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South Korea's pledge to invest $350 billion in strategic U.S. industries as part of a trade deal with Washington is likely to be led by state policy institutions that will provide funding on a case-by-case basis, the country's vice finance minister said.Under a trade deal struck in July to cap U.S.
https://www.marinelink.com/news/s-korean-invest-b-us-industries-including-529613
https://www.marinelink.com/news/s-korean-invest-b-us-industries-including-529613FarSounder, a leader in 3D Forward Looking Sonar (FLS) technology, has released its new web app with an intuitive user interface (UI). The highlight of this release is a powerful and integrative web app compatible with tablets and laptops, with…
https://www.marinelink.com/news/farsounder-introduces-d-sonar-web-529621
https://www.marinelink.com/news/farsounder-introduces-d-sonar-web-529621KVH Industries has announced that its advanced KVH linkHUB Media Server has received CREST Accreditation from CREST Cybersecurity, a not-for-profit organization that accredits companies with cybersecurity services, in areas such as security systems for confidentiality…
https://www.marinelink.com/news/kvh-linkhub-media-server-receives-crest-529625
https://www.marinelink.com/news/kvh-linkhub-media-server-receives-crest-529625Austal USA and Master Boat Builders, Inc. entered into a memorandum of understanding (MOU) establishing a strategic outsourcing partnership designed to expand U.S. shipbuilding capacity by increasing the ability of regional shipyards to take on large, complex programs for the U.S.
https://www.marinelink.com/news/master-boat-austal-ink-shipbuilding-deal-529627
https://www.marinelink.com/news/master-boat-austal-ink-shipbuilding-deal-529627US oil major ConocoPhillips has announced plans to lay off up to 25% of its workforce, as part of its cost-cutting measures. ConocoPhillips will be laying off between 20% and 25% of the company’s employees, and contractors will be impacted worldwide. The company had a global headcount of 11,800 workers as of December 31, 2024. …
https://splash247.com/conocophillips-to-lay-off-up-to-25-of-its-workforce/
https://splash247.com/conocophillips-to-lay-off-up-to-25-of-its-workforce/Pierre Aury assesses how shipping fares when it comes to safety and share prices. A few months ago Allianz published its annual safety and maritime review for the year 2024. As usual it makes good reading. In a nut shell in 2024, 27 total losses were recorded, down 75% from 105 total losses recorded in …
https://splash247.com/safety-shipping-and-capital-markets/
https://splash247.com/safety-shipping-and-capital-markets/Turkish outfit Stella Tanker Gemi İşletmeciliği (Stella Tanker Ship Management) has ordered up to four new chemical tankers in China, marking its first major fleet expansion move. The Izmir-based company, which currently manages a single vessel — the 2009-built, 9,000 dwt Unda — has signed a deal with Zhejiang Yongxin Shipping for three 7,300 dwt …
https://splash247.com/turkeys-stella-gemi-orders-chemical-tankers-in-china/
https://splash247.com/turkeys-stella-gemi-orders-chemical-tankers-in-china/Procureship, an e-procurement platform provider, has partnered with Copenhagen-based climate data specialist ReFlow to launch a new Scope 3 emissions solution to enable shipowners, operators, and managers to prepare for new climate-related reporting requirements by mapping emissions across their procurement value chains. As shipping stakeholders begin to respond to new requirements set out by the …
https://splash247.com/emissionpassport-launched-to-map-hidden-emissions-in-shipping-supply-chains/
https://splash247.com/emissionpassport-launched-to-map-hidden-emissions-in-shipping-supply-chains/A declaration seeking stronger protection for seafarers was adopted in a Philippine government-led conference in Manila earlier this week. The Manila Declaration on Seafarers’ Human Rights, Safety and Well-Being outlines eight commitments that advance sailors’ welfare amid the risks they face at sea, including global health crisis and conflicts. “The Manila declaration is forward looking. …
Starlink Maritime has slashed the cost of its unlimited data package for IMO-registered vessels from $25,000 per month to just $2,500 – a 90% reduction – with distributors throwing in free high-performance hardware. The Mobile Priority Unlimited package, which had been launched in early 2024, is now being pitched squarely at the commercial shipping sector. …
https://splash247.com/starlink-maritime-slashes-unlimited-data-plan-price-by-90/
https://splash247.com/starlink-maritime-slashes-unlimited-data-plan-price-by-90/