Freight costs for ships using Ukraine's alternative export corridor have risen following an attack on a cargo vessel in the Black Sea off Odesa, brokers said on Friday.Ukrainian officials said on Wednesday a Russian missile damaged a Liberia…
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Babcock Signs $916M Submarine Infrastructure Deal with UK Defense Ministry
Defense contractor Babcock has signed a four-year £750 million (~$916 million) contract with the UK Ministry of Defence’s (MOD) Submarine Delivery Agency (SDA), to deliver the infrastructure required to support and sustain the UK’s submarines…
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Argeo Secures Contract with Shell for Deepwater Inspection Works Offshore Nigeria
Oslo-listed offshore service company Argeo has signed a contract with Shell's Nigerian subsidiary SNEPCo and local content partner GOSL for work on Shell's Bonga field.The first work program comprises deep-water inspection services in the Bonga field a...
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US Coast Guard Medevacs 64-Year-Old from Fishing Vessel Off San Diego
A U.S. Coast Guard Sector San Diego helicopter crew rescued a 64-year-old male passenger from a fishing vessel approximately 40 miles off the coast of San Diego, Thursday.Coast Guard Sector San Diego Joint Harbor Operations Center watchstanders receive...
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Ukraine: Alternative Black Sea Export Corridor is Working Despite Attack
Ukraine's alternative Black Sea export corridor is working despite a recent Russian attack on a civilian vessel, Deputy Prime Minister Oleksandr Kubrakov said on Thursday.Ukrainian officials said on Wednesday a Russian missile damaged a Liberia…
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Oil Tanker Fire Sparked by Lithium-ion Battery Explosion -NTSB
The National Transportation Safety Board (NTSB) on Thursday cited thermal runaway of a cell within a handheld radio’s lithium-ion battery as the cause of a fire on an oil tanker docked in Baton Rouge, La.The Liberian-registered oil tanker S…
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DEME Secures Several Dredging Contracts in Asia
DEME announced it has won several capital and maintenance dredging contracts in India, the Maldives and Malaysia, worth €150 million-300 million combined.At Kakinada port in India, where DEME has frequently been performing dredging works, the…
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US Shipbuilding: Policy and Progress
When asked about the top issues facing shipbuilders, executives at the Shipbuilders Council of America (SCA) listed a number of topics and concerns. SCA is the only national trade association representing U.S. shipyards engaged in the building…
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Senesco Launches New CTV for WindServe Marine
Senesco Marine on Wednesday launched a new Jones-Act-compliant crew transfer vessel (CTV), WindServe Journey.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV to serve the U...
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Hapag-Lloyd Posts 77% Drop in Nine-month Net Profit, Cuts Outlook
German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from…
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