Wärtsilä to Power Norwegian Trawler Newbuild
Wärtsilä has been awarded a contract to provide the propulsion machinery for a new purse seine fishing trawler ordered by Strand Senior AS, a subsidiary of Strand Havfiske AS based in Norway. The vessel will be built at the Karstensen Skibsvaerft shipyard in Denmark. The Wärtsilä order was booked in March 2017. In specifying that an innovative and highly efficient vessel was required, the owners specifically emphasized that the propulsion system should be centered on the Wärtsilä 31 engine.
Baltic Index Snaps 6-session Losing Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities snapped a six-session losing streak and rose on Friday due to stronger rates for smaller vessels…
Kraken Robotik Imaging System for AWI
Kraken Sonar Inc. subsidiary Kraken Robotik GmbH in Bremen, Germany has been awarded a contract to design and build a 6,000m rated 3D laser/optical imaging system for the Alfred Wegener Institute…
Capesize Rates Further Impacted by Cyclone Debbie
Coal shipments from eastern Australia could stop for 3-4 weeks. Freight rates for large capesize dry cargo vessels on key Asian routes, which fell to multi-week lows this week…
Asia Tankers-VLCC Rates to Climb as Asian Refiners Restock
Rates to climb to around W65 from MidEast to Asia; W70 from West Africa. Freight rates for very large crude carriers (VLCCs) are set to rise further as Asian refiners…
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