Maritime systems supplier Brunvoll has signed a contract with Simon Møkster Shipping to deliver upgrades for Stril Mermaid and Stril Mariner vessels.In addition to replacing the existing DP2 systems for the two vessels, Brunvoll will also replace the current propulsion and thruster control systems, as well as the independent joystick system.
The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to March 2025, a key decision amid a seven-year-long legal case in which the refiner's parent might be auctioned to pay creditors.Citgo's parent, PDV Holding, was found liable by the court for Venezuela's debts from asset expropriations and debt defaults.
The armed forces of five countries conducted joint maritime exercises in a portion of the South China Sea on Saturday as China carried out its own military drills in the disputed waterway.The exercises involving the Philippines, United States, Australia, Japan and - for the first time - New Zealand took place in Manila's exclusive economic zone and sought to improve the militaries'