Finland's Steerprop won an order to supply complete propulsion packages for four Arctic Security Cutters (ASCs) being built for the US Coast Guard by Bollinger Shipyards. Each vessel will be equipped with two Steerprop Contra-Rotating Propellers (CRP) azimuth propulsors and two tunnel thrusters. The vessels will be built to an existing Multi-Purpose Icebreaker (MPI) design.
US natural gas futures held steady on Tuesday as bearish forecasts for milder weather and less demand over the next two weeks than previously expected offset a bullish drop in daily output to an eight-month low.Front-month gas futures for November delivery on the New York Mercantile Exchange (NYMEX) rose 0.2 cent, or 0.1%, to $3.169 per million British thermal units.
US natural gas futures held near a two-week high on Thursday as a bigger-than-expected storage build last week offset the drop in output in recent days as energy firms reduced flows on offshore Gulf of Mexico pipelines ahead of Hurricane Isaias.Front-month gas futures for November delivery <NGc1> on the New York Mercantile Exchange fell 1.1 cents, or 0.3%, to $3.
Finnish marine propulsion specialist Steerprop has been selected to supply the complete main propulsion package for a new icebreaker being built for the Swedish Maritime Administration (SMA) by HD Hyundai Heavy Industries in Ulsan, South Korea.The contract marks Steerprop’s first project with both the Swedish Maritime Administration and HD Hyundai Heavy Industries.
A yacht being built for a private owner will be the first ever vessel to be equipped with Steerprop’s smallest contra-rotating propeller (CRP) azimuth propulsors to date. The order marks Steerprop’s first yacht project.The yacht will be fitted with two 700 kW Steerprop SP 8 CRP propulsors, which deliver outstanding thrust relative to power input.
U.S. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents, or 3.5%, to $2.87 per million British thermal units, their highest level since July 24.
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.
Finnish marine propulsion company Steerprop remains as a supplier for a series of tugboats being built by Turkish shipyard group Med Marine, securing a repeat order for two Steerprop SP 175 T propulsors for the third vessel in the series.The contract follows a similar scope of delivery for the first two vessels
BOURBON announced the appointment of Olivier Blaringhem as Chief Executive Officer, effective September 14, 2026. He is succeeding Gaël Bodénès, who has held this position since 2017.Olivier Blaringhem has more than 25 years of international experience in maritime services, engineering, and major offshore projects.
Wilson Sons operates in the port and shipping logistics industry throughout Brazil, boasting more than 188 years of experience. They offer solutions to over 5,000 clients, including shipowners, importers and exporters, the offshore energy industry, renewable energy projects, the agribusiness sector, as well as other players across various economic segments.
GONDAN Shipbuilders placed an order with Steerprop for hybrid-capable azimuth units to be installed on a new high-performance tugboat, the first tug design from naval architect Skipsteknisk, for Norwegian shipowner Østensjø Rederi. Steerprop will supply dual-end versions of its SP 50 W D propulsors — the most powerful ducted units it has ever delivered — providing the vessel with the flexibility
In 2010, the Monterey Bay Aquarium Research Institute (MBARI) began the process of replacing its research vessel, R/V Western Flyer. With Glosten at their side as vessel designer, MBARI considered three types of ships for their new project. The Western Flyer was a small waterplane area twin hull (SWATH), but the parties agreed on a monohull design for the new vessel.