Kongsberg Maritime Expands Rim-Drive Tunnel Thruster Portfolio
Kongsberg Maritime is expanding its proven Rim-Drive Tunnel Thruster (RD-TT) range with the introduction of two new larger models, featuring propeller diameters of 2300 mm and 2600 mm.
MarineCraft News Desk
$434M Investment to Boost Capacity at Jeddah Islamic Port
Red Sea Gateway Terminal and CMA CGM are to develop and operate a further terminal at the Jeddah port
Baltic Dry Bulk Index Extends Winning Streak to Fifth Session
The Baltic Exchange's dry bulk sea freight index extended its winning streak to a fifth consecutive session on Wednesday, buoyed by gains across all vessels, with Capesize segment climbing to an over two-week high.
Japan to Back Pipelines Bypassing Strait of Hormuz as Part of Energy Security Plan
Japan unveiled a comprehensive plan on Wednesday to strengthen the resilience of its energy supply, including support for pipeline projects that bypass the Strait of Hormuz, the gateway to almost all of its imported crude before the Iran war.The plan…
Iran’s Floating Oil Storage Shrinks to Five-Month Supply
Analyst and media commentary on Operation Economic Outcast, US Treasury Secretary Bessent’s plan to squeeze Iran financially, has focused on how long it will take for the effects of his squeeze to have a decisive impact on the Iranian political…
India Maps 5-Year Plan to Build Shipping Independence With 100 New Ships
The Indian government continues to pursue its vision of expanding its national shipping capabilities as part of a plan to achieve greater independence and lower the amount of money spent on foreign shipping.