HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai's shipbuilding business, has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships.The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height.
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
Malaysian patrols searched coastal waters in the Andaman Sea on Monday for dozens of members of Myanmar's persecuted Rohingya minority, after a boat believed to be carrying them sank last week and another went missing.At least 21 bodies have been found since the vessel went down on Thursday - 12 in Malaysia and nine in neighbouring Thailand - the regional head of Malaysia's maritime agency
Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China.Trump quickly reversed course by lowering the rate to 30%. That cost increase on goods from the nation's No.
The maritime industry has worked with a single fuel source for over a century and with the rush to meet emission standards in both domestic and foreign markets, adapting to the current list of alternative fuels is going to present significant problems. Each market has its issues whether bluewater, brownwater, coastal, foreign or domestic.
U.S. President Donald Trump’s regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfishing of Atlantic bluefin tuna, according to Reuters interviews with industry groups and federal government employees.
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas
The shipping industry has been watching the dual-fuel engine choices made for newbuildings as an indicator of what many see as an uncertain fuel future.In December, DNV’s Alternative Fuels Insights platform counted 27 ammonia and 322 methanol-fueled vessels currently on the orderbooks.Methanol has raced ahead of ammonia, which currently lags in both engine and regulatory development.
The more than half decade that has passed since the inception of the subchapter M towboat rule affords an up-close-and-personal look at how it is going. The scorecard is a mixed bag.More than six years ago, the U.S. Coast Guard (USCG) began inspecting towing vessels for compliance with the new towboat rules; specifically, 46 CFR Subchapter M.
The maritime industry’s elusive quest to achieve so-called ‘zero’ emissions continues. Where it ends is not a one-size-fits-all discussion.The year-end maritime industry discussions tend to move away from global influence and back drift to national and domestic debates. As this happens
You would be hard pressed to find a corporate leader more passionate about the company they lead; more dedicated to the customer they serve. In this case it’s George Whittier, CEO, Fairbanks Morse Defense and the U.S. Navy. Upon his return less than five years ago, Whittier has driven FMD towards the top of the U.S. Navy supply heap, with a string of strategic acquisitions.
This week at MarineLink…A group of people met at the University of Alaska Fairbanks at the end of October to brainstorm a possible new economy for Alaska and a clean energy source for the world: geologic hydrogen.It’s not that new a concept. Villagers in Bourakébougou, Mali, found a source of geologic hydrogen while unplugging an old water well in 2011.