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Marine salvage is a risky business financially and physically and is governed by complex legal systems, frameworks, and conventions. Over the past two decades the industry has contracted and has consolidated in response to changes which have meant there are fewer marine casualties.
https://www.marinelink.com/news/marine-salvage-wind-farms-527613
https://www.marinelink.com/news/marine-salvage-wind-farms-527613Medi Giannutri, a bulk carrier operated by NYK, has rescued two sailors from a disabled sailboat in the Pacific Ocean. on June 19 (local time).While en route to the U.S. port of Long Beach, the bulk carrier received a search and rescue request from the U.S.
https://www.marinelink.com/news/nyks-bulk-carrier-saves-stranded-sailors-527614
https://www.marinelink.com/news/nyks-bulk-carrier-saves-stranded-sailors-527614American Bureau of Shipping (ABS), CORE POWER and Athlos Energy have formed a consortium to evaluate the potential of positioning the floating nuclear power (FNPP) platforms to meet the energy demands of islands, ports and coastal communities…
https://www.marinelink.com/news/industry-consortium-asses-floating-527616
https://www.marinelink.com/news/industry-consortium-asses-floating-527616India's Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui O.S.K. Lines (MOL) to build, own and operate two very large ethane carriers (VLECs).The ‘mega vessels’ will deliver imported ethane to ONGC Petro Additions Limited…
https://www.marinelink.com/news/ongc-inks-deal-mol-build-two-large-ethane-527618
https://www.marinelink.com/news/ongc-inks-deal-mol-build-two-large-ethane-527618Today, Thursday, July 3 2025, the Baltic Dry Index decreased by 9 points, reaching 1434 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-1434-down-9-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1434-down-9-points/Singapore shipyard group Seatrium has won an FSRU conversion contract from Kinetics, an energy transition initiative by Karadeniz subsidiary Karpowership. This award follows Kinetics’ confirmation of the option for a fourth FSRU conversion project with Seatrium, announced in April 2024. The initial deal was for three LNG carrier conversions into FSRUs, with an option for …
https://splash247.com/seatrium-wins-fsru-conversion-contract-from-kinetics/
https://splash247.com/seatrium-wins-fsru-conversion-contract-from-kinetics/Mitsui E&S Shipbuilding has been rebranded Tsuneishi Solutions Tokyobay having been bought by Tsuneishi Shipbuilding, the latest in a series of shipyard mergers ongoing in Japan. Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding, whose shipbuilding heritage dates back to 1917, had been in a capital alliance for the past four years, but Tsuneishi decided to buy …
https://splash247.com/mitsui-es-shipbuilding-becomes-tsuneishi-solutions-tokyobay/
https://splash247.com/mitsui-es-shipbuilding-becomes-tsuneishi-solutions-tokyobay/A major infrastructure initiative at the Port of Coos Bay is gaining momentum with a $100m funding boost from the state of Oregon, setting the stage for the creation of the west coast’s first fully ship-to-rail container port. The Pacific Coast Intermodal Port project aims to establish a container terminal that will directly link ocean …
T. Parker Host (Host), a provider of maritime agency and terminal services across the US, has acquired Transmarine Navigation Corporation (Transmarine), a west coast ship agency headquartered in Long Beach, California. The acquisition makes Host the largest independent tramp ship agency in the US. “This acquisition aligns with our strategic vision to deliver seamless, high-touch …
https://splash247.com/ship-agency-merger-creates-sector-leader-in-the-us/
https://splash247.com/ship-agency-merger-creates-sector-leader-in-the-us/KNOT Offshore Partners has expanded its fleet with the acquisition of a three-year-old shuttle tanker and agreed a sale and leaseback deal for another. The company bought the 2022-built suezmax Daqing Knutsen from Knutsen NYK Offshore Tankers (KNOT). The purchase price for the vessel, built by COSCO Shipping Heavy Industry, is $90m, less $70.5m of …
https://splash247.com/knot-offshore-partners-acquires-shuttle-tanker-2/
https://splash247.com/knot-offshore-partners-acquires-shuttle-tanker-2/