South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan's new military submarine program, according to a police document seen by Reuters and two people familiar with the matter.In a Feb.
With the launch of Hanwha Engine, South Korea’s shipbuilder Hanwha has become fully equipped to provide total shipbuilding solutions, including engine production with in-house manufacturing and technology capabilities.Hanwha has officially launched its new affiliate, Hanwha Engine, after successfully acquiring HSD Engine, the world’s second-largest marine engine company in terms of market share.
Predictability is the aim of every human, company, or society.Humanity simply strives to increase its level of predictability whether as a person, or as a group of people. When humans attain a certain level of predictability, their hope for the future goes up and their level of anxiety goes down.
Australian offshore vessel operator MMA Offshore has acquired the vessel “Offshore Solution” to supplement its multi-purpose support vessel fleet. The Offshore Solution is a 2016 European-built, 54-meter, DP-2 multi-purpose support vessel fitted with two deck cranes, dual moon pools, and accommodation for 42 people.
Italian prosecutors have requested a former senior Eni employee, the now chief of a UK oil firm, and others be sent to trial for allegedly defrauding Eni over the attempted sale of an oil cargo to the company, a document from the Milan prosecutor's office shows.Sources previously told Reuters that the 2019 "White Moon" shipment of crude oil, purportedly from Iraq
NASA said its team members are installing pedestals aboard the agency’s Pegasus barge to hold and secure the massive core stage of NASA’s SLS (Space Launch System) rocket, indicating NASA barge crews are nearly ready for its first delivery to support the Artemis II test flight around the Moon.
ECOLOG's low pressure, shallow-draft, low carbon footprint 40,000 cbm liquid carbon dioxide (LCO2) carrier design has been awarded an approval in principle (AIP) from ABS, the classification society announced.This AIP is the result of cooperation within a joint industry project (JIP) on the detailed design development, taking into account LCO2 critical characteristics
Seaspan’s Vancouver Shipyards has presented its progress towards completing the functional design on the first heavy Polar Icebreaker in Canada in over 60 years at CANSEC, Canada’s leading defense and security tradeshow.The functional design of the vessel is now more than 70% complete, and 3D modelling of the vessel is well advanced
Towards the end of the working week, the Bangladeshi Taka crashed by about 6.4% against the U.S. dollar in a couple of days. This depreciation in the Taka will translate into higher L/C costs that should escalate by about 6% - 7% (at least), reports cash buyer GMS.This will further reduce already suffocated margins that have resulted from flatlining steel plate prices
U.S.-based Chance Maritime Technologies, a startup and service provider of uncrewed vessel technology, reports it has completed long-endurance commissioning trials of its MC-29: a 29-foot-long, mission-capable USV that operates at high power with long endurance. The vehicle completed over 40 total operational days
Norway/Uruguay-based Pesquera Azul’s has successfully trialed an innovative catch protection cage in whale-rich waters in the southern Indian Ocean. The company says it is a potential game-changer for the longline fishing industry as it grapples with the challenge of whale depredation.
Bath, Maine shipbuilder General Dynamics Bath Iron Works on Saturday christened the U.S. Navy’s newest guided missile destroyer, the future USS Harvey C. Barnum Jr. (DDG 124). The ship is named for Col. Harvey C. Barnum, Jr., who received the Medal of Honor for his heroism on the battlefield during Operation Harvest Moon in the Que Son Valley during the Vietnam War.