Stronger Capesize Rates Give Baltic Dry Bulk Index a Fresh Nudge
The Baltic Exchange's dry bulk freight index inched up on Tuesday, buoyed by stronger Capesize rates. The main Baltic index rose nine points, or 0.3 per cent, to 3,584.
vessel
AKOFS Offshore Secures $300M Credit Facility and Exercises Vessel Option
Subsea well construction and intervention provider AKOFS Offshore has concluded a $300 million reducing revolving credit facility agreement with DNB Bank and Sparebank 1 Sør-Norge.
Stranded Russians Return Home After Norway Seizes Arctic Cruise Ship
Norway said on Tuesday it has assisted 69 Russian citizens in returning to their home country from an Arctic island following the seizure of the small cruise ship they arrived on.A Norwegian court last week ordered the seizure in Svalbard…
The NSMV Program and the Rise of the Vessel Construction Manager Model
The National Security Multi-Mission Vessel (NSMV) program represents a significant innovation in American maritime policy, maritime education, shipbuilding, and government procurement.
US Coast Guard Unit Concludes Joint Logistics Exercise in South Korea
US Coast Guard Port Security Unit 309 personnel have returned to Port Clinton, Ohio, following their participation in a bilateral logistics exercise alongside South Korean forces in Pohang.
Five-year Wait for Panama Canal Water Fix as Transit Limits Loom
The new administrator of the Panama Canal said that once the Rio Indio infrastructure project is complete, the critical shipping waterway will not need to impose restrictions on transit even during droughts.In the meantime, however, it may need to impose…