China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said on Friday.Beijing announced the sanctions on Tuesday as the U.S.
The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.A return to an all-out trade war appeared imminent last week
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S.
South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.With the merger, the company said it aims to lead U.S.-Korea shipbuilding cooperation projects touted during a recent summit between the leaders of the countries that Seoul has dubbed
Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, prosecutors and his lawyer said on Tuesday.Described by both Moscow and the West as an act of sabotage, the explosions in 2022 largely severed Russian gas supplies to Europe
Türkiye’s Sanmar Shipyards has delivered Denmark’s first fully electric tug to long-standing client Svitzer, which has been named SVITZER INGRID by Her Majesty Queen Mary at a ceremony in Copenhagen.The tug is based on the ElectRA 2500SX design from Canadian naval architects Robert Allan, developed exclusively for Sanmar.Measuring 25.4 meters in length with a 12.86-meter beam and 5.
Denmark’s, and Svitzer’s, first electric tugboat was named by Her Majesty Queen Mary at a ceremony in Copenhagen.The new tugboat will carry the name Svitzer Ingrid, as announced by Her Majesty during the naming ceremony, which was attended by more than 100 executives from the Danish maritime industry.
A Ukrainian man was arrested at a holiday bungalow in Italy on suspicion of coordinating attacks on three Nord Stream gas pipelines in 2022, officials said on Thursday, a breakthrough in an episode that sharpened tensions between Russia and the West.Described by both Moscow and the West as an act of sabotage, the explosions largely severed Russian gas supplies to Europe
Tugboat and towboat owners across the nation eye fuel efficiency and emission reduction technologies and techniques in advance of increasingly stringent regulations.he first half of 2025 has seen a great deal of attention on emissions from vessels, with an eye towards their continued reductions in the coming years.
On April 5, 2025, Moran Towing celebrated the christening of the Mary Jane Moran with their crews, customers, port partners, and the family of the namesake in Port Arthur, TX. The event marked the arrival of a powerful new tug and honored a family who have been a part of our story for decades.
In March 2025 the major exhibition Pirates will open at the National Maritime Museum (NMM), tracing the changing depictions of pirates throughout the ages and revealing the brutal history often obscured by fiction. While sometimes portrayed as tricksters or scoundrels, pirates are primarily swashbuckling adventurers associated with lush islands, flamboyant dress and buried treasure.
South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.