Press Releases
Baltimore’s already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port. The 81,681 dwtW Sapphire, managed by Athens-based W Marine […]
The big ports deal involving CK Hutchison has hit choppy waters. The Hong Kong-based conglomerate confirmed yesterday that its planned sale of 43 global ports for just shy of $23bn is unlikely to be completed […]
Ukraine’s Special Operations Forces have struck the Russian port of Olya in the Astrakhan region, destroying a vessel loaded with components for Iranian-made Shahed drones and ammunition. The attack, carried out on August 14 in […]
Norwegian shipleasing specialist Ocean Yield and KKR-managed vehicles have agreed to acquire CapeOmega Gas Transportation from private equity firm Partners Group, expanding their exposure to the LNG sector. CapeOmega holds joint ownership in a fleet […]
The US decision to go public on its offensive against the International Maritime Organization’s proposed net-zero framework has created considerable debate within the shipping community. Various ministers within the Donald Trump administration issued a joint […]
Australian energy infrastructure developer Venice Energy has agreed to sell its project to LNG terminals and downstream infrastructure firm AG&P LNG, a subsidiary of US-owned Nebula Energy. This follows an eight-month negotiation process after […]
South Korea’s HD Hyundai is set to start shipbuilding in the Philippines from January next year, with a revamped Subic Bay yard capable of turning out up to 10 vessels annually. The shipbuilding giant has […]
The United States has formally rejected the International Maritime Organization’s (IMO) proposed carbon levy, branding it a “global carbon tax on Americans” and vowing to rally opposition ahead of a key vote in October. In […]
Recently, I was asked: what if Edison had won the Battle of the Currents? As power grids today are increasingly dominated by inverter-based generation, could a direct current (dc) grid be more effective than the […]
The Association of Average Adjusters (AAA) has issued a warning to the maritime sector, highlighting the growing legal ambiguity around insurance claims involving vessel groundings linked to GPS spoofing. In a new discussion paper, the […]
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