Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they defied orders to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and the Mediterranean Shipping (MSC)
Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang onto power in the face of U.S. threats of more military action.
China launched its most extensive war games around Taiwan on Monday to showcase Beijing's ability to cut off the island from outside support in a conflict, testing Taipei's resolve to defend itself and its arsenal of U.S.-made weapons.The Eastern Theatre Command said it had deployed troops, warships
Oil futures fell on Tuesday as attention turned to Middle East peace talks, though prices remain near multi-month highs as the Houthi-Saudi Arabia conflict rages and the potential for fresh US-Israeli attacks hangs over the market.Brent crude futures were down $1.00, or 0.86%, at $114.81 a barrel by 1311 GMT. US West Texas Intermediate crude was down 78 cents, or 0.77%, at $100.98.
Fincantieri hosted Acting U.S. Navy Secretary Hung Cao and senior federal officials at its Marinette and Sturgeon Bay shipyards in Wisconsin, highlighting investments in advanced manufacturing, automation and expanded shipbuilding capacity as the company prepares for construction of the U.S. Navy's Landing Ship Medium (LSM) vessels.
There were eight suicide attempts among US sailors on board the Abraham Lincoln carrier strike group during its extended 286 consecutive-day deployment at sea, the Pentagon told a lawmaker in a written response to questions.The nuclear-powered Lincoln, with roughly 5,000 personnel
Stillstrom by Maersk has signed a letter of intent (LOI) with Semco Maritime to manufacture and deliver a key part of its offshore vessel charging system, moving the technology into manufacturing following completion of its design phase.Semco Maritime will manufacture the local equipment room, or local equipment room (LER), which controls power
Interferry, the global voice of the ferry industry, endorsed the European Commission’s launch of the Industrial Maritime Strategy and the inherent critical recognition of the ferry sector’s strategic importance. Notably, the push for Member States to reinvest EU Emissions Trading System (ETS) revenues into maritime decarbonization aligns directly with Interferry’s long-standing recommendations.
Kongsberg Maritime has been selected to supply a fully integrated equipment package for a next-generation ultra-large cable laying (CLV) vessel being built for LS Marine Solution at Tersan Shipyard in Türkiye.The vessel, designed to support growing global demand for subsea high-voltage direct current (HVDC) and optical cable installation, will be 148.
Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they refused to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and Mediterranean Shipping (MSC) was
The U.S. has seized the Olina tanker in the Caribbean, the fifth vessel targeted in recent weeks as Washington steps up efforts to curb Venezuelan oil exports, U.S. officials said on Friday.The Olina, which according to public shipping database Equasis was falsely flying the flag of Timor Leste, previously sailed from Venezuela and had returned to the region
Stillstrom by Maersk, a marine technology leader delivering offshore power and charging solutions, has strengthened its leadership team with key senior appointments in Copenhagen and Aberdeen.Nikolaj Stald has joined as Chief Commercial Officer (CCO) at the company’s HQ in Copenhagen.