The uniquely painted Norwegian Aqua was launched at the Fincantieri Marghera (Venice) shipyard, the first vessel in the Prima Plus class for Norwegian Cruise Line's (NCL).With external work now complete, the yard and its partners will forcus on completing the ship for its scheduled April 2025 delivery.
U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal."We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports," GM said in a statement.The Port of Baltimore is the busiest U.S.
Austal USA Advanced Technologies is working with the US Navy on technical solutions that will power the next-gen of navy assets. Don Hairston recently took the helm of the AAT team, and discusses how additive manufacturing and artificial intelligence are powering the future of naval asset design, construction and lifecycle maintenance.
A few weeks ago I was talking to some professional fire fighters and was regaled with EV fire fighting disasters. They told me that EV caught fire all the time, that EV fires were much more dangerous than gasoline fires, and that fire trucks could not carry enough water to put out an EV fire.
Bibby Marine and its consortium partners are moving forward with plans to build the world’s first zero-emission electric service operation vessel (eSOV) after securing funding for the project from the Zero Emission Vessel Infrastructure (ZEVI) competition.The award, announced Monday at London International Shipping Week, comprises of match funding to build the pioneering vessel
GMS launched a Ship Recycling Portal digital platform that aims to revolutionize the ship recycling industry by making the sales and purchase of end-of-life vessels more convenient, transparent, and efficient.The Ship Recycling Portal is a specialized vessel auction platform designed to streamline the sale of ships directly to shipyards for recycling.
The lethargy in subcontinent recycling markets continues for another week as owners and cash buyers continue to offload tonnage at spiralling prices, chasing down rates seemingly by the day, reports GMS.“We have seen prices decline from over USD 600/LT LDT earlier this year, to seeing several standard (albeit poor condition) dry bulk sales below USD 500/LDT recently.
According to GMS, it has been another intensely inert week in the Indian sub-continent ship recycling markets, with Bangladesh sinking to the bottom of the price-ranking board and neighboring India & Pakistan taking the lead (in terms of pricing and ability to secure unsold tonnage currently on offer).
Despite Chinese new year holidays concluding on Friday, a pervading theme of an unrelenting dearth in the overall availability of tonnage across global ship recycling markets has been enduring for several quarters now, says cash buyer, GMS.This has resulted in another dreary week of market inactivity and silence across all recycling destinations.
As deals continue to be concluded into Alang, the Indian ship recycling sector remains on a positive footing overall, with Pakistan and (especially) Bangladesh still lagging behind, reports cash buyer GMS.Despite steel plate prices coming off by about US$ 11/Ton and the Indian Rupee weakening marginally over the course of the week, the overall outlook for India remains positive.
Cash buyer GMS reports another week of “astonishing” activity in sub-continent ship recycling markets, with owners and cash buyers primarily focusing on the Indian market where several extraordinarily priced container sales reportedly took place over the recent weeks.The $600/ton mark was even exceeded on a container unit once again, in what seems to be the surest sign yet
Another week of speculation has passed in the Indian sub-continent ship recycling markets, as sales continue to register at ever increasing numbers to increasingly bullish cash buyers who certainly seem to be banking on a Q4 revival, says cash buyer GMS.The chief proponents of this most recent and ongoing resurgence are India and a re-merging Pakistan market that is back and bidding once again