Schottel is supplying propulsion systems and a unique control concept for barges and tugs serving at Mineral Resources’ (MinRes) Onslow Iron project.All seven barges and two of the project’s seven tugs are newbuilds being constructed by COSCO Shipping …
Schottel Propulsion Chosen for Iron Project Tugs in Australia Read More »
BIMCO and Hunit have launched a joint pilot project with the aim to reduce risks, cut manual workloads, and modernize the way the maritime industry works with standard contracts.The pilot project will address challenges such as rising operational deman…
BIMCO and Hunit Pilot Self-Performing Standard Contracts Read More »
Kongsberg Maritime has signed a major contract with Sea1 Offshore to deliver Launch and Recovery Systems (LARS) for the company’s four new offshore construction vessels. Each vessel will be equipped with two advanced LARS units, supporting subsea…
Kongsberg Maritime Secures LARS Contract with Sea1 Offshore Read More »
Greek owners have moved forward with a significant restructuring of their bulker fleet during 2025. The focus has been on fewer, but younger and larger ships. In its latest weekly report, shipbroker Xclusiv said that “the 2025 YTD dry bulk SnP market c…
Greek Ship Owners Pursue Dry Bulk Fleet Restructuring Read More »
“Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020. Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dr…
Bulker newbuilding contracting drops 54% to five-year low Read More »