Companies planning a new ferry build should focus on the Total Cost of Ownership (TCO) instead of kW-power, in order to optimize costs, Steeprop, a designer and manufacturer of azimuth propulsion systems, said.Choosing the propulsion unit based mainly ...
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Suez Canal Sees Record Monthly Revenue in April on Higher Traffic
Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said, as traffic rebounded from the impact of the pandemic.The monthly revenue in April was 13.6% h...
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DEME Offshore, Barge Master Develop Feeder Solution for U.S. Offshore Wind Farms
Belgian offshore installation firm Deme Offshore and Dutch company Barge Master, which specializes in offshore motion compensation systems, have partnered up to further develop a U.S. Jones Act-compliant feeder solution for the upcoming offshore wind p...
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Cadeler in Talks to Order Offshore Wind Foundation Installation Vessel
Danish wind turbine installation company Cadeler is contemplating a private placement of shares to raise funds to pay for a portion of a planned order for a newbuild offshore wind foundation installation vessel (F-Class) vessel.The company, which owns ...
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Baltic Index Nears 6-week High on Capesize, Panamax Gains
The Baltic Exchange's main sea freight index rose to a near six-week high on Wednesday, helped by higher rates for capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 73 poin...
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Navios Maritime Partners Buys Four Tankers. Signs Charters for Two
Navios Maritime Partners, an owner and operator of dry cargo and tanker vessels, said Wednesday it had agreed to buy purchase four 115,000 dwt LR2 (Long-range 2) newbuilding tankers, for a purchase price of $58.5 million each plus $4.2 million…
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Tackling Shipping Emissions: e1 Marine’s Methanol to Hydrogen Generator Gets LR AiP
e1 Marine M-series methanol to hydrogen generator has received Approval in Principle (AiP) for marine applications from Lloyd’s Register, a leading class society.The AiP represents an important landmark for demonstrating the compliance of e1 Marine’s t...
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Robotic Hull-cleaning Firm Armach Announces Key Appointment
Following its public launch in March 2022, Armach Robotics, the robotic hull-cleaning subscription service has now promoted Karl Lander to Director, Regulatory Compliance and Outreach.Lander is a 25-year maritime veteran including 20 years in the US Co...
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Intellian to Launch New Factory in South Korea
Satellite communications solutions company Intellian is set to launch another factory in Pyeongtaek, South Korea, marking an expansion of the company’s HQ base. The new factory, expected to be operational from August 2022, is located 4 km from…
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Euroseas Buys Two 4,250 TEU Container Ships for $37M
Container ship operator Euroseas said Tuesday it had agreed to buy M/V Seaspan Manila and M/V Seaspan Melbourne intermediate size container vessels with a capacity of 4,250 TEU each, built in 2007 and 2005, respectively.The vessels are being acquired ...
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