President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world's biggest historic emitter from global efforts to fight climate change for the second time in a decade.The move places the United States alongside Iran, Libya and Yemen as the only countries in the world outside the 2015 pact
The owner and operator of the cargo ship that struck Baltimore's Francis Scott Key Bridge in March, killing six people, have agreed to pay $102 million to the federal government, the U.S. Justice Department said on Thursday.The department in September filed a civil claim seeking $103 million from two Singaporean companies, Grace Ocean Private Limited and Synergy Marine Private Limited.
Vuyk Engineering Rotterdam launched its new Small Waterplane Area Twin Hull (SWATH) Service Operation Vessels (SOVs) series.A standout projects in the Vuyk Engineering portfolio is the Groenewind, the world's first DP2 twin-hulled SWATH SOV. Developed in collaboration with DEME, this vessel is designed to operate efficiently in high sea states
Damen Naval has signed contract with classification society Lloyd’s Register for the delivery of Plataforma Estratégica de Superficie (PES) frigate for Colombia, which will be built by Colombian shipbuilder COTECMAR.Following a successful design study contract with COTECMAR, Damen Naval signed a contract for the delivery of engineering
Singapore-based shipbuilder Strategic Marine has secured an order for a next-generation crew transfer vessel (CTV) from OEG Renewables, part of the OEG Energy Group, destined to operate in Taiwan.The vessel, named Wey Feng, will be the fourth StratCat 27 that Strategic Marine is building for OEG Group.
Pangaea Logistics Solutions Ltd., announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash.The deal is expected to be completed by November 1, 2024. It will see Pangea own 100% of the equity in Nordic Bulk Partners
The U.S. Department of Treasury on Wednesday sanctioned more than a dozen entities and vessels over their involvement in the shipment of Iranian crude oil and liquid petroleum gas to Syria and East Asia on behalf of the Iran's Revolutionary Guards and Hezbollah.Four ships associated with the fleet of Syrian shipping magnate Abdul Jalil Mallah, who was sanctioned by the U.S.
The Government of Bermuda’s Marine and Port Services has taken delivery of the 700-passenger ferry Bermudian after a major refit at Gladding-Hearn Shipbuilding. Engineering and project management were jointly handled by the Somerset, Mass. shipyard and Propulsion Data Services, and class oversight by Lloyd’s Register.
China and the Philippines traded accusations over a collision in the South China Sea on Monday, with Manila saying its armed forces would resist Beijing's actions in the disputed waters, the latest in an increasingly testy series of confrontations.U.S. Ambassador to the Philippines MaryKay Carlson condemned China's "aggressive, dangerous" manoeuvres in a post on X