Slipping Rates Drag Baltic Dry Index to Fresh 2.5-year Low

[Maritime Today]

The maritime industry's original and most viewed e-news service January 24, 2023 Maritime Today The maritime industry's original and most viewed e-news service Slipping Rates Drag Baltic Dry Index to Fresh 2.5-year Low The Baltic Exchange's main sea freight index extended losses to a sixth straight session on Tuesday to touch a fresh 2-1/2-year low, dragged down by a dip in capesize and panamax rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 19 points, or about 2.6%, to 721, its lowest since early-June 2020.The capesize index lost 50 points, or 6. Freeport LNG Says Texas Plant Repairs Completed Freeport LNG, the second-largest U.S. liquefied natural gas exporter, on Monday said it had completed repairs to its Texas plant and asked U.S. Featured video Viega Eliminates Hot Work with Faster, Consistent Connections for Marine Pipe Fitting Viega’s technology, including its press fitting products, are engineered to make pipe fitting projects easier, safer and more efficient, in the shipyard and on board vessels. Saudi Arabia Remains China's Top Crude Supplier Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries NY Waterway to Upgrade Ferries with Hybrid Propulsion NY Waterway announced plans to repower four more of its older ferries, transitioning from traditionally diesel driven units to hybrid technology before eventually operating on pure electric. Montrose Port Takes Delivery of its First Newbuild Pilot Boat Montrose Port Authority at the end of 2022 welcomed into service its first ever purpose-built pilot boat, South Esk.The new £800,000 vessel was constructed by Safehaven Marine, in Youghal Jørgen Wisborg Named Blue Water Chairman Jørgen Wisborg has been named chairman at Danish-headquartered transport and logistics group Blue Water, taking over from the company's founder and longtime head Kurt Skov. In Memoriam: E. John Michel, MRCM (DV) USN (Ret), Chief-of-the-Boat, Bathyscaph Trieste REMEMBERING MY SHIPMATE JOHN MICHELWe met in January 1959 when I became the first Officer in Charge of the Navy’s newly acquired Bathyscaph Trieste and John was the first USN enlisted man to be Maritime Reporter and Engineering News (January 2023) pdf • online Middle East Repair Yards Center Stage A wave of new investment, including the resergent offshore oil and gas business, drive activity at repair and refit yards in the Middle East. By Paul Bartlett Future Fuels: Moving toward Ammonia MAN Energy Solution’s Bjarne Foldager recently hosted MR in Copenhagen at the R&D center for a look under the hood of the new ammonia engine. By Greg Trauthwein Interview: Tim M. Clerc, Seacor Marine As Seacor preps to take its 10th hybrid vessel, Tim Clerc, VP Engineering, shares strategy and practical insights on its hybrid fleet development. By Greg Trauthwein Retrofits could Power U.S. Offshore Wind As the U.S. aims to fast-track to 30GW of offshore wind by 2030, vessel designers and shipyards eye opportunities to supply the vessels needed. By Paul Bartlett BDD Christens New Mobile Boat Hoist New boat lift adds capacity and honors a fallen hero. By Eric Haun Alfa Laval Debuts Biofuel-ready Separator Biofuels are a current and accessible fuel option that can help maritime decarbonize, and Alfa Laval becomes the first to offer biofuel-optimized separators and separator upgrades. Norway's Supreme Court to Hear Arctic Snow Crab Case Affecting Oil Norway's Supreme Court will on Tuesday hear arguments on whether EU ships can fish for snow crab off the Arctic islands north of Norway Harbor Tug Grounds After Collision Near Corpus Christi A harbor tug has run aground after colliding with an oil tanker near Corpus Christi, Texas.The U.S. Coast Guard said its watchstanders at the Sector Corpus Christi command center received a call at US Limits Vessel Calls at BP Cherry Point Marine Terminal The U.S. Army Corps of Engineers will modify the Department of the Army permit for the BP Cherry Point Marine Terminal’s North Wing dock to ensure complies with the Magnuson Amendment’s restrictions Damen, BV Pilot 3D Model-based Class Approval Classification society Bureau Veritas has successfully reviewed a 3D design of a 2500 m³ hopper dredger from Damen Shipyards, being a step to granting it approval in principle. Atlantica Shipping Adds Fourth PSV to Fleet Oslo-based offshore vessel owner Atlantica Shipping has taken delivery of its fourth platform supply vessel.The company said in a social media post that it had expanded its fleet with the 2005 built Rovco Expands Offshore Capabilities with Glomar Supporter Charter Rovco, a UK-based subsea robotics and survey firm, has signed a three-year charter with Glomar Offshoreof the multipurpose support vessel, Glomar Supporter. 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