The Philippines expressed serious concern on Tuesday over what it described as "dangerous manoeuvres and unlawful interference" by Chinese vessels during a coast guard supply mission for Filipino fishermen in the Scarborough Shoal on Monday."Their actions not only posed a grave danger to Philippine personnel and vessels
In the early hours of Friday, June 20, Great Lakes Towing tugs conducted an efficient refloating operation of the foreign-flagged freighter SUNNANVIK, which had become lodged in the narrow mouth of the Cuyahoga River near the East Bank of the Flats.At approximately 12:43 a.m., the 9,000-ton SUNNANVIK became wedged in the canal, temporarily disrupting traffic.
Van Oord's new offshore wind installation vessel Boreas was officially christened on June 18 in Rotterdam. The event marked a milestone in Van Oord’s commitment to enhancing the energy transition. In addition, Van Oord announced that it had become the first marine contractor to receive approval on science-based targets for its decarbonization approach. The Boreas was christened by Ms.
Russia said on Tuesday the U.S. had agreed to help it lift restrictions on food, fertilizer and shipping companies in exchange for agreeing to a maritime security deal in the Black Sea.The United States further said it had also agreed with Russia and Ukraine to implement a ban on military strikes on each other's energy installations.
U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal.The deal will give the U.S. consortium control of key Panama Canal ports amid White House calls to remove them from what it says is Chinese ownership.
Container shipping firm Hapag-Lloyd has secured long-term financing, in the amount of $4 billion, for 24 large container ships ordered in October 2024, with a combined capacity of 312,000 TEU.Around $900 million of the purchase price will be financed using the company’s own funds. A total of $500 million will be made available from two banks in the form of bilateral mortgage loans.
Italy police said on Wednesday they had arrested 61 people across four countries and seized 60 million euros ($67.1 million) following an investigation into international drugs trafficking and money laundering.The case had revealed criminal drugs ties between Albania and Latin America, and once again showed how criminals in Europe are using shadow networks of illicit Chinese money brokers
Van Oord has secured a contract for the land reclamation of Naïa Island Dubai, a new development located just off Jumeirah’s coastline. The project marks another milestone in Van Oord’s long-standing presence in the region, following its role in the development of projects such as Dubai Harbor, the World Islands and Palm Jumeirah.
Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A.
Without a way for industry to work together, the US, Canada, and Finland will not achieve the aims of the ICE pact, writes Denis Morais, CEO SSI.The United States and Canada have made no secret of their desire to add to their ice-breaking capacity, with ambitious plans to build the new tonnage in their home countries.
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise), includes the purchase of subsea technology from Rovtech (Seatronics), Sonardyne, Norbit, Voyis, Tritech, Digital Edge Subsea
Port Angeles, Wash. boatbuilder BRIX Marine has launched three custom-built 34-foot foil assist catamarans for Na Pali Experience, a boat tour company in Kaua'i, Hawaii. The three USCG Subchapter "T" vessels Kulea, Lanakila and Tokihi were designed in collaboration with Jutson Marine Design and feature asymmetric catamaran hulls and midship-mounted hydrofoils for improved performance in varying