Baltic Index Slips as Capesize Rates Fall
The Baltic Exchange's main sea freight index fell on Monday, as a drop in rates for capesize vessels outweighed a rise in other vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell seven points, or 0.4%, to 1,551 points.* The capesize index dropped 31 points, or 0.9%, to 3,242 points, marking its fourth-straight session of losses.* Average daily earnings for capesizes…
ISO: Affordable & Reliable Workboat Comms
The commercial shipping world can benefit from greater range of communications and reduced satellite costs. Domestic brown water operators know all too well that’s easier said; than done.
Bahri Looks to Make LNG Foray
Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website…
Maritime Schools Must Prep for Offshore Wind Jobs
The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43,000 by 2050. To support this growth, U.S. Department of Energy reports estimate over 40,000 new jobs will be created by 2030.The new jobs anticipated to support the offshore wind industry include a wide range of types…
Helicopter Missing in the US Gulf
The U.S. Coast Guard said it is searching by air and sea for two people aboard an overdue helicopter believed to have crashed in the U.S. Gulf of Mexico.The Coast Guard said its watchstanders received a report at 10:37 a.m. on Saturday from the helicopter's owner, Panther Marine, that the aircraft crew did not reach their destination when transiting from one offshore platform to another.Panther Marine said it lost communications when the helicopter was 10 minutes from landing.
Maritime, Gaming Worlds Collide
Red Funnel's Redjet 7 will serve as a bench test for an innovative vessel docking project between a maritime data company and university student game developers.Efficient vessel docking which melds traditional maritime know-how and cutting edge gaming tech is the focus of a project between Azurtane, a Southampton maritime energy efficiency firm, and the School of Media Arts and Technology at Solent…
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