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Diamond Gas Jade, a 174,000-cu.-m. Liquefied Natural Gas (LNG) carrier invested by a joint venture under U-Ming Marine Transport Corp., held its grand naming ceremony on May 19 at the Samsung Heavy Industries Geoje Shipyard. Built by Samsung Heavy Industries…
https://www.marinelink.com/news/k-lng-vessel-christened-board-approves-539425
https://www.marinelink.com/news/k-lng-vessel-christened-board-approves-539425Bollinger Shipyards announced the retirement of Rich Murphy as Vice President and General Manager of Bollinger Houma Shipyards and the appointment of Mark Matta Sr. as his successor, effective this week.Houma Shipyards is one of Bollinger's flagship facilities…
https://www.marinelink.com/news/matta-steps-lead-bollinger-houma-539428
https://www.marinelink.com/news/matta-steps-lead-bollinger-houma-539428Lincoln Electric introduced the AlumaFab aluminum MIG welding system, a purpose-built solution designed to simplify and optimize high-volume aluminum welding. Developed through a partnership with MK Products, the AlumaFab system combines wire feeding with proven power source and waveform technology…
https://www.marinelink.com/news/lincoln-electric-debuts-aluminum-mig-539430
https://www.marinelink.com/news/lincoln-electric-debuts-aluminum-mig-539430Lloyd’s Register (LR) has helped establish a new industry consortium aimed at ending the fragmented way container stowage and lashing data is shared across the sector. The Lashing Exchange Format (LXF) Consortium brings together major classification…
https://www.marinelink.com/news/lloyds-register-launches-lxf-consortium-539432
https://www.marinelink.com/news/lloyds-register-launches-lxf-consortium-539432Today, Wednesday, May 20 2026, the Baltic Dry Index decreased by 49 points, reaching 3005 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-3005-down-49-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-3005-down-49-points/Italy’s Next Geosolutions has won a contract from TenneT worth €9m ($10.4m) for marine survey activities in the Voordelta – Nederwiek 3 offshore wind area. The work will assess the technical feasibility of a cable corridor, identify any seabed obstacles, and support the design and engineering phases of the infrastructure. Specifically, operational activities will include …
https://splash247.com/next-geo-wins-survey-campaign-for-offshore-wind-cable-route-in-dutch-waters/
https://splash247.com/next-geo-wins-survey-campaign-for-offshore-wind-cable-route-in-dutch-waters/LS Cable & System and LS Marine Solutions have been selected as the preferred bidders for the supply and installation of submarine cables for the Haesong offshore wind farm, South Korea’s largest offshore wind development. The two companies will carry out the entire process, from design to the production and laying of cables. The Haesong …
https://splash247.com/ls-duo-picked-for-cabling-work-on-south-koreas-biggest-offshore-wind-farm/
https://splash247.com/ls-duo-picked-for-cabling-work-on-south-koreas-biggest-offshore-wind-farm/Even though near-term uncertainty in the jackup market remains elevated due to the continued closure of the Strait of Hormuz, the conflict may also provide tailwinds for the sector in the long term. Before the recent Middle East conflict, jackup rig markets were showing some more positive signs, supported by firmer requirements from Aramco. In …
https://splash247.com/strait-of-hormuz-crisis-clouds-jackup-recovery-outlook/
https://splash247.com/strait-of-hormuz-crisis-clouds-jackup-recovery-outlook/Spanish shipowner Ibaizabal Group has returned to the suezmax newbuilding market after more than a decade, with the tanker owner linked to a fresh order at China’s Hengli Heavy Industries. Multiple shipbuilding sources said the group’s tanker arm, Ibaizabal Tankers, has contracted at least two 158,000 dwt crude carriers at the Dalian-based builder for delivery …
https://splash247.com/ibaizabal-heads-back-to-suezmax-newbuilds/
https://splash247.com/ibaizabal-heads-back-to-suezmax-newbuilds/Andrew Craig-Bennett on what Iran can learn from the kings who monetised the Baltic. “History doesn’t repeat itself, but it often rhymes” Mark Twain The Strait of Hormuz has been pretty much closed for more than 80 days now. Iran wants to control the strait and charge a toll. The US doesn’t want them to. …
https://splash247.com/strait-cash-iran-revives-a-centuries-old-maritime-business-model/
https://splash247.com/strait-cash-iran-revives-a-centuries-old-maritime-business-model/