Managing risk to embrace enabling technologies can build resilience amid volatility, says OrbitMIEmbracing enabling technologies necessary to navigate greener seas can be a market differentiator for maritime leaders as adopting data-driven business…
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Taking the Long Route: Panama Canal Logjam Slams Bulk Carriers
Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping…
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Van Oord’s Boreas Set for First Job at German Offshore Wind Project
Dutch offshore installation firm Van Oord has secured a contract from RWE for the transport and installation of monopile foundations for the Nordseecluster offshore wind project in Germany.This project will be the first project for the Van Oord’s brand...
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NYK Begins First Long-Term Biofuel Test Run on VLCC
On May 2, Nippon Yusen Kabushiki Kaisha (NYK) began a long-term biofuel test run on its VLCC Tenjun. The vessel received an initial supply of biofuel in Singapore and will continue to use biofuel for approximately three months to comprehensively…
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Report Analyses Fuel Cells for Deepsea Vessels
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has released a report providing a techno-economic assessment of fuel cell applications for onboard auxiliary power for deepsea vessels.The reportindicates that it appears unrealistic…
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Two Hybrid Ferries Delivered to Liberty Lines
The first of 12 new hybrid high-speed ferries designed by Incat Crowther for Italian ferry operator Liberty Lines have completed sea trials and will soon begin servicing Liberty Lines’ routes between Sicily and nearby islands.Named Vittorio Morace and ...
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Seatrium Secures FPSO Newbuild Contracts from Petrobras
Seatrium has won an international from Petrobras, acting as operator of Atapu and Sepia consortiums, for the newbuild supply of FPSO platforms P-84 and P-85.With the contracts valued at approximately S$11 billion, these high throughput FPSOs will be de...
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Ship Recycling Market Firming Up
As the summer / monsoon months creep closer, ship recycling markets in Turkey and the Indian sub-continent have been firming over recent weeks, reports cash buyer GMS.“Pakistan, though still relatively firm, feels sluggishly satiated of late…
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Esgian Week 21 Report: Tender Opportunities Emerging in Africa
Esgian provides an update on new commitments confirmed for Odfjell Drilling and Borr Drilling rigs and new tender opportunities emerging in Africa in its Week 21 Rig Analytics Market Roundup.Report SummaryContractsEquinor has exercised an option to ext...
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IMO Maritime Safety Committee Condemns Red Sea Attacks
Member states of the IMO have called for an immediate end to ongoing attacks on ships and seafarers transiting through the Red Sea and Gulf of Aden.In a resolution adopted in London, IMO’s Maritime Safety Committee condemned the attacks as “illegal and...
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