A World War II era submarine sunk during a Cold War training exercise off the shores of Hawaii more than six decades ago has been discovered by a team of ocean explorers utilizing pioneering robotics and methods at the forefront of today's underwater technology.USS Stickleback (SS 415), lost in nearly 11,000 feet of water 62 years ago
A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.
German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis may lead to a revision of its forecast in the second half of 2020.The number five in worldwide container shipping
Thyssenkrupp and Germany's largest union IG Metall on Thursday called for further consolidation of the country's warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.Late on Wednesday, Luerssen and GNYK announced they would combine their defense divisions to create a national champion, a move that has backing from the German government.
The disembarkation of more than 1,200 passengers from the cruise ships Zaandam and Rotterdam in Port Everglades, Fla. on Friday, combined with one remaining disembarkation being coordinated, add to the U.S. Coast Guard's processing of more than 120 vessels in the last three weeks to remove 250,000 passengers from cruise ships due to the COVID-19 pandemic.
Patterson Manufacturing‘s new davit cranes are designed from the ground up for improved safety, ease of use, durability and reliability. What more could you ask?Patterson Manufacturing has supplied equipment into the marine market for more than 160 years, consistently expanding its lines of winches, rigging and fittings to meet evolving demands along the way
Eleven banks with a combined shipping finance portfolio of $100bn will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping's decarbonization.Named 'the Poseidon Principles', the new rules are a global framework for assessing and disclosing the climate alignment of financial institutions' shipping portfolios
ChartCo and Marine Press, both leaders in global digital navigation solutions, have announced their merger. The move will result in the creation of a new company called OneOcean which will offer the largest range of navigation and compliance solutions into the maritime sector.Martin Taylor, Chief Executive Officer of ChartCo, announced the merger
Ørsted, the largest energy company in Denmark, has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the way technicians access offshore wind turbines.The Get Up Safe (GUS) system, developed in partnership between Ørsted and Pict Offshore
London-based multinational law firm Linklaters has advised Green Investment Group (GIG) on the acquisition of a 40% stake in Iberdrola’s Scottish Power Renewables’ 714MW East Anglia One offshore wind farm.Once commissioned in 2020, it will be one of the world’s largest wind farms, said a note from the British law firm.
ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated support for customers in this region for the shipping industries.The global leader in digital navigation services is currently supplying and supporting customers in commercial shipping, offshore
Texas-based midstreamer Howard Energy Partners (Hep) announced that it’s completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas.The completion of these projects increases HEP’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to two trains per day