The future of the two insolvent shipyards FSG and Nobiskrug is taking shape: The Rönner Group from Bremerhaven will continue to operate the Flensburg shipyard and the Lürssen Group from Bremen will take over the facilities and land at the shipyard site...
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McQuilling Weighs in on 2025-2029 Tanker Outlook
McQuilling Services announced the release of its 28th anniversary edition, 2025-2029 Tanker Market Outlook.This 183-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and ...
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Baltic Index snaps 13-day losing streak
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a thirteen-day losing streak on Friday, supported by strong rates across the capesize and panamax vessel segments.The overall index…
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Xeneta: Ocean Box Rates to Fall Again in February
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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