Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.
Indian naval forces including special commandos seized a cargo vessel that had been hijacked by Somali pirates, rescuing 17 crew members, a spokesperson for the navy said on Saturday.The navy said in a post on social media platform X that all 35 pirates aboard the ship, the Maltese-flagged bulk cargo vessel Ruen, had surrendered, and the ship had been checked for the presence of illegal arms
Taiwan dispatched coast guard boats on Thursday to join a rescue mission at China's request after a fishing vessel capsized near the Taiwan-controlled Kinmen islands, amid heightened tension in the sensitive Taiwan Strait.China claims democratically-governed Taiwan as its own territory, over the island's strong objections, and has stepped up military activities near it in recent years
French shipping company CMA CGM and its business partners COSCO Shipping 601919.SS, Evergreen 2603.TW and OOCL said on Tuesday that they had agreed to extend their 'OCEAN Alliance' co-operation deal for another five years beyond 2027, to 2032.The 'OCEAN Alliance' partnership aims to help customers deal with their supply chains by offering up fast transit times and access to a wide range of ports
A vessel sustained "superficial damage" after being hit by a drone in the Red Sea, 60 nautical miles north of Djibouti, the United Kingdom Maritime Trade Operations (UKMTO) agency said on Monday.British maritime security firm Ambrey also said early on Tuesday that a Marshall Islands-flagged bulk carrier was physically damaged by an unmanned aerial vehicle in an incident approximately 60 nautical
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
Heavy fog has suspended the operation of ships travelling through the Qiongzhou Strait off the coast of China's Guangdong province and several cities, including Shanghai, have issued warning advisories, Chinese state media reported on Wednesday.Several ports suspended the flow of traffic starting late Tuesday and the specific time of the resumption of navigation will be determined as sea
The U.S. government has awarded a major grant to the Humboldt Bay Harbor, Recreation, and Conservation District for the construction of a new marine terminal to be primarily used for floating offshore wind-related activities.The grant for the Humboldt Bay Offshore Wind MVP (Minimum Viable Port) project comes through the U.S.
New York released a new offshore wind solicitation on Thursday to keep the state on track to meet its renewable energy goals and support a nascent industry that has faced financial trouble in recent months.Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030.
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050
The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers.
The United States commissioned a warship in Sydney, Australia, on Saturday, the first time a U.S. Navy vessel joined active service at a foreign port, as the two close allies step up their military ties in response to China's expanding regional reach.The Independence-class littoral combat ship USS Canberra (LCS-30)—named after a Royal Australian Navy cruiser that was sunk while supporting the U.S.