President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m.
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia became the world’s second-largest LNG exporter after Qatar shut down production this month following damage to its facilities from Iranian strikes.
The Rio Tinto marine team ia a leading charterer, chartering and operating a fleet of more than 230 ships to transport over 300 million tonnes of product every year. Glencore shares rose by 10% on Friday following news it is in talks with Rio Tinto about a takeover that would create the world's largest mining group, valued at almost $207 billion.
ABB has verified what it calls a major advancement in vessel Dynamic Positioning (DP) technology, following successful Failure Mode and Effects Analysis (FMEA) proving trials and sea trials on board the new wind turbine installation vessel (WTIV) Norse Wind.By integrating ABB Ability Marine Pilot Control - a ship control system that unifies dynamic positioning, maneuvering
A next-generation fire suppression system capable of autonomously detecting oil fires aboard naval vessels and targeting and extinguishing them has been developed domestically for the first time. The system uses AI to determine the authenticity of a fire, activating only when an actual fire occurs.
ABB has secured a contract with Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker, which is expected to be delivered to the Canadian Coast Guard by 2030.Polar Max will be constructed through an industrial collaboration between Canadian-controlled facilities in Helsinki, Finland and Lévis, Canada. The 22,800-ton, 138.
South Korean shipbuilder Samsung Heavy Industries said on Wednesday that two orders from Russia's Zvezda worth a total of 4.85 trillion won ($3.54 billion) for icebreaker ships were cancelled due to "illegal termination by the shipowner".Samsung Heavy said in regulatory filings that in June 2024