DP World announced it will invest $35 million in 2023 to expand and modernize its facilities on the left bank of Brazil’s Port of Santos.With the investment, the company plans to increase annual movement capacity from 1.2 million TEUs to 1.4 million TE...
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CMA CGM Expects Marked Slowdown Will Continue in 2023
CMA CGM expects the marked slowdown seen in the fourth quarter of 2022 to continue in the current year, the French transport and shipping group said on Friday, citing inflationary pressures weighing on consumption.The company based in Marseille and pri...
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Virtual Marine Expands Representation in Australia and New Zealand
Canada-based marine simulation training firm Virtual Marine Technology Inc. announced it has signed a strategic market representation agreement with New Zealand's Global Marine Technical Services (GMTS), extending its in-country coverage to Australia a...
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PowerCell to Deliver World’s Largest Marine Hydrogen Fuel Cells
Hydrogen fuel cell supplier PowerCell announced it has signed an agreement to deliver hydrogen fuel cells to two ships operating on Norway's longest ferry route. The order has a value of €19.2 million, and represents the largest non-combustion…
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Baltic Dry Index Rises for Second Week
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed to a two-month peak on Friday, as well as marked its second straight weekly rise, supported by improving demand for capesize and panamax vesse...
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MMA Offshore’s Vessel Trio Nets Offshore Wind Contracts in Taiwan
Australian offshore support vessel owner MMA Offshore said Friday it had secured three contracts supporting offshore wind farm developments in Taiwan during 2023.The three contracts, with firm periods totaling 370 days, will increase the company’s…
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Oil Spill from Sunken Tanker Threatens Marine Ecosystems in the Philippines
Environment and disaster authorities in the Philippines rushed to contain an oil spill on Friday from a sunken fuel tanker that has reached coastal towns on a large central island, warning of dangers to marine ecosystems if more oil leaks. The tanker…
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27m CTV Hybrid Selected by HST Marine
BMT said its StratCat 27 CTV design has been selected by HST Marine, a Purus Company, as one of its CTV vessel designs for the expanding European offshore wind market. Built by Strategic Marine, four hybrid StratCat 27 Crew Transfer Vessels (CTVs) will...
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Edda Wind Orders Four CSOVs from Fincantieri’s Vard
Italian shipbuilder Fincantieri, through its subsidiary Vard, has signed a contract with offshore wind vessel operator Edda Wind, for the construction of four Commissioning Service Operation Vessels (CSOV). The first two vessels are expected to be deli...
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Kongsberg Digital Launches Industrial Work Surface to Transform Carbon-Intensive Industries
Kongsberg Digital has launched its Industrial Work Surface, which aims to "fundamentally change how carbon-intensive industries operate by enabling the company’s software users to work within a single digital environment.""By providing end-to-end user ...
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