Local news today
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Shipbuilding
LNG scrapping sets annual record
In a surprising turn of events, the demolition sales of LNG carriers have reached an all-time high with nearly 30%…
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Shipbuilding
Panama Canal carves out weekly slot for dual-fuel pioneers
The Panama Canal has introduced an innovative initiative aimed at promoting sustainability in maritime transport. The new NetZero Slot, part…
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Shipbuilding
UK targets further 70 tankers in latest Russian sanctions
In a decisive response to escalating tensions, the UK has imposed sanctions on 100 additional entities, including 70 tankers linked…
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Shipbuilding
World Shipping Council deploys AI in fight against misdeclared cargoes
The World Shipping Council (WSC) has unveiled its new Cargo Safety Program, aimed at tackling the critical issue of misdeclared…
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Shipbuilding
South Korea Invests Billions in Arctic Shipping Hub
South Korea is taking significant steps to position itself as a key player in Arctic shipping. The government, led by…
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Shipbuilding
Global Container Shipping Faces Empty Crisis
Recent analysis by Danish consultancy Sea-Intelligence reveals a concerning trend in global container shipping: 41% of container transport currently consists…
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Shipbuilding
Maryland offshore wind project permit challenged in federal court
The Trump Administration has taken legal action to overturn a permit granted for US Wind’s Maryland Offshore Wind project, previously…
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Shipbuilding
Australia to Spend $8 Bln on Nuclear Submarine Shipyard Upgrades
Australia has announced a significant investment of 12 billion Australian dollars (approximately $8 billion USD) aimed at modernizing and expanding…
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Bulk Carrier
CSL Group Launches Innovative Hybrid Vessel
CSL Group has unveiled its newest vessel, the CSL Flexvik, a hybrid self-loading and unloading ship designed to enhance marine…
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Shipbuilding
Subsea7 scores Aramco contract worth up to $1.25bn
Subsea7, a leading global contractor, has secured a significant engineering, procurement, construction, and installation (EPCI) contract from Saudi Arabian Oil…
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