Wärtsilä to Divest its Automation, Navigation and Control System Business
Technology group Wärtsilä has agreed to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company…
Norway Provides Ukrainian Navy With $240M for Minehunting & Autonomy
On Monday, the Norwegian government announced a new grant of about $240 million to support Ukraine’s navy in its fight…
Pakistan Restarts Project for Domestic Construction of Containership
The government through its Special Investment Facilitation Council (SIFC) has stepped in to revive a project to domestically build a…
Marin Ranks Among The Top 6% Of Companies In The Leisure Industry In Ecovadis ESG Ratings And Achieves Silver Award
D-Marin has solidified its sector-leading approach to sustainability by earning the prestigious Silver Award in the EcoVadis ESG (Environmental, Social,…
LNG Shipping Market Could Be Headed for a Reversal
The LNG shipping market could be headed towards a recovery in the coming weeks and months, after the recent lows.…
Iron ore rebounds as China stimulus hopes outweigh weak fundamentals
Prices of iron ore futures rebounded on Monday, as a revival of hopes for monetary easing in top consumer China…
Baltic index rises on gains in capesize vessel segment
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday,…
Korea’s H-Line Contracts to Install Autonomous Shipping on Up to 30 Ships
In what is being called a commercial milestone for autonomous shipping, Korea’s H-Line and Avikus, HD Hyundai’s Autonomous Navigation Technology…