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Red ink is forecast to splatter across the balance sheets of containerlines in the final quarter of the year despite the Shanghai Containerized Freight Index (SCFI) snapping its more than two-month decline today. The SCFI broke its 11-week-long losing streak today, climbing 30 points to 1,445 points. However, Drewry’s rival World Container Index, published yesterday, …
https://splash247.com/scfi-blip-cant-mask-deepening-container-carnage-ahead-of-q4/
https://splash247.com/scfi-blip-cant-mask-deepening-container-carnage-ahead-of-q4/A steering control system component failure on a multi-purpose carrier resulted in a collision with a bulk carrier in the Houston Ship Channel, the National Transportation Safety Board said in a newly-released investigation report.The multi…
https://www.marinelink.com/news/steering-micro-switch-failure-led-houston-529424
https://www.marinelink.com/news/steering-micro-switch-failure-led-houston-529424Biological hydrogen is a wildcard technology that could change what Roy Allegra calls the current hydrogen cold war.Allegra, based in London, is founder of RA Energy and Green H₂ Systems Modeling.He sees Europe scrambling to lock in alliances…
https://www.marinelink.com/news/biological-hydrogen-offers-alternative-529425
https://www.marinelink.com/news/biological-hydrogen-offers-alternative-529425Phase 1 of S-100 Standards implementation is now complete after the operational release of standards S-124 Navigational Warnings and S-128 Catalogue of Nautical Products.The S-100 framework is a new global standard created by the International Hydrographic Organization (IHO)…
https://www.marinelink.com/news/phase-s-implementation-complete-529426
https://www.marinelink.com/news/phase-s-implementation-complete-529426The July/August issue of Offshore Engineer includes an update on patrolling robots. They are increasingly being used for inspection, maintenance and repair, and they are increasingly being operated, human-in-the-loop, in a cyber world that is…
https://www.marinelink.com/news/robots-getting-good-understanding-529427
https://www.marinelink.com/news/robots-getting-good-understanding-529427Crowley Stena Marine Solutions, the joint venture between Crowley and Stena Bulk, has received approval from the U.S. Maritime Administration (MARAD) to operate the CS Anthem tanker under the Tanker Security Program.The CS Anthem, a U.S.-flagged…
https://www.marinelink.com/news/crowleymanaged-cs-anthem-joins-tanker-529428
https://www.marinelink.com/news/crowleymanaged-cs-anthem-joins-tanker-529428Antwerp-based CMB.TECH has agreed to sell its 2010-built suezmax Sofia for a net price of $40.1m, generating a gain of about $20.4m. Delivery to the undisclosed buyer is expected in the fourth quarter of 2025. The deal for the 165,000-dwt vessel, built at Hyundai Samho Heavy Industries, is in line with VesselsValue’s estimate, pricing the …
https://splash247.com/cmb-tech-banks-20m-from-suezmax-sale-as-fleet-renewal-rolls-on/
https://splash247.com/cmb-tech-banks-20m-from-suezmax-sale-as-fleet-renewal-rolls-on/Denmark-based Mibau Stema Group has signed up for two new self-unloading bulk carriers at Chengxi Shipyard in China. These newbuilds will be constructed to be biofuel- and methanol-ready as part of Mibau Stema’s strategic goal to enhance transport capabilities, increase operational versatility, and transition towards more sustainable shipping practices. The order was made in collaboration …
https://splash247.com/mibau-stema-grows-bulker-fleet-backed-by-hartmann-csl-venture/
https://splash247.com/mibau-stema-grows-bulker-fleet-backed-by-hartmann-csl-venture/Singapore's Keppel has initiated arbitration proceedings against local shipbuilder Seatrium for a S$68.4 million ($53.33 million) claim related to a corruption crackdown in Brazil, the companies said on Tuesday.In 2023, Seatrium had made provisions…
https://www.marinelink.com/news/keppel-seatrium-m-arbitration-case-brazil-529397
https://www.marinelink.com/news/keppel-seatrium-m-arbitration-case-brazil-529397“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth due to shorter sailing distances…
https://www.marinelink.com/news/tanker-vessel-market-bends-supply-demand-529401
https://www.marinelink.com/news/tanker-vessel-market-bends-supply-demand-529401