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Austal USA has been awarded a $450 million contract by General Dynamics Electric Boat to expand production capacity at its Mobile, Ala. shipyard in support of the U.S. Navy submarine industrial base (SIB).In 2022, Austal USA and Electric Boat, supported by the U.S.
https://www.marinelink.com/news/austal-usa-awarded-million-boost-capacity-517161
https://www.marinelink.com/news/austal-usa-awarded-million-boost-capacity-517161China’s steel and iron ore sectors are in an apparent state of disconnect, with steel output trending weaker but imports of the key raw material remaining firm. Production of crude steel slumped 6.1% in August from July, dropping to 77.92 million metric tons, according to data released by the National Bureau of Statistics on Saturday. ...
https://www.hellenicshippingnews.com/chinas-weak-steel-strong-iron-ore-imports-shaped-by-prices/
https://www.hellenicshippingnews.com/chinas-weak-steel-strong-iron-ore-imports-shaped-by-prices/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Tuesday as gains in the panamax segment offset losses in capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 5 points, or 0.3%, to ...
https://www.hellenicshippingnews.com/baltic-index-extends-gain-on-panamax-strength/
https://www.hellenicshippingnews.com/baltic-index-extends-gain-on-panamax-strength/Italian shipping magnate Emanuele Grimaldi has lifted his shareholding in the Norwegian car carrier player Höegh Autoliners. A filing to the Oslo Stock Exchange on Tuesday revealed Grimaldi owns about 10% of the Oslo-based company, strengthening his foothold as the second-largest shareholder in the operator of some 40 vessels, after the Höegh family. The head …
https://splash247.com/emanuele-grimaldi-strengthens-foothold-in-hoegh-autoliners/
https://splash247.com/emanuele-grimaldi-strengthens-foothold-in-hoegh-autoliners/PGE and Ørsted have signed a lease agreement with Polish firm Istrana to use the future T5 terminal in the Port of Gdansk for storage, pre-assembly, and offshore installation of turbine components for the Baltica 2 project. The lease will cover the period from the fourth quarter of 2026 when construction work is scheduled to …
https://splash247.com/orsted-pge-lease-port-of-gdansk-terminal-for-offshore-wind-farm-work/
https://splash247.com/orsted-pge-lease-port-of-gdansk-terminal-for-offshore-wind-farm-work/Japan-based Toray Industries has secured type approval from the American Bureau of Shipping (ABS) for the vacuum-assisted resin transfer molding (VaRTM) process for in-situ ship repairs, developed jointly with MODEC.The technique entails applying…
https://www.marinelink.com/news/abs-greenlights-torays-innovative-517126
https://www.marinelink.com/news/abs-greenlights-torays-innovative-517126The Philippines will continuously deploy vessels in the contested Sabina Shoal in the South China Sea, its coast guard said on Monday after a Philippine ship returned to port after a five-month deployment there."We will sustain presence over these waters…
https://www.marinelink.com/news/philippines-maintain-vessel-presence-517128
https://www.marinelink.com/news/philippines-maintain-vessel-presence-517128Marine towage provider Svitzer announced it has inked a deal Turkish shipbuilder Uzmar to build a world-first battery-methanol tug for scheduled delivery in the second half of 2025.Designed in collaboration with naval architect Robert Allan Ltd…
https://www.marinelink.com/news/svitzer-orders-worlds-first-517131
https://www.marinelink.com/news/svitzer-orders-worlds-first-517131The Danube River was closed to all shipping traffic in Austria on Tuesday due to severe flooding, according to APA news agency, citing the Austrian transport ministry.Central Europe is grappling with widespread flooding that has disrupted shipping and resulted in at least 21 fatalities.
https://www.marinelink.com/news/danube-river-closed-shipping-austria-amid-517133
https://www.marinelink.com/news/danube-river-closed-shipping-austria-amid-517133The SL-7 was a class of high-speed steam containerships built for SeaLand in the early 1970s, operating at speeds in excess of 33 knots. These ships were later converted to the Algol-class Fast Sealift Ships due to high fuel consumption.Rik van Hemmen…
https://www.marinelink.com/news/a-modest-proposal-a-museum-history-517134
https://www.marinelink.com/news/a-modest-proposal-a-museum-history-517134