Latest News for: Vessel values


Egypt Launches First Domestically-Built Frigate in Navy Modernization

The Maritime Executive 09 Dec 2023
President Al Sisi and the Navy commanders congratulated the shipyard for developing the vessel made entirely they said by “Egyptian hands.” ... The order for the vessels was placed in September 2018 as part of the naval modernization program valued at €2.3 billion and approved seven months later by the German government.

Yemen's Houthis downplay plans to establish a US-led maritime task force

Anadolu Agency 09 Dec 2023
Yemen’s Houthis have dismissed plans to establish a US-led maritime task force in the Red Sea to repel the group's targeting of Israeli vessels. . "The threat to establish a coalition in the Red Sea against Yemen has no value," Mohammed Ali Al-Houthi, a member of the ...

COSCO signs for methanol engine retrofits at Marintec China

Splash24/7 08 Dec 2023
The company’s spokesperson Pádraig Kellehe told Splash Extra earlier this year vessels whose original value was higher than $50m make for retrofit candidates since a full dual-fuel retrofit project for cheaper vessels would be costly compared to building a new vessel with dual-fuel engines from scratch.

Ba Ria-Vung Tau: Many policies to support business and attract investment

The Saigon Times 08 Dec 2023
... contracts for projects within and outside the province, with a total value of hundreds of billions of Vietnamese dong ... This equipment, valued at around US$500,000, is designed to recover and transform CO2 gas on the FPSO vessel to reduce emissions into the environment.

Procureship Partners with BASSnet to Boost Optimisation of Fleet Management

The Maritime Executive 07 Dec 2023
The partnership will see Procureship as a valued eCommerce partner in BASSnet Fleet Management Systems, a suite of integrated end-to-end solutions, which includes technical, operational, financial, and safety solutions for fleet managers and vessel owners ... vessel’s needs.

Methanol Engine Secures Bulker Orders

The Maritime Executive 07 Dec 2023
While car carriers have been to the fore recently, we ultimately expect methanol to figure prominently as a future fuel across all vessel segments and these newbuildings will be capable of trading carbon-neutrally when powered by green methanol and bio-fuel oils. We value this collaboration with J.

The Best Cruise Lines of the 2023, According to Cruise Critic

Longview News-Journal 06 Dec 2023
"The value of a cruise doesn't stop with mainstream sailings ... No ask is too small – or too big – and service always comes with a sincere smile."Emerald Yacht Cruises – a line well-known on the rivers that debuted its first luxury ocean-going vessel in 2022 – was named this year's Best Value for Money in the Luxury Category ... Best Value for Money.

Sir Richard Branson launches Australian arm of Virgin Voyages

The Daily Telegraph Australia 06 Dec 2023
His vessel, ‘The Resilient Lady’, has a value of around $1 billion, is adults-only and is one of three ships in the Virgin Voyages fleet ... Branson now owns five per cent of the Australian airline ... ....

Fincantieri Agrees to Acquisition to Grow Position in Offshore Engineering

The Maritime Executive 05 Dec 2023
The distinctive engineering and technological expertise of Remazel, a leader in its sector, enables the group to consolidate its role as an integrator of complex systems and as a partner for our customers throughout the life of naval vessels and their most value-added equipment.”.

WinGD forges four-party partnership to propel CMB.TECH’s ammonia engines

SAFETY4SEA 05 Dec 2023
CMB.TECH’s decision to have its first ammonia-fuelled vessels built by CSSC Qingdao Beihai Shipbuilding underscores the company’s faith in the quality and value of our work ... Furthermore, safe operation and maintenance of ammonia-fuelled engines and vessels has been a key undertaking of the project to date.

No crew, no problem: The Navy's new robot boat

NewstalkZB 05 Dec 2023
The 6.8-metre Uncrewed Surface Vessel (USV) is powered by renewable energy ... “The evidence we’ve seen from our partner militaries overseas is that uncrewed drone aircraft and vessels can provide real value in fulfilling some of these search and surveillance tasks,” Golding said.

Sanwo-Olu, Oyetola Receive Grimaldi’s Largest Container-RORO Vessel

This Day 05 Dec 2023
The Minister commended Grimaldi Group and PTML for deploying the vessel to Nigeria and for adding value to the Nigerian economy ... He said the successful arrival of the vessel was a testimony of the dedication and commitment of the PTML to push general cargo component with a view to enhancing the quality of service delivery.

Ba Ria-Vung Tau’s industrial production meets target despite challenges

The Saigon Times 05 Dec 2023
... and outside the province, with a total value of hundreds of billions of Vietnamese dong ... This equipment’s value set is estimated at approximately US$500,000 and is designed to recover and transform the amount of CO2 gas on the FPSO vessel to reduce emissions into the environment.

'Catalytic.' How a bipartisan bill could save working waterfronts from Cape Cod to Alaska

Cape Cod Times 04 Dec 2023
"Massachusetts fisheries provide $839 million in ex-vessel value to fishing vessels," Church wrote in an email. Ex-vessel value is the price received by fishers for fish at the first point of landing.

Indian Customs Detains Bulker and Crew After First Dicovery of Cocaine

The Maritime Executive 04 Dec 2023
Indian customs along with the police, drug authority, and security forces, are detaining the crew of a bulker while they investigate the details of a large shipment of cocaine found hidden on the vessel ... Customs reports they recovered 22 kg of cocaine with a street value of $26 million.