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Monthly Archives: January 2023

Vessel Conversions Gaining Favor in US Offshore Wind

With the creation of a full-fledged U.S. offshore wind industry undoubtedly comes many opportunities for those that own, operate, build and service relevant vessels as developers work toward the nation’s goal of 30 gigawatts (GW) of offshore…
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RoRo ferry MV Tennor Ocean sets off for Test Voyage

MV Tennor Ocean, newbuilding 782, from Germany's shipyard Flensburger Schiffbau-Gesellschaft recently set off on test voyage on the North Sea and Baltic Sea. The 210-m RoRo ferry is on the move to Dock 3 at Lloyd Werft. During its week-long stay there…
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Ship Recycling ticks up; Supply Needed

A degree of increased positivity has entered recycling markets this week, said GMS, as prices push on in both India (off the back of firming steel and settling currencies) and Bangladesh (off of a rising demand and a currency that has recently found it...
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Baltic Index Posts Fourth Weekly Fall

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight week as rates for capesize vessels slumped.The overall index, which factors in rates for capesize, panamax and supramax s...
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Euronav VLCCs Named at Hyundai Samho

South Korean shipbuilder Hyundai Samho Heavy Industries on January 10 hosted a naming ceremony for a pair of new very large crude carriers (VLCC) it is constructing for Belgian shipowner Euronav.The Cassius and Camus are being built as liquefied…
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Konecranes Inks Licensing Deal with Larsen & Toubro

Konecranes and Larsen & Toubro (L&T) have signed a licensing agreement for the manufacturing and distribution of Konecranes port cranes in India. The first products have been sold under this agreement: two shipyard jib cranes will be delivered to the C...
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