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Depending on the ship type, the dry bulk shipping market tells a very different story so far this year. In its latest weekly report, shipbroker Xclusiv said that “now that summer has come to an end, it is a good moment to look back and assess how the dry bulk market evolved through the season, ...
https://www.hellenicshippingnews.com/dry-bulk-market-each-ship-class-is-telling-a-different-story/
https://www.hellenicshippingnews.com/dry-bulk-market-each-ship-class-is-telling-a-different-story/AI safety technology firm Captain’s Eye has completed its Series A funding round, bringing in backing from major shipping groups Eastern Pacific Shipping (EPS), MOL PLUS of Mitsui OSK Lines, and The Caravel Group. The investors, which collectively control or manage more than 1,700 ships, are supporting the company’s bid to scale its AI-powered video …
https://splash247.com/shipping-heavyweights-invest-in-ai-safety-firm-captains-eye/
https://splash247.com/shipping-heavyweights-invest-in-ai-safety-firm-captains-eye/NatPower Marine and Hong Kong-based shipowner Wah Kwong Maritime Transport have set up a joint venture to roll out large-scale shore power and vessel charging infrastructure across Asia. The new company, Wah Kwong NatPower, will start with projects in Hong Kong from 2026 before expanding into Greater China and North Asian markets. The aim is …
https://splash247.com/natpower-marine-and-wah-kwong-team-up-for-asian-port-electrification-push/
https://splash247.com/natpower-marine-and-wah-kwong-team-up-for-asian-port-electrification-push/Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price…
https://www.marinelink.com/news/secondhand-containership-prices-soar-face-529606
https://www.marinelink.com/news/secondhand-containership-prices-soar-face-529606The United States has told countries to reject a United Nations' marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S. and European officials and sources told Reuters.The Trump administration is looking to boost U.S.
https://www.marinelink.com/news/trump-administration-drops-gauntlet-un-529611
https://www.marinelink.com/news/trump-administration-drops-gauntlet-un-529611South Korea's pledge to invest $350 billion in strategic U.S. industries as part of a trade deal with Washington is likely to be led by state policy institutions that will provide funding on a case-by-case basis, the country's vice finance minister said.Under a trade deal struck in July to cap U.S.
https://www.marinelink.com/news/s-korean-invest-b-us-industries-including-529613
https://www.marinelink.com/news/s-korean-invest-b-us-industries-including-529613FarSounder, a leader in 3D Forward Looking Sonar (FLS) technology, has released its new web app with an intuitive user interface (UI). The highlight of this release is a powerful and integrative web app compatible with tablets and laptops, with…
https://www.marinelink.com/news/farsounder-introduces-d-sonar-web-529621
https://www.marinelink.com/news/farsounder-introduces-d-sonar-web-529621KVH Industries has announced that its advanced KVH linkHUB Media Server has received CREST Accreditation from CREST Cybersecurity, a not-for-profit organization that accredits companies with cybersecurity services, in areas such as security systems for confidentiality…
https://www.marinelink.com/news/kvh-linkhub-media-server-receives-crest-529625
https://www.marinelink.com/news/kvh-linkhub-media-server-receives-crest-529625Austal USA and Master Boat Builders, Inc. entered into a memorandum of understanding (MOU) establishing a strategic outsourcing partnership designed to expand U.S. shipbuilding capacity by increasing the ability of regional shipyards to take on large, complex programs for the U.S.
https://www.marinelink.com/news/master-boat-austal-ink-shipbuilding-deal-529627
https://www.marinelink.com/news/master-boat-austal-ink-shipbuilding-deal-529627US oil major ConocoPhillips has announced plans to lay off up to 25% of its workforce, as part of its cost-cutting measures. ConocoPhillips will be laying off between 20% and 25% of the company’s employees, and contractors will be impacted worldwide. The company had a global headcount of 11,800 workers as of December 31, 2024. …
https://splash247.com/conocophillips-to-lay-off-up-to-25-of-its-workforce/
https://splash247.com/conocophillips-to-lay-off-up-to-25-of-its-workforce/