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Monthly Archives: January 2024

Zero-Emission Adriatic Ship Project Underway

The Zero Emission Adriatic Ship (ZEAS) project has commenced, with 13 partners from various European Countries. The overall project grant from EU Horizon is over EUR 13.5 million, where over EUR 2.3 million is reserved to TECO 2030’s deliverable…
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New Tug Enters Service for Signet Maritime

Signet Sirius, the first of two ART 92-32W Rotortugs was recently delivered by Signet Maritime at their Pascagoula Shipbuilding and Repair facility. This is the first ART Rotortug that Signet has built and operated in their fleet. Designed by Robert Al...
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India Keeps Close Watch on Chinese Research Vessel

A Chinese research vessel is on its way to the Maldives, according to an Indian military official and an independent researcher, as new Maldivian President Mohamed Muizzu deepens ties with Beijing, distancing from New Delhi.It is likely to raise concer...
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Vigor Wins Repair Contract for Hospital Ship USNS Mercy

Vigor Marine has been awarded a contract for a 93-calendar day shipyard availability for a mid-term availability of Military Sealift Command’s (MSC) hospital ship USNS Mercy (T-AH 19).The $21,198,656 firm-fixed-price contract includes a base period and...
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Red Sea Shipping Attacks Pressure China’s Exporters

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe…
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Ship Recycling: Few Sales Confirmed

In its Week 3 market report, cash buyer GMS says that even as vessel prices have improved from the lows seen towards the end of 2023 and plate prices made a massive jump in Bangladesh over the last couple of weeks, only a trickle of sales have…
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