A recent article in The Wall Street Journal claims that the assessment by 74% of poll respondents in election swing states who believe inflation moved in the wrong direction last year is incorrect. The piece went on to state that the respondents’…
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Baltic Dry Index Falls for Third Week
The Baltic Exchange's dry bulk sea freight index fell on Friday to log its third straight weekly decline, weighed down by a dip in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping ve...
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Baltimore Can Use Grant to Boost Cargo Shipments
The U.S. Transportation Department on Friday said it reached an agreement with Baltimore County to revise an $8.26 million grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo.Repurposing the funds will allow a boost in cargo t...
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Japanese Partner Up on Anti-Roll Tank Research for Large Containerships
ClassNK has signed a joint R&D agreement with Nihon Shipyard and IMC to ensure the safety and performance evaluation of anti-roll tanks (ART) installed on large containerships.Under the R&D agreement, Nihon Shipyard, IMC, and ClassNK will work…
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MDL Assists Saipem on Gastrade’s LNG Development Off Greece
Maritime Developments (MDL) has assisted Saipem in progressing an LNG project offshore Greece, which included work on the connection of Gastrade’s Alexandroupolis floating storage regasification unit (FSRU) to the country’s gas transmission…
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SEACOR Marine Upgrades PSV with Hybrid Battery Power System
U.S.-based SEACOR Marine has completed the installation of a hybrid power system on its platform supply vessel (PSV) SEACOR Yangtze.Beginning in February 2024 in Norway, Kongsberg Maritime started the upgrade of the UT771 CDL SEACOR Yangtze with the De...
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MOL Puts FSRU for Indonesia’s Jawa 1 LNG Power Plant Into Operation
Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT ...
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Demand Shocks Drive Ship Recycling to Lowest Level in 20 Years
Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. “A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for...
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Hualien Port Operations Suspended After Taiwan Earthquake
A magnitude 7.2 earthquake struck northeast Taiwan on April 3, causing several wharfs at Hualien port on the east coast to bulge.The affected wharfs are used for sand, bulk cargo discharging, and cruise operations. As a result, port operations are curr...
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Con Edison, NGV Propose Offshore Wind Project for New Jersey
Con Edison Transmission and National Grid Ventures submitted a plan to carry offshore wind power to New Jersey's electric grid as the state aims to meet renewable energy goals, according to a press release on Thursday.If awarded, the 'Garden State Ener...
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