While political winds in the U.S. have significantly tampered many ‘green’ projects, Curtin Maritime is domiciled in California, which is globally known for its strict environmental initiatives. To that end, Curtin Maritime inked a contract recently to invest $160m for eight new hybrid-electric tugboats, vessels being built by Snow & Co.
European defense giant Rheinmetall has signalled interest in taking over German shipbuilder Naval Vessels Luerssen, industry sources told Reuters on Wednesday, as the Duesseldorf-based firm looks to expand into the naval business.According to the Bild newspaper, which first reported Rheinmetall's plans, the supervisory board intends to consider the purchase in the coming weeks.
U.S. President Donald Trump wants a pay raise for troops, more high-tech missiles and drones in next year's defense budget, while cutting Navy jobs, and buying fewer ships and fighter jets to save money, according to budget materials posted Wednesday.At $892.6 billion, the defense and national security budget request is flat compared with this year.
Hundreds of Lebanese gathered solemnly near Beirut's coast on Monday to commemorate a half-decade since the cataclysmic port blast of 2020, when more than 200 people were killed in one of the largest non-nuclear explosions in history.Carrying Lebanese flags and portraits of some of the victims
The Southeast Asian bloc ASEAN on Tuesday announced an ambitious strategic plan that includes harmonising trade standards and greater financial integration in an effort to collectively become the world's fourth-largest economy.The five-year, 41-page plan for the 10-member Association of Southeast Asian Nations, released during a leaders' summit in Malaysia, calls for increased regional trade
Torres del Paine National Park, Chile: MarineNews' Joe Keefe is on holiday in Patagonia this month. Off the grid; way off the grid. “I keep trying to escape the waterfront, but they keep dragging me back in,” Keefe writes, and today was no different.The 9-mile trek through the Patagonia forests and Rocky Mountains almost took Keefe out.
Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms.Eurazeo made the investment through its Eurazeo Transition Infrastructure Fund (ETIF)
Taiwan's Presidential Office held its first "tabletop" exercise involving government agencies beyond the armed forces on Thursday, simulating a military escalation with China amid renewed threats from Beijing, officials said.Dozens of central and local government agencies as well as civil groups participated in the three-hour exercise, the sources said
While the U.S. Navy’s first Constellation-Class Frigate (FFG 62) is under construction in the United States, Norway is showing serious interest in the guided-missile frigate, as well as bolstering its longstanding strategic partnership with America.Last week Norwegian Minister of Defence, Mr.
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's promise to end an expanded Department of Energy review that has slowed new export permits.
The Philippines will acquire 40 fast patrol craft for its coast guard to boost its maritime security, the economic planning agency said on Tuesday.The purchase, to be funded by official development assistance from the French government, was approved by the National Economic and Development Authority Board, chaired by President Ferdinand Marcos Jr.
The U.S. Coast Guard worked alongside international partners to seize tens of millions of dollars worth of cocaine from drug smugglers in the Caribbean Sea.The Coast Guard said its cutter Diligence offloaded more than 4,125 pounds of cocaine, worth an assessed street value of approximately $54 million, in Port Everglades, Fla. on Monday.