Baltic Index Hits 1-week High as Vessel Rates Gain
The Baltic Exchange's dry bulk sea freight index .BADI touched a one-week high on Thursday, propelled by stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, added 58 points, or about 4.9%, to 1,242.The capesize index jumped 165 points, or 13.5%, to 1,384, its highest since Nov. 14. Average daily earnings for capesizes…
Reach Subsea to Add Two ROV Support Vessels to Its Fleet
Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured "significant vessel capacity for the coming four years" through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel Go Electra with a duration…
Vigor Wins Repair Contract for Hospital Ship USNS Mercy
Portland, Ore.-based Vigor Marine has been awarded a contract for a 90-calendar day shipyard availability for a mid-term availability of Military Sealift Command’s hospital ship USNS Mercy (T-AH 19).The $20,187,816 firm-fixed-price contract includes a base period and options, which if exercised, would bring the cumulative value of this contract to $20,915,538. Work will be performed in Portland, Ore., beginning January 16, 2023, and is expected to be completed by April 15, 2023.
Proman Stena Bulk Names Its First Methanol-fueld Tanker in Trinidad & Tobago
In a ceremony held in Trinidad and Tobago on November 23, 2022, Proman Stena Bulk Ltd formally named its first newbuild IMOIIMeMAX methanol-fueled 49,900 DWT vessel, Stena Pro Patria.Stena Pro Patria is the first of three methanol-fueled vessels delivered in 2022 to the joint venture between tanker company Stena Bulk and the methanol producer Proman, with a further three newbuilds due for delivery…
ABB's Shaft Generator Systems for COSCO's Ten Container Ships
ABB has secured a contract with the Chinese shipyard COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd., to equip 10 China COSCO Shipping Corporation Limited container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the order comprises systems for six 14000TEU vessels and four 16000TEU vessels."The International Maritime Organization (IMO) is introducing…
Schottel to Propel Four China-built Wind Turbine Installation Vessels
Schottel azimuth thrusters will propel four newly built wind turbine installation vessels (WTIVs) for Ouyang Offshore in Shanghai.The first vessel will be delivered in the fourth quarter of 2022, and these vessels will be able to install giant 16 MW wind turbines.To ensure DP mode maneuverability and precise positioning, each vessel will be outfitted with two electrically driven Schottel Rudder Propeller type 430 azimuth thrusters and two Schottel Transverse Thrusters type STT 4."For 70 years…
