Capesize carries Baltic Index to One-month High
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Monday on the back of higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points at 1,093 points, its highest level since Dec. 11.The capesize index rose 167 points to 1,615 points, a six-week peak.
Finland: Tanker Sabotage Crew poised to cut cables when caught
Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month, the head of the Finnish investigation said.Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022. Leaders…
Panama Canal Slots Going Unfilled
The average number of vessels that passed through the Panama Canal in December increased to 34.2 per day, according to a notice from its authority seen on Monday, but the waterway did not fill all the slots on offer, a sign that some ships continue taking alternative routes.The canal, the world's second busiest and the only interoceanic way that operates with freshwater, between August and September…
HII Christens Amphibious Vessel Harrisburg (LPD 30)
HII has christened San Antonio-class amphibious transport dock Harrisburg (LPD 30) at the company’s Ingalls Shipbuilding division.“Today is more than just a christening; it is a celebration of craftsmanship, commitment and the enduring purpose of the work we do every day at Ingalls,” Ingalls Shipbuilding President Brian Blanchette said. “Like its namesake, Harrisburg — with its rich history of strength…
Tanker hit by Houthis salvaged, Red Sea disaster averted
A risky operation to salvage an oil tanker attacked by Houthi militants in the Red Sea and avert what could have been one of the largest oil spills in recorded history has been completed…
Brig USA, Fluid Marine name Herndon President
Brig USA and Fluid Marine announced today that Carl Herndon was recently named company President.Herndon will lead Brig USA’s recreational Rigid Hull Inflatable Boat (RHIB) division as well as Fluid Marine’s Patrol, Search and Rescue (SAR) and Swift Water Rescue (SWR) boat sales and production.Herndon joins Brig and Fluid as the company expands its market reach, providing Brig recreational RHIBs via nationwide dealers and Fluid patrol boats to state…
Fairbanks Morse wins POs from Austal USA
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has received POs from Austal USA to provide critical equipment for the U.S. Navy’s next-generation TAGOS-25 program.Through Fairbanks Morse Defense businesses American Fan, Federal Equipment Company (FEC), Maxim Watermakers, and Welin Lambie, the defense supplier will deliver and install fundamental systems…
Ostseestaal/Ampereship will build all-electric ferry
Stralsunder Ostseestaal GmbH & Co. KG has been commissioned by Hafenprojektgesellschaft Helgoland mbH with the development and construction of an all-electric ferry.The so-called dune ferry will connect the German North Sea island of Heligoland with the neighbouring island of Dune. It will replace the ‘Witte Kliff’ ferry, which has been operating on the approximately one kilometre-long route since 1997 and is powered by conventional marine fuel.
An (Electric) Jolt for the Passenger Vessel Industry
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders. Older fleet vessels, some approaching financial and operational obsolescence – also…
Fincantieri and Hera Group Set Up Unit for Shipyards Waste Management
Fincantieri and Hera Group have established CircularYard, a new company aimed at developing an innovative integrated waste management system in Fincantieri's eight Italian shipyards with an approach based on the circular economy.The result of a partnership between the multi-utility and the leading global shipbuilding company, the new company aims to oversee and improve the entire waste management process at all Fincantieri shipyards in Italy and…
Newbuild Tug Joins McAllister Towing’s Fleet
New-York-based McAllister Towing and Transportation Company has welcomed a newbuild tractor tug to its fleet under the name of Isabel McAllister.The christening and the launch ceremony for the newbuild tug took place earlier in January, according to an update shared by Brian Buckley McAllister, President at McAllister Towing.Built by Washburn and Doughty Associates, the tug is rated at 6,770 horsepower…
Glamox to Illuminate Fjord1’s Autonomous Ferries
Lighting solutions specialist Glamox has booked a contract to light four Fjord1’s autonomous-ready ferries, expected to be the first in the world to operate independently of human intervention.Glamox was awarded the lighting contract from Tersan Shipyard in Turkey where the vessels are being built for the Norwegian operator Fjord1.The company will provide a total of approximately 2,160 marine-certified lights to light the interior and exterior of the four vessels.For each ferry…
Russia Accuses Ukraine for Attempted Attack on TurkStream Gas Pipeline
Russia said on Monday it had downed nine Ukrainian drones that tried to attack part of the infrastructure of the TurkStream gas pipeline, through which Russian gas flows to Turkey and Europe.The Russian defence ministry said the attack was aimed against a compressor station in the Krasnodar region of southern Russia, but the facility was working normally and there were no casualties.Reuters could not independently confirm the incident…
Scienco/FAST, UniBallast Parnter to Launch the InTankFITT Container BWTS
Scienco/FAST and UniBallast, B.V. launched the portable InTankFITT Container, a containerized version of its filterless Ballast Water Treatment System (BWTS), InTank.Designed to address the growing regulatory and operational challenges in ballast water management, this solution is designed to be:Compact and Portable Design: The containerized system is preassembled and housed within a shipping container…
ST Engineering Inks Deal to Build W2W Vessel
ST Engineering has signed a shipbuilding contract for the design and construction of a Walk-to-Work (W2W) vessel for an unnamed oil and gas company.The contracts marks ST Engineering’s expansion into the market for specialized vessels supporting offshore operations.The W2W vessel will be 97 meters in length and able to accommodate 106 persons. It will feature an advanced motion-compensated gangway to ensure safe personnel transfers in varying sea conditions…
Solstad Offshore’s CSV Gets Multi-Year Contract
Norwegian offshore vessel owner Solstad Offshore has been awarded a three-year contract with an international contractor for its construction support vessel (CSV) Normand Frontier.The firm contract has an immediate startup and will keep the Normand Frontier fully committed until end 2027, Solstad Offshore said.No additional details about the client or the value of the contract have been disclosed, except that the vessel will support the client’s operations worldwide.As part of the charter party…
DEME, Van Oord Secure Offshore Wind Work in Taiwan
DEME and Van Oord have secured separate contracts from Copenhagen Infrastructure Partners (CIP) for installation works at the 500 MW Fengmiao 1 offshore wind farm in Taiwan.DEME, through its Taiwanese joint venture CDWE, has been awarded a substantial contract for the transport and installation of foundations and the offshore substation for the Fengmiao 1 offshore wind farm in Taiwan.For DEME, substantial…
Ship Recycling Market Likely to Remain Volatile in 2025
The recycling traffic in both India and Bangladesh continued to surprise and impress (especially in India), in week 2 of 2025, reports cash buyer GMS.“The pre-existing state of global economies also continues to persist in the wake of the unfolding present as the U.S. Dollar continues to hammer recycling nation currencies marking noteworthy increases by the week,” says GMS.The steel prices affecting the ship recycling markets…
Vietnamese General Cargo Ship Sinks, Crew Rescued
All 18 crew of a Vietnam-registered general cargo ship have been rescued after their vessel sank off Singapore.The Hong Kong registered container ship Nicolai Maersk received a distress call from the Dolphin 18 on January 11 around 7:00am (Singapore Time).The Dolphin 18 was reported to be about 274 nautical miles southwest of Vung Tau, Vietnam, and the Nicolai Maersk arrived on the scene shortly afterwards…
Brazil’s President Authorizes Offshore Wind Development
Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.The new law foresees incentives for the development of offshore energy projects in Brazilian territorial waters, the statement said.Offshore wind speeds tend to be faster and steadier than on land…
