Oman’s Asyad Shipping has signed an agreement with Korean shipyard Hyundai Samho Heavy Industries to build and deliver two fifth-generation liquefied natural gas (LNG) carriers in 2026.Asyad Shipping and Asyad Drydock CEO, Ibrahim Al-Nadhairi…
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OSM Maritime and Thome Agree to Merge
OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singa...
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Bristol Harbor Group Promotes Two
Naval architecture and marine engineering firm Bristol Harbor Group, Inc. (BHGI) announced the promotion of two members of its team, Ian M. Lawson, P.E. and Teri L. LaForest, P.E.Upon earning his Professional Engineer License in Rhode Island, Lawson ha...
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Vessel Seeks Other Port on Expected Freeport LNG Delay
At least one liquefied natural gas (LNG) vessel gave up on Freeport LNG's export plant in Texas by Thursday after a growing number of analysts and other sources said the facility would likely not exit its seven-month outage until February or later.The ...
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Baltic Dry Index Falls to Fresh 2.5-year Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Thursday to a fresh two-and-a-half-year low, pressured by a dip in rates for capesize vessels.The overall index, which factors in r...
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MARAD Offering Nearly $20 Million in Small Shipyard Grant Funding
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Thursday announced the availability of nearly $20 million in Federal Fiscal Year 2023 funding to help modernize small U.S. shipyards and train the workforce in this sector.MARAD...
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Eastern Cuts Steel for Bridgeport-Port Jefferson Ferry
Florida shipbuilder Eastern Shipbuilding Group has cut first steel for a new auto and passenger ferry for the Bridgeport & Port Jefferson Steamboat Company.The new vessel, designed by Braintree, Mass.-based Gilbert Associates, is being constructed at E...
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Panama Has Canceled Registry to 136 Iran-linked Vessels
Panama's vessel registry, the world's largest, has withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years, the country's maritime authority said this week, pushing back against claims by an anti-nuclear group.Shipme...
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Nonprofit Honors Boysie Bollinger for Outstanding Achievements
Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that Donald T.
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Denmark Launches Digital Ship Register
Denmark this week launched its digital ship register, said to be the world's first.There are currently more than 6,000 ships registered in the Danish shipping registers. The registrations of these ships have until now been handled manually."[The…
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