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Italian state-controlled shipbuilding giant Fincantieri announced public finance expert Biagio Mazzotta has been appointed as chairman of its board of directors. The move follows the untimely death of General Claudio Graziano, who had been appointed…
https://www.marinelink.com/news/biagio-mazzotta-takes-fincantieri-515654
https://www.marinelink.com/news/biagio-mazzotta-takes-fincantieri-515654Crewmembers aboard a Washington State Ferries vessel helped to rescue three boaters and a dog after their small vessel capsized near Bremerton, Wash.The crew aboard Jumbo-class ferry Walla Walla rescued a person and a dog near the Bremerton terminal Tuesday evening…
https://www.marinelink.com/news/washington-state-ferries-crew-rescues-515655
https://www.marinelink.com/news/washington-state-ferries-crew-rescues-515655U.S. Navy leadership held a ribbon-cutting ceremony on July 30 to celebrate the modernization of Berth 6 at Portsmouth Naval Shipyard. The $35 million project marks a milestone in the ongoing Shipyard Infrastructure Optimization Program (SIOP)…
https://www.marinelink.com/news/us-navy-opens-upgraded-berth-portsmouth-515657
https://www.marinelink.com/news/us-navy-opens-upgraded-berth-portsmouth-515657Salvors have lightered bulk diesel fuel from a luxury yacht that grounded on a reef just off Flamenco Beach in Culebra, Puerto Rico, the U.S. Coast Guard said.The 72-foot sailing catamaran Obsession was reportedly traveling with four people…
https://www.marinelink.com/news/fuel-removed-yacht-struck-a-reef-puerto-515663
https://www.marinelink.com/news/fuel-removed-yacht-struck-a-reef-puerto-515663The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session losing streak on Friday, supported by gains in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 7 points, or 0.4%, to 1,675, after hitting over a ...
https://www.hellenicshippingnews.com/baltic-index-snaps-10-session-losing-streak-as-capesize-rates-gain/Crisis-hit Harland & Wolff, a British shipyard group, has been given a lifeline as it fights off going into administration. The company has reached a deal with its existing Wall Street lender Riverstone to expand its credit facility, on which it pays 14% interest, from £90m ($114.6m) to £110m. The shipyard group, famous for …
https://splash247.com/harland-wolff-secures-vital-loans-to-stave-off-administration/
https://splash247.com/harland-wolff-secures-vital-loans-to-stave-off-administration/A new shipping venture from the Prokopiou clan in Greece has emerged with brokers reporting a first LR1 purchase. Marielena Procopiou, the daughter of Greek tycoon George Prokopiou, is behind a new shipowning outfit named Akrotiri Tankers. The company quietly made its first purchase in May, adding the 2008-built, 77,000 dwt Hafnia Thames from Hafnia. The ship …
https://splash247.com/new-prokopiou-tanker-venture-emerges/
https://splash247.com/new-prokopiou-tanker-venture-emerges/Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for the design of a membrane LNG Carrier with Wind Challenger wind-assisted propulsion system.The AiP marks the world's first approval for an LNG carrier with a wind-assisted propulsion system…
https://www.marinelink.com/news/mol-secures-worlds-first-aip-lng-carrier-515641
https://www.marinelink.com/news/mol-secures-worlds-first-aip-lng-carrier-515641Australian authorities have made a major drug bust in Port Botany, uncovering a large shipment of methamphetamine in an inbound shipping container arriving from the United States.The discovery was made on July 22 when Australian Border Force…
https://www.marinelink.com/news/million-worth-meth-seized-port-botany-515645
https://www.marinelink.com/news/million-worth-meth-seized-port-botany-515645A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources…
https://www.marinelink.com/news/iranian-oil-link-complicate-insurance-515647
https://www.marinelink.com/news/iranian-oil-link-complicate-insurance-515647