32% downturn seen in 2020 mid-sized ship order [Shipbuilding]
  It turned out that 354 mid-sized ships of a combined 6.65m cgt were ordered globally in 2020, representing a 32.1% year-on-year decrease (in terms of cgt).    Yang Jong-seo, a Senior researcher from the Overseas Economic...
2021-02-26 09:01:51
K2 Management wins offshore wind deal in Maryland [Offshore]
  K2 Management announced on February 23 that it has been appointed owner’s engineer on what will be the largest project off the coast of Maryland in the United States – Maryland Offshore Wind Project – on behalf of deve...
2021-02-25 10:02:33
DEME awarded Arcadis Ost I foundations deal by Parkwind [Equipment]
DEME Offshore announced on February 23 that it has been awarded a substantial Engineering, Procurement, Construction and Installation (EPCI) contract for the foundations at Parkwind’s Arcadis Ost I offshore wind farm. The next-generation ...
2021-02-25 09:57:53
CWind launches first hybrid-powered surface effect ship [Shipbuilding]
  CWind, a leading provider of project services, CTVs and GWO-accredited training courses to the offshore wind industry, and part of the Global Marine Group, announced on February 23 that it has delivered the world’s first hybrid po...
2021-02-25 09:52:59
Maersk-Cargill team up on new bunker procurement service [Shipbuilding]
  Maersk Tankers announced on February 23 that Cargill and Maersk Tankers are embarking on a strategic partnership to combine their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. ...
2021-02-25 09:48:45
Development starts on remote-control tugboat [Shipbuilding]
  Global towage operator Svitzer A/S announced on February 23 that Svitzer A/S, Kongsberg Maritime and ABS have signed an agreement to jointly develop RECOTUG™, the world’s first fully operational, and fully remotely controlle...
2021-02-25 09:44:14
North P&I in good shape despite challenges [Shipbuilding]
  North P&I Club announced on February 23 that it has continued growth in its diversified business lines and solid progress in raising premiums to reflect market conditions and is expecting to see a small tonnage reduction after a pla...
2021-02-25 09:39:39
OneOcean takes part in fundraising initiative [General]
  OneOcean, the world’s largest provider of voyage solutions for the maritime industry, announced on February 24 that it has taken part in a recent Heroes at Sea fundraising initiative. As a Gold-level sponsor of the ‘Walk, Jo...
2021-02-25 09:38:21
NSY secures 12 container ships [Shipbuilding]
  It emerged that Taiwan’s Wan Hai Lines placed an order for 12 container vessels at formed Japanese shipbuilding joint venture Nihon Shipyard (NSY).   According to industry source and TradeWinds, the price of 3,013 teu c...
2021-02-25 09:22:52
Fuel price spread is widening [Shipping]
  It turned out that the price spread between very low-sulfur fuel oil (VLSFO) and high-sulfur fuel oil (HSFO) is widening across the world.   According to industry sources and Lorentzen & Stemoco, the price spread exceeds ...
2021-02-25 09:21:46
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