Sweden will order four navy frigates from France's Naval Group in a $4 billion deal that will triple its air defence capacity as the new NATO member focuses on security threats in the Baltic Sea, its prime minister said on Tuesday.Sweden is racing to build up its military in the wake of Russia's invasion of Ukraine and the Nordic country's subsequent accession to NATO
Anemoi Marine Technologies’ Rotor Sail wind-assisted propulsion system has completed more than eight years of continuous commercial operation after M/V Afros successfully passed its second intermediate dry dock survey.The survey, conducted by Lloyd’s Register in China in April, confirmed the structural integrity and operational condition of the vessel’s four Rotor Sails, Anemoi said.
We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own.
U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.
As a result of a major White House office wake-up call or Executive Order 14269 determining it is time to start building ships again, Washington DC announced America’s maritime industry has been “dangerously declining” and with that decline we have allowed China to become the dominant force in global shipbuilding.
Wall Street stock indexes edged up, oil prices tumbled and the dollar's safe haven appeal waned on Tuesday as investors looked past a U.S. blockade on Iran's ports to the prospect of an eventual resolution to the conflict.Negotiating teams from the U.S. and Iran could return to Islamabad this week, four sources said
SGMF has published its latest Life Cycle Assessment (LCA) on LNG, further demonstrating reductions in greenhouse gas (GHG) emissions compared to traditional marine fuels. One of the key findings is evidence of up to 29% tank-to-wake GHG emissions reductions when using LNG compared to MGO 0.1%, an improvement of up to 13% compared to the previous LCA conducted in 2022.
Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia became the world's second-largest LNG supplier after Iranian strikes forced Qatar to halt production
NYK Bulk & Projects Carriers (NBP), a member of the NYK Group, has operated a methanol dual-fuel bulk carrier using low-carbon methanol fuel for the transportation of copper concentrate for BHP Group, achieving an approximately 65% reduction in greenhouse gas (GHG) emissions on a well-to-wake basis compared to conventional fuel.
DHL Global Forwarding and shipping group CMA CGM have agreed to jointly use 8,990 metric tons of second-generation biofuel to reduce emissions from ocean freight.The initiative is expected to cut around 25,000 metric tons of carbon dioxide equivalent emissions on a well-to-wake basis for container shipments moved under DHL’s GoGreen Plus service
Sweden will choose a supplier for its multi-billion Swedish crown acquisition of four new frigates early next year, the defence minister said on Monday.Sweden is in an intense buildup of its forces in the wake of Russia's invasion of Ukraine and is looking to increase its navy fleet with bigger ships.
Fugro has been chosen by Jacobs to conduct a nearshore site investigation on Wake Island, a remote US territory located in the central Pacific between Hawaii and Guam. The isolated coral atoll serves as a key logistical and transport hub for the US Navy’s activities in the Indo-Pacific.