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CMB.TECH and Golden Ocean Agree Merger Termson 28 May 2025 at 8:50 pm
CMB.TECH and Golden Ocean Group have signed an agreement and plan of merger for a stock-for-stock merger, as contemplated by the term sheet previously announced on April 22.The transaction is structured as a merger, with Golden Ocean merging with and into CMB.TECH Bermuda…
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CMA CGM Launches Electric River Barge with NIKEon 28 May 2025 at 8:38 pm
CMA CGM has launched the first fully electric container barge in Vietnam, supported by the construction of a solar-powered charging station at the Cai Mep port, the country’s main container gateway near Ho Chi Minh City.As part of this initiative…
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US Natural Gas Prices Fall 6% in Volatile…on 28 May 2025 at 8:25 pm
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might…
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TenneT Begins Drilling Under Dunes for Laying…on 28 May 2025 at 7:20 pm
In the coming years, grid operator TenneT will bring wind energy from the sea to land on the Maasvlakte. To enable the landing of these electricity cables, contractor NRG started six drillings under the dunes May 26. Three more will follow after the summer.
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Expleo Invests in the Next Generation With Ship…on 28 May 2025 at 7:08 pm
Expleo, a global engineering, technology and consulting company, is investing the next generation of UK naval engineering talent with its ship design challenge, Vision 202X.Expleo works with defense primes and leading marine manufacturers on…
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USTRANSCOM Report: Impact of Dredging Limitations…on 28 May 2025 at 7:03 pm
The U.S. Senate Committee on Armed Services, through the National Defense Authorization Act (NDAA) for Fiscal Year 2025, tasked the U.S. Transportation Command (USTRANSCOM) with assessing how reduced dredging capacity may have impacted designated strategic seaports.
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Kongsberg Discovery Launches FS80 Trawl Sonaron 28 May 2025 at 6:41 pm
Kongsberg Discovery has announced the commercial launch of the FS80 Trawl Sonar.The compact, modular and multifrequency solution is the market’s first sonar system to combine net monitoring, intake profiling and bottom detection in a single unit…
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BIMCO: Tanker Shipping Market Overview & Outlookon 28 May 2025 at 5:44 pm
The unprecedented trade policy uncertainty following President Trump import tariff announcements have weakened the outlook for both the global economy and oil demand.“In 2025, we forecast a balanced development in the crude tanker market followed by a slight weakening in 2026.
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UAW Members Vote to Ratify New Contract at…on 28 May 2025 at 4:52 pm
Union members at General Dynamics’ Electric Boat submarine-making unit have voted to ratify a new contract, the United Auto Workers said on Wednesday.The union, representing over 2,400 marine drafters at Electric Boat, said 85% voted in favor…
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PT Bahtera Bahari Shipyard Purchases…on 28 May 2025 at 4:47 pm
PT Bahtera Bahari Shipyard (PT BBS) has purchased Liebherr’s CBG 500 E. Scheduled for delivery in October 2025, the crane will be installed on a barge currently under construction at their Batam facility. The CBG 500 E features a rope luffing mechanism…