Australia “Not Concerned” by Possible Hanwha Acquisition of Austal
The Australian government is not concerned about a possible acquisition of shipbuilder Austal by South Korea’s Hanwha Group and is…
Containerships Absorb Red Sea Diversions as Schedule Reliability Improves
Four months into the Red Sea diversions, liner shipping seems to have absorbed the disruptions with the major container carriers…
Philippines Will Stick to Nonviolence After Chinese Water-Cannon Attacks
The Philippine Coast Guard will not match the China Coast Guard’s increasingly aggressive tactics in the South China Sea, a…
Maersk Raises Profit Guidance on Strong Demand and Red Sea Disruption
Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight…
Metal Shark Building 22 Vessels for Jamaica’s Coast Guard
Louisiana-based boat builder Metal Shark announced it has won a contract to build 22 welded-aluminum high-speed surface interceptor vessels for…
Simulator Project Aims to Improve Fishery Safety
Kongsberg Digital concluded a new project funded by FHF (the Norwegian Seafood Research Fund) for the development of its K-Sim…
Russia Shipping Oil to North Korea Above UN Mandated Levels
Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the…
Sea trials begin for China’s future aircraft carrier
Chinese state media recently confirmed that the Chinese People’s Liberation Army Navy’s (PLA-N) newest aircraft carrier began undergoing sea trials…
Kristian Siem-backed Subsea 7 alliance gets the inside track on huge Equinor oil fields
Kristian Siem-backed company and joint venture strike deal with Equinor
Red Sea crisis to shield Maersk profit for next two quarters, says Vincent Clerc
Even if the disruption lasted years, overcapacity would eventually humble the market, says liner CEO