South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast ratesThe latest ocean freight rate data from Xeneta reveals that spot rates are currently $3,700 more expensive for shipping 40-ft. containers from th...
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Kongsberg Inks Deal for 32 Thrusters to Med Marine in Turkey
Kongsberg Maritime’s US Series thrusters will be installed on 16 new ASD tugboats to be built in Turkey by Med Marine ShipyardKongsberg Maritime (KM) reports that it has signed "a sizeable contract" with Med Marine in Turkey to deliver 32 US…
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Jurong Port, MHI and JERA Explore Plan to Build Ammonia Power Plant in Singapore
A consortium of Singapore and Japanese companies have signed an initial agreement to build a power plant fuelled only by ammonia in the city state.Singapore's Jurong Port, Mitsubishi Heavy Industries Asia Pacific (MHI-AP) and JERA plan to build the 60 ...
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GoodFuels Commences Biofuel Bunkering in Singapore
Biofuels supplier GoodFuels announced it has supplied sustainable marine biofuel to NYK’s bulk carrier Frontier Explorer, in the first such delivery to a major maritime client since the company opened its Singapore office.Frontier Explorer was…
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Seven Charged with Labor Racketeering in the Port of San Juan
On August 11, 2022, a federal grand jury in the District of Puerto Rico returned an indictment charging seven defendants with running a criminal enterprise dedicated to extorting and misleading shipping companies into paying fees for the loading…
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Pasha’s New LNG Containership Makes Maiden Call at Port of Long Beach
Hawaii-based Pasha Hawaii welcomed the newest member to its containership fleet with the arrival of George III at the Port of Long Beach in California, where she will begin her maiden voyage to Honolulu, Hawaii. This is the first liquefied natural…
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ABS, DOE to examine Nuclear Energy for Commerical Maritime
The U.S. Department of Energy (DOE) has awarded ABS a contract to research barriers to the adoption of advanced nuclear propulsion on commercial vessels.The $800,000 research project – awarded by the DOE’s Office of Nuclear Energy last year and formall...
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Caterpillar innovates to allow 25% Hydrogen mix on G20CM34s
New hydrogen fuel capability reduces CO2 emissions of Cat G20CM34Caterpillar Motoren introduced a new alternative fuel option enabling usage of up to 25% of hydrogen content mixed with natural gas in Cat G20CM34 engines. Prior to this upgrade…
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Leader of Busiest US Port Expects Imports to Soften in August
The busiest U.S. seaport expects August imports to begin easing from record highs as retailers cancel orders in the wake of shoppers' pulling back from freewheeling pandemic spending, the executive director of the Port of Los Angeles said on…
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FMD, DECK Strike Deal to Co-Develop ‘Intelligent’ LARS
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), is expanding its capabilities to serve unmanned marine vehicles (UXV) through a licensing agreement with DECK Marine Systems (DECK), a developer of systems t...
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