Covington, La. based marine engineering firm Baker Marine Solutions has unveiled a new service operation vessel (SOV) design for the U.S. offshore wind industry.The new BMS 1776 is designed be built in the U.S. to ABS class standards and is fully certi...
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Keel Laid for Wallenius Marine’s First 6,500 CEU PCTC
On November 1, the Longkou Shipyard in Shandong, China held a keel laying ceremony for the first of Wallenius Marine's new Sleipner car carrier vessels.In the summer of 2021, Wallenius Marine and Volkswagen signed a contract for two multi-fuel vessels ...
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Partners to Produce Bio-LNG as Marine Fuel
Three companies from very different sectors have joined forces to achieve a decentralized production of bio-LNG designated for use as a clean marine fuel. The partners Attero, Nordsol and Titan met at the site for the plant – located at the facility of...
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Inflation Hits Vessel Operating Costs -Drewry
Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price pressures, despite some receding of Covid-19 related costs, according to the latest Ship Operating Costs Annual Review and Forecast 2022/23 report…
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Baltic Dry Index Posts Best Day in a Month
The Baltic Exchange's dry bulk sea freight index rose for a fourth straight session on Wednesday to mark its biggest one-day percentage gain in a month, supported by stronger demand for capesize vessels.The overall index, which factors in rates for cap...
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Sri Lanka Starts Construction of $700M Port Project
Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by India's Adani Group, an official said, marking the first foray by an Indian company into the sector. India has this year provided the most fin...
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Strong Offshore Quake Rattles Italy
A strong earthquake of magnitude 5.7 struck off Italy's Adriatic coast early on Wednesday, but caused no serious damage or injuries but was felt as far away as Rome and northern parts of the country. The quake, which occurred shortly after 7 a.m.
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Analysis: Meltdown in the Container Shipping Sector Gains Speed
Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”Peter, it seems like…
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Christiania Shipping inks deal for StormGeo CII Simulator
Denmark's Christiania Shipping, which operates 20 vessels, added StormGeo’s CII Simulator to its fleet performance management toolbox earlier this year. “With the new Carbon Intensity Indicator (CII) rating scheme coming into play soon, we are…
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US Allows Transactions to Free Sanctioned Oil Tanker Stranded in Indonesia
The U.S. government has allowed some transactions to take place with a sanctioned oil supertanker in efforts to free the vessel stranded in Indonesian waters, the U.S. embassy in Singapore said on Wednesday. The Indonesian navy has been trying to free ...
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