Local news today
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Bulk Carrier
Houthis Escalate Attacks on Ships Amid Gaza Conflict
The Houthi armed group has intensified its campaign against maritime vessels in the Bab el Mandeb Strait, a crucial passageway…
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Shipbuilding
Freight as a combination of science and art
Willem Vermaat, the shipping director at Heidelberg Materials Trading, sheds light on the complexities of calculating freight rates in the…
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Bulk Carrier
Top 5 shipping stocks in India to add to your 2025 watchlist
Recent geopolitical tensions have sent ripples through the global shipping market, particularly following a U.S. strike on Iranian nuclear sites.…
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Shipbuilding
Performance Shipping agrees refinancing deal with Greek bank
Performance Shipping, a Nasdaq-listed Greek tanker operator, has finalized a refinancing deal for an existing loan of $29.75 million with…
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Shipbuilding
St. Johns Ship Building awarded first Navy contract
St. Johns Ship Building in Palatka, Florida, has achieved a significant milestone by securing its first contract to construct a…
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Shipbuilding
Freight Market Faces Decline Amid Weak Demand
The Baltic Dirty Tanker Index (BDTI) has seen a significant downturn, dropping 15% over the past month, effectively reversing the…
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Shipbuilding
ONE and Hapag-Lloyd line up more than 30 newbuild contracts
In a significant development for the shipping industry, Alphaliner reports that Ocean Network Express (ONE) and Hapag-Lloyd are on the…
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Shipbuilding
Giant crane ship SSCV Thialf waits in RI waters on the way to Empire Wind
The SSCV Thialf, the world’s second-largest crane ship, has made a notable entrance into Narragansett Bay, drawing significant attention since…
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Bulk Carrier
Three Injured in Engine Room Explosion Aboard Bulk Carrier
Three crew members sustained injuries in an explosion while working on a boiler aboard the Malta-registered bulk carrier M/V Olivia…
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Shipbuilding
North Korea detains 4 officials over the failed launch of a naval destroyer
SEOUL, South Korea (AP) — In a swift response to a recent naval mishap, North Korean authorities have detained four…
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