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U-Ming Marine Offshore (UMO) and Purus have teamed up to form UPO Holdings (UPO), a joint venture aimed at expanding offshore wind operations in Taiwan and the region.UPO is commissioning two state-of-the-art VARD 419 Commissioning Service Operation Vessels (CSOVs)…
https://www.marinelink.com/news/uming-purus-set-jv-expand-asiapacific-531706
https://www.marinelink.com/news/uming-purus-set-jv-expand-asiapacific-531706Weathernews, a Japan-headquartered weather intelligence firm, and Belgium’s Toqua, a developer of physics-informed AI for ship performance modeling, have entered a strategic partnership to integrate vessel-specific performance models into Weathernews’…
https://www.marinelink.com/news/toqua-weathernews-join-forces-aidriven-531708
https://www.marinelink.com/news/toqua-weathernews-join-forces-aidriven-531708The construction of Captain Arctic, a 69-meter near-zero-emission exploration vessel designed for sustainable cruising in polar waters, has reached a major milestone as its hull was completed by Goltens Dubai, marking the start of final outfitting and integration work.The vessel…
https://www.marinelink.com/news/hull-delivery-brings-nearzeroemission-531714
https://www.marinelink.com/news/hull-delivery-brings-nearzeroemission-531714American Bureau of Shipping (ABS) has awarded an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its novel design of a wireless fire and gas detection system that advances safety in maritime operations.Conventional detection…
https://www.marinelink.com/news/abs-okays-shis-novel-fire-gas-detection-531715
https://www.marinelink.com/news/abs-okays-shis-novel-fire-gas-detection-531715Mermaid Subsea Services (UK) has completed a fast-track subsea recovery campaign in the North Sea for a major operator.The operation involved the internal and external severance of casing, conductor, guide pipe and cement lines, as well as local…
https://www.marinelink.com/news/mermaid-subsea-wraps-north-sea-subsea-531716
https://www.marinelink.com/news/mermaid-subsea-wraps-north-sea-subsea-531716The European Union (EU)-funded MARPOWER project (Efficient zero-emissions gas turbine POWER system for MARitime transport) is addressing the decarbonization of maritime transport. Shipping is responsible for almost 3% of global greenhouse gas emissions…
https://www.marinelink.com/news/marpower-project-reports-firstyear-531721
https://www.marinelink.com/news/marpower-project-reports-firstyear-531721Torvald Klaveness has announced that Fabian Flaaten has joined as the new Chief Financial Officer (CFO), effective October 28, 2025. Flaaten will report to Chief Executive Officer (CEO) Ernst Meyer and be part of the Group’s Executive Committee and Holding Management Team.
https://www.marinelink.com/news/torvald-klaveness-welcomes-fabian-flaaten-531725
https://www.marinelink.com/news/torvald-klaveness-welcomes-fabian-flaaten-531725Today, Tuesday, October 28 2025, the Baltic Dry Index decreased by 26 points, reaching 1950 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-1950-down-26-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1950-down-26-points/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, extended losses on Tuesday, weighed down by declining vessel rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 26 points, or 1.3%, to 1,950 points, its lowest in ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-weak-vessel-rates-across-the-board/Today, Wednesday, October 29 2025, the Baltic Dry Index climbed by 11 points, reaching 1961 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-climbs-to-1961-up-11-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1961-up-11-points/