Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing and Washington.
Gibraltar-based ship repair and conversion yard Gibdock has completed the repair and renewal of TechnipFMC's Deep Blue, a deepwaer pipelay and subsea construction vessel.TechnipFMC relocated Deep Blue from the U.S. Gulf for the works, also redeploying the asset outside Europe following completion of works.
MarineShift360 has unveiled the first cohort of its Impact Accelerator Program, selecting three pioneering organizations to advance sustainability across the marine industry.Following a competitive selection process, the Royal National Lifeboat Institution (RNLI, United Kingdom and Ireland), Secfuel (Sweden)
Marine Jet Power (MJP), a global provider of waterjet propulsion, and Derecktor Shipyards New York announced the launch and christening of two groundbreaking passenger ferries for Chatham Area Transit (CAT) of Savannah, Georgia.These vessels represent a significant milestone as the first hybrid passenger ferries in the United States powered by waterjet propulsion.
The Poseidon Principles, which represents nearly 80% of global ship finance, has published its fifth Annual Disclosure Report, showing progress towards decarbonised shipping.Continued growth of climate transparency from financial institutions shows that the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonisation trajectories set by the IMO