The United States is watching growing cooperation between Russia and China in the Arctic closely and some of their recent military collaboration in the region sends "concerning signals", the U.S. Arctic ambassador said.Russia and China have stepped up military cooperation in the Arctic while deepening overall ties in recent years that include China supplying Moscow with dual-use goods despite
Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid.New LNG tankers, built in anticipation of rising U.S.
The mobile wind power installation platform Hengtong Haiyue has been delivered to the Hengtong Group by Jiangsu Dajin Heavy Industry in China.The mobile platform is equipped with a 1,600t leg encircling full-circle slewing crane as well as a 4,000m2 deck with a variable load of over 8,500t, and is capable of installing 20MW offshore wind turbines.
Salvors have recovered Fiji's naval patrol boat RFNS Puamau, three weeks after the brand new vessel went aground on its maiden patrol.The vessel was successfully recovered from the reef at Fulaga and towed to the safe waters of Ogea Island where a thorough damage assessment will be conducted, the Republic of Fiji Navy said.
Responders are working to salvage Fiji's brand new naval patrol boat, which ran aground during its maiden voyage last week.The vessel, RFNS Puamau, is a Guardian-class Patrol Boat (GCPB) built by Austal for the Australian Department of Defence, which gifted the vessel to the Republic of Fiji Navy.
Spiking ocean shipping rates, vessel backups at seaports and empty container shortages - issues that wreaked havoc on global trade during the COVID pandemic supply-chain crisis - are back as the industry enters its busy season."There is a cocktail of uncertainty and disruption across global ocean freight supply chains," said Peter Sand, chief analyst at pricing platform Xeneta.
Hong Kong-based Cosco Shipping Ports said on Saturday that a worker died in an early-morning accident at a megaport it is building on Peru's Pacific coast.The worker was doing sanding and painting work at the deepwater Chancay Port Terminal when the accident occurred, the company said in a statement.
The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal.Hong Kong-based Cosco Shipping Ports will defend its legal rights to provide services as the exclusive operator of the deepwater Chancay Port Terminal
The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama Canal's water levels and contributed to shipping restrictions that disrupted global trade, a study released on Wednesday found.Prioritizing water for human consumption rather than for the canal also played a role in shipping restrictions
Yemen's Houthis said on Friday that the group launched an attack on "Pacific 01" ship in the Red Sea with missiles.Houthis used drones to attack a U.S destroyer, said a statement published by group's military spokesperson.It did not give any evidence of such an attack.(Reuters - Reporting by Mohammad Ghobari and Ahmed Elimam; Editing by Michael
Belgium-based offshore installation services company DEME has installed the first XXL monopile foundation at the 882 MW Moray West offshore wind farm in Scotland.DEME used its Orion offshore installation vessel to complete the task, which is part of its work scope that includes both the installation of monopiles and transition pieces.
Pacific Northwest seaports Seattle and Tacoma have signed design agreements with the U.S. Army Corps of Engineers (USACE) for a pair of waterway navigation improvement projects.The Seattle Navigation Improvement Project, authorized by Congress in 2018, and the Tacoma Harbor Navigation Improvement Project, authorized in 2022