Newport, R.I.-based Pangaea Logistics Solutions Ltd. [Nasdaq: PANL] reports that it has completed its previously announced combination of its existing dry-bulk fleet with 15 handy-size dry bulk vessels owned by privately-held Strategic
Additional Sanctions Possible for Russian Oil tankers
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge
Philippines' Maritime, Air assets to watch China's 'monster ship'
The Philippines has deployed air and sea assets of its military and coast guard in its exclusive economic zone to monitor China's largest coast guard vessel, calling the ship's presence an act
Baltic Index Snaps 5-session Winning Streak
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped its five-session winning streak on Monday, pressured by weaker rates across capesize and supramax
Strategic Marine delivers 50-knot SES crew transfer vessel
Singapore shipbuilder Strategic Marine has delivered an offshore crew transfer vessel to All Energies Services that is capable of reaching speeds of over 50 knots. Designed to provide seamless offshore transfers in
Coast Guard to rename former ECO icebreaker Storis
The Coast Guard has now completed acceptance of the Edison Chouest Offshore (ECO) icebreaking vessel Aiviq. On commissioning, it will be renamed Coast Guard Cutter Storis, becoming the second cutter to bear
Vard joins NuProShip nuclear propulsion project
Fincantieri Group’s Norwegian-headquartered Vard subsidiary is collaborating with the Norwegian University of Science and Technology in Ålesund, Norway, and other key stakeholders in the groundbreaking NuProShip I project, which explores nuclear propulsion
Biden to issue broad offshore oil and natural gas leasing ban
In a reminder that, like operas, U.S. presidencies aren’t over until they are over, the White House today released a statement saying that, using his authority under Section 12(a) of the Outer
Strategic Marine Delivers Offshore Crew Transfer Vessel to AES
Singapore-based shipbuilder Strategic Marine has delivered its first Surface Effect Ship (SES) to All Energies Services (AES), specifically designed for offshore crew transfer operations within the oil and gas sector.The contract marks
Boskalis to Bolster Fleet with ‘Largest Subsea Rock Installation Vessel in Industry’
Dutch marine services firm Boskalis has announced the latest addition to its fleet, a giant subsea rock installation (SRI) vessel with a cargo capacity of 45,500 metric tons, which is set for
Bright Outlook for Ship Recycling
2025 seems to have started on an optimistic note in the ship recycling markets, with a noticeable willingness to buy from various buyers across the Indian sub-continent, reports cash buyer GMS.However, although
TMC Compressors Chosen for Maersk Newbuildings
Yangzijiang Shipbuilding Group has awarded a contract to TMC Compressors to deliver its Smart Air compressors to six mid-sized dual-fuel methanol container ships that it is building for Maersk.Under the contract, TMC
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