The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid.New LNG tankers, built in anticipation of rising U.S.
Power services firm GE Vernova on Wednesday said a manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts earlier this month.The turbine blade broke on July 13 and left potentially dangerous debris on beaches on the island of Nantucket. Later, U.S. authorities ordered a shutdown of the project, which is still under construction.
U.S. Defense Secretary Pete Hegseth reaffirmed the United States' unwavering commitment to its decades-old defense treaty with the Philippines during a visit to Manila on Friday, pledging to bolster the alliance with advanced military capabilities in the face of increasing tensions with China. Meeting with Philippine Defense Secretary Gilberto Teodoro and President Ferdinand Marcos Jr.
The Philippines held maritime drills with the United States and Japan inside its exclusive economic zone in the South China Sea, its military said on Friday, two days after a maritime confrontation with Beijing around a disputed shoal.The drills, which brought together a U.S. Navy P-8A Poseidon aircraft, Philippine Navy ship BRP Andres Bonifacio and a C-90 small plane
Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.The deal would be pursued to help its on-road load handling business, Hiab, operate as a standalone business, Cargotec said
As two U.S. aircraft carrier battle groups patrolled the Indian Ocean this week in an explicit effort to deter Iran from striking Israel and sparking a major regional conflict, a very different military messaging effort was underway in a luxury conference centre in Manila.The 35th annual Military Law and Operations Conference organised by the U.S. Indo-Pacific Command – running from Aug.
Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday.The spill occurred after a pipeline, which ran across California's coastline, ruptured and spilled an estimated 126,000 gallons of oil into the ocean and on the beaches.
The armed forces of five countries conducted joint maritime exercises in a portion of the South China Sea on Saturday as China carried out its own military drills in the disputed waterway.The exercises involving the Philippines, United States, Australia, Japan and - for the first time - New Zealand took place in Manila's exclusive economic zone and sought to improve the militaries'
Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949.The Category 1 typhoon, packing maximum sustained wind speeds near its centre of around 144 kph (89 mph)
As two U.S. aircraft carrier battle groups patrolled the Indian Ocean this week in an explicit effort to deter Iran from striking Israel and sparking a major regional conflict, a very different military messaging effort was underway in a luxury conference centre in Manila.The 35th annual Military Law and Operations Conference organised by the U.S. Indo-Pacific Command – running from Aug.