“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October ...
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New Alliance Targets CTV Deliveries for Japanese Offshore Market
Strategic Marine, Mirai Ships, and Ragnar Energy Solutions have signed a Memorandum of Understanding (MOU) to establish a framework for exclusive newbuild collaborations, aiming to deliver vessels tailored for Japanese offshore markets.The MoU…
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ABS and KOMERI Strengthen Maritime Technology R&D Cooperation
American Bureau of Shipping (ABS) and the Korea Marine Equipment Research Institute (KOMERI) have signed an agreement that establishes a framework for strengthening technology research and development in the shipbuilding and marine industries.The…
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DeepOcean Lands Its Largest IMR Contract to Date for Equinor’s Norwegian Assets
Ocean services provider DeepOcean has secured a long-term subsea inspection, maintenance and repair (IMR) contract from Equinor, its largest contract on record.The eight-year contract will set a new benchmark for digitalized and environmentally…
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Netherlands to Enlist Private Firms to Protect North Sea Assets from Russian Sabotage
The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday, confirming media reports.The decision follows…
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Container Shippers Mitigating Green Transition Risks with Dual-Fuel Vessel Orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Thei...
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Argentina to Privatize Paraguay-Parana Waterway
The Argentine government will call for a national and international public tender to privatize its stretch of the Paraguay-Parana waterway through a 30-year concession, cabinet chief Guillermo Francos said on Tuesday.The waterway, a natural river corri...
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Australia and India Talk Maritime, Renewables at G20
Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and I...
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EBDG, Diversified Marine Team on the Electrified Truckable Tug
While in New Orleans, Maritime Reporter TV visited with Elliott Bay Design Group (EBDG) and Diversified Marine to discuss the Electrified Truckable Tug.Hitting tightening maritime emission targets will require innovation and collaboration across the se...
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Trump Picks Duffy to be DOT Chief
U.S. President-elect Donald Trump said on Monday that he is nominating former Wisconsin Representative and Fox Business News host Sean Duffy to be transportation secretary.If confirmed, Duffy will oversee aviation, automotive, rail, transit…
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