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German propulsion specialist SCHOTTEL has introduced a new submersible auxiliary thruster designed to improve maneuverability and positioning accuracy for crewed and uncrewed underwater vehicles, including submarines.The SCHOTTEL PumpJet Submersible…
https://www.marinelink.com/news/schottel-unveils-new-thruster-submarines-544069
https://www.marinelink.com/news/schottel-unveils-new-thruster-submarines-544069Today, Monday, Novenber 2 2026, the Baltic Dry Index decreased by 66 points, reaching 2648 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-2648-down-66-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2648-down-66-points/Dry bulk shipping could be approaching a generational freight rate rally as surging West African mineral exports transform tonne-mile demand, according to shipowners speaking at last week’s Maritime CEO Forum in Monaco, although concerns remain over the rapid expansion of Chinese shipbuilding capacity. John Michael Radziwill, chairman of CTM, argued that 2026 had exceeded expectations …
https://splash247.com/maritime-ceo-forum-dry-bulk-owners-eye-generational-rate-rally/
https://splash247.com/maritime-ceo-forum-dry-bulk-owners-eye-generational-rate-rally/The Tanzanian-flagged general cargo ship AS Dream, which remains listed in the ILO/IMO seafarer abandonment database, has been involved in a sinking incident off Cyprus, with all 10 crew members rescued. Cyprus’s Joint Rescue Coordination Centre received an alert at 20:15 on Friday after the vessel was reported sinking approximately 90 nautical miles west of …
https://splash247.com/general-cargo-ship-in-unresolved-abandonment-case-found-sinking-off-cyprus/
https://splash247.com/general-cargo-ship-in-unresolved-abandonment-case-found-sinking-off-cyprus/China’s Ningbo Ocean Shipping is preparing another major fleet expansion, unveiling plans to lease eight new vessels under agreements carrying potential rental commitments of up to RMB10.3bn ($1.53bn). The Shanghai-listed carrier said the proposed programme covers four 7,000 teu containerships, two 14,000 teu vessels and two 7,000 ceu pure car and truck carriers, with lease …
https://splash247.com/ningbo-ocean-maps-1-5bn-eight-ship-leasing-expansion/
https://splash247.com/ningbo-ocean-maps-1-5bn-eight-ship-leasing-expansion/A new federation bringing together Indian seafarer unions, welfare organisations and maritime charities has been established in Chennai with plans to coordinate action on crew abandonment, unpaid wages and seafarer safety. The International Transport Employees Federation (ITEF) was formed on October 31 following a meeting of representatives from across India, participating both in person and …
https://splash247.com/new-seafarers-federation-launched-in-india/
https://splash247.com/new-seafarers-federation-launched-in-india/Russia has formally put proposed restrictions on ageing merchant ships out for public consultation, seeking to bar foreign-flagged vessels older than 40 years from its ports as Moscow tightens oversight of the fleet carrying its seaborne trade. The transport ministry published the draft legislation, proposing a separate 50-year threshold for Russian-flagged ships, with transitional arrangements …
https://splash247.com/russia-moves-to-bar-ageing-foreign-ships-from-its-ports/
https://splash247.com/russia-moves-to-bar-ageing-foreign-ships-from-its-ports/Commercial shipping has come under renewed attack in and around the Strait of Hormuz over the weekend, with tankers and an LNG carrier targeted as Washington and Tehran exchange increasingly belligerent warnings despite fresh diplomatic efforts to end the eight-month conflict. In the latest incident, a tanker sailing southeast through the Arabian Gulf was struck …
https://splash247.com/hormuz-attacks-spread-deeper-into-the-gulf/
https://splash247.com/hormuz-attacks-spread-deeper-into-the-gulf/Mediterranean Shipping Co (MSC) has been linked to another three LNG dual-fuel megamax containerships at China’s Shanghai Waigaoqiao Shipbuilding (SWS), expanding its series at the CSSC-owned yard to 13 vessels. Shipbroking sources place the latest 21,700 teu newbuildings at around $210m apiece, valuing the additional investment at approximately $630m and adding another 65,100 teu to …
https://splash247.com/msc-adds-three-more-megamaxes-at-waigaoqiao/
https://splash247.com/msc-adds-three-more-megamaxes-at-waigaoqiao/The global shipbuilding orderbook has surpassed its pre-financial crisis record, with the world’s yards set to eclipse their previous production peak next year and expand output still further in 2028. New figures from Clarksons Research put the backlog at 226.1m compensated gross tonnes (cgt) in October, edging past the September 2008 record of 225.5m cgt. …