European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out of U.S. assets, vulnerable to setbacks.
Specialist provider of crew transfer solutions to the offshore wind industry Tidal Transit has unveiled the latest addition to its growing fleet of purpose-build crew transfer vessels (CTVs).The new 24-passenger CTV, Emilia Jane, is the latest WindFlex-27 with quad-IPS propulsion, designed by Incat Crowther UK and built by Penguin International.
In the 1990’s, my father was asked to attend a side shell damage on a US Navy vessel. The damage was caused by assist tug hard contact. He surveyed the damage and came back to the office to write it up. His partner Harry Ottaway saw my Dad’s commercial damage repair estimate, and said: “Henk it is a Navy ship. Double it, and double it again”.
HD Hyundai Samho has delivered its first-ever very large ammonia carrier (VLAC), the 93,000-cubic-meter Jane Maersk, to Danish shipping company Maersk.The vessel is the first of five ordered in November 2023 and is capable of transporting both liquefied ammonia and LPG. To safely handle ammonia’s highly corrosive and toxic properties, it is equipped with advanced systems
Cemex US and Port Tampa Bay, joined by Tampa Mayor Jane Castor, have celebrated the opening of the newly expanded Cemex Aggregate Terminal at Port Tampa Bay.The expansion, supported by a $29 million Cemex investment and a $7 million Florida Department of Transportation grant, significantly increases the terminal's capacity to receive, store and distribute the aggregates used in concrete
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, shipping data on LSEG and Kpler showed.The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships
Two Chinese supertankers carrying 4 million barrels of Middle East crude oil exited the Strait of Hormuz on Wednesday after waiting in the Gulf for more than two months, shipping data on LSEG and Kpler showed.The ships are among a handful of supertankers carrying Iraqi crude exiting the Gulf this month via a transit route that Iran has ordered ships to use.
Gander Robotics, a defense and dual-use robotics company developing autonomous rescue systems for maritime operations, has closed a $1.1 million pre-seed funding round.The round was co-led by Impellent Ventures and Underscore VC, marking Gander's official launch.The company traces its origins to MIT Sloan
Maersk said on Thursday that one of its services will resume using the Red Sea and Suez Canal this month, marking a key step towards ending two years of global trade disruption due to attacks on ships by Yemeni Houthi rebels.The Danish shipping group's share price fell more than 5% on the news, reflecting the likelihood of lower freight rates as vessels gradually return to the shorter Suez route.