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How do you see business today, and where is Cummins looking for opportunities as COVID-19 and volatile oil markets generate market uncertainty?Even in the current state, we are still seeing a solid level of interest and activity in the commercial marine space. Scheduling has been impacted and some areas have slowed down, but overall, the marine industry is very much still active around the world. When we take a closer look at some of the segments within the commercial marine space, differences begin to emerge. In the commercial transport sector, where they have operated throughout the pandemic, we are still seeing a need for new builds as well as repowers.
A new offshore guard vessel concept aims to be smaller, lighter and more efficient than most of the vessels used to protect offshore operations currently. It will also be completely unmanned and autonomous.The so-called Autonomous Guard Vessel revealed Tuesday has been created by a consortium of maritime companies specifically for surveillance of offshore structures throughout their life cycle, ranging from wind farms to substation platforms and cable routes.This clean and lean concept to replace conventional guard vessels came to life in a project group facilitated by LISA, a community for maritime professionals.
The deadline to apply for inclusion in Marine News magazine's annual MN100 awards edition has been extended to July 10.Each year, the publication's August issue profiles 100 of the top firms in the shallow-draft, brown water, workboat space. Is your company one of the best? Apply now.The 100 companies selected will be featured in the largest BPA-audited b-to-b publication in this genre. OEMs, service providers, shipyards, operators and the full gamut of marine-related businesses are eligible. But, only those who apply will be considered.Click here to apply.Let us know if you have questions. Reach editor Eric Haun at firstname.lastname@example.org.
The Baltic Exchange's main sea freight index inched down on Tuesday, snapping a 27-session winning streak, as capesize vessel rates fell for the second straight session and offset gains in panamax and supramax segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 7 points, or 0.4%, to 1,949.The Baltic capesize index lost 103 points, or 2.5%, to 3,968, hitting its lowest since June 22.Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, fell by $849 to $32,911.
The U.S. Coast Guard is naming the 11th Legend-Class National Security Cutter (NSC) in honor of Elizebeth Smith Friedman.Friedman was a pioneering code-breaker for the Coast Guard during the Prohibition Era and World War II, serving within the Coast Guard Cryptanalytic Unit-387. She has been dubbed "America's first female cryptanalyst" and in many ways could be considered the founder of the modern-day Coast Guard Intelligence Program.Her work with the Coast Guard began soon after the passage of the Volstead Act, which prohibited the manufacture, sale, or trade of alcohol in the United States.