Shipbuilder Austal Australia has been awarded a A$324 million (US$209.8 million) contract to design and construct six evolved Cape-class Patrol Boats (CCPBs) for the Royal Australian Navy.It is the largest contract for an Australian vessel construction program ever awarded to Austal in the company’s 30-year history.
Inland Dredging Company helps keep commerce flowing on America’s inland waterway system.Dyersburg, Tenn. based Inland Dredging Company completed dredging projects spanning eight states and across four U.S. Army Corps of Engineers Districts. Beginning in July and finishing in December (2019), Inland Dredging crews dredged ports and harbors along the Mighty Mississippi River, Ouachita River
Ship maintenance and repair company ST Engineering Halter Marine and Offshore, Inc., said it is investing $10 million to expand at its Pascagoula, Miss. site, adding 100 jobs in the process.STEHMO, along with its sister company VT Halter Marine, is growing as a result of recent market opportunities.
A study published by researchers at Woods Hole Oceanographic Institution (WHOI) shows that polystyrene, one of the world’s most ubiquitous plastics, may degrade in decades or centuries when exposed to sunlight, rather than thousands of years as previously thought. The study published October 10, 2019, in the journal Environmental Science and Technology Letters.
The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorized by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation. This means that the Baltic Exchange’s daily dry bulk, tanker and gas freight indices are regulated by an EU National Competent Authority.
WORK Microwave has announced the results of its technology demonstration with Intellian and Telesat to increase the reliability, performance, and throughput of broadband for maritime applications. Recently, the companies successfully tested a high-throughput data link from Mount Jackson, Virginia to Pompano Beach, Florida using WORK Microwave's AX-80 wideband modem, the Intellian v150NX 1.
Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping company's discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all currently served CN destinations.“We are proud that CN’s supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business
Cambridge-based data visualization company GeoSpock is collaborating with the Baltic Exchange to build the world’s most advanced maritime spatial database."This digital initiative will have a specific focus on shipping emissions, enabling members and the wider maritime market to have unrivaled access to data insights and visualizations," said Baltic Exchange
U.K.'s Portsmouth International Port's relationship with major European ferry operator, Brittany Ferries, has been strengthened following the announcement of an additional five years to a joint long-term agreement.This means Brittany Ferries is committed to Portsmouth until the end of 2031, during which time a further three ships will join the current fleet serving routes from the city.
The Baltic Exchange, the a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts, has launched a new assessment to track the cost of operating vessels.Initially covering a range of dry bulk vessels, the service will also be expanded to tankers and other sectors.