“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year…
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Vard Selects TMC to Equip Prysmian’s Newbuild Cable Laying Vessel
Norwegian shipbuilder Vard has hired TMC Compressors (TMC) to supply a complete marine compressed air system to a newbuild cable laying vessel being built for Prysmian.Under the contract, whose value was not disclosed, TMC will deliver a marine…
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Damen and Siemens Set Up Vessel Financing Facility
Damen Financial Services (DFS) and Siemens Financial Services (SFS) have joined forces to establish a new facility for vessel financing solutions under the name of Damen Ship Lease (DSL).The DSL facility is now one of the funds of Damen Ship Lease Coop...
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Bluestone to Supervise Construction of Prysmian’s Two New Cable Layers
Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under constr...
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CMM Secures Funding to Facilitate Construction of Ethanol-Powered PSV Fleet
Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.The financing will…
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HD Hyundai Marine Solution Jumps in Seoul Debut
Ship maintenance firm HD Hyundai Marine Solution shares jumped by about 44% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after conducting South Korea's largest IPO in two years.Shares opened at 119,900 w...
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IMO Plans Events for International Day for Women in Maritime
The role women play in ensuring maritime safety will be celebrated worldwide by the IMO on this year's International Day for Women in Maritime. Observed globally each year on May 18, International Day for Women in Maritime aims to promote the recruitme...
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Marlink Upgrades Simon Møkster Shipping’s Network
Marlink has completed a fleet-wide upgrade of its hybrid network solution for long-time client Simon Møkster Shipping.The upgrade to Marlink’s Sealink Nextgen solution, which includes the Starlink LEO service, enables the company to use standard…
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Middle East Marine Put on Blast for ‘Worst Case of Serial Seafarer Abandonment Ever Seen’
The International Transport Workers’ Federation (ITF) is calling out Dubai-based ship management company Middle East Marine LLC for what it described as "the worst case of serial seafarer abandonment ever seen", involving the systematic abuse…
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New EU Sanctions Could Hit Russian Shipping
The European Union would ban trans-shipment of Russian LNG, the use of EU ports by vessels transporting goods contributing to Russia's war effort and make EU operators more accountable for any sanctions violations, according to a text under…
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