Chinese Shipyards Continue to Build Lead Taking Nearly All Orders in August
The Chinese shipbuilding industry is continuing to build its leadership based on new orders. August’s data released by Clarkson Research…
Collective Actions Filed Against USCG Academy in Sexual Assault Cases
In what is being billed as the first action of its kind against a U.S. service academy, a collective action…
U.S. Reacts Quickly with More Sanctions Targeting Russia’s Arctic 2 LNG
The U.S. appears especially determined to block Russian efforts to launch its LNG operations at the Arctic 2 LNG project.…
Noble Completes Acquisition of Diamond Offshore Drilling Ahead of Schedule
Noble Corporation closed on the acquisition of Diamond Offshore Drilling on September 4 several months ahead of the anticipated timeline…
APM Terminals Upgrades Container Terminal in Nigeria’s Onne Port
Following a government pledge to modernize Nigeria’s aging port infrastructure, Onne Port in Rivers State has inaugurated an upgraded container…
Red Hill Haunts USN as Honolulu Orders Weekly Pollutants Testing
Pollutants from the Red Hill Bulk Fuel Storage Facility continue to haunt the U.S. Navy after the Honolulu City Council…
New Concept Ocean Energy Support Vessel to be Built in Spain
Norwegian offshore support company Østensjø has ordered a new concept offshore support vessel to be built in Spain at the…
ECB to cut rates next week and December; shallower reductions in 2025
The European Central Bank will cut its deposit rate by 25 basis points on Sept. 12 and again in December,…
The summer’s feel-good factor didn’t last long
The summer feel-good factor didn’t last long As the nights start to draw in across Europe, we’re becoming more gloomy…
Low US weekly jobless claims assuage fears of labor market deterioration
The number of Americans filing new applications for jobless benefits declined last week as layoffs remained low, helping to allay…