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Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S.
https://www.marinelink.com/news/lockheed-martin-q-profit-plunges-b-pretax-528199
https://www.marinelink.com/news/lockheed-martin-q-profit-plunges-b-pretax-528199Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not the answer.In its annual External Sector Report…
https://www.marinelink.com/news/imf-warns-tariffs-wont-solve-global-528201
https://www.marinelink.com/news/imf-warns-tariffs-wont-solve-global-528201ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1…
https://www.marinelink.com/news/abs-wavesight-platform-selected-528204
https://www.marinelink.com/news/abs-wavesight-platform-selected-528204Ocean Group, a leader in the maritime industry in Quebec, announced a change in its shareholding structure, marking a milestone in its development. The transition is being carried out with the continued involvement of Mr. Gordon Bain, the company's founder…
https://www.marinelink.com/news/ocean-group-changes-shareholding-528206
https://www.marinelink.com/news/ocean-group-changes-shareholding-528206Ballard Power Systems announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH, a expert in emission free power, for deployment on two vessels by Samskip, one of the largest multimodal European operators specializing in short sea…
https://www.marinelink.com/news/ballard-announces-mw-fuel-cell-order-528208
https://www.marinelink.com/news/ballard-announces-mw-fuel-cell-order-528208Iron ore futures prices closed higher for a fifth straight session on Tuesday, buoyed by expectations of further stimulus after Beijing unveiled a $170 billion hydropower project to boost economic growth. The most-traded September iron ore contract on China’s Dalian Commodity Exchange traded 2.49% higher at 823 yuan ($114.72) a metric ton. The benchmark August ...
https://www.hellenicshippingnews.com/iron-ore-climbs-for-fifth-session-on-beijing-hydropower-stimulus/The Documentary Committee of the world’s largest shipping association, BIMCO, has adopted a standard clause aimed at addressing contractual uncertainties that may arise from the US Trade Representative’s notice of actions to impose fees on Chinese-related ships calling US ports. A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the …
https://splash247.com/bimco-issues-clause-to-tackle-us-fees-on-china-linked-ships/
https://splash247.com/bimco-issues-clause-to-tackle-us-fees-on-china-linked-ships/Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The move marks the beginning of …
https://splash247.com/mol-launches-global-shipmanagement-arm/
https://splash247.com/mol-launches-global-shipmanagement-arm/Mobile Pulley, a manufacturer of pumps, dredging equipment, and heavy industrial components, has appointed Stirling Snow as its new Director of Engineering in Mobile, Alabama.Snow brings nearly a decade of hands-on experience in design and engineering…
https://www.marinelink.com/news/mobile-pulley-appoints-new-director-528180
https://www.marinelink.com/news/mobile-pulley-appoints-new-director-528180A new advanced simulation suite, supplied by technology group Wärtsilä, has been inaugurated at the maritime training institute Akademi Laut Malaysia (ALAM), the training arm of Malaysia International Shipping Corporation (MISC), a subsidiary…
https://www.marinelink.com/news/wrtsils-advanced-simulators-enhance-528181
https://www.marinelink.com/news/wrtsils-advanced-simulators-enhance-528181