The German government wants to buy two further frigates provided parliament approves the deal, Defence Minister Boris Pistorius said on Monday, as part of a policy shift to bolster its defences after Russia's full-scale invasion of Ukraine.Speaking in the Baltic port of Wolgast at a keel-laying ceremony for the first of four F126 frigates already ordered
Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port
Major naval drills about to start in the Baltic Sea involving some 30 ships and more than 3,000 Western service members will for the first time practice how to respond to a Russian assault in the region, Germany's navy chief said on Friday."We are sending a clear message of vigilance to Russia: Not on our watch," Vice-Admiral Jan Christian Kaack told reporters in Berlin.
The German government is considering taking a minority stake in Thyssenkrupp's warship division Thyssenkrupp Marine Systems (TKMS), German Defence Minister Boris Pistorius said during a visit to Kiel on Tuesday.The consideration process would take until the end of the year, Pistorius said, according to a defense ministry spokesperson.
A loss of propulsion due to a false alarm led to cargo vessels colliding near Port Arthur, Texas last year, the National Transportation Safety Board (NTSB) said Thursday.While transiting the Sabine Pass on August 21, 2022, the general cargo ship Damgracht lost propulsion when the vessel’s main engine shut down due to “high oil mist density” sensed by its oil mist detector (OMD).
Germany and eight other countries on the Baltic Sea aim to jointly procure naval mines, German Defence Minister Boris Pistorius said on Tuesday, as Russia is taking an increasingly assertive stance in the Baltic Sea region.Speaking to reporters on the sidelines of the NATO summit in Washington, Pistorius said Russia had been challenging the borders in the Baltic Sea time and again.
Germany sent two warships to the Indo-Pacific region on Tuesday in a bid to strengthen its military presence in the region amid rising tensions between China and Taiwan and over the disputed South China Sea.Those tensions were putting pressure on the freedom of navigation and free passage on trade routes, Defence Minister Boris Pistorius said at the northern German navy base in Wilhelmshaven.
U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG, the second largest U.S. plant by capacity.
Great Lakes Dredge & Dock Corporation on Thursday announced the receipt of five dredging contracts totaling $173.7 million. The projects are in Texas, New Jersey, Florida and Louisiana.The Sabine-Neches Waterway Channel Improvement Project-Phase 1 (Capital, Texas, $62.8 million) includes dredging for channel deepening along the Sabine-Neches Waterway from Sabine Bank Channel to Sabine Pass
SEACOR Holdings said Monday it had agreed to sell its U.S. harbor towing operations and assets from its Seabulk subsidiary to two parties, E.N. Bisso & Son, Inc. and Bay-Houston Towing Co.The E.N. Bisso transaction includes 12 harbor towing vessels across ports in Florida and Alabama.
U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts.Above-normal temperatures and drought hit the U.S.