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Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally…
https://www.marinelink.com/news/seatrium-maersk-offshore-wind-head-531382
https://www.marinelink.com/news/seatrium-maersk-offshore-wind-head-531382HikoTerra, a leader in mobile integrated power solutions, officially ushered in the next generation of marine power with the introduction of the H4 Hybrid Power System. The H4 product line is designed as a battery-first system flexible enough to deliver a home-like user experience.
https://www.marinelink.com/news/hikoterra-introduces-h-hybrid-power-531349
https://www.marinelink.com/news/hikoterra-introduces-h-hybrid-power-531349In a landmark step toward maritime decarbonization, Anew Climate (Anew) and Seaspan Energy (Seaspan) have successfully completed their first ship-to-ship loading operation of renewable liquefied natural gas (Bio-LNG) in the Port of Long Beach…
https://www.marinelink.com/news/anew-climate-seaspan-energy-complete-531353
https://www.marinelink.com/news/anew-climate-seaspan-energy-complete-531353NYK and NYK Ship management Pte. Ltd. (NYKSM) conducted a drill on October 17 that simulated a response to an accident off the coast of Okinawa Island.The exercise featured a scenario in which a fire broke out in the cargo hold of a car carrier owned and operated by NYK and managed by NYKSM.
https://www.marinelink.com/news/nyk-conducts-crisisresponse-drill-car-531354
https://www.marinelink.com/news/nyk-conducts-crisisresponse-drill-car-531354Vessev announced the VS–Drive, a podded propulsion system that stands to redefine electric marine performance. As the latest innovation from Vessev, which designs and builds commercial-grade electric hydrofoiling vessels, the VS–Drive is a submersible…
https://www.marinelink.com/news/vessev-launches-vsdrive-propulsion-system-531355
https://www.marinelink.com/news/vessev-launches-vsdrive-propulsion-system-531355BY Captain Bobbie Scolley, U.S. Navy (ret.) and Rear Admiral Tim Gallaudet, U.S. Navy (ret.)For more than six decades, spanning from 1905 to the late 1970s, the U.S. Navy’s diving apparatus for deep ocean operations and salvage remained fundamentally unchanged.
https://www.marinelink.com/news/years-women-navy-diving-advancing-531365
https://www.marinelink.com/news/years-women-navy-diving-advancing-531365BHP Group on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element slightly missed estimates on maintenance works at Port Hedland. “Overall macro-economic signals for commodity demand remain resilient, and global growth forecasts are moving higher,” said CEO ...
https://www.hellenicshippingnews.com/bhp-bets-on-iron-ore-resilience-despite-china-slowdown-q1-output-misses/Iron ore futures prices traded largely within a tight range on Tuesday, as investors shifted focus to a meeting of China’s top leadership that will chart the economic policy of the world’s second-largest economy for the next five years. The Communist Party leadership’s four-day closed-door meeting that began on Monday is expected to culminate with ...
https://www.hellenicshippingnews.com/iron-ore-steady-with-chinas-key-meeting-in-focus/
https://www.hellenicshippingnews.com/iron-ore-steady-with-chinas-key-meeting-in-focus/Cosco Shipping Bulk Co Ltd placed an order for 15 multipurpose grain transport ships on Oct 16, marking the largest single order of its kind, according to the vessels’ builder China State Shipbuilding Corp’s Shanghai Marine Equipment Research Institute. The record grain transport ship order was placed on the day that also marked World Food ...
https://www.hellenicshippingnews.com/chinese-shipping-firm-places-record-order-for-grain-transport-vessels/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, ticked up on Tuesday, supported by gains in capesize and panamax vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 23 points, or 1.1%, at 2,094 points. The capesize index ...
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-capesize-and-panamax-vessel-strength/
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-capesize-and-panamax-vessel-strength/