carrying robot docks with space station: TASS
A Russian Soyuz spacecraft carrying a humanoid robot docked with the International Space Station (ISS) on Tuesday, TASS news agency reported, citing a live broadcast.
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Hyundai Samho Wins Orders for 5 Ships
South Korean shipbuilder Hyundai Samho Heavy Industries, a unit of Hyundai Heavy Industries (HHI), has received orders for the construction of five vessels.According to Yonhap, the orders include two liquefied petroleum gas (LPG) carriers and…
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Scotland to Power Ferries with Hydrogen
Ferries serving the Western Isles and West Coast of Scotland could soon be powered by hydrogen generated from onshore island wind power, according to a newly published feasibility study.The Scottish Western Isles Ferry Transport Using Hydrogen (SWIFTH2...
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