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Mitsui E&S and Taiyo Electric have developed an Overhang Permanent Magnet Shaft Generating System for large marine engines.Unlike Taiyo Electric’s conventional shaft generators installed on intermediate shafts, this new system is mounted on the fore end of the main engine.
https://www.marinelink.com/news/mitsui-develops-overhang-permanent-magnet-535468
https://www.marinelink.com/news/mitsui-develops-overhang-permanent-magnet-535468PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features two large graving docks, one floating dock…
https://www.marinelink.com/news/new-paxocean-shipyard-opened-singapore-535470
https://www.marinelink.com/news/new-paxocean-shipyard-opened-singapore-535470Capesize The market endured a broadly softer week, with sentiment cooling across both the Pacific and Atlantic as the BCI 182 5TC slid from the low $31,000s to finish closer to $26,468. Early optimism in the Pacific, driven by miner presence and steady West Australia volumes, ultimately failed to prevent rates from retreating. C5 corrected ...
https://www.hellenicshippingnews.com/dry-bulk-market-a-softer-week-all-around/
https://www.hellenicshippingnews.com/dry-bulk-market-a-softer-week-all-around/German energy utility giant EnBW and US technology giant Google have entered into a long-term power purchase agreement for the supply of 100MW of clean electricity from the He Dreiht offshore wind farm over a period of 15 years. Google aims to operate its global operations on carbon-free energy by 2030, meaning that every hour …
https://splash247.com/google-secures-clean-power-from-enbws-offshore-wind-farm/
https://splash247.com/google-secures-clean-power-from-enbws-offshore-wind-farm/Dr Raymon Krishnan, president of Singapore’s Logistics & Supply Chain Management Society, ponders the risks of index-based freight contracts. For many beneficial cargo owners (BCOs), index-based freight contracts are increasingly positioned as the modern, data-driven answer to volatile shipping markets. On paper, they promise transparency, fairness, and alignment with prevailing market conditions. In practice, however, …
https://splash247.com/are-index-based-shipping-contracts-a-trap-for-bcos/
https://splash247.com/are-index-based-shipping-contracts-a-trap-for-bcos/Mercuria is lining up its next move in shipbuilding, with industry sources pointing to a potential order for very large crude carriers (VLCCs) in China. Market sources have the Swiss commodity trading group and shipowner wrapping talks with CSSC’s Dalian Shipbuilding Industry Corp (DSIC) for up to four 306,000 dwt tankers. The deal covers two …
https://splash247.com/vlcc-ordering-spree-pulls-mercuria-back-to-chinese-yards/
https://splash247.com/vlcc-ordering-spree-pulls-mercuria-back-to-chinese-yards/A 2010-built VLCC has been fixed out at a striking $147,135 per day. The scrubber-fitted Kalamos, built at Shanghai Waigaoqiao, has reportedly been taken on at the bumper rate while currently positioned off India’s west coast. The vessel is listed as operated by Embiricos, with IOC named as the charterer. The fixture comes amid continued …
https://splash247.com/embiricos-fixes-2010-built-vlcc-at-147135-a-day/
https://splash247.com/embiricos-fixes-2010-built-vlcc-at-147135-a-day/A London court has sentenced Russian captain Vladimir Motin to six years’ imprisonment after finding him guilty of manslaughter by gross negligence over the March 2025 collision between the containership Solong and the anchored tanker Stena Immaculate off the Yorkshire coast. The crash ripped a huge hole in the tanker, ignited a jet‑fuel inferno and …
The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New Delhi to a halt in Russian …
https://splash247.com/splash-wrap-ports-in-a-storm/
https://splash247.com/splash-wrap-ports-in-a-storm/Indonesia is revamping its state-owned shipbuilding sector, bringing it all under one roof, while tapping state-run lines to order domestically. PT PAL Indonesia, the nation’s top state-owned shipbuilder, will become a holding company for all government-owned shipyards under the plans unveiled yesterday. The policy aims to bolster domestic shipbuilding and boost efficiency by consolidating procurement, …
https://splash247.com/government-reshuffle-aims-to-turn-pt-pal-into-indonesias-shipbuilding-engine/
https://splash247.com/government-reshuffle-aims-to-turn-pt-pal-into-indonesias-shipbuilding-engine/