Sub-continent markets have taken a turn for the worse this week, as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh, and Turkey have led to depressed sentiments and virtually no new offers emanating on any available tonnage…
General Dynamics appointed Gulfstream Aerospace executive Charles F. Krugh as president of General Dynamics Bath Iron Works.“Chuck’s leadership, proven track record in manufacturing and expertise in managing complex supply chains will be an…
Cavotec reports it has won a shore power order valued at €15.7 million from a major global container shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024.Cavotec is to supply its…
Finland-based cruise shipbuilder Meyer Turku saw its full-year 2021 net loss widen, despite a somewhat higher turnover compared to 2020. Still, the company said it was a 'satisfactory result in the midst of a protracted pandemic.'The company's turnover was EUR 1…
The global push for decarbonization in the transport sector has predictably inspired a wave of new designs for the shipping sector, including a new 'Zero-Emission Handymax Bulker' design from the hands of Eco Marine Power, a design that incorporates renewable energy solutions…
Ulstein today unveiled a vessel concept that it claims is capable of making the vision of zero emission cruise operations a reality. Dubbed Ulstein Thor, the 149m 3R (Replenishment, Research and Rescue) design will feature a Thorium Molten Salt Reactor (MSR) to generate vast amounts of clean…
Singaporean shipbuilder Keppel Offshore & Marine Ltd (Keppel O&M) announced it has delivered Vox Ariane, the first in a series of three new 10,500-cubic-meter-capacity trailing suction hopper dredgers (TSHD) for Dutch contracting company Van Oord…
The methanol-fueled chemical tanker Grouse Sun, owned by NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, was delivered on April 19. The vessel was built at Hyundai Mipo Dockyard in Korea.Grouse Sun has been equipped with…
One of its most significant initiatives in the Japanese shipping industry's push toward net zero is e5 Lab Inc., a consortium comprising Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd. and Mitsubishi Corporation…
Within the maritime sector not enough attention is paid to maritime subcontracting. And yet, it is as important as the main contracts that maritime main contractors conclude with their clients, such as shipping companies and buyers of superyachts…
According to GMS, it has been another impressive week in both the Indian and Pakistani markets, with reportedly several sales taking place above the $700/LDT mark. These levels seem increasingly indicative of a market that is firm and these…
As the world increasingly searches for a means to reduced carbon footprint, compact floating nuclear power plants are emerging as a serios contender. To this end, Samsung Heavy Industries (SHI) and Seaborg signed a partnership agreement to develop…
A new new 27-inch cutter suction dredge for Mike Hooks, LLC has been launched at Southwest Shipyard in Galveston, Texas.The Lorraine Hooks, named after the wife of the company's founder Mike Hooks, will now get a ladder gantry and anchor boom stops…
Ro-ro and ro-pax operator Finnlines has inked a deal to install Yara Marine’s shore power solution on board three vessels to reduce fuel consumption, emissions, and noise in port. The installations are scheduled for completion in 2022.The turnkey…
Japanese shipping company NYK last week took delivery of the Plumeria Leader, an LNG-powered pure car and truck carrier (PCTC).The vessel, delivered on March 24, was built at the Shin Kurushima Dockyard of Shin Kurushima Toyohashi Shipbuilding Co…