Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia's invasion was due in Ukraine to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals.The July 22 deal…
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Baltic Dry Index Slips to Six-month Low
The Baltic Exchange's main sea freight index dipped to a near six-month trough on Friday and registered its worst week in more than two months, hit by weakness across vessel segments.The overall index, which factors in rates for capesize, panamax and s...
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Atlas Receives $3.64 Billion Takeover Offer from Poseidon
Asset manager Atlas Corp said on Thursday it received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion.Poseidon, which comprises Atlas' board chairman David Sokol, affiliates of Canadian investment ...
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Inside the St. Lawrence Seaway’s Growing Economic Importance
The St. Lawrence Seaway is made up of a broad network of interconnected infrastructures. Channels, canals, port facilities and fleets illustrate the connections between transportation equipment, industrial production and the artificial, human…
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Bollinger Delivers 50th Fast Response Cutter to the USCG
Louisiana shipbuilding group Bollinger Shipyards has been humming along building Fast Response Cutters for the U.S. Coat Guard, and this week marked a milestone with its 50th FRC delivery, the USCGC William Chadwick, officially handed over on Thursday ...
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Ukraine Expects First Vessel to Arrive to Collect Grain
A Turkish bulk carrier is expected to arrive in the Ukrainian Black Sea port of Chornomorsk on Friday and will be the first vessel to arrive at a Ukrainian port during Russia's invasion, a spokesperson for the regional administration of Odesa said."The...
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Hybrid RoRo Eco Adriatica Delivered to the Grimaldi Group
With the delivery of the Eco Adriatica, the fleet of Grimaldi Green 5th Generation (GG5G) class hybrid vessels is almost complete. This is the 11th of 12 state-of-the-art units ordered from the Chinese Jinling shipyard located in Nanjing. Designed by K...
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Shift Clean Energy Names Hughes COO
Energy storage solutions company Shift Clean Energy announced it has named Mark Hughes to its its executive team as chief operating officer.Hughes brings a background in manufacturing and supply chain management, and a wealth of international…
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Alfa Laval Acquires BunkerMetric
Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for the marine bunker segment. The company will be merged into weather intelligence software and decision support ...
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TUI Cruises’ Mein Schiff 6 Connects to Shore Power in Kiel
TUI Cruises said a second vessel in its cruise ship fleet has successfully tested the use of shore power in port.Earlier this week, the German cruise ship operator's Mein Schiff 6 received shore power for the first time in SEEHAFEN KIEL Cruise GmbH & Co.
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