South Korea’s leading shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has submitted an application to the European Union for approval for its takeover of the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).According a Yonhap report, HHI informed that the submission will be reviewed by anti-trust authorities at the European Commission
Maritime autonomous surface ship (“MASS”) technology continues to advance at a rapid pace around the globe. Although it’s not being embraced as quickly in the United States commercial market as other parts of the world, U.S. industry professionals and regulators look forward to continued development and implementation as a means to improve efficiency and safety.OpportunitiesThe U.S.
India's two main ports said on Thursday they had been warned by the coastguard and intelligence officials that Pakistan-trained commandos have entered Indian waters to carry out underwater attacks on port facilities.The Mundra Port, run by Adani Ports and Special Economic Zone Ltd, and the state-owned Kandla Port had asked their employees and ship operators to be vigilant
A seven-meter (23-foot) long, wind-powered unmanned surface vehicle (USV) called a saildrone has become the first unmanned system to circumnavigate Antarctica.The vehicle, known as SD 1020, was equipped with a suite of climate-grade sensors and collected data in previously unchartered waters, enabling new key insights into ocean and climate processes.
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co. (DSME).HHI has submitted a request for the formal approval from the South Korea’s Fair Trade Commission (FTC), as well as from antitrust authorities in Japan, China
Hungarian salvage crews prepared on Monday to raise the wreck of a pleasure boat that capsized on the Danube river in Budapest, killing 26 South Korean tourists and two local crew.The Mermaid sank after a large Swiss-owned cruise liner struck it from behind on May 29 as both vessels passed under a 19th century bridge in the Hungarian capital during heavy rain.
An Italian charity ship was escorted into the port of Lampedusa by police on Tuesday after rescuing 49 Africans in the Mediterranean, with Interior Minister Matteo Salvini calling for the crew to be arrested.A judicial source said a magistrate had ordered that the boat, the Mare Jonio, be seized as an investigation is launched into allegations of aiding and abetting human trafficking.
With less than ten months before the IMO 2020 regulation on sulfur oxide emission goes into effect Jan 1, carriers and shippers alike are facing an 'uncomfortable uncertainty' over its potential effects on costs and freight rates as they enter the 2019-2020 trans-Pacific contracting period.
The exposure of five Philippine banks to financially distressed Hanjin Heavy Industries and Construction Co. Philippines (HHIC-Phil), which recently declared bankruptcy after it defaulted on over $400 million in loans, could put pressure on their credit ratings.Their exposure to what may well be the largest corporate default in Philippine banking history may put pressure on the credit ratings of
Mr. Cernak was AAPA’s immediate past Chairman and its 2019 Cruise Award recipient.Port Everglades Chief Executive and Director Steven M. Cernak passed away over the weekend, following a long, valiant battle with cancer. He was the immediate past Chairman of the American Association of Port Authorities (AAPA) and immediate past Chairman of the Florida Ports Council.Upon learning of Mr.
The 400-MW Rampion offshore wind farm off the Sussex coast in the UK has been officially opened, said German energy company E.on SE. The offshore wind farm now generating enough green electricity for around 350,000 UK homes setting a new power record in the country.Three years of construction officially came to an end on Saturday (November 29) at a ribbon cutting ceremony for the Rampion
The Port of Rotterdam Authority signed individual Letters of Intent (LoI) with four enterprising new companies that are expected to help make the port more sustainable, more efficient and ‘smarter’.Agreed during the fourth edition of PortXL, an annual innovation programme in which start-ups receive intensive coaching from private-sector experts