Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).
The threat that AI and quantum computing pose to cyber security is already here, even before these technologies are mature enough to crack today’s encryption methods. Bad actors are taking a “harvest now decrypt later” approach to cyberattacks.Classical encryption methods like Rivest–Shamir–Adleman (RSA) and Elliptic Curve Cryptography (ECC) rely on the difficulty of factoring large numbers or
The Trump administration has pulled out of the decarbonization negotiations taking place at the IMO’s Marine Environment Protection Committee (MEPC) 83rd session this week.The US government is threatening reciprocal measures if any fees are imposed on US vessels based on GHG emissions or fuel choices.
Compassion in World Farming campaigners gathered at the port outside Brittany Ferries headquarters in Portsmouth, UK, on Saturday to call on the company to reverse its decision made earlier this year to resume the live export of farmed animals from Ireland to France after a 30-year hiatus.
Resorts World Cruises announced the return of two iconic Asian cruise brands – StarCruises and Dream Cruises. The Resorts World Cruises brand was used temporarily to restart cruising in Asia post-Covid and will be reverting to its roots over the last 30 years. The brand transition period will take approximately three months with the renewed ambition to reinforce StarCruises and Dream Cruises as
The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of over $350 million in infrastructure upgrades over the next three years.This investment will ensure the Seaway’s continued reliability and efficiency, while creating jobs and strengthening local communities.
The Maritime Safety Committee (MSC) will meet for its 109th session at IMO Headquarters in London (in-person with hybrid participation) from 2 to 6 December 2024.The meeting will be chaired by Mrs. Mayte Medina of the United States, supported by Vice-Chair, Capt. Theofilos Mozas of Greece.
The Executive Control Board of the National Shipbuilding Research Program (NSRP) selected 13 panel projects for award as part of the program's mission to reduce costs and expand capability for U.S. shipbuilding and ship repair. These new projects, valued at over $2.55M in government funding, were among those proposed in response to the Panel Project Solicitation issued in June 2024.
Skiers in Tahoe will soon reach the slopes faster, as Candela and FlyTahoe announce the introduction of the first U.S.-based Candela P-12, a groundbreaking foiling electric ferry, on Lake Tahoe.• The world's first electric, hydrofoiling ferry will reduce travel times for Tahoe locals and visitors, providing a much-needed north-south connection across the lake, while also helping to cut emissions.
Maritime entrepreneur is a long-time advocate for diversity and inclusion in the shipping industry. Ms. Karin Orsel, co-founder and CEO of the MF Shipping Group based in the Kingdom of the Netherlands, has been selected to receive the 2025 IMO Gender Equality Award. The Award is bestowed on individuals who have made significant contributions to advancing gender equality and the empowerment of
Orders of new container vessels are up by approximately 52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023, according to a new report by Veson Nautical's data intelligence arm VesselsValue.The report, titled ‘Golden Age: Container shipping’s post-covid boom continues’, states that in addition to the huge uptick in orders
When asked why pilots(1) are so effective, most say, “They know the local waters.” While true, there are other important factors that make pilotage so effective.Compulsory pilotage is navigation safety regulation, and by far the most effective mechanism available to governments to protect the marine environment while facilitating maritime commerce(2).