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In 2021, nearly 500 million tons of goods valued at more than $158 billion moved on the U.S. inland waterways system, which includes a vast network of 12,000 miles of connecting waterways and 219 locks. The U.S. Department of Transportation…
https://www.marinelink.com/news/us-inland-waterways-economic-impact-state-513309
https://www.marinelink.com/news/us-inland-waterways-economic-impact-state-513309McAllister Towing recently ordered a Markey Machine winch and capstan for the fourth ASD tug of a class-build series being constructed at Washburn & Doughty Associates.Markey is providing a DEPCF-52-75 Class II bow hawser winch, which includes the Markey Render/RecoverⓇ system…
https://www.marinelink.com/news/mcallister-chooses-markey-winches-newest-513310
https://www.marinelink.com/news/mcallister-chooses-markey-winches-newest-513310Dredging of the Cleveland Harbor federal navigation channel by the U.S. Army Corps of Engineers, Buffalo District and its contractor, Michigan-based Ryba Marine Construction Co., will begin in May. Dredging of harbors like Cleveland’s ensures accessible depths for large vessels…
https://www.marinelink.com/news/usace-dredge-cleveland-harbor-513311
https://www.marinelink.com/news/usace-dredge-cleveland-harbor-513311Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of pre-holiday restocking by steelmakers ahead of May Day. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.51% down at 874.50 yuan ($120.69) a metric ton, having risen by ...
https://www.hellenicshippingnews.com/iron-ore-retreats-on-weak-chinese-industrial-data/
https://www.hellenicshippingnews.com/iron-ore-retreats-on-weak-chinese-industrial-data/The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker demand across all vessel segments, with rates for capesize vessels hitting its lowest level in nearly three months. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 37 points, or 2.2%, to 1,684. The ...
https://www.hellenicshippingnews.com/baltic-index-slips-for-6th-day-on-weaker-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-slips-for-6th-day-on-weaker-vessel-rates/Malaysian offshore services provider Sapura Energy has been awarded a contract to provide pan-Malaysia underwater services for the Petronas group of companies and petroleum arrangement contractors. The company said in a stock exchange filing that its subsidiary Sapura Subsea Services had won the contract from PTTEP Sabah Oil, which will run until February 21, 2029. …
https://splash247.com/sapura-energy-seals-five-year-subsea-services-deal/
https://splash247.com/sapura-energy-seals-five-year-subsea-services-deal/Swiss-based marine construction specialist Allseas has won a contract to transport and install two substations for the Gennaker offshore wind farm in the German Baltic Sea, developed by transmission operator 50Hertz. Awarded by the Dutch-Belgian HSI consortium – HSM Offshore Energy, Smulders and Iv – the contract covers the Gennaker West and East converter platforms, …
https://splash247.com/allseas-awarded-baltic-sea-wind-farm-contract/
https://splash247.com/allseas-awarded-baltic-sea-wind-farm-contract/Norwegian bulker owner Belships has divested its stake of 50% in Lighthouse Navigation against a cash consideration which will be paid to Belships over the next 15 months. As part of the transaction, Belships has acquired 33% of the shares in Lighthouse Navigation Management, increasing Belships’ ownership to 67%. Closing of the transaction has been …
https://splash247.com/belships-sells-stake-in-lighthouse-navigation/
https://splash247.com/belships-sells-stake-in-lighthouse-navigation/German owner Schoeller Holdings has ordered two 32,000 dwt heavylift multi-purpose vessels (MPVs) from the CSSC-affiliated Huangpu Wenchong Shipbuilding. The 32,000 dwt heavylift MPV duo will be the largest tonnage built by the shipbuilder at present. The vessels will be 179.9 meters long, and 30 meters wide with a draft of 15.5 meters as well …
https://splash247.com/schoeller-holdings-orders-two-multipurpose-heavylift-ships-from-china/
https://splash247.com/schoeller-holdings-orders-two-multipurpose-heavylift-ships-from-china/QatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels, marking a significant addition to its LNG fleet expansion program.The new vessels, with a capacity of 271…
https://www.marinelink.com/news/qatarenergy-places-b-order-lng-vessels-513289
https://www.marinelink.com/news/qatarenergy-places-b-order-lng-vessels-513289