As global demand for data storage and processing accelerates — driven by cloud computing, streaming media, and the explosive growth of artificial intelligence — the physical footprint of data centers has become a growing challenge. Land-based facilities face mounting constraints: limited space, water scarcity, grid congestion, long permitting timelines and rising community opposition.
German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing market volatility and rising costs.The company narrowed its full-year earnings before interest and taxes (EBIT) forecast to between 0.5 billion and 1.
U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.
The impact of software on the performance of vessels and fleets was described by ABS Chairman and Chief Executive Christopher J. Wiernicki at a launch event in Greece for ABS Wavesight Advantage, a new intelligent platform.“In an industry where every ton and every ton-mile counts, ABS Wavesight Advantage puts the Power of One in your corner.
South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S.
Researchers in South Korea at the Korea Institute of Machinery and Materials (KIMM) have reportedly developed a hull-attached sensor-based system for predicting underwater radiated noise (URN), a key factor in naval stealth operations.KIMM Develops First Hull-Attached Sensor System for Predicting Underwater Radiated NoiseNew algorithm predicts underwater noise in real timeBoosts naval stealth
The world's largest car carrier making its maiden voyage is generally cause for celebration. But in the case of Chinese car manufacturer BYD and its mammoth new BYD Shenzhen -- a 16,300 dwt, 9200 CEU, LNG Dual-Fuel PCTC that measures 219.9 x 37.7m with a 9.2m draft -- the ship instead represents the flooding of a market with cheap electric vehicles (EVs).
ABS awarded approval in principle (AiP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.The development of the barge design is a core component of the Tampa Regional Intermodal Carbon Hub (T-RICH) project to receive
Fast-growing energy demand is driving the need for technical support and guidance in new locations, writes Terrance Roberts, Manager, Global Business Development, ABS.Surging appetite for natural gas is accelerating the development of global and regional supply chains, with established producers seeking new markets and emerging suppliers looking to meet demand from local consumers.
Operating one of the world’s largest marine fleets of any kind, it is Svitzer’s local footprint that speaks volumes for its diverse and far-flung workforce and assets. Strengthened by a multi-national team, providing value in more than three dozen countries, Svitzer stands out every day.
Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the
In an article by Rhonda Moniz published this week on MarineLink, Siemens sales executive Ed Schwarz noted the flexibility provided by an electric distribution “backbone” that enables ferry operators to add more batteries, switch to new fuels or become 100% emission free with fuel cells.