Sweden will order four navy frigates from France's Naval Group in a $4 billion deal that will triple its air defence capacity as the new NATO member focuses on security threats in the Baltic Sea, its prime minister said on Tuesday.Sweden is racing to build up its military in the wake of Russia's invasion of Ukraine and the Nordic country's subsequent accession to NATO
Shipping giants CMA CGM and Hapag-Lloyd said on Sunday they had suspended all bookings to and from Cuba until further notice, with both citing a U.S. executive order issued on May 1, in the latest blow to the crisis-wracked island's economy.The temporary suspension of new orders by two of the world’s largest shipping companies could jeopardize as much as 60% of Cuba's shipping traffic by volume
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
All-Cash Deal, Expanding Brazil FootprintTidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.
Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow to companies such as Danish shipping group Maersk
The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas."While some observers believe the October 14 deadline may be extended - or even scrapped - as part of broader negotiations
As part of the ESAB Future Fabricators program, ESAB announced that it will again sponsor the “Blue Collar Tour,” featuring Western Welding Academy, continuing their shared mission to increase the interest and awareness of high school students in the skilled trades. The 2026 tour starts January in Stratton, Colorado, and includes 31 total stops in 21 states before concluding in mid-March.
More than 90% of global freight is transported by over 33,000 merchant marine vessels powered by two stroke crosshead engines as their main source of propulsion; the two-stroke diesel engine has been the backbone of global trade and globalization for well over half a century. Among one of the key factors supporting the reliability and uptime of these engines, keeping trade moving
Fincantieri and Princess Cruises celebrated the delivery of Star Princess, the second LNG-powered (liquefied natural gas) cruise ship in Princess Cruises’ Sphere Class, at the Monfalcone shipyard.The ceremony was attended by Gus Antorcha, President of Princess Cruises, Mauro Bordin, President of the Regional Council of Friuli Venezia Giulia, Ester Fedullo, Prefect of the Province of Gorizia
Kilimanjaro IX, a 53-metre high-speed ferry designed by digital shipbuilder Incat Crowther for Tanzania’s Azam Marine, has been launched by AFAI Southern Shipyard in Guangzhou, China and will soon begin sea trials.The vessel is the 12th high-speed ferry designed by Incat Crowther for the Tanzanian operator and will service Azam Marine’s popular routes to and from Dar-es-Salaam on the Tanzanian
French shipping and transport company CMA CGM said on Thursday it was taking measures to put some of its vessels in areas of safety due to harsh weather in parts of the Atlantic."Severe weather conditions are currently impacting the navigation conditions in the Atlantic, along the French, Spanish and Moroccan coastlines, with an event of exceptional intensity and duration
Fabrication technology specialist ESAB has enhanced its Rogue ES and ET line of inverters by adding DC Pulsed Stick welding functionality to all three models in the series.The models that received the upgrade include Rogue ES 151iP PRO and Rogue ES 201iP PRO Stick/Live TIG welders and the Rogue ET 201iP PRO