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A formal naming ceremony was held at the CSSC Huangpu Wenchong Shipbuilding Company in the Chinese province of Quanzhou on April 26 for AAL Shipping’s new heavy lift vessel, AAL Limassol.Due to sail on her maiden voyage from China into Europe…
https://www.marinelink.com/news/aal-christens-new-heavy-lift-ship-china-513407
https://www.marinelink.com/news/aal-christens-new-heavy-lift-ship-china-513407The U.S. Navy has awarded BAE Systems a contract worth more than $87 million for repair work aboard the dock landing ship USS Carter Hall (LSD 50).The nearly 30-year-old vessel will undergo a year of restorative work at BAE Systems’ shipyard in Norfolk, Va., which is also the ship’s homeport.
https://www.marinelink.com/news/bae-systems-wins-million-contract-upgrade-513408
https://www.marinelink.com/news/bae-systems-wins-million-contract-upgrade-513408engines, inc., a Jonesboro, Ark. based distributor of diesel engines and generator sets, has hired David Hughes as its new managing director. Hughes is an industry veteran with expertise in marine diesel product management, having most recently…
https://www.marinelink.com/news/engines-inc-names-hughes-managing-513409
https://www.marinelink.com/news/engines-inc-names-hughes-managing-513409A mother and son will have to pay more than £2,000 for obstructing the work of the U.K.'s Maritime and Coastguard Agency (MCA).On March 3, 2022, Rhys Wonnacott, of Milford Haven, prevented MCA surveyors boarding the fishing vessel Provider, moored at Milford Haven Harbour.
https://www.marinelink.com/news/mother-son-pay-obstructing-uk-coastguard-513410
https://www.marinelink.com/news/mother-son-pay-obstructing-uk-coastguard-513410Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension…
https://www.marinelink.com/news/young-brothers-first-us-innovative-513419
https://www.marinelink.com/news/young-brothers-first-us-innovative-513419Market participants in the East Coast South America region maintained a slightly bearish tone for the Atlantic Panamax dry bulk market amid concerns on deteriorating fundamentals, citing an oversupply of ships despite a healthy cargo book extending through May. The ECSA region is a crucial support pillar within the Atlantic Panamax dry bulk market during ...
https://www.hellenicshippingnews.com/atlantic-dry-bulk-market-strength-likely-to-wane-in-may-on-higher-tonnage-concerns/The Baltic Exchange’s dry bulk sea freight index rose to more than a week high on Thursday, supported by gains in the larger vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 86 points or 5.1% to 1,774, hitting its highest level since April 23. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-one-week-high-on-capesize-strength/
https://www.hellenicshippingnews.com/baltic-index-hits-over-one-week-high-on-capesize-strength/Singapore-based Yinson Production has agreed a limited recourse term loan facility of up to $1.3bn for the pre- and post-delivery financing of the Agogo FPSO. The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised during the construction of the FPSO. The financing comprises three …
https://splash247.com/yinson-production-closes-1-3bn-financing-for-agogo-fpso/
https://splash247.com/yinson-production-closes-1-3bn-financing-for-agogo-fpso/Norway’s Solstad Offshore has won several deals in the offshore energy market with a combined duration of around 600 days, including mobilization and demobilization, valued at NOK 800m ($72.1m). The Normand Baltic CSV will be busy in the offshore wind market in Asia. It was awarded a minimum 70-day firm contract for cable repair support …
https://splash247.com/solstad-offshore-wins-new-deals-for-four-vessels-worth-72m/
https://splash247.com/solstad-offshore-wins-new-deals-for-four-vessels-worth-72m/Shipping tycoon John Fredriksen has become the top investor in offshore wind vessel owner Edda Wind after Norwegian shipowner Østensjø sold all its shares in the company for NOK 521.8m ($47m). Following the transaction, Østensjø – which held shares through its subsidiary Østensjø Wind – does not hold any shares or rights to shares in …
https://splash247.com/fredriksen-becomes-top-investor-in-edda-wind/
https://splash247.com/fredriksen-becomes-top-investor-in-edda-wind/