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Nasdaq-listed Greek bulker owner United Maritime has marked its entry into the offshore support segment with an investment in newbuild energy construction vessel (ECV). The Stamatis Tsantanis-led spinoff of Seanergy Maritime has acquired a minority stake in a Norwegian-based vehicle that will see the ECV earmarked for offshore wind and subsea markets delivered in the …
The U.S. Coast Guard is heading up efforts to raise a 1940s era wooden fishing vessel that sank during a winter storm in the New Meadows River in Harpswell, Maine, on January 10, 2024. Officials said the 83-foot vessel Jacob Pike is deemed a…
https://www.marinelink.com/news/coast-guard-remove-jacob-pike-wreck-maine-515715
https://www.marinelink.com/news/coast-guard-remove-jacob-pike-wreck-maine-515715Electric motor startup H3X on Tuesday announced it has raised $20 million through an oversubscribed Series A round led by Infinite Capital, with participation from Hanwha Asset Management, Cubit Capital, Origin Ventures, Industrious Ventures…
https://www.marinelink.com/news/electric-motor-startup-hx-raises-million-515720
https://www.marinelink.com/news/electric-motor-startup-hx-raises-million-515720Inadequate operating company guidance on underkeel clearance led to the April 2023 grounding of a bulk carrier in Lake Huron, the National Transportation Safety Board (NTSB) said Tuesday.The 667-foot-long, self-unloading bulk carrier John J…
https://www.marinelink.com/news/bulk-carrier-grounded-due-inadequate-515723
https://www.marinelink.com/news/bulk-carrier-grounded-due-inadequate-515723The Michigan Department of Transportation (MDOT) has revealed the winners of the 2024 Michigan Maritime and Port Facility Assistance Grant Program, which will allocate $5 million to maritime projects throughout the state.The five chosen projects aim to enhance Michigan's maritime infrastructure…
https://www.marinelink.com/news/michigan-awards-million-maritime-515724
https://www.marinelink.com/news/michigan-awards-million-maritime-515724Port Angeles, Wash. shipbuilder BRIX Marine announced it has delivered a new whale watching tour vessel for Alaska Whale Watching, operating out of Auke Bay, Alaska.The 5217-CTC aluminum catamaran Quinn Starr—part of the builder's PaxCat portfolio…
https://www.marinelink.com/news/brix-marine-delivers-whale-watching-515725
https://www.marinelink.com/news/brix-marine-delivers-whale-watching-515725Iron ore futures prices drifted lower on Tuesday as wider losses induced production cuts among steelmakers in top consumer China and lingering high portside inventories weighed on sentiment. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 bucked the recent uptrend to slide 1.42% to 763 yuan ($106.78) a metric ton ...
https://www.hellenicshippingnews.com/iron-ore-drifts-lower-as-falling-near-term-demand-high-stocks-weigh/United Maritime Corporation, announced yesterday its financial results for the second quarter and six months ended June 30, 2024. The Company also declared a quarterly dividend of $0.075 per common share for the second quarter of 2024. For the quarter ended June 30, 2024, the Company generated Net Revenues of $12.4 million compared to $10.0 ...
https://www.hellenicshippingnews.com/united-maritime-returns-to-profitability-during-the-second-quarter/Seanergy Maritime Holdings Corp., announced yesterday its financial results for the second quarter and six months ended June 30, 2024. The Company also declared a quarterly cash dividend of $0.25 per common share for the second quarter of 2024 and announced an updated dividend policy targeting the distribution of approximately 50% of operating cash flow ...
https://www.hellenicshippingnews.com/capesize-strategy-pays-off-as-seanergy-maritime-reports-record-first-half-results/China, the behemoth of global coal trade, continues to defy trade expectations, according to the International Energy Administration’s Coal Mid-Year Update. Despite brimming stockpiles, the nation’s coal imports surged by 12% in the first half of 2024. While a slowdown is anticipated for the remainder of the year, China’s insatiable appetite has far-reaching implications for ...
https://www.hellenicshippingnews.com/coal-trade-reshaped-by-asian-demand/
https://www.hellenicshippingnews.com/coal-trade-reshaped-by-asian-demand/