Svitzer Australia lockout of tug workers suspended for six months
Fair Work Commission halts action over fears about damage to economy
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November 2022
Incat Crowther Designs University of Wisconsin-Superior’s New Research Vessel
The Lake Superior Research Institute (LSRI) at the University of Wisconsin-Superior has commissioned naval architecture firm Incat Crowther to design a new low-emission battery hybrid research vessel.The aluminum-hulled vessel will be built…
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Cannelton Locks and Dam Primary Lock Chamber Reopens to Navigation Traffic
The 1,200 foot-primary chamber at Cannelton Locks and Dam on the Ohio River in Cannelton, Ind., officially reopened to navigation traffic, November 13, the U.S. Army Corps of Engineers (USACE) said.Due to scheduled maintenance and repairs, the 1200-foo…
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China’s Real Estate Slump is Hitting the Dry Bulk Shipping Market
The demise of the Chinese real estate market has caused a ripple effect in the dry bulk shipping market. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk shipping market has been on an overall downward trajectory since…
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Tanker values at 13 year high
Values for five year old VLCCs are currently at the highest levels since 2009. For example, 320,000 DWT, 5YO are currently valued at USD 95.74 mil, up 33.12% from the start of the year from USD 71.92 mil in January. Overall, Tanker sales have risen thi…
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