The militaries of the Philippines and the United States sailed together this week at a disputed shoal in the South China Sea, Manila's armed forces said on Tuesday, in joint exercises aimed at easing cooperation between the treaty allies.Military engagements between them have soared under Philippine President Ferdinand Marcos Jr.
China's military said it had followed and monitored the transit of guided-missile destroyer USS Finn and oceanographic survey ship USNS Mary Sears through the Taiwan Strait on January 16 and 17, it said on an official WeChat account Saturday.A spokesman for the Eastern Theatre Command of the People's Liberation Army said in the statement that it remains "on high alert at all times" to
Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in Canada and Europe.
Finnøy Gear & Propeller has signed a contract to deliver complete propulsion systems for a new series of eight cargo vessels being built for the Norwegian shipping company Wilson ASA. The vessels will be constructed at Udupi Cochin Shipyard Ltd. in India and are based on a design from the Dutch company Conoship International.
On March 1, 2025, Denmark-based maritime consultancy Knud E. Hansen announced that Javier Suárez succeeds Finn Wollesen Petersen as the company’s Managing Director, part of a planned process that has been taking place over the past months, with Suárez and Petersen working together over the last few months to facilitate a smooth transition.
In the early days of dynamic positioning, the 1960s and 70s, commercial deepsea divers soon learned how good their support vessel’s DP footprint was. Their lives depended on it. If a vessel slowly, or worse still, rapidly, moved off position, they would be pulled along with it.Diver safety was an early motivator for developments in DP systems, but risks remained.