Baltic Index Snaps 9-day Winning Streak on Weaker Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, tumbled on Tuesday, snapping a nine-session winning streak, as capesize vessel rates dropped.
Hapag-Lloyd 2016 Profit Dips on Weaker Box Rates
FY operating profit down 66 pct and freight rates down 15.4 percent in 2016. Company says merger benefits, cost cuts help.
Maritime Cook Islands Technical Department Reconstituted
Maritime Cook Islands (“MCI”), the international ship registry, hassignificantly enhanced its technical department with a…
HMAS Canberra Sees the Eye of the Tiger
HMAS Canberra has achieved another aviation milestone embarking two Army Tiger Armed Reconnaissance Helicopters for the first time.
ECSA Takes Stand in GHG Emissions of Shipping
European Community Shipowners’ Associations (ECSA) regrets that European port and cargo interests have come out in favour…
Socio-Economic Impact of EU Shipping Industry Remains Solid
Adding supply chain and worker spending multiplier impacts, the shipping industry’s total employment contribution rises to…
Two New Builds Delivered to Subsea 7
Offshore engineering, construction and services company Subsea 7 said it has taken delivery two new builds: a heavy construction…
SSBN Launches Fleet Ballistic Missiles
An Ohio-class ballistic missile submarine assigned to Submarine Group 9 completed a Follow-on Commander's Evaluation Test (FCET) Feb.
USCG Awards Polar Icebreaker Contracts
The U.S. Coast Guard awarded five firm fixed-price contracts for heavy polar icebreaker design studies and analysis Wednesday.
Pioneering Spirit: Addressing Drive & Control Challenges
‘Lifting’ a 48,000-ton platform in the open ocean is no easy task; special Bosch Rexroth components and control systems on board the Pioneering
Vigor to Build 2 More San Francisco Ferries
Vigor said it was awarded the contract to build two additional ferries for WETA (the Water Emergency Transportation Authority) in San Francisco
Keel Laid for USS Frank E. Petersen
The keel of future guided-missile destroyer USS Frank E. Petersen, Jr. (DDG 121) was ceremoniously laid Feb.