America’s largest military shipbuilding company Huntington Ingalls Industries (HII) announced on Thursday that its Ingalls Shipbuilding division has named Jack Norris as director of state and local government affairs.Norris will lead all state…
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Are We Looking at the Next Dry Bulk Super Cycle? Is It Even a Cycle?
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs. Freight rates and ship values have also risen but although they exceed prices seen during most of the 2...
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Belgium’s Euronav Posts 2Q Loss on Low Oil Tanker Demand
Belgium's Euronav, which provides shipping and storage services for crude oil, swung to a second-quarter loss, it said on Thursday, as recovering demand for oil and easing production cuts had yet to lead to better shipping rates.The Antwerp…
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Wilhelmsen, NorSea Acquire Stake in Norwegian Deep-sea Mining Firm
Global maritime group Wilhelmsen and the Norwegian offshore supply base firm NorSea have together acquired an 18% stake in the Norwegian deep-sea mining company Loke Marine Minerals."As the energy transition continues to gather pace, we are actively lo...
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VIDEO: Prosperity FPSO Hull Arrives in Singapore
The hull of the FPSO Prosperity, which will be Guyana's third offshore oil production unit once delivered, has arrived at the Keppel yard in Singapore, where it will be fitted with topside modules.SBM Offshore, which will deliver the FPSO to end clien...
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Wood-chip Carrier Runs Aground Off Japan. Hull Splits in Two, Oil Spills into Ocean
Crimson Polaris / Credit: Japanese Coast GuardPanama-flagged Crimson Polaris wood-chip carrier ran aground off Hachinohe in Aomori prefecture at around 7:35 am (JST) on August 11, after being swept away by a strong wind while anchored, NYK, the charter...
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Container Shipping Giant Hapag-Lloyd Posts Near 10-fold Profit Rise in H1
German container shipping line Hapag-Lloyd on Thursday reported a nearly 10-fold increase in first-half net profit, citing surging freight rates amid scarce transport capacities.The group, the world's number five in the industry, said net profit climbe...
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Keppel Offshore & Marine Delivers Russia’s First LNG Bunkering Vessel
Singapore-based shipbuilder Keppel Offshore & Marine has delivered Dmitry Mendeleev, Russia’s first Liquefied Natural Gas (LNG) bunkering vessel. Designed and built by Keppel O&M, the 5,800m3 ice-class LNG bunkering vessel (LBV) Dmitry Mendeleev was de...
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Two Secondhand Bulkers Delivered to Castor Maritime
Cyprus-based shipping company Castor Maritime announced on Wednesday it has taken delivery of two newly acquired secondhand dry bulk carriers.On August 6, the company accepted delivery of the 2013 Japanese-built Panamax bulker Magic Pluto, which…
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Austal USA Awarded LCS Maintenance Contract
The U.S. Navy awarded Austal USA a sustainment execution contract (SEC) for repair, maintenance and modernization of all Littoral Combat Ships (LCS) homeported in San Diego. This includes all Austal-built Independence-variant LCS as well as…
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