South Korea's shipbuilders jump after an industry report notes rising prices of liquefied natural gas tankers that is set to benefit the country's shipbuilders.Shares of Hyundai Heavy Industries soar 9.2 pct, while those of Daewoo Shipbuilding & Marine Engineering jump 9.7 pct.Samsung Heavy Industries adds 5.
A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector, has been a key pillar of Singapore's economic transformation into a first world economy since independence from British colonial
Marine Hub Cornwall are on a mission to showcase the UK’s southwest coast as a world class center for marine technology and innovation. Working alongside Invest in Cornwall, which manages inward investment into the region, Marine Hub’s Operations Director, Matt Hodson, explains why he believes Cornwall is best positioned to be a global hub for the marine renewable industry.
Nippon Foundation is a philanthropic organization active globally with a simple mission, social innovation. While its activities today cross many activities and borders, when founded in 1962 its efforts focused largely on the maritime and shipping fields. Last month in Houston we spoke with Nippon Foundation Chairman Yohei Sasakawa
“To be a top performer, you must embrace technology,” said Søren Meyer, Chief Strategy Officer, Maersk Tankers, speaking at the Marine Money Week conference in New York on Tuesday.Meyer was referring to the industry-wide digitalization evolution currently underway in the tanker shipping sector, as part of a panel discussion with Frank Coles, President, Transas Group
Using data collected from underwater drones, merchant ships, fishing boats and even explorers, a new scientific project aims to map the ocean floor by 2030 and solve one of the world’s enduring mysteries.With 190 million square km (73 million square miles) of water - or about 93 percent of the world's oceans with a depth of over 200 meters (650 feet) - yet to be charted
The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulfur that vessels can emit from 2020, according to the head of the International Energy Agency's (IEA) oil industry and market division.The new rules drastically cut the amount of sulfur that the world's ships can emit, from 3.5 percent currently to just 0.5 percent.
Maritime Reporter & Engineering New’s Great Ship of 2017 Award was presented to Mr. Yoshikazu Kawagoe, Chief Technical Officer, Mitsui O.S.K. Lines in MOL’s headquarters in Tokyo. A full report on the world’s 3rd largest shipowner will publish soon in the pages of MR. Details on MOL's FSRU Challenger are below
On February 12, President Trump released his highly anticipated infrastructure proposal, a “Legislative Outline for Rebuilding Infrastructure in America.” Unlike prior federal infrastructure development strategies, which rarely discussed the need for maritime infrastructure investment
A joint team of NASA and U.S. Navy personnel are testing new equipment and practicing procedures for recovering astronauts that have splashed down in the ocean upon returning from space travel. NASA’s deep space exploration systems will send a crew through space at 25,000 miles per hour, travelling some 40,000 miles beyond the Moon before coming back home.
The U.K.’s newest aircraft carrier HMS Queen Elizabeth was commissioned into the Royal Navy fleet this morning by Her Majesty The Queen. Serving as the ship's Lady Sponsor, The Queen addressed guests before the ship's Commanding Officer, Captain Jerry Kyd, and read the commissioning warrant at a ceremony in Portsmouth Naval Base.
100-year young German manufacturers finds success in demanding dredging and maritime sectors Satisfaction in overall powertrain reliability often comes down to individual components, starting with the gearbox and gear wheels. To this end C. u. W Keller GmbH & Co.KG, has made investment in its products and processes – $41 million over the last 15 years – to ensure that it remains a strong link