In early August, Atlantic Capesize freight rates posted significant increases on both a weekly and monthly basis, driving the Baltic C5TC (Timecharter Average $/d) to a weekly increase of 32%. Capesize route C8 (Transatlantic Round Gibraltar/Hamburg $/…
Dry Bulk Market: Capesize Iron Ore Flows From Australia to the Far East a Mixed Bag Read More »
Following the COVID-19 pandemic, PSC detentions have been at an all-time high. To turn the tide on this trend, a focus should be set on the main detainable items during regular maintenance. DNV has updated the Top 18 list based on the newest developmen…
Turning the trend – Update of PSC Top 18 items Read More »
The fatal collision between the U.S. Coast Guard cutter Winslow Griesser and a small boat off the coast of Puerto Rico last year resulted from the failure of either vessel to maintain a proper lookout, the National Transportation Safety Board (NTSB) sa…
Inadequate Lookout Leads to Collision Between Coast Guard Cutter and Small Boat -NTSB Read More »
Portland, Ore. shipbuilder Diversified Marine, Inc. announced it has promoted Frank Manning to president and COO, responsible for the company’s sales and day to day operations.Diversified Marine founder Kurt Redd, who has served as president and CEO fo…
Diversified Marine Taps Frank Manning as President & COO Read More »
Bath, Maine shipbuilder General Dynamics Bath Iron Works announced it has been awarded a contract from the U.S. Navy to build three DDG 51 Flight III Arleigh Burke-class destroyers.“We appreciate the opportunity to build on our history of providing the…
Bath Iron Works Awarded US Navy Contract to Build Three Destroyers Read More »