Höegh Xiamen Declared 'Total Loss' After Jacksonville Fire

Höegh Xiamen car carrier has been declared "a constructive total loss" following a fire that broke out on the vessel in early June in Jacksonville, USA.The Höegh Xiamen car carrier is owned by Ocean Yield and is on a bareboat contract to Höegh Autoliners.


Baltic Index Posts 7th Straight Weekly Gain

The Baltic Exchange's main sea freight index rose to register a seventh straight weekly gain on Friday, as demand gained steam across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…


Fred. Olsen Windcarrier Picks Jack-Up for 1600t Huisman Crane

Offshore wind turbine installation company Fred. Olsen Windcarrier back in March said it had struck a deal to equip one of its jack-up installation vessels with a 1600t crane for next-gen offshore wind turbines. While the company at the time…