The U.S. Navy's next Pathfinder-class oceanographic survey ship will be named USNS Robert Ballard (T-AGS 67), Secretary of the Navy (SECNAV) Carlos Del Toro announced on Wednesday.The name selection follows the tradition of naming survey ships after ex...
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Dry Bulk: Capesizes Rates Top Five-month High
The Baltic Exchange's dry bulk sea freight index rose on Wednesday, as a jump in capesize segment to its highest since mid-July offsets a decline in rates for smaller vessel segments.The overall index, which factors in rates for capesize, panamax…
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Caterpillar to Pilot Hybrid Solution on a Jackson Offshore PSV
Power solutions provider Caterpillar Marine is partnering with Jackson Offshore Operators to pilot an integrated hybrid energy solution that will help the Louisiana-based offshore marine services firm reduce fuel consumption and diesel exhaust…
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Swedish Club Managing Director Lars Rhodin Retires
Lars Rhodin, will retire as managing director of The Swedish Club, ffective January 1, 2023.Rhodin first joined The Swedish Club in 1986 and has spent 15 years at the helm. During that time, he spearheaded a period of considerable growth for the Club…
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Payment Issues Leave Dozens of Bulk Carriers Stranded Off Iran
Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags disrupt flows of goods into the country, according to trade sources and shipping data. Food is exempt from the West's sanctions on Ir...
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AG&P, ADNOC L&S to Convert LNG Carrier into FSU and Deploy it in India
Atlantic Gulf & Pacific International Holdings (AG&P) have signed a charter agreement to use ADNOC L&S 's LNG Carrier Gasha, as a Floating Storage Unit (FSU).The LNG carrier will be used at AG&P's LNG import terminal in India, which will be commissione...
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Eagle Bulk to Transfer Listing to the NYSE
Stamford, Conn. based dry bulk shipping company Eagle Bulk Shipping on Monday announced it will transfer the listing of its shares from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE). The company said it expects to commence…
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Gas Starts to Flow to Freeport LNG Export Plant in Texas
Freeport LNG’s long-shut liquefied natural gas (LNG) export plant in Texas was on track to receive natural gas on Tuesday, according to data from Refinitiv, a possible sign the plant might meet the company’s projected end-of-the-year return…
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HII Begins Fabrication of Amphibious Assault Ship Fallujah (LHA 9)
HII’s Ingalls Shipbuilding division in Pascagoula, Miss. started fabrication of the U.S. Navy’s newest amphibious assault ship Fallujah (LHA 9) on Monday. The start of fabrication signifies that the first 100 tons of steel have been cut for…
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Cargotec CEO Vehviläinen to Retire in 2023
Cargotec announced on Tuesday that its board of directors received notification from CEO Mika Vehviläinen that he will retire in 2023, in accordance with the terms of his contract.The board has started its a search for a successor, the Finnish…
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