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Fincantieri said its subsidiary WASS Submarine Systems has secured a contract worth more than $237 million euros to supply MU90 lightweight torpedoes to the Royal Saudi Naval Force.The agreement, awarded by Saudi Arabia’s Ministry of Defense…
https://www.marinelink.com/news/fincantieri-unit-wass-wins-m-saudi-navy-535525
https://www.marinelink.com/news/fincantieri-unit-wass-wins-m-saudi-navy-535525Coal-fired power generation decreased 1.9% in 2025; non-fossil generation outpaces demand growthChina's coal-fired power generation decreased 1.9% in 2025, marking a historic shift driven by new non-fossil generation that has finally outpaced demand growth…
https://www.marinelink.com/news/chinas-appetite-coal-wanes-535526
https://www.marinelink.com/news/chinas-appetite-coal-wanes-535526Spain’s Valenciaport closed the 2025 financial year with higher revenues, sharply improved profitability, and a new record for container throughput, underscoring continued carrier commitment despite a volatile global trade backdrop.Provisional…
https://www.marinelink.com/news/valenciaport-sees-record-container-535527
https://www.marinelink.com/news/valenciaport-sees-record-container-535527Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading…
https://www.marinelink.com/news/seatrium-unit-launches-arbitration-535528
https://www.marinelink.com/news/seatrium-unit-launches-arbitration-535528Lloyd’s Register (LR) Advisory has been appointed by Geneva-based LPG trader and shipowner Geogas to support the development of a multi-year emissions compliance plan and operationalization of FuelEU pooling, as it prepares for the first compliance cycle of FuelEU Maritime.Under the agreement…
https://www.marinelink.com/news/lr-advisory-geogas-trading-improve-535531
https://www.marinelink.com/news/lr-advisory-geogas-trading-improve-535531Lehmann Marine is contributing to the Port of Hamburg's transition towards sustainability by supplying the battery systems for three new, fully electric passenger ferries. This project represents the largest order in the company’s history. Built…
https://www.marinelink.com/news/lehmann-marine-provides-battery-systems-535534
https://www.marinelink.com/news/lehmann-marine-provides-battery-systems-535534Today, Tuesday, February 10 2026, the Baltic Dry Index decreased by 13 points, reaching 1882 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1882-down-13-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1882-down-13-points/Offshore drilling contractor Vantage Drilling has been informed that it received a binding notification of award from India’s ONGC for the 2010-built drillship Platinum Explorer. The contract was awarded following the conclusion of a tender for a deepwater drillship, with a three-year firm period plus a one-year optional campaign in India. According to Vantage Drilling, …
https://splash247.com/ongc-taps-vantage-drillship-for-multi-year-india-programme/
https://splash247.com/ongc-taps-vantage-drillship-for-multi-year-india-programme/Carl Martin Faannessen from crewing agent Noatun Maritime calls for an urgent need to start changing the narrative about careers at sea. Our industry is painting itself into a self-made corner. Why? Because we are not adept at marketing, in every sense of the word. What other industry would: Take every opportunity to talk up …
https://splash247.com/industrys-doom-and-gloom-pr-is-sinking-seafaring/
https://splash247.com/industrys-doom-and-gloom-pr-is-sinking-seafaring/Nordic American Tankers has sold its oldest vessel, the 2003-built suezmax Nordic Pollux, for $25m, underlining the strength of the secondhand tanker market for vintage tonnage. The Japan-built 150,103 dwt tanker was sold debt-free, with the full proceeds going straight to the New York-listed owner. Shipping analysts at Swedish investment bank SEB said the achieved …
https://splash247.com/nordic-american-cashes-in-on-oldest-suezmax-at-hefty-premium/
https://splash247.com/nordic-american-cashes-in-on-oldest-suezmax-at-hefty-premium/