Damen Launches Financial Services Division
As of April 1, 2021, Damen Shipyards Group will start a specialized Financial Services division to support clients in the financing of new ships by means of both operational and financial lease constructions.In itself it is not new that Damen…

Handysize 38kt Time Charter Average FFA is 'Perfect Timing'
Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX…

New Pandemic Response Guidance for Maritime SAR Organizations
New manual provides vital recommendations for operational planning and response in health emergenciesThe International Maritime Rescue Federation (IMRF), supported by Lloyd’s Register Foundation, has launched comprehensive guidance for anyone working in search and rescue…

Life Raft from Missing Fishing Vessel Found off Scotland
A life raft has been recovered from the fishing vessel Nicola Faith, which went missing with three aboard off the coast of Colwyn Bay, Wales on January 27.The raft was found off the coast of Kirkcudbrightshire, Scotland by HM Coastguard and…

Plimsoll Marine Takes Delivery of Pushboat Rock Solid
Bayou La Batre, Ala. shipbuilder Master Marine, Inc. (MMI) has delivered the 67’ x 28’ pushboat Rock Solid to Plimsoll Marine. The Rock Solid is the third of four vessels that MMI is scheduled to deliver to the Lower Mississippi River push boat…

Oil Surges After OPEC+ Extends Cuts
Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April.Brent futures rose $2.10, or 3.2%, to $68.84 a barrel by 11:25 a.m. EST (1625 GMT).

Trelleborg Acquires Composite Hose Supplier Gutteling Group
Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the Dutch company Gutteling Group BV. The company develops and sells composite hoses to the chemical industry and…

Vard Marine VP Andrew Kendrick Retires
Naval architecture and marine engineering firm Vard Marine announced Derek Buxton, current vice president business development, has taken on the additional duties as vice president for our regional office in Ottawa effective immediately, following…

Torqeedo Sets Up Direct Distribution in Norway
Electric propulsion and hybrid drives manufacturer Torqeedo said it ha established direct distribution in Norway to address the growing market for its systems in the region.Norway has a long tradition of seafaring and is a world maritime center for shipping…

Another Vessel Joining Nord Stream 2 Pipeline Construction
The consortium behind the Nord Stream 2 undersea gas pipeline said on Thursday a second Russian pipe-laying vessel is undergoing sea trials ahead of joining the project, as it presses on with construction despite growing political pressure.The vessel…