Singaporeâs First Fully Electric Tug Commissioned Ahead of 2026 Deployment
PaxOcean Group and ABB have announced that Singaporeâs first fully electric tug completed commissioning, marking a major milestone in the city-stateâs harbor craft electrification program.The 50-tonne bollard pull tug, PXO-ACE-1, is expected to be deployed in April 2026 and is the first fully electric tug to be built and operated in Singapore. The vessel was built by PaxOcean Group, a subsidiary of Kuok Maritime GroupâŚ
NORDEN Sells Two Ships, Adds Multi-Purpose Newbuild Leases
Danish shipping company NORDEN has sold one MR tanker and one Capesize dry bulk vessel from its owned fleet, capitalizing on strong asset prices across the dry cargo and tanker markets.The company also said it had entered into two new multi-purpose (MPP) newbuilding lease agreements with purchase options, as part of its strategy to expand in the project cargo market. The vessels are scheduled for delivery in 2028.NORDEN said the MPP segment benefits from a favorable supply outlookâŚ
Babcock, Frankenburg Partner on CounterâDrone Maritime Defense System
Babcock and Frankenburg Technologies have signed a memorandum of understanding (MoU) to explore development of a new maritime counterâdrone air defense system in response to the rise of oneâway attack drones.Under the agreement, the partners will work on a costâeffective, containerized platform for launching Frankenburgâs new lowâcost missiles, designed specifically to defend against oneâway attack drones.
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