The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, notched up its biggest daily jump in seven months, powered mostly by a 43% jump in the larger capesize segment. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, rose 152 points, or 12.1%, its …
Capesize bounce propels Baltic index to best day in 7 months Read More »
International Registries, Inc. and its affiliates (IRI) recently formalized its Corporate Services Group (CSG) under the leadership of Theo Xenakoudis. Theo was promoted to Chief Commercial Officer earlier this year to expand client support and business opportunities in markets around the world The formalized CSG follows the example of IRI’s Maritime Service Group, which gathers …
International Registries: Formalizing the Corporate Services Group Read More »
The wait is finally over. Lucky visitors to our stand at The Materials Testing Exhibition earlier this month, were first to see the much anticipated, new Cygnus Ex-certified product in the flesh. Now, it’s time to reveal what the new Cygnus 1 Ex Intrinsically Safe Ultrasonic Thickness Gauge is all about! This rugged, IP67-rated, intrinsically-safe …
Cygnus Releases a Brand New Ex Certified Thickness Gauge! Read More »
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment, announced that it has expanded its fleet with the purchase of a high-specification 2015-built scrubber-fitted Ultramax bulkcarrier for USD 27.5 million. The vessel, which was constructed at Imabari Shipbuilding Co., Ltd. in Japan, will be renamed the M/V Tokyo …
Eagle Bulk Shipping Inc. Adds Capacity – Acquires Modern Ultramax Bulkcarrier Read More »
World-leading global Freight Forwarding specialists Peters & May has continued to strengthen during the first six months of 2022 despite market challenges caused by the ongoing impact of Covid-19 and the conflict in Ukraine. The Peters & May marine team, headquartered in the UK and represented by ten offices worldwide, has overseen just short of …
Peters & May Reports Continued Growth and New Appointments Read More »
The demand for containerships is expected to increase by 10 percent as of 2023 as shipowners move forward with the implementation of the IMO 2023 regulations, BIMCO estimates. Meeting Energy Efficiency Existing Ship Index (EEXI) and achieving a good Carbon Intensity Indicator (CII) rating is a hot topic in the industry that is likely to impact …
BIMCO: Boxship demand to rise by 10 pct due to EEXI and lower sailing speeds Read More »
Marine propulsion specialist Rolls-Royce has received an order from the Spanish shipyard Armon to supply nine mtu hybrid propulsion packs for nine new ships of Italian high-speed maritime passenger transport company, Liberty Lines. Courtesy of Rolls-Royce The contract was signed during the SMM international shipping exhibition in Hamburg last week. The high-speed crafts are scheduled …
Rolls-Royce hybrid propulsion systems for Liberty Lines’ newbuilds Read More »
Swiss underwater robotics company Hydromea and Scotland’s remote technology specialist Air Control Entech (ACE) have entered into a service partnership agreement to commercialize what is said to be the world’s first wireless remotely operated underwater vehicle (ROV) for inspections at offshore floating platforms. Under the deal, ACE will promote and use Hydromea’s EXRAY wireless ROV …
Commercialization deal signed for first-ever wireless underwater ROV Read More »
As demand for marine fuel solutions increases, oil and shipping company Monjasa has acquired Monjasa Shaker, a 9,600 dwt oil and chemical tanker, to be deployed for cargo and bunkering operations in the Arabian Gulf. According to the company, the vessel allows onboard product blending and is capable of supporting its biodiesel supplies across the …
Monjasa adds new tanker to bolster Middle East bunkering operations Read More »
ABS has awarded approval in principle to Sea Machines and Foss Maritime for their vessel autonomy system, the SM300, that provides autonomous navigation and collision detection and collision avoidance (CDCA). Foss plans to install Sea Machines’ SM300 system on board its harbor tug Rachael Allen to enhance safety and efficiency of operations. Overall, the system …
ABS grants AiP to Rachael Allen’s autonomy system Read More »
