The Indian government will offload a stake of about 5% in shipbuilder Cochin Shipyard COCH.NS, an exchange filing showed on Tuesday.The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed.
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Watch: Bulker and Livestock Carrier Collide
The bulk carrier Bunun Ace and the Ayed 1, a bulk carrier that appears to have been converted to carry livestock, were involved in a collision in the Bosphorus Strait on October 3.The Turkish Directorate General of Coastal Safety said the Bunun Ace was...
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Marlink Fortifies Cyber Security Offer with Port-IT Acquisition
Marlink acquired 100% of Port-IT, a leader in cyber security solutions tailored for the maritime industry.Port-IT brings the combination of a state-of-the-art cyber security solutions portfolio together with a long-standing experience in the maritime i...
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North Star Gets Its First CSOV Contract
UK-based offshore vessel owner North Star has secured its first contract for a commissioning service operation vessel (CSOV) from EnBW, which will be deployed at 960 MW He Dreiht offshore wind farm in Germany.This award for the newbuild Grampian Kestre...
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Philippines Says Fisheries Vessel Sideswiped
The Philippines' Bureau of Fisheries said a "Chinese maritime militia" boat deliberately sideswiped one of its two vessels that were conducting a routine maritime patrol in the vicinity of Thitu island in the South China Sea last Friday.The vessel had ...
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HMNZS Manawanui’s Large Fuel Tanks Likely Intact
The New Zealand Defence Force (NZDF) has issued an update on the HMNZS Manawanui sinking in Samoa saying it is evaluating what is possible to plug the residual diesel engine room leak while planning for the safe removal of containers on the…
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Fugro Names Annabelle Vos Director for Middle East & India
Fugro’s Board of Management has appointed Annabelle Vos as Group Director for the Middle East & India, effective January 1, 2025.Vos has been part of the Fugro family since 2016, when she joined as General Counsel and Chief Compliance Officer.
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US Creates New Marine Sanctuary Along California Coast
The Biden administration on Friday announced the creation of the Chumash Heritage National Marine Sanctuary along California's central coast, a victory for the Chumash tribe that pursued the designation for a decade.The newly formed sanctuary is part o...
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Baltic Index Extends Gains as Capesize Rates Rise
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second consecutive session on Monday, propped up by higher rates for the capesize segment.The index, which factors in rates for capesiz...
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Castor Maritime Adds 2020-built Bulk Carrier
Castor Maritime announced that on October 9, 2024, it took delivery of the M/V Magic Ariel, the 2020-built Kamsarmax bulk carrier vessel it had agreed to acquire as previously announced on September 30, 2024.The vessel acquisition was financed…
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