The Baltic Exchange's main dry bulk sea freight index fell on Wednesday, halting a 11-session rally that saw it scale its highest level in over a decade, as the larger capesize vessel segment retreated.The overall index, which factors in rates for cape...
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Seacrest Marine Building New Patrol Boat for Thailand
Construction is well underway on a 42-meter patrol vessel for operation in Thailand, naval architect Incat Crowther announced.The vessel is being built by Seacrest Marine and has been developed as a solution to a strict set of mission requirements for ...
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MOL, Tata Steel to Develop Environmentally Friendly Bulk Carrier
Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its dry bulk subsidiary MOL Drybulk have signed a memorandum of understanding with steelmaker Tata Steel to develop and deploy an environmentally friendly bulk carrier.MOL will partner with…
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ADNOC Logistics & Services Acquires Six Stan Tugs from Damen
ADNOC Logistics & Services has acquired six line boats to provide critical marine services across petroleum ports in Abu Dhabi. The company, the shipping and maritime logistics branch of the Abu Dhabi National Oil Company (ADNOC), said all the…
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Five Dead, Six Injured in Pemex Offshore Platform Fire
Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company said on Monday.The fire…
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NOV to Design and Equip Cadeler’s New WTIVs
NOV announced it has signed a contract to design and equip two wind turbine installation vessel (WTIV) newbuilds for Denmark-based Cadeler. The new vessels will have the largest jacking capacity in the industry and will be able to transport…
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Deltamarin Inks Deals for Three RoPax Ships
Finnish naval architecture firm Deltamarin said it has signed design contracts with China Merchants Jinling shipyard (Weihai) for the complete basic and detail design packages of three RoPax vessels. These are the 10th, 11th and 12th Stena E-Flexer ves...
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Nordic Shipholding to Sell Its Remaining Tankers
Nordic Shipholding said on Monday it will sell its three remaining tankers after the lossmaking Danish shipowner failed to line up a merger partner.The company said it held extensive discussions with potential merger partners and lenders to secure the ...
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AI is Pivotal for the Future of the Autonomous Shipping
The shipping industry is responsible for around 90% of the world’s trade distribution, carrying the likes of machinery, motors, food and vehicles around the globe. However, despite being around for nearly 5,000 years, the industry has been incredibly s...
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Electronic Navigational Charts: An Update and Some Issues
In November 2019, the Office of Coast Survey (OCS), part of the National Oceanic and Atmospheric Administration (NOAA), announced the start of a five-year program to “sunset” all raster and paper nautical charts.NOAA has produced electronic navigationa...
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