Euroseas, Synergy Holdings US$40M Deal
Euroseas Ltd has acquired four vessels from companies controlled by Synergy Holdings Limited in a deal worth US$40 M, says an article published in Riviera Maritime Media.
Euroseas’s acquisition
In addition to acquiring the four 4,253...
Weekly Maritime Security Report – Week 40, 2019
Protection Vessels International has released the 40th Weekly Maritime Security Report of 2019. The report summarized on 26th November 2019 highlights the various incidents that took place in the past week.
Southern Red Sea: Assailants...
DNV GL Approves CO2-reducing Aero Screen To Be Fitted on ULCS’s
According to an article published in Riviera Maritime Media, DNV GL has granted AiP for an emissions-reducing windscreen to be fitted on ultra-large container vessels.
ULCS fitted with wind resistance-reducing screen
A bow-mounted wind resistance-reducing screen...
Arianespace Launches Inmarsat’s Next-gen Global Xpress Satellite
According to an article published in Riviera Maritime Media, ship communications and data analytics will be boosted by the first of a new generation of Ka-band satellites.
Next-gen Global Xpress satellite
Arianespace has launched Inmarsat’s next-generation...
Babcock LGE Emerges As Global Leader in Liquid-gas Sector
Babcock LGE business is celebrating its 26th order of 2019 from the world’s largest shipyards in South Korea and China.
The company bagged 16 contracts in the LPG carrier market and a further...
SONAR’s New Index Unveils Maritime and Intermodal Spreads To the Midwest
According to an article published in Freight waves, experts regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers.
The SONAR series
To help keep SONAR...
Bow Thruster Repairs While Afloat
Hydrex can perform bow thruster removals and reinstallations on all types of tunnel thrusters, reports the Maritime Executive.
These repairs are carried out in cooperation with OEMs on any location. They are performed while the...
Ocean Carriers Mend Their Q3 Margins With Lower Fuel Prices
Cheaper fuel prices saw ocean carriers improve their average operating margin to 3.6% in the third quarter, reports the Loadstar.
This compares with just 0.6% in Q3 last year and is despite a 1.8% decline...
EIA Forecasts Expand US Crude Oil Production
EIA increased its forecast of U.S. crude oil production in 2019 by 30,000 barrels per day (b/d) (0.2%) from the October STEO, reports Safety4sea.
EIA increased its 2020 crude oil production forecast by 119,000 b/d...
42 Researchers Stranded in Antarctic Ice As Supply Ship Breaks Down
According to an article published in Science Alert, a French icebreaker with researchers onboard are stuck in the Antarctic after a propeller mishap
What happened?
The French icebreaker L'Astrolabe was set to deliver supplies and a...