Satellite images obtained by Reuters on Thursday show a build-up of Chinese civilian vessels near contested Thitu Island, Manila's key outpost in the South China Sea, but a senior Philippine navy officer said they are "not a cause for concern".One of the images taken by Maxar Technologies on Monday and reviewed by Reuters shows about 60 vessels, some within 2 nautical miles of Thitu
Defense group Leonardo and Immsi's naval unit Intermarine have signed a contract worth up to 2.6 billion euros ($2.82 billion) to supply Italy's navy with five coastal minehunter ships, the companies said on Friday.The contract, which also includes logistics support, is worth 1.6 billion euros for the vessels and 1 billion euros in various other options.
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
The Coast Guard gets its first new polar icebreaker in more than 25 years.The Coast Guard has accepted its first new polar icebreaker in more than 25 years, but it’s not really new. The 12,900-ton, 360-foot Anchor Handling Tug Support Ship (AHTS) Aiviq was acquired by the Coast Guard and renamed USCGC Storis (WAGB 21).According to a Coast Guard statement, “On Nov.
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.
A crewmember reported missing from a Panamanian registered bulk carrier has been found safe on board following a dayslong search effort that involved multiple international agencies and commercial vessels.On June 25, the master of the 568-foot-long vessel Daiwan Glory issued a distress alert relayed via the Japanese Coast Guard early in the morning of June 25, 2024
HD Hyundai Marine shares closed up 97% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after a 742 billion won ($538 million) IPO, South Korea's largest in two years.The successful listing of the ship maintenance and repair firm, backed by U.S. private equity giant KKR, paves the way for other potential offerings to come to market.
Schmidt Sciences has named 25 scholars working at the forefront of AI as AI2050 fellows and will award them up to $12 million to advance research that realizes the potential of AI to benefit humanity.The AI2050 program asks researchers to imagine the year 2050 where AI has been hugely beneficial and to pursue projects that help society realize this.
The Australian Maritime Safety Authority (AMSA) has awarded five scholarships to students at the University of Tasmania as part of its recognition of the importance of diversity.The funding of A$47,000 is part of its 2024 scholarship program.The recipients are:Tenisha Jones – AMSA Sara Bool Women in Maritime Engineering ScholarshipAngelica Starlight – AMSA First Year Access Scholarship for
New Zealand's green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to its voters.Since taking power last year, Prime Minister Christopher Luxon's center-right coalition announced it will reverse a ban on oil and gas exploration
Marine towage provider Svitzer Europe announced it has appointed Sara Gerdner Kalle as its new Chief Commercial Officer, effective April 1, 2024. With a background spanning nearly 25 years in the logistics and supply chain industry, Gerdner Kalle will lead the Commercial function for Svitzer Europe, focusing on nurturing long-term stakeholder relationships, spearheading commercial development
Record-breaking numbers of cadets and ratings from across the globe have attended the 2024 Sailors’ Society’s cadet conferences.The four virtual interactive events held for North and South East Asia, Africa, and this month for the UK and Europe, explored wellness and mental health with a focus on key and current issues facing today’s cadets and seafarers.