The Baltic Exchange's main sea freight index rose on Thursday as an uptick in rates for smaller panamax and supramax vessels offset weakness in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 5 points, or 0.24%, at 2,118 poin

US Watercraft, the commercial boatbuilding division of Waterline Systems, said it is building a new oyster farm support vessel for Matheson Oyster Co., a sustainable oyster farm located in Virginia.Matheson Oyster came to the Hubert, N.C. boatbuilder…

Private equity firm MiddleGround Capital has acquired PVI Holdings, Inc., the parent company of W&O Supply, Setpoint Integrated Solutions and A-T Controls.“It was a cultural fit from our first meeting. MiddleGround brings a unique style to private equity that has my team fired up about the future…

Cyprus has already overcome the loss of Russian maritime trade due to European sanctions and the Mediterranean shipping hub is chasing business expansion in Japan and elsewhere in Asia as it looks to grow its flag, a senior government official said.Cyprus…