German naval conglomerate Thyssenkrupp and Italian shipbuilder Fincantieri have signed an Industrial Cooperation Agreement as part of a broader strategic partnership to provide the Philippine’s Navy with advanced submarine capabilities solutions.As part of the Horizon III military modernization initiative
Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy’s field offshore Angola.Two offshore cranes of the type RL 2600 (Ram Luffing 2600) and RL-K 2600 (Ram Luffing knuckle boom 2600) have been sold to Yinson Production, which is in charge of the provision
The global bulker fleet is facing a significant slowdown, driven by a combination of factors that are not only causing a decline in average speeds but also setting the stage for the emergence of a two-tier market, according to Veson Nautical.A new report: ‘Why is the bulker fleet slowing down? The impact of an aging fleet in the era of efficiency’ says that aging vessels
German naval conglomerate Thyssenkrupp and Finland-based consulting and engineering company Elomatic have signed a design and engineering contract to support the development of a new Polarstern ship, bound to become the largest and most advanced research and polar logistics icebreaker.The ship will be built at the large and modern shipyard of tkMS in Wismar.
Nippon Yusen Kabushiki Kaisha (NYK) and NYK’s affiliate Knutsen NYK Carbon Carriers AS (KNCC) are conducting a joint constructability study of a 40,000 cbm terminal-to-terminal liquefied CO2 (LCO2) vessel based on KNCC’s proprietary technology of LCO2-Elevated Pressure (LCO2-EP) Cargo Tanks together with Nihon Shipyard Co., Ltd.
Ocean Infinity has received a Statement of Compliance (SOC) from DNV for its remotely supported vessel operations, marking industry's first such achievement.The approval from DNV, the world's leading classification society, establishes Ocean Infinity as the industry's first organization to reach the required standard of technology and operations for large vessels
The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst at Veson Nautical, a global leader in maritime freight and fleet management solutions.
U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs, potentially signaling looming shortages of some goods.President Donald Trump's aggressive trade policy again dominated commentary from manufacturers in the Institute for Supply Management (ISM) survey published on Monday
Robert Allan Ltd. has announced the delivery of two very compact high bollard pull ship handling tugs, Rascal and Rowdy, to Brusco Tug & Barge in the US.The RAscal 2000-D series tugs were constructed at Diversified Marine Inc. of Portland, Oregon, and at over 40 short tons are the highest bollard pull tugs of this size designed to date by Robert Allan Ltd.
JX Nippon Oil & Gas Exploration Corporation, NYK and NYK affiliate Knutsen NYK Carbon Carriers (KNCC) have demonstrated a new CO2 liquefaction method that the partners say is a breakthrough for the carbon capture and storage (CCS) industry.The three companies have devised the CO2 liquefaction process based on the isenthalpic expansion cooling and liquefaction process which takes advantage of the
Taiwan President Lai Ching-te told sailors aboard a combat-ready warship at a major base in the Taiwan Strait on Friday that he had their backs, thanking them for safeguarding Taiwanese security at a time of heightened tensions with Beijing.China, which claims democratically governed Taiwan as its own territory over the strong objections of the government in Taipei
Ecuador's navy is ready to protect the seas around the Galapagos Islands from illegal fishing by foreign ships whose annual visits threaten marine wildlife in the archipelago's waters, following training exercises with neighboring allies.Training operations around the Galapagos, which sit among a mega-diverse marine reserve