The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 7%, or 151 points, to 2,014 points, its biggest one-day drop since January 31.
Siemens Gamesa Renewable Energy (SGRE) has received the firm order from the Danish energy company and offshore wind giant Ørsted for their 900MW Greater Changhua 1 & 2a offshore wind power project in Taiwan.The project includes the Asia-Pacific variant of the SG 8.0-167 DD offshore wind turbine and a service agreement.
In mid October 2018, ICDAS Turkey completed construction of its second Z-Tech 6500 tug, the KARA YUSUF-2, which will operate in Çanakkale Turkey. After successful construction and operation in 2011 of the ICDAS-19, the first Z-Tech 6500 tug of its fleet, ICDAS decided to build a second one.
The Hong Kong and Vancouver-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering (SHIME).Ship set to be fitted with a scrubber and will enter the market before the end of 2020, said a release from Valles, which was founded by C.S. Koo in Shanghai as a family business in 1917.
Bulk carrier operator Oldendorff Carriers has for the first time placed an order with ABB for Azipod electric propulsion systems for two newbuild dry bulk carriers.The self-unloading dry cargo transhipment vessels with 21,500 dwt capacity will be fitted with two 1.9 MW Azipod electric propulsion units each.
ABB enters new market segment with order to install Azipod electric propulsion on board two dry bulk carriers from Germany’s largest bulk carrier company Oldendorff Carriers.Two self-unloading dry cargo transshipment units will be the first bulk carriers in the industry to feature ABB’s Azipod electric propulsion.
Swiss-Swedish multinational corporation ABB has announced that it is entering a new market segment by installing Azipod electric propulsion systems on board two dry bulk carriers from Germany’s Oldendorff Carriers.Two self-unloading dry cargo transshipment units will be the first bulk carriers in the industry to feature ABB’s Azipod electric propulsion.
The Baltic Exchange's main sea freight index fell to a more than two-week low on Monday, weighed down by weaker rates for panamax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.8%, or 15 points, to 1,922 points, its lowest since July 12. Nevertheless, the capesize index rose 13 points, or 0.4%, to 3,660 points.
Marine organisms such as barnacles and zebra mussels have been a long-standing nuisance to ship hulls, causing exterior damage, increased power and fuel consumption and environmental concerns. While anti-fouling coatings help to prevent biofouling, a new research study suggests that an innovative approach to marine coatings may solve the problem of barnacle and zebra mussel fouling
Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than
Norwegian subsea operating company DOF Subsea has been awarded three new contracts in the North Sea.The first of these contracts will see DOF Subsea undertake a workscope in the Norwegian North Sea involving subsea construction support and pre-commissioning operations from the Geosund during December 2018.
There is a 65 percent chance of an El Niño weather pattern emerging during the northern hemisphere spring this year, a U.S. government weather forecaster said on Thursday."However, given the timing and that a weak event is favored, significant global impacts are not anticipated during the remainder of winter, even if conditions were to form