German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.Their pot...
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Dearth of Tanker Vessels Sets Russian Oil Freight Rates Soaring
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.Higher freight costs…
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Marine Equipment: Free Software Update for SAILOR VHF Radio
Cobham Satcom released what it calls a significant software update for its flagship SAILOR 7222 VHF DSC Class A radio, an update that introduces new features to improve safety and simplify operation while exceeding the IMO’s Global Maritime…
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Kongsberg to Equip Indonesian Navy’s New Fast Attack Crafts
Kongsberg Maritime has secured a contract to supply advanced propulsion and maneuvering technology for two new KCR-70 Fast Attack Craft for the Indonesian Navy.The vessels are currently under construction at the Sefine Shipyard in Türkiye.The…
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Addressing the M/V Dali Incident: Infrastructure, Trade and the Future of U.S. Maritime Policy
On March 26, 2024, the M/V Dali, a massive Neopanamax (the terms for the size limits for ships travelling through the Panama Canal, 1201 ft. long and 168 ft. wide) container ship, collided with the Francis Scott Key Bridge,an incident that highlights t...
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US Stands by Philippines, Rubio Classifies China’s Actions ‘Dangerous’
New U.S. Secretary of State Marco Rubio discussed China's "dangerous and destabilizing actions in the South China Sea" with his Philippine counterpart on Wednesday and underscored the "ironclad" U.S. defense commitment to Manila."Secretary Rubio…
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AIRCAT 35 Crewliner Vessels Delivered to Service TotalEnergies Angola
AIRCAT Vessels, in collaboration with ESNA, delivered the first three AIRCAT 35 Crewliners. Designed to meet the demanding needs of the oil and gas sector, the 35-m vessels, based on SES (Surface Effect Ship) technology, achieve speeds of more than 50 ...
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Huisman to Deliver Crane to Asia-Pacific Offshore Support Vessels Owner
Huisman has signed a contract with Zhenjiang Jiangsu Shipyard for the delivery of a 100 mt Pedestal Mounted Crane to Eastern Navigation, a provider of maritime support fleets in the Asian-Pacific offshore energy industry.This marks the fifth…
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GTT Finds Chinese Partner to Build Its Membrane Containment Systems
GTT has signed a technical assistance and license agreement with the Chinese shipyard Hengli Shipbuilding (Dalian), part of the Hengli Group, to build its membrane containment systems for various types of vessels.This agreement strengthens GTT's presen...
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Asyad Group Outlines Plans to Sell 20% of Shipping Business via IPO
Oman's state-owned logistics firm Asyad Group plans to sell shares in its shipping subsidiary through an initial public offering, it said on Wednesday, as part of the Gulf country's privatization drive.The group, owned by Oman's sovereign wealth fund…
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