Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard.Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the Japanese offshore wind sector.
A South Korean court on Saturday issued arrest warrants for a former defense minister and a former coast guard chief over their alleged mishandling of the death of a state fishery ministry employee at the hands of North Korean troops two years ago.The decision by the Seoul Central District Court, which cited risks of them fleeing or destroying evidence
Rarely does a vessel come along with the potential to radically change the way an industry operates, but one such vessel is set to hit the water in 2023.This new vessel, a towboat named Hydrogen One, is being developed by Louisiana-based Maritime Partners, the largest lessor of marine equipment in the U.S.
China's threat of force is undiminished, Taiwan President Tsai Ing-wen said on Thursday, even though Beijing's largest ever military drills around the island seemed to be scaling down.Furious about a visit to Chinese-claimed Taiwan last week by U.S. House of Representatives Speaker Nancy Pelosi
South Korean contract workers at the country's No.3 shipbuilder agreed on Friday to end their strike after accepting a much smaller wage hike than demanded as well as job guarantees, union officials and subcontractors said.Since late last month, about 100 sub-contractors pressing for an increase of 30% have occupied the main dock at the shipyard run by Daewoo Shipbuilding & Marine Engineering
Chinese search and rescue officials pulled 12 bodies on Monday from waters southwest of Hong Kong after an engineering vessel snapped in two as tropical storm Chaba passed through, state television said.Maritime authorities of the southern province of Guangdong were stepping up efforts to identify the bodies, suspected to have drowned
China launched its third aircraft carrier on Friday, the Fujian, named after the province opposite self-ruled Taiwan, sending a statement of intent to rivals as it modernizes its military.President Xi Jinping has made overhauling the world's largest armed forces a central part of his agenda, seeking to project power well beyond China's shores, though the government says it has no hostile intent.
Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said.With U.S. LNG exports rising
Hyundai Heavy Industries Holdings said on Monday it had appealed to an EU court to fight the European Commission's January decision to block its takeover bid for rival shipbuilder Daewoo Shipbuilding & Marine Engineering.The suit, made to the European Union's General Court, was filed on March 23, a Hyundai spokesperson said.
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139.13 and U.S. West Texas Intermediate (WTI) hit $130.
A first of its kind cleaner burning methanol-fueled towboat is set to hit the water in 2023 as the maritime industry continues to develop and implement new technologies for cleaner vessel operations.The Hydrogen One is being developed by owner Maritime Partners in cooperation with naval architecture firm Elliott Bay Design Group and hardware suppliers e1 Marine and ABB.
Singapore-based offshore shipping, shipbuilding, and ship maintenance company Marco Polo Marine has partnered up with green tech ship design company Seatech Solutions International to co-develop two new specialized offshore wind service, operation, and maintenance vessel and the commissioning Service Operation Vessel (CSOV), for the global offshore wind farm market.