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Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being…
https://www.marinelink.com/news/vard-electro-gets-onboard-psvtoresearch-531838
https://www.marinelink.com/news/vard-electro-gets-onboard-psvtoresearch-531838Three shipping and ship-management companies within the NYK Group - Asahi Shipping Co, Hachiuma Steamship, and Mitsubishi Ore Transport Co - entered into a merger agreement on to integrate their business operations.The companies entered into a merger agreement on October 28…
https://www.marinelink.com/news/company-consolidation-forms-nyk-bulkship-531843
https://www.marinelink.com/news/company-consolidation-forms-nyk-bulkship-531843Svitzer has signed a Letter of Intent (LoI) with Cochin Shipyard to construct a new generation of electric TRAnsverse tugs in India.The agreement marks a clear step forward in Svitzer’s electrification roadmap and in strengthening India’s role as a global maritime manufacturing hub.Under the LoI…
https://www.marinelink.com/news/svitzer-inks-deal-cochin-shipyard-build-531845
https://www.marinelink.com/news/svitzer-inks-deal-cochin-shipyard-build-531845Today, Friday, October 31 2025, the Baltic Dry Index decreased by 17 points, reaching 1966 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-1966-down-17-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1966-down-17-points/Southampton Marine Services Ltd (SMS Group), the UK's largest independent ship repairer, has secured a major USD$3.94 million (£3 million) contract with German cruise company AIDA to refit the first of three ships in Marseilles, thanks in part…
https://www.marinelink.com/news/southampton-marine-services-secures-m-531787
https://www.marinelink.com/news/southampton-marine-services-secures-m-531787HII reported results for the third quarter of fiscal 2025.Highlights:Third quarter revenues were a record $3.2 billionThird quarter net earnings were $145 million or $3.68 diluted earnings per shareCompleted builder’s sea trials for guided missile…
https://www.marinelink.com/news/hii-reports-q-results-531791
https://www.marinelink.com/news/hii-reports-q-results-531791Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with India’s Sagarmala Finance Corporation Limited (SMFCL), a Government of India Enterprise under the Ministry of Ports, Shipping and Waterways to collaborate on…
https://www.marinelink.com/news/unifeeder-sagarmala-finance-corporation-531792
https://www.marinelink.com/news/unifeeder-sagarmala-finance-corporation-531792Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58 million euros). The order book…
https://www.marinelink.com/news/damen-shipyards-group-reports-profit-531795
https://www.marinelink.com/news/damen-shipyards-group-reports-profit-531795The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and pushed up ocean freight costs.The move provides a 12-month…
https://www.marinelink.com/news/trump-xi-pause-port-fees-others-vessels-531806
https://www.marinelink.com/news/trump-xi-pause-port-fees-others-vessels-531806The Neoliner Origin, the world's largest cargo sailboat, completed its maiden transatlantic voyage on Thursday (October 30) despite sustaining damage to its aft sail during the crossing, forcing the crew to rely partially on its motor and remaining intact sail.The 136-meter-long (446 feet) vessel…
https://www.marinelink.com/news/cargo-sailboat-finishes-first-531807
https://www.marinelink.com/news/cargo-sailboat-finishes-first-531807