With the U.S. Navy and U.S. Coast Guard FY 2025 budget requests offering uninspiring news for traditional shipbuilders, industry observers might be forgiven for checking out and dismissing 2024 as just another dull year in the frustrating business of government shipbuilding.But with an election season underway and an increasingly disorderly sea
Cambodia plans to cut shipping through Vietnamese ports by 70% as a result of a $1.7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast, the country's deputy prime minister told Reuters.Sun Chanthol downplayed environmental concerns about the Funan Techo canal slated to break ground later this year
New York-based Kalypso Offshore Energy on Monday announced it is teaming up with Dutch marine technology group and shipbuilder Royal IHC to design and construct a Jones Act compliant cable lay vessel (CLV)—the first purpose-built for the U.S. offshore wind market.Under a newly signed letter of intent (LOI), the partners are working together to finalize contract
Five people were killed after a barge collided with a bridge over a waterway in China's Pearl River Delta near Guangzhou city, causing part of the bridge to break off, plunging vehicles into the water, Chinese state media reported on Thursday.The barge was travelling from Foshan city to a southern district of Guangzhou when it crashed into the bridge at 5:30 a.m.
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than feared on oil flows
The 2023 IMO Award for Exceptional Bravery at Sea has been presented to Caleb Halle, Aviation Survival Technician Second Class (AST2) of the United States Coast Guard (USCG). He was recognized for the outstanding courage, endurance and determination he showed during the rescue of the seven-strong crew of the tugboat Legacy in January 2023.
Canadian shipbuilding group Davie announced it has finalized its acquisition of Finland’s Helsinki Shipyard Oy, which has struggled to gain new business due to Western sanctions against Russia.The deal has been nearly a year in the making, starting from December 2022. By March 2023, Davie exercised an exclusive option to purchase the assets of Helsinki Shipyard.
Over the past year North Korea has moved to boost its navy with new nuclear weapons, including an underwater drone, warships, and its first operational missile submarine, unveiled on Friday.North Korea's navy has historically been dwarfed by the country's land forces, and overshadowed by its rapidly advancing ballistic missile program.
Cambodia will begin construction of its Chinese-backed $1.7 billion Techo Funan canal this August, Prime Minister Hun Manet said, describing the development as a "historic project".The 180-km (112-mile) canal that will connect the Mekong River basin to the Cambodian coast has caused tension between Cambodia and neighboring Vietnam, and sparked fears that it could be used by Chinese warships.
Dutch manufacturer Huisman has entered the port and logistics market with the order for series of automated stacking cranes (ACSs) from Hutchison Ports ECT Rotterdam (ECT).The ACSs will serve for the efficient handling and buffering of containers. The cranes feature a fully automated process for handling and buffering containers, providing a solution for enhanced operational efficiency
Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China.
The southern Ukrainian region of Odesa, which has ports on the Black Sea and Danube River, is introducing a new export control mechanism for grain, regional governor Oleh Kiper said on Thursday."From now on, vessels (barges) will be loaded only after a preliminary analysis of the legality of the grain's origin," he said