Shipbuilding
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Value of global merchant fleet leaps by two-thirds in the
The shipping industry is experiencing a remarkable transformation in asset values. According to Clarksons Research, the total worth of the…
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The build and scrapping costs of one Coast Guard ship are about $22M
The CCGS Corporal McLaren M.M.V, a Canadian Coast Guard vessel, is set to be scrapped after a brief and troubled…
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HD Hyundai exports HiMSEN engines to 60 countries
As the political landscape in the United States shifts with the impending announcement of tariffs by President Donald Trump, South…
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Navigating the Red Sea Crisis: Impacts on Global Trade
The ongoing crisis in the Red Sea has sparked significant changes in global shipping practices. As ship operators reroute vessels…
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Bangladesh’s Shipbreaking Industry Faces Decline
The shipbreaking industry in Bangladesh, once a global leader, is facing significant challenges that threaten its position. In 2024, the…
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Historic Shipwreck Discovered Near Kalpeni Island
A remarkable discovery has been made near Kalpeni Island in the Lakshadweep archipelago. A group of divers exploring the vibrant…
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Natural gas terminal project nears key milestone as ETYFA finalises project
The Cyprus Natural Gas Infrastructure Company (ETYFA) is nearing a crucial milestone in its efforts to complete the Vasilikos LNG…
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South Korea’s Robotics Revolution: Major Players Invest in Humanoid Technology
As the demand for automation and smart manufacturing rises, South Korea’s leading tech companies are making significant strides in the…
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Turkish MoD announces the steel cutting for the indigenous MUGEM aircraft aircraft carrier
Turkey’s naval capabilities are on the rise as the country marks significant advancements in its indigenous shipbuilding program. During a…
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India Commissions Three Advanced Naval Platforms
On January 15, 2025, India will mark a historic moment in its maritime history. The Indian Navy is set to…
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