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Force Control Industries' MAGNASHEAR hazardous duty (MHD) motor brakes are now CSA approved for hazardous duty applications in North America. With Oil Shear Technology, MHD brakes are available in torque capacities ranging from 3 to 1250 lb-ft.Designed for fast installation…
https://www.marinelink.com/news/magnashear-brakes-approved-csa-hazardous-542695
https://www.marinelink.com/news/magnashear-brakes-approved-csa-hazardous-542695EST-Floattech has been contracted by Dutch system integrator Van Tiem Elektro to supply its Octopus High Energy battery systems for a new series of 15 river cruise vessels.The vessels are being outfitted at De Gerlien van Tiem in Druten, and at Vahali Shipyards in Ghent…
https://www.marinelink.com/news/estfloattech-supply-octopus-high-energy-542696
https://www.marinelink.com/news/estfloattech-supply-octopus-high-energy-542696Today, Thursday, September 3 2026, the Baltic Dry Index climbed 157 points, 3488 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 hit a ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3488-up-157-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3488-up-157-points/Simon Lunde and Fredrick Henriksen of BI Norwegian Business School went looking for the G7 price cap in the secondhand market rather than in trade flows. What they found was not a crude-only break, but a broad re-rating of shipping with a sanctions gradient running through it, steepest in the tonnage the shadow trade runs …
https://splash247.com/what-the-price-cap-did-to-old-tanker-values/
https://splash247.com/what-the-price-cap-did-to-old-tanker-values/One seafarer has died and six remain missing after the tug TNS Catcher capsized while assisting a containership off Busan yesterday. The 286-tonne tug overturned at around 1.29pm, about 9 km east of Oryukdo, while working with two other tugs to manoeuvre the MSC Ikaria VI, a 5,576 teu, Liberia-flagged containership. Of the eight people …
https://splash247.com/six-missing-after-tug-capsizes-off-busan/
https://splash247.com/six-missing-after-tug-capsizes-off-busan/US importers could face a new layer of paperwork, technology requirements and potential cargo delays under plans being considered by US Customs and Border Protection to gain far greater visibility into international supply chains. CBP has opened consultation on sweeping changes that could require importers to provide documentation originally filed with foreign customs authorities, identify …
https://splash247.com/us-customs-push-threatens-fresh-supply-chain-headaches-for-importers/
https://splash247.com/us-customs-push-threatens-fresh-supply-chain-headaches-for-importers/Norwegian authorities have seized the Russian state-owned Professor Molchanov in Svalbard as Ukraine steps up efforts to recover billions of dollars awarded over assets confiscated by Moscow following its annexation of Crimea. The expedition cruise vessel was arrested at Barentsburg on September 2 following an order from the Nord-Troms District Court, which granted Ukrainian state …
https://splash247.com/norway-seizes-russian-ship/
https://splash247.com/norway-seizes-russian-ship/One of the most spectacular boom-and-bust figures from shipping’s last great shipbuilding cycle is back. Kang Duk-soo, the architect of South Korea’s former STX empire, is returning to the industry through D-Ocean Asset Management, the consortium acquiring control of SK Oceanplant for around KRW410bn ($298m). SK Oceanplant is the former Samkang M&T, a Goseong-based offshore …
https://splash247.com/stx-architect-plots-shipbuilding-comeback/
https://splash247.com/stx-architect-plots-shipbuilding-comeback/Panama has completed the acquisition of Petroterminal de Panamá, giving the state full ownership of a strategic oil transport system that functions as a specialised second Panama Canal for hydrocarbons. The government paid $191.7m for the remaining 41% stake in the company, taking ownership to 100%. Petroterminal operates terminals at Chiriquí Grande on the Caribbean …
https://splash247.com/panama-takes-full-control-of-its-cross-country-oil-corridor/
https://splash247.com/panama-takes-full-control-of-its-cross-country-oil-corridor/Kongsberg Maritime is expanding its Elegance Pod propulsion range with the launch of five new sizes delivering up to 22MW, enabling the company to address the requirements of the world’s largest cruise vessels.The new units are being developed to support both today’s and future vessel architectures…
https://www.marinelink.com/news/kongsberg-maritime-expands-pod-range-542681
https://www.marinelink.com/news/kongsberg-maritime-expands-pod-range-542681