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The Switch, a supplier of permanent magnet (PM) machines for marine applications, has launched the PMM850M PM machine, a compact, high-efficiency solution designed to help shipowners lower fuel consumption, reduce emissions and decrease operating costs.
https://www.marinelink.com/news/switch-launches-pmmm-permanent-magnet-537234
https://www.marinelink.com/news/switch-launches-pmmm-permanent-magnet-537234Kongsberg Maritime has won a contract from MKM Yachts to supply a package of equipment for the Scenic Ikon polar expedition vessel under construction for Scenic Cruise.The Scenic Ikon, the latest in a series of luxury expedition vessels for Scenic Cruise…
https://www.marinelink.com/news/kongsberg-maritime-selected-provide-537235
https://www.marinelink.com/news/kongsberg-maritime-selected-provide-537235Today, Monday, March 23 2026, the Baltic Dry Index decreased by 19 points, reaching 2037 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2037-down-19-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2037-down-19-points/The country’s coal imports dropped 4.2 per cent to 213.10 million tonnes (MT) in the April-January period of the current fiscal year and with seaborne prices showing an uptick, imports are likely to remain subdued in the near term. The decline underscores the country’s push towards self-reliance in coal production amid surging domestic output, even ...
https://www.hellenicshippingnews.com/indias-coal-imports-likely-to-remain-subdued-in-near-term/
https://www.hellenicshippingnews.com/indias-coal-imports-likely-to-remain-subdued-in-near-term/Today, Tuesday, March 24 2026, the Baltic Dry Index decreased by 48 points, reaching 1989 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1989-down-48-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1989-down-48-points/Dutch floater expert SBM Offshore has been awarded contracts by supermajor ExxonMobil to perform FEED studies for an FPSO for the Longtail development project in Guyana. The FEED contracts award triggers the initial release of funds by ExxonMobil to begin FEED activities and allocate a Fast4Ward hull for the Longtail development project. SBM Offshore will …
https://splash247.com/sbm-offshore-secures-sixth-guyana-fpso-award-from-exxonmobil/
https://splash247.com/sbm-offshore-secures-sixth-guyana-fpso-award-from-exxonmobil/French energy major TotalEnergies has accepted the Trump administration’s $928m offer to relinquish two offshore wind leases awarded during the previous administration. This means the company would be effectively reimbursed for its winning bids for the Attentive Energy project in the New York Bight and the Carolina Long Bay project off North Carolina, both of …
https://splash247.com/totalenergies-exits-us-offshore-wind-in-928m-trump-deal/
https://splash247.com/totalenergies-exits-us-offshore-wind-in-928m-trump-deal/Borr Drilling has entered into definitive agreements to acquire five premium jackup rigs from Paratus Energy subsidiary Fontis Finance for a purchase price of $287m. The acquisition will be completed through BC Ventures Limited, a newly established 50/50 joint venture between the subsidiaries of Borr Drilling and Proyectos Globales de Energía y Servicios CME, its …
https://splash247.com/borr-drilling-pens-deal-to-buy-five-jackup-rigs/
https://splash247.com/borr-drilling-pens-deal-to-buy-five-jackup-rigs/Rafael Muñoz Abad, a maritime analyst at the CISDE International Campus, writes for Splash today. In 1686, a certain Edward Lloyd—whom I imagine with a white beard and a navy wool coat with curved bone buttons—ran a coffeehouse on Tower Street, London, when he came up with the brilliant idea of publishing the status of …
https://splash247.com/hormuz-the-maritime-risk-premium-and-fear/
https://splash247.com/hormuz-the-maritime-risk-premium-and-fear/Japanese containerline Ocean Network Express (ONE) has completed a long-term partnership agreement with Dongwon Group by acquiring an indirect share in Dongwon Global Terminal Busan (DGT). The partnership comes at a time when Dongwon, South Korea’s largest fishing company, has repeatedly been tipped to be in the running to mount a takeover bid for HMM, …
https://splash247.com/one-buys-into-busan-terminal-owned-by-hmm-suitor/
https://splash247.com/one-buys-into-busan-terminal-owned-by-hmm-suitor/