Middle East ceasefire and Lunar New Year will see ocean container freight rates fall further in February - with carriers now taking action to slow the market decline.Latest data from Xeneta – an ocean and air freight intelligence platform –…
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MOL Takes Delivery of Environmentally Friendly Multi-Purpose Vessel (Video)
The multi-purpose vessel Prima Verde, said to be the world’s first vessel able to run on marine gas oil (MGO) and wind assisted propulsion simultaneously, has been delivered.Operated by Mitsui O.S.K. Lines (MOL) company MOL Drybulk and owned by Daishin...
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Mitsubishi to Build Offshore Patrol Vessel for Indonesia’s Maritime Security Agency
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has signed a contract with the Indonesian Maritime Security Agency (BAKAMLA) for the construction of an offshore patrol vessel (OPV).The vessel will be built at MHI's…
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Action Taken on Risks After Container Ship Breakaways
Two separate breakaways of container ships berthed at the Port of Brisbane, Australia, after heavy rains highlight the importance of robust emergency and risk management arrangements, according to an Australian Transport Safety Bureau investigation.The…
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Advanced Polymer Coatings Clinches Major Hafnia Contract
Ohio headquartered manufacturer Advanced Polymer Coatings (APC) is ramping up its manufacturing operation after signing a major new contract with Hafnia, the world’s largest operator of product and chemical tankers.The deal will see APC’s MarineLINE…...
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New Coast Guard Cutter Arrives at Homeport in Alaska
The crew of Coast Guard Cutter John Witherspoon (WPC 1158) arrived at the cutter’s new homeport in Kodiak, Tuesday.The cutter is scheduled to be commissioned during a ceremony in April.The Witherspoon is the first of three Fast Response Cutters…
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Approval Granted for Blue Ammonia FPSO
MODEC and Toyo Engineering have jointly obtained an Approval in Principle (AiP) from ABS for a Blue Ammonia FPSO that will produce ammonia from the gas supplied by a traditional FPSO located nearby.Blue ammonia is produced from hydrocarbons…
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Marlink Earns BV Cyber Security Type Approval
Shipowners can use Marlink platform to collect data from any equipment on newbuildings and existing vessels to drive efficiency and complianceMarlink received Type Approval Certification from Bureau Veritas Marine & Offshore (BV) for its Internet of Th...
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Orsted, PGE Greenlight Poland Offshore Wind Farm
Poland's PGE and Denmark's Orsted have taken the final decision to build Baltica 2, a 1.5-gigawatt offshore wind farm on Poland's Northwestern coast, the companies said on Wednesday.Both companies will own 50% of the farm which is expected to be fully ...
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$4.3B of Guarantees for German Shipbuilder to Secure Sub Deal
Germany's budget committee is expected to approve state guarantees worth up to $4.27 billion to help Thyssenkrupp Marine Systems (TKMS) win an order from Argentina for three submarines, two sources in the budget committee said on Wednesday.Several…
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