Canadian shipbuilding group Davie announced it has finalized its acquisition of Finland’s Helsinki Shipyard Oy, which has struggled to gain new business due to Western sanctions against Russia.The deal has been nearly a year in the making, starting from December 2022. By March 2023, Davie exercised an exclusive option to purchase the assets of Helsinki Shipyard.
Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming.Israel has vowed to annihilate Islamist group Hamas after its fighters stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more than 220 hostages.
Singapore-based Berge Bulk has launched a ship fitted with steel-and-composite sails to cut fuel consumption and carbon dioxide emissions, with an eye to converting more vessels that ply routes with favourable wind conditions.The dry bulk carrier Berge Olympus, equipped with four sails known as WindWings, is chartered by mining giant Vale and will sail between Brazil and China
A federal judge in Louisiana has ordered an expansion of next week's sale of oil leases in the Gulf of Mexico, saying the Biden administration must include additional acreage, according to a court ruling issued late on Thursday.The oil and gas industry, which had sued the administration
Britain on Monday accused Russia of targeting a civilian cargo ship at port in the Black Sea on Aug. 24 in a previously unconfirmed missile attack it said was successfully thwarted by Ukrainian defences.Ukraine has been making efforts to allow vessels stranded in Odesa port since the start of the Russia-Ukraine conflict to sail into open waters after the collapse of the UN-backed Black Sea
Four former U.S. Navy officers charged in a massive bribery scandal linked to the man known as Fat Leonard were cleared of felony charges on Wednesday by a judge citing prosecutor misconduct.U.S. District Judge Janis Sammartino said in a sentencing hearing that prosecutors' conduct "can only be described as outrageous," the San Diego Union-Tribune reported from the courthouse.
The five people aboard a missing submersible are thought to be dead, according to the company that owns the vessel, bringing a grim end on Thursday to the massive search for the vessel that was lost during a voyage to the Titanic."These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans
The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries.The deal was reached with assistance from Acting U.S. Labor Secretary Julie Su
Shipbuilding group Chantier Davie Canada announced it has exercised an exclusive option to purchase the assets of Finland’s Helsinki Shipyard Oy, which has struggled to gain new business due to Western sanctions against Russia.The deal remains subject to financial, regulatory and legal considerations, as well as final decision making by Davie, the company said.
Twenty-five people were injured when a ship came off its holding and tipped on its side in a dry dock in Leith, Scotland on Wednesday, the Scottish Ambulance Service said, with 15 taken to hospital.Ten people were treated and discharged at the scene, the emergency service added in a statement.Pictures posted on Twitter showed a large ship propped up against the wall of a dry dock.
Rare video footage showing the Titanic ocean liner on the floor of the Atlantic is being released on Wednesday, decades after the discovery of the wreckage and more than a century after the ship hit an iceberg and sunk.The footage from Woods Hole Oceanographic Institution (WHOI) was shot about 2 miles (3 km) below the ocean's surface, just months after explorers found the wreckage in 1985.
The U.K. has awarded Babcock International’s Rosyth shipyard a £45 million (approx. US$56.6 million) contract to maintain its fleet of three scientific research vessels.The initial three-year contract, announced by U.K. Industry and Maritime Minister Nusrat Ghani earlier this month, will see the large oceanographic and polar research vessels RRS Sir David Attenborough