Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than feared on oil flows
A Royal Navy task force of seven ships will deploy with allies early next month to jointly patrol areas with vulnerable undersea critical infrastructure, following an unprecedented agreement by ministers of the 10 Joint Expeditionary Force (JEF) nations.The UK contribution to the deployment will include two Royal Navy frigates, two offshore patrol vessels and mine countermeasures vessels
Deutsche Bank has set emissions reduction targets for loans to clients in the coal mining, cement and shipping sectors and now has a net-zero plan for 55% of its financed emissions, its chief sustainability officer told Reuters.A key funder to polluting sectors, Germany's biggest lender, like many of its peers
Over the past year North Korea has moved to boost its navy with new nuclear weapons, including an underwater drone, warships, and its first operational missile submarine, unveiled on Friday.North Korea's navy has historically been dwarfed by the country's land forces, and overshadowed by its rapidly advancing ballistic missile program.
Norwegian offshore vessel owner Solstad Offshore has secured multiple contracts with Petrobras, whose combined value is approximately $240 million (NOK 2.6 billion).The contracts are scheduled to start in the second half of 2024 and first half of 2025.Petrobras has contracted the construction support vessel (CSV) Normand Poseidon and two anchor handling tug supply (AHTS) vessels Normand Sagaris
NASA said its team members are installing pedestals aboard the agency’s Pegasus barge to hold and secure the massive core stage of NASA’s SLS (Space Launch System) rocket, indicating NASA barge crews are nearly ready for its first delivery to support the Artemis II test flight around the Moon.
Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.
Every day, nearly 60 fully loaded very large crude-oil carriers sail between the Persian Gulf and Chinese ports, carrying about half of the oil that powers the world's second-largest economy.As the vessels enter the South China Sea, they ply waters increasingly controlled by China's growing military
ABB has secured an order with Spanish state-owned shipbuilding company Navantia to supply the Spanish Navy’s forthcoming submarine rescue vessel, Poseidon, with high-performance, DC-based power and distribution.Following the delivery scheduled for 2026, the vessel will be the first of its kind equipped with this system.
Hamburg-based ship finance platform oceanis’s Q4 State of Ship Finance Report comes with a thank-you to shipping companies that are committed to the green transition.Over the past decade, oceanis has seen large changes to the ship financing landscape towards greener projects. The most obvious green financiers are the Poseidon Principles banks
Norwegian marine equipment and technology firm Kongsberg will provide scientific sensors and scientific handling equipment for Germany’s new ocean research vessel, the 135-metre Meteor IV. The new 10,000GT vessel will be able to house 35 scientists plus 36 crew. Meteor IV will be built by MeyerFassmer Spezialschiffbau (MFSB) for the German Federal Ministry of Education and Research.
Bellingham, Wash. boatbuilder All American Marine (AAM) has delivered a new tour and dive vessel for Hawaii Dolphin Tours based in Honolulu, Hawaii. The highly customized vessel 50- by 17-foot Poseidon features a semi-displacement aluminum catamaran hull developed by Nic de Waal of Teknicraft Design in Auckland