Clarksons Research have released their latest annual review of shipbuilding markets, including full year 2024 data points, tracking key developments across a strong year for the shipbuilding industry.Summarising the annual review, Steve Gordon…
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AES Acquires CWind from Inspirit Capital
All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…
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All Segments Decline as Baltic Index Sags
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a more-than-17-month low on Wednesday, hurt by falling rates across all vessel segments.The index, which factors in rates for capesi...
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New Line Handlers for SAAM Vancouver Fleet
The new line handlers joining SAAM Towage Canada's fleet were unloaded from the MV Jumbo at the Port of Vancouver on January 6th after completing their journey from Hong Kong.“These multipurpose vessels play a key role in berthing and unberthing…
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Great Lakes 2024 Iron Ore Trade Dips 2.5 PCT
Shipments of iron ore on the Great Lakes totaled 4.6 million tons in December, a decrease of 4.5 percent compared to a year ago. Shipments were just slightly above the 5-year average for the month.The year-end total for the iron ore trade stands at 49....
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New Zealand Ports Order Damen’s Dredger
Damen Shipyards Group has signed a contract with Port Otago and its partner Napier Port for the delivery of a Trailing Suction Hopper Dredger (TSHD) 1000.At nearly 60 meters in length, the dredger has a maximum hopper volume of 1000m3 with twin…
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SEA-CARE Team to Tackle Maritime Safety Challenges Via Improved Data Sharing
Inmarsat Maritime, a Viasat company, supported by Maritime London, have established SEA-CARE as a new industry working group whose goal is to scrutinize maritime safety and how pooling information can improve it.The new working group, comprised of stak...
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Van Oord Takes Delivery of Giant Offshore Installation Vessel Boreas
A brand-new offshore installation vessel Boreas has been handed over to Van Oord during a festive ceremony at the Yantai CIMC Raffles Offshore shipyard in China.The Boreas, named after the Greek god of the Northern winds, is purpose-built for…
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DeepOcean Adds High-Spec Subsea Vessel to Its Fleet
Ocean services provider DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer.The new capacity aligns with the company’s service offerings and subsea capabilities across both the offshore renewables and conventional…...
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Shipbuilding: Container Ship Order Book Soars to New Heights
“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.As 4.4m TEU were contracted during 2024, the second highest ...
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