As part of the OPV (Offshore Patrol Vessel) acquisition program of the Italian Navy (MM), Orizzonte Sistemi Navali (OSN), the joint venture owned by Fincantieri and Leonardo with stakes of 51% and 49% respectively, signed with the Directorate…
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“Handing Over the Keys” of the Wismar Shipyard
The insolvency administrator of the MV Werften Group, Dr Christoph Morgen, today handed over the symbolic key of the Wismar shipyard to Bernard Meyer of Meyer Wismar. The shipyard, which has been owned by TKMS since June 2022, has been leased…
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Baltic Index Climbs to Over 1-month High on Demand for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday, boosted by higher demand for larger vessels.The overall index, which factors in rates for capesize…
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Turkey’s Feyz Group Orders Three Cargo Ships from Damen
Damen Shipyards and Turkey’s Feyz Group have signed a contract for the delivery of three new Damen Combi Freighters 3850, with the vessels set to be delivered in early 2025. The deal marks Damen's first new build cargo vessel sale to a Turkish…
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BOEM Announces Three Final Wind Energy Areas Offshore Delaware, Maryland, and Virginia
The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.These areas, BOEM said, were developed following extensive engagement and feedback from states…
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Wartsila’s Methanol-fueled Engines for CMA CGM Container Ships
Finland-based marine equipment Wärtsilä will supply methanol-fueled auxiliary engines for the French shipping company CMA CGM.The engines have been ordered for six 15,000 TEU container vessels that are being built at the Dalian Shipbuilding…
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Two Week Contract Extension for FPSO in Nigeria
FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to d...
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Video: Ship-to-Ship Oil Transfer from FSO Safer Progressing Well
The ship-to-ship transfer of the oil from the FSO Safer to the replacement oil tanker Yemen (formerly known as Nautica) began last week.It was an important milestone in this United Nations-coordinated operation to avert a potential massive environmenta...
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Ship Recycling Sentiment Remains Low
Recycling sentiments remain negative overall, according to cash buyer GMS, and it seems to now be a declining market.There are very few open recyclers and they are unwilling to offer realistically on the few vessels that are currently available…
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Indonesia Finds Disease in Cows Shipped from Australia
Indonesia has informed Australia’s Department of Agriculture, Fisheries and Forestry (DAFF) that lumpy skin disease (LSD) has been detected in Australian cattle exported to Indonesia by sea.Indonesia has now suspended cattle imports from four…
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