Italy's Fincantieri will sign as prime contractor a contract worth 1.35 billion euros ($1.64 billion) for the construction of two new-generation submarines for the Italian Navy, the shipbuilder said on Friday.The contract, signed together with OCCAR (the international organization for joint armament cooperation) includes an option for the construction of two additional units, a statement said.
Germany's Hapag-Lloyd sees its first-quarter operating profit more than tripling to at least 1.5 billion euros ($1.81 billion) thanks to strong demand for container transportation amid the coronavirus pandemic, it said on Tuesday.The company expects demand for seaborne shipments normalizing over the course of the year.
Pete Buttigieg, President Joe Biden's nominee to head the U.S. Department of Transportation, has voiced his support for the Jones Act, a federal law that regulates maritime commerce in the United States.Buttigieg's comments came in response to questioning by Sen. Maria Cantwell (Dem.-Wash.
The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington's sanctions on the South American nation.The measure targets a network that the U.S. Treasury Department says helped the administration of President Nicolas Maduro
Interpol has issued red notices for the captain and owner of the ship that carried the chemicals which devastated Beirut in an explosion in August, killing 200 people, Lebanon’s state media said.Five months since one of the biggest non-nuclear blasts on record, big questions remain about the ammonium nitrate that detonated after being stored at the port for years.
A Russian fishing trawler capsized and sank in the freezing waters of the northern Barents Sea on Monday, with 17 of its 19 crew members feared dead.The Emergency Situations Ministry attributed the sinking to a heavy build-up of ice on the trawler, which sank off the coast of the Novaya Zemlya archipelago.
The world's first very large gas carrier (VLGC) to run on liquefied petroleum gas (LPG) dual-fuel propulsion technology has completed sea trials, shipowner BW LPG announced Wednesday.BW Gemini and its newly retrofitted LPG propulsion technology were tested to their safe limits by an expert team from engine manufacturer MAN Energy Solutions
Lebanon has asked Interpol to issue arrest warrants for the Russian captain and owner of the ship that brought the explosive material that detonated at Beirut port in August, killing nearly 200 people, state media reported on Thursday.About two months after the explosion that injured thousands and ravaged the Lebanese capital, questions remain about why and how the cargo was abandoned in Beirut.
A Panama-flagged ship boarded by Somali police is safe and underway, the EU Naval Force said on Saturday, after conflicting reports two days earlier about whether it had been hijacked by Somali pirates.The Aegean II had originally altered its course due to a damaged hull and after local police had boarded it, "there had been certain incidents on board the vessel", the EU force said in a statement.
The chemicals that went up in flames in Beirut's deadliest peace-time explosion arrived in the Lebanese capital seven years ago on a leaky Russian-leased cargo ship that, according to its captain, should never have stopped there."They were being greedy," said Boris Prokoshev, who was captain of the Rhosus in 2013 when he says the owner told him to make an unscheduled stop in Lebanon to pick up
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.The startup, formed by two former Uber Technologies Inc executives two years ago
Thyssenkrupp is exploring several strategic options for its warship unit, ranging from combining it with Italy’s Fincantieri to creating a national champion with German peers, a person familiar with the matter said.The talks are aimed at creating economies of scale for the division, Thyssenkrupp Marine Systems (TKMS)