News
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Safe Bulkers posts $1.7m profit in Q2 despite weaker rates and higher costs
Safe Bulkers, a Limassol-based shipping company listed on the New York Stock Exchange, has managed to report a profit in…
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Electricity blackouts are a blessing for shipping
As the world pushes towards renewable energy, a surprising trend emerges in the shipping sector: an increasing reliance on fossil…
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LR and Anemoi publish new report to advance standardisation of wind propulsion performance methodology
Anemoi Marine Technologies, a leader in wind-assisted propulsion technology, has developed an in-service performance verification process that reduces cost and…
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LR secures in-service submarine contract to support UK Ministry of Defence
LR has announced a significant milestone in its naval assurance services, having secured a 12-month in-service submarine support contract from…
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(LEAD) HD KSOE’s Q2 net profit up 25 pct on strong ship sales
SEOUL, July 31 (Yonhap) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) announced a significant 25% increase in…
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LR appoints Edward Koo as Strategic Business Partner
Lloyd’s Register (LR) has announced the appointment of Edward Koo as its new Strategic Business Partner and Senior Responsible Person…
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ABS Consulting Drives Innovation in Enterprise Asset Management through Strategic Relationship with Ultimo
Houston – ABSG Consulting Inc. (ABS Consulting), a global leader in risk management and enterprise asset management, has announced a…
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Korea and U.S. finalize $150 billion shipbuilding cooperation package ahead of August deadline
In a significant development for the shipbuilding industry, South Korea and the United States have finalized a tariff agreement that…
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Ardmore snaps up trio of modern MR tankers
Ireland-based Ardmore Shipping is enhancing its product tanker fleet by acquiring three modern MR vessels for nearly $104 million. The…
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South Korea commits $150B to help revive US shipbuilding
South Korea has committed $150 billion to a dedicated United States shipbuilding rejuvenation fund as part of a $350 billion…
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