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The work of Australia's defence force to protect its sea trade routes, including through the South China Sea, is becoming more risky as Beijing undertakes the "biggest military build-up in the world today", Australia's defence minister said on Tuesday.Open sea lanes…
https://www.marinelink.com/news/australia-chinas-military-buildup-demands-531959
https://www.marinelink.com/news/australia-chinas-military-buildup-demands-531959Austal Australia has received Approval in Principle (AiP) from classification society DNV, for their Autonomous and Remotely Operated Ships (AROS) Platform Controller.The AROS Controller, designed and developed by Austal at Henderson, Western Australia…
https://www.marinelink.com/news/austal-receives-aip-autonomy-controller-531960
https://www.marinelink.com/news/austal-receives-aip-autonomy-controller-531960Newlight has completed Factory Acceptance Testing (FAT) for its hydrogen retrofit package for two- and four-stroke main engines.The system allows existing diesel engines to operate on a blend of hydrogen and conventional fuel, reducing carbon…
https://www.marinelink.com/news/newlight-completes-rina-fat-hydrogen-531961
https://www.marinelink.com/news/newlight-completes-rina-fat-hydrogen-531961HII appointed Tim Taylor as vice president of engineering, technology and design at its Newport News Shipbuilding division.Taylor, a U.S. Navy veteran, has served NNS for 29 years in positions of increasing responsibility, including work control, submarine ship’s safety and sea trial coordination.
https://www.marinelink.com/news/hii-names-taylor-leading-vessel-design-531962
https://www.marinelink.com/news/hii-names-taylor-leading-vessel-design-531962Washington State Ferries reported that its 17-vessel service was dinged by the removal of the ferry Wenatchee, which has been taken out of service due to a mechanical issue involving one of its electrical subsystems discovered last week.According to WSF…
https://www.marinelink.com/news/electrical-issue-takes-wsfs-wenatchee-531963
https://www.marinelink.com/news/electrical-issue-takes-wsfs-wenatchee-531963Expansion into Harbor Tug sector helps Master Boat Builders nearly double in size, from 200 to 400 employees building eight to nine vessels per year, and the prospect of a new drydock plus additional partnerships and government construction contracts promises to power the company forward further…
https://www.marinelink.com/news/master-boat-builders-a-family-shipyard-531964
https://www.marinelink.com/news/master-boat-builders-a-family-shipyard-531964Stena Line strengthened its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland.“It is with great joy and enthusiasm that we at Stena Line…
https://www.marinelink.com/news/stena-line-acquires-wasaline-531965
https://www.marinelink.com/news/stena-line-acquires-wasaline-531965Iron ore futures prices softened on Monday, weighed down by declining steel production in China, rising port inventories, and concerns over weakening downstream demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 1.82% to 782.5 yuan($109.86) a metric ton. The benchmark December iron ore on the Singapore Exchange was 1.59% ...
https://www.hellenicshippingnews.com/iron-ore-slips-on-declining-steel-production-rising-inventories-in-china/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, fell to a more than three-week low on Monday, pressured by weaker vessel rates across all segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1.1%, to 1,945 points, its ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-three-week-low-as-vessel-rates-weaken-across-segments/New York-listed shuttle tanker owner KNOT Offshore Partners (KNOP) has received a buyout proposal from its parent company, Knutsen NYK Offshore Tankers AS (KNOT), aiming to acquire all publicly held common units and take the New York-listed partnership private. The unsolicited, non-binding offer proposes a cash consideration of $10 per common unit, to be executed …
https://splash247.com/knot-moves-to-take-knot-offshore-partners-private/
https://splash247.com/knot-moves-to-take-knot-offshore-partners-private/