U.S.-based marine defense provider Fairbanks Morse Defense (FMD) has acquired Welin Lambie, a U.K.-based manufacturer of davits used specifically for the launch and recovery of all types of craft from ships or shore-based installations.The acquisition…
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Seattle, Tacoma Ports Plan to Phase Out Maritime Emissions
The ports of Seattle, Tacoma and the combined container operations of The Northwest Seaport Alliance (NWSA) have adopted near-term implementation plans that guide emission reduction efforts for seaport-related activities.The Northwest Ports…
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German Regulators Probe Sale of Maersk Container Maker to China’s CIMC
Germany's Federal Cartel Office is taking a closer look into the planned sale of Maersk's refrigerated containers maker to China International Marine Containers, a spokesman for the office said on Thursday.The office has opened an investigation…
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CSL Acquires Minority Stake in EMS-Tech
The world's largest owner and operator of self-unloading ships The CSL Group has acquired a minority stake in Canadian engineering firm EMS-Tech Inc., a designer and supplier of bulk material handling systems.The investment will build on the…
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Dry Bulk: Rates for Larger Vessels Slip
The Baltic Exchange's dry bulk sea freight index ended a 10-session winning streak on Thursday, as rates of the larger segments, capesize and panamax, vessel fell.The overall index, which factors in rates for capesize, panamax and supramax vessels…
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Volvo Penta, Danfoss Power Solutions Partner on Marine Electrification
Volvo Penta and Danfoss’ Editron division have signed a partnership agreement that will drive the transformation towards sustainable power solutions within the marine industry.Volvo Penta and Danfoss' Editron division announced a partnership…
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Paramount Maritime Appoints Connolly CEO
Paramount Grou appointed Lee Connolly as CEO of Paramount Maritime Holdings, its naval and maritime shipbuilding subsidiary, based in Cape Town, Africa. Connolly held the position of CEO of Paramount Advanced Technologies, a Paramount Group company, un...
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Incat Crowther bags deal to design All-Electric Ferry for New Zealand
Incat Crowther inked a deal to design an Incat Crowther 32 electric ferry for Fullers360 of Auckland, New Zealand. To be built by Q-West, the ferry will be the designer’s sixth from the builder and will join ten other Incat Crowther ferries…
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BIMCO appoints Rasmussen Chief Shipping Analyst
BIMCO has appointed Niels Rasmussen as its Chief Shipping Analyst who will take up his new role on January 3,2022.Most recently Rasmussen was Global Head of Research at Maersk Broker, a role he held for six years focusing on the main shipping segments;...
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Chevron’s Shipping Unit Joins Initiative to Cut Emissions
Oil major Chevron Corp said on Thursday, its shipping unit has joined the Sea Cargo Charter, an initiative launched last year to cut and track emissions from ships, as efforts intensify to reduce the maritime industry's carbon footprint.Under the Sea C...
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