The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a second session on Tuesday, rising about 1.9% to a near one-week high of 2,593 points. The main support came from the bigger-size segment. The capesize index, which typically...
In Ernest Hemingway’s novel The Sun Also Rises, Mike Campbell describes his progression toward bankruptcy as happening “gradually, and then suddenly.”Hemingway may have been portraying financial troubles, but the same might be said for the evolution of undersea warfare.
Shipping has spent years tightening voyage costs, bunker procurement and commercial port expenses, but one sizeable part of the bill remains comparatively untouched: husbandry. For Antonis Malaxianakis, founder and CEO of Athens-based port cost management platform HarborLab, that blind spot is...
SubSea Craft (SSC) has appointed Matthew Zirkle as Chief Executive Officer of SubSea Craft USA, marking a step in the company's continued expansion across the United States. The announcement comes at a pivotal time for SSC as the company accelerates its expansion across the United States.
The European Union on Tuesday presented a new Arctic strategy reflecting the region’s importance to security, with pledges to boost satellite surveillance, increase monitoring of undersea cables...
Fairbanks Morse Defense (FMD) broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double...
Fugro has been selected by the National Oceanic and Atmospheric Administration (NOAA) to deliver seafloor mapping data along Florida's Atlantic coast, supporting safe navigation, maritime operations and updated nautical charts across one of…
Optics11, the Dutch deep-tech company exploring passive fiber optic sensing for underwater intelligence and energy grids, signed a Strategic Collaboration Agreement with Saab, the Swedish defense and security company, to strengthen cooperation…