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Vestdavit, a European supplier of advanced davit systems, has entered a new phase in its development through a landmark transaction under which it will be wholly acquired by Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management.
https://www.marinelink.com/news/fairbanks-morse-defense-acquire-vestdavit-529850
https://www.marinelink.com/news/fairbanks-morse-defense-acquire-vestdavit-529850On September 9, 2025, Freire Shipyard launched the new Arctic freezer trawler, built for Canadian fishing company Qikiqtaaluk Fisheries Corporation.The Saputi II, with a length of 79 meters, a beam of 17 meters and capacity for 34 crewmembers…
https://www.marinelink.com/news/freire-shipyard-launches-trawler-529852
https://www.marinelink.com/news/freire-shipyard-launches-trawler-529852The Shearer Group, Inc. (TSGI) has announced a new addition to its naval architecture, marine engineering, and marine surveying firm, Tyler Zylinski. Tyler graduated from Webb Institute with a Bachelor of Science in Naval Architecture and Marine Engineering.During his time at Webb…
https://www.marinelink.com/news/shearer-group-inc-welcomes-tyler-zylinski-529855
https://www.marinelink.com/news/shearer-group-inc-welcomes-tyler-zylinski-529855A U.S. State Department spokesperson expressed concern on Wednesday over Spain's measures limiting access to Spanish ports and airspace to ships and planes carrying weapons for Israel."It is deeply concerning that Spain, a NATO member, has chosen to potentially limit U.S.
https://www.marinelink.com/news/us-state-department-expresses-concern-529859
https://www.marinelink.com/news/us-state-department-expresses-concern-529859The U.S. Coast Guard exercised a contract option with Bollinger Shipyards of Lockport, Louisiana, to fund initial construction on 10 additional Fast Response Cutters (FRCs), a $507 million option that supports ongoing efforts to modernize the…
https://www.marinelink.com/news/uscg-confirms-contract-option-additional-529861
https://www.marinelink.com/news/uscg-confirms-contract-option-additional-529861Subsea Global Solutions, a global provider of underwater repair, maintenance, and marine services, has announced the appointment of Harun Duzgoren as Chief Executive Officer, effective immediately. Duzgoren returns to Subsea Global following…
https://www.marinelink.com/news/subsea-global-solutions-welcomes-back-529866
https://www.marinelink.com/news/subsea-global-solutions-welcomes-back-529866Iron ore futures retreated on Wednesday, due to some profit-taking and weaker-than-expected inflation data in top consumer China, although the bets of demand picking up along with production resumption among mills curbed losses. The benchmark October iron ore (SZZFV5) on the Singapore Exchange was down 0.33% at $107 a metric ton, as of 0913 GMT ...
https://www.hellenicshippingnews.com/iron-ore-eases-on-profit-taking-weak-china-inflation-data/
https://www.hellenicshippingnews.com/iron-ore-eases-on-profit-taking-weak-china-inflation-data/U.S. farmers are missing out on billions of dollars of soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap, traders and analysts said. Chinese importers have booked around 7.4 million metric tons of mainly South American soybeans ...
https://www.hellenicshippingnews.com/us-misses-out-on-billions-in-china-soybean-sales-midway-through-peak-season/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit an over one-month high on Wednesday, driven by increased prices across capesize and panamax vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 33 points, or 1.6%, to ...
https://www.hellenicshippingnews.com/baltic-index-extends-gains-on-higher-rates-across-larger-vessels/Swiss technology group ABB has strengthened its collaboration with Swedish nuclear developer Blykalla to fast-track the use of small modular reactors (SMRs) in the maritime sector. The new memorandum of understanding (MoU) builds on an earlier deal between the two companies, signed in late 2024, that focused on developing Blykalla’s lead-cooled SMR technology for Sweden’s …
https://splash247.com/abb-and-blykalla-move-to-bring-nuclear-propulsion-closer-to-shipping/
https://splash247.com/abb-and-blykalla-move-to-bring-nuclear-propulsion-closer-to-shipping/